Laser Digital Projects Solana and XRP ETFs to be Released This Year
Laser Digital, a digital asset company under the Nomura financial services group, projects this year to be an important year. Where they project the Solana (SOL) and XRP Exchange-Traded Fund (ETF) will be approved by the Securities and Exchange Commission (SEC).
This optimism is based on the success of the launch of the US Bitcoin Spot ETF in January last year, which was quite successful with a managed fund (AUM) of US$50 billion in just the first 11 months.
In addition, with the election of Paul Atkins as SEC Chair, it is predicted that he will create a more crypto-friendly policy. Laser Digital also predicts that institutional investors will see an increase in ETF adoption this year
It doesn't stop there, in addition to the Solana and XRP ETFs, a number of asset managers have filed around 12 ETF applications, including a product from ProShares that ties the S&P 500 Index returns to Bitcoin, as well as a Litecoin (LTC)-based ETF. #Xrp🔥🔥#Ripple #xrp
# **Ripple RLUSD Reaches Daily Volume of US$100 Million, a DeFi Game-Changer?**
_Ripple United States Dollar_ (RLUSD), a _stablecoin_ created by Ripple Labs, recorded a daily trading volume of more than US$100 million or equivalent to IDR1.6 trillion. This achievement marks Ripple's strategic step in expanding its ecosystem in the traditional and decentralized financial markets (DeFi).
It is known that RLUSD is designed with a liquidity-based model to facilitate integration into various financial platforms. The founder of Omni Network and former Ripple Executive explained that the high trading volume encourages more exchanges to adopt RLUSD.
In addition, with RLUSD now integrated with Ethereum (ETH) and Chainlink-based protocols, it will allow its use on lending platforms, decentralized exchanges (DEX), and derivative markets.
In addition, Ripple also has the ambition to make RLUSD the main asset in real asset tokenization by integrating RLUSD into the Liquidity Hub. On the other hand, the record volume achievement is considered only the beginning of Ripple's efforts to dominate the stablecoin market and financial innovation.
Investors have cashed out $1.6 billion worth of XRP, Ripple's cryptocurrency, with 695 million tokens sold amid a stagnant market situation for the past 6 weeks.
This is because XRP investors are worried about the stagnation of XRP prices with increasing dissatisfaction, leading to increasing selling pressure.
The latest data from CoinMarketCap states that the price of XRP has been observed to increase by 14% in the past seven days, but has entered a consolidation phase, with prices between $2.34 and $2.46 for the past six days.
This phenomenon is indeed common during prolonged consolidation phases. However, despite the increasing sales from short-term investors, there are still many long-term holders who maintain their XRP.
If profit-taking efforts from investors continue to increase, the XRP support zone looks dangerous because it can push from a neutral situation to a bearish one. This will cause many losses for investors, both long-term and short-term investors.
$FLOKI may I ask the experts? Compared to $PEPE which is said to be impossible to touch $1. Because the supply is too abundant. Can the $FLOKI coin reach $1 in the future? Given the supply is not too abundant compared to Pepe? Please write your input in the comments. Let me learn to read future market conditions!!? #pepe #Floki🔥🔥
$XRP when is the right time to enter $XRP ?? january 15th? after trump inauguration? and how is the market condition after the addition of 1 billion xrp coins that have been released? released or not yet???
Today I was right again, I don't know how long the points can be exchanged. . . too long . . . and the results are low. . . stay consistent every day, just fill it in