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Trying to capitalize on the recent trends of ETF approvals, the XRPETF is a new token that markets itself not as a regular asset, but as one that aims to get on the top 500 list on CoinMarketCap, according to the website.
This project has no clear utility yet and no affiliation to XRP or Ripple Labs but states its goals to go live on “at least 5 exchanges”. Some investors are wondering whether they should park their funds in this new crypto, and in this article we speculate on a possible XRPETF price forecast.
What is XRPETF Token?
The official whitepaper doesn’t highlight the project’s long-term use case or roadmap. Instead, it chooses short term selling points and uses marketing hype to attempt to make the project appealing for traders.
It talks about how the XRPETF token is out to “redefine the landscape of digital asset investment beyond the conventional boundaries of ETFs.”
To become one of the top 500 tokens on CoinMarketCap, XRPETF has highlighted four pillars of its ecosystem:
Innovation
The project states that it seeks to introduce a novel approach to digital asset investment by tracking the performance of ETFs and XRP.
Accessibility
The token is designed to be accessible, per the claims. The project further says it aims to democratize access to the cryptocurrency market so that investors can earn from the growth of XRP.
Opportunity
Opportunity is the third pillar highlighted. The project says that the XRPETF token offers the perfect opportunity to diversify funds at a time when the community is anticipating the approval of XRP ETF.
Value Creation
According to the whitepaper, three mechanisms have been put in place for value creation within the project’s ecosystem: token burning, liquidity provision, and staking rewards.
Burning, Staking and Liquidity Provision
XRPETF says that once the presale concludes and the project goes live, a 5% burn tax will be implemented to increase the token’s scarcity.
Staking has been designed to incentivize long-term holding and to counteract the massive sell-off that often happens once the presale concludes.
For liquidity provision, the project simply sets aside a portion of the total supply for exchange listings to maintain economic stability.
XRPETF Tokenomics and Roadmap
XRPETF has a total supply of 1 billion tokens, 48.2% of which are allocated to the presale, 20% for staking, 16.8% for liquidity, 10% for burning, and the final 5% for the team.
The project’s roadmap has only three stages. The token has launched, and an extensive marketing campaign is underway. In the last phase, XRPETF states that it will implement a 5% burn tax mechanism to introduce scarcity within the project’s ecosystem.
XRPETF Price Prediction
XRPETF is a presale, which means depending on how much traction it gains during the course of its ICO, it may experience a price pump after going live on exchanges. However, the token has no utility and is yet to generate buzz through its social media handles. All these factors will determine how it performs once it goes live.
2024
Once the token launches, it may go through a pump depending on how much the community is interested in its offerings. That said, even though it is a presale project, its core fundamentals are not so unique, which doesn’t give it a major viral potential.
At best, the token may experience a 50 to 75% increase once it goes live.
2025
XRPETF’s performance in 2025 will depend on whether or not this project continues to exist. It is an important factor to consider since the developers have promised “a 100% money back guarantee if the token doesn’t list on five cryptocurrency exchanges.”
If there are no takers for this crypto by Q1 of 2025, it may disappear. However, if it continues to exist, it may gain some traction from possible bullish sentiments around Bitcoin.
2030
XRPETF has no utility, and its roadmap isn’t concerned about providing any long-term perks but securing a position among the top 500 cryptos on CoinMarketCap.
At the time of writing, Marscoin is positioned at the 500th position on CoinMarketCap, and it has a market cap of $2.8 million. Therefore, it may not be difficult for XRPETF to rank among the top 500 cryptos on CoinMarketCap.
However, holding that position for a long time will be difficult because of the lack of interesting narratives from within XRPETF’s ecosystem. Therefore, our long-term forecast for XRPETF is bearish.
99Bitcoins – Bitcoin-Inspired Crypto with an Established Utility and Long-term Upside
Whereas XRPETF is trying to gain attention from XRP enthusiasts to build a following, 99Bitcoins is a Bitcoin-inspired crypto education project that already has a large audience.
99Bitcoins is one of the biggest online platforms focusing on crypto education. While historically centralized, the project is now taking on a decentralized journey to democratize crypto education through the power of blockchain.
The project is developing an education portal that redefines crypto learning by making it more interactive and rewarding.
With unique perks like learn-to-earn and crypto trading signals, 99Bitcoins has emerged as one of the leading cryptos with long-term upsides.
Furthermore, 99Bitcoins is in the process of bridging to BRC-20, the standard native to the Bitcoin blockchain, which further enhances the project’s appeal.
Many YouTubers, like Matthew Perry, have already discussed the presale, stating that this project can potentially ‘change BRC-20 forever’.
The 99Bitcoins presale is approaching its last stage after raising more than $2.5 million to date.
It will end on August 6 at 2 PM UTC, with its initial exchange offering expected to take place shortly after on DEX.
Our #Presale is nearly over!
Secure your $99BTC tokens now before the final price increase! 
The presale ends on the 6th of August at 2 PM UTC. Don’t miss out! 
#99Bitcoins #BTC #Crypto pic.twitter.com/ggU70617jT
— 99Bitcoins (@99BitcoinsHQ) July 23, 2024
Therefore, those interested in a crypto education project with long-term potential should consider investing before next month’s deadline, or buy $99BTC once listed on DEX.
Visit 99Bitcoins
*Cryptonomist did not write the article or test the platform.