Home Blog Page 442

Kazakhstan to Establish $1 Billion National Bitcoin Fund

Zabi
-
0
Kazakhstan to Establish $1 Billion National Bitcoin Fund

Kazakhstan is preparing to create a national cryptocurrency reserve fund worth between $500 million and $1 billion, as reported by Bloomberg. 

According to the report, the fund is expected to become operational by early 2026. Specifically, it will draw its financing from seized assets, repatriated funds from abroad, and revenues generated through state-managed crypto mining.

This initiative marks the most decisive step yet in Kazakhstan’s effort to institutionalize its crypto policy. It builds on years of regulatory reform and experimentation with government-backed mining ventures.

Fund to Focus on Bitcoin ETFs and Crypto Enterprises

Unlike traditional reserves, which store cryptocurrencies directly, Kazakhstan’s upcoming fund will avoid holding Bitcoin or tokens outright. Instead, it will invest in exchange-traded funds (ETFs) and companies involved in the digital asset sector.

Moreover, the state investment vehicle managing the fund will operate under the Astana International Financial Centre (AIFC), the country’s primary hub for blockchain and fintech initiatives. In addition, authorities noted that foreign partners may participate in the fund once it becomes operational.

From Seized Crypto to State-Controlled Assets

Notably, the idea for a national crypto reserve first emerged in mid-2025. At that time, government agencies began discussing the possibility of combining confiscated digital wallets and tokens from official mining operations.

The Agency for Financial Monitoring stated that the plan aimed to convert illicitly obtained or seized assets into a state-controlled fund, thereby strengthening Kazakhstan’s economic sovereignty and oversight of the digital economy.

Now, the new reserve provides the proposal with a concrete and structured framework. This framework, in turn, enables the government to convert previously idle or unregulated digital assets into productive national investments.

Part of Kazakhstan’s Broader Digital Finance Push

Meanwhile, the upcoming crypto fund complements several recent milestones in the country’s digital finance roadmap. For instance, in September 2025, Kazakhstan introduced KZTE, a Tenge-backed stablecoin built on the Solana blockchain in partnership with Eurasian Bank, Mastercard, and Intebix.

Shortly thereafter, the government launched the Alem Crypto Fund, managed by Qazaqstan Venture under the AIFC’s supervision. The Alem Fund commenced operations with the acquisition of Binance Coin (BNB), naming Binance Kazakhstan as a strategic partner. 

However, officials clarified that Alem is not a central bank reserve, but a long-term digital asset fund designed to support innovation and strategic accumulation.

Presidential Endorsement and Vision for 2026

Moreover, President Kassym-Jomart Tokayev has called on lawmakers to draft legislation for a comprehensive digital asset ecosystem by 2026. He emphasized that developing a state-managed crypto reserve is essential to enhancing financial resilience and technological competitiveness.

As part of this broader vision, the government is also developing “CryptoCity,” a pilot economic zone where companies will be able to transact using digital currencies. 

Ultimately, these initiatives together signal Kazakhstan’s goal of becoming Central Asia’s leading center for regulated blockchain innovation.

‘If XRP Posed No Threat, It Wouldn’t Face Attacks,’ Pundit Says

Sam Wisdom Raphael
-
0
‘If XRP Posed No Threat, It Wouldn’t Face Attacks,’ Pundit Says

The Ripple CEO has addressed XRP’s role within Ripple’s operations, following renewed speculation that the company was pivoting away from XRP.

His comments came at Ripple Swell during an interview with Crypto in America journalist Eleanor Terrett. Notably, she questioned him on the XRP community’s concerns and the company’s growing strategy.

Concerns About XRP’s Relevance

Terrett noted that many individuals within the community had begun to question XRP’s relevance, given Ripple’s expansion into stablecoins and new financial products such as the Ripple stablecoin, RLUSD. She asked Garlinghouse to clarify his earlier statement that “XRP sits at the center of everything Ripple does.” 

In response, Garlinghouse reaffirmed that Ripple maintains a deep commitment to XRP, noting that the token still plays a central role in the company’s long-term plans.

Garlinghouse addressed what he described as rampant misinformation on social media, particularly on X. He said confusion often emerges from claims that Ripple has abandoned XRP, an idea he firmly rejected. According to him, Ripple continues to build around XRP while also incorporating other technologies to meet specific client needs.

“I sometimes think people like to paint a picture that is somehow like Ripple’s given up on XRP. That just doesn’t make sense, like, I mean, for a whole bunch of reasons,” the Ripple CEO said.

Ripple Still Focuses on XRP, But It Can Diversify

Garlinghouse explained that Ripple has a goal to function as a global treasury management and infrastructure provider. Under this plan, the company plans to improve its payment offerings, including “Ripple Payments,” by leveraging various assets based on the best fit for each transaction corridor or currency pair. 

Notably, he clarified that both stablecoins and XRP have their respective roles in Ripple’s ecosystem, and the choice of which to use depends on the situation.

Garlinghouse noted: “Some of those go through stablecoins. Some of those go through XRP. And that depends upon corridor. […] We want to deliver the best possible product to a customer. And sometimes that may be a stablecoin. Sometimes it may not.”

He further revealed that Ripple had heavy involvement in institutional payment flows, using multiple digital assets beyond XRP. For instance, in early 2023, Ripple minted about 20% of all USDC supply while facilitating large-scale transactions. 

According to Garlinghouse, this approach to payment technology shows how Ripple maintains flexibility and focuses on efficiency rather than token exclusivity.

Ripple is Not a Maximalist Organization

Garlinghouse stressed that Ripple is not a “maximalist” organization that clings to one digital asset at the expense of others. Instead, the company seeks to use whichever technology best solves a specific customer problem. He noted that they are not XRP maximalists, as different problems would require solutions from different technologies.

“The whole crypto industry has to start with what problem and for what customer are we solving,” Garlinghouse added.

The Ripple CEO also pointed out that success for XRP does not depend on exclusivity but on overall industry growth. Specifically, if Ripple can scale its transaction volume from billions to trillions of dollars, even if XRP only powers part of that, it still marks a major achievement.

According to him, if Ripple moved from handling billions to trillions of dollars and “XRP doesn’t have 100% of that pie, but the pie is growing very quickly, that’s great.”

If XRP Posed No Threat, It Wouldn’t Face Attacks

Garlinghouse also acknowledged the XRP community. He said their resilience during challenging times, including the company’s legal battle with the U.S. Securities and Exchange Commission (SEC), showed their dedication.

He said that the industry benefits more when stakeholders support one another, rather than fighting over market share or ideological dominance. 

Following the interview, XRP community commentator Subjective Views shared a clip from the discussion, arguing that the hostility Ripple and XRP face only shows their potential impact. “If XRP posed no real threat, it wouldn’t face such relentless attacks,” he said.

Solana Foundation Manager Says Sell Your House, Bed, Clothes, and Buy XRP

Abdulkarim Abdulwahab
-
0
Solana Foundation Manager Says Sell Your House, Bed, Clothes, and Buy XRP

Solana Foundation manager Vibhu Norby has joined the ongoing conversation around the aggressive acquisition of XRP, though in a tongue-in-cheek manner.

The exchange unfolded on X after Tradeship University founder Cameron Scrubs urged his followers to sell Bitcoin, Ethereum, ZCash, and Dogecoin — essentially, to “sell everything” — and buy XRP instead.

Notably, Scrubs is a well-known XRP proponent who previously predicted that XRP would overtake Bitcoin and Ethereum to become the world’s top cryptocurrency within five years.

Now, Scrubs is calling on the investing public to risk it all on XRP. Given the dramatic nature of his suggestion, it quickly gained traction and drew reactions from various crypto communities.

“Sell Your House to Buy XRP”

X user Caspian remarked that the point is not literally to sell everything and dive headfirst into XRP. Instead, it’s about aligning one’s beliefs with one’s actions. Caspian added that if someone truly sees real-world value in XRP, they should act accordingly with conviction. “Own your stack, protect it, and stay ready,” he concluded.

The discussion escalated when Vibhu Norby, a manager at the Solana Foundation, joined in with satire. Taking the exaggeration to a new level, he joked that investors should go so far as to become homeless just to buy XRP.

“Sell your house, bed, kids, cardboard box, clothes, and buy XRP,” Norby quipped.

The exaggerated comment made it evident that Norby was joking about the hype, not actually endorsing XRP.

“What’s Step 2?”

X user Slorg replied, saying he had already gone all in and asked what to do next. Norby joked that the next step was to wait until BlackRock and Mastercard tokenize trillions in assets, sending XRP soaring to $1,000.

The comment reflects the high hopes held by the XRP community, which envisions a future where the coin trades in the four-digit range with the involvement of major asset managers like BlackRock.

Why the Bullish Sentiment on XRP

Beyond the satire, recent developments from Ripple have reignited excitement around XRP, with many believers now more confident than ever in the bullish thesis.

For instance, at Ripple Swell 2025, the company announced a $500 million funding round backed by major investors including Galaxy Digital, Fortress, Brevan Howard, and Pantera Capital.

Ripple CEO Brad Garlinghouse said the funding confirmed investor confidence in a business “built on the foundation of XRP.”

Even longtime critics and Bitcoin maximalists like Gary Cardone congratulated Ripple on the milestone.

In addition, Ripple partnered with Mastercard to use RLUSD on the XRPL for fiat settlement, and Ripple Prime is integrating XRP for settlement.

These bullish developments are fueling ambitious statements from figures like Scrubs, who are encouraging people to sell other assets and buy XRP.

Analyst Lists 6 Reasons XRP Could Repeat 633x Returns

Sam Wisdom Raphael
-
0
Analyst Lists 6 Reasons XRP Could Repeat 633x Returns

A prominent market watcher has shared six reasons he believes XRP could outperform Bitcoin like it has done since mid-2014.

Notably, amid the current market slump, analysts believe a recovery could still unfold within this bull run. Among them, market analyst XFinanceBull says XRP could again outperform Bitcoin when the rebound begins. 

XRP Has Outpaced BTC Since Mid-2014

Interestingly, he based this outlook on historical data and six major developments that he believes could lead to another major upsurge for XRP.

XFinanceBull compared how XRP and Bitcoin performed over the past decade. According to him, if someone had invested $500 in XRP back in 2014, the investment would now be worth about $316,167. This represents a return of 63,233%, or 633x. 

Meanwhile, the same $500 invested in Bitcoin would have grown to around $93,508, representing an 18,501% increase, or 185x. While Bitcoin has seen impressive returns, XRP’s growth outpaces Bitcoin’s by roughly threefold. However, the analyst’s estimations began in July 2014. Citing this, XFinanceBull says current market conditions could make this happen again.

Reasons XRP Could Again Outperform Bitcoin

He then presented six reasons behind his bullish view. The first is the growing wave of XRP spot ETFs. Seven firms, including Bitwise, Grayscale, 21Shares, Canary Capital, WisdomTree, and Franklin Templeton, have pending filings with the SEC. Notably, their decisions are expected between Nov. 13 and 20.

The second reason focuses on Ripple’s recent moves. In 2025 alone, Ripple has made major acquisitions worth over $2 billion combined. It bought prime brokerage firm Hidden Road for $1.25 billion and acquired treasury management company GTreasury for $1 billion in October. 

The third factor is Ripple’s push for a U.S. banking license. The company applied for a national trust bank charter in July 2025. While the deadline was originally in October, the ongoing government shutdown has automatically pushed it back. Pundits expect a decision once the shutdown ends.

The fourth point highlights growing corporate adoption of XRP as a treasury reserve. At press time, several public companies, including Trident Digital, Webus International, VivoPower, and Wellgistics, have added or announced plans to add XRP to their balance sheets. 

The fifth reason centers on the XRP Ledger’s integration with global payment institutions. For context, on Nov. 5, Mastercard, WebBank, and Gemini launched a pilot that uses Ripple’s RLUSD stablecoin to settle Gemini Credit Card transactions instantly through the XRP Ledger. 

For the sixth factor, he pointed to XRP’s place in the global financial push toward tokenization. Boston Consulting Group estimates that tokenized real-world assets could reach $16.4 trillion by 2030, and firms like Bitwise believe the XRPL could capture a chunk of this market. 

What if XRP Repeats the 63,233% Rally

Notably, XFinanceBull said XRP now stands at the center of an “institutional-grade” setup with major upside potential. He believes the market is entering what he calls “utility season,” a time when projects with real-world use cases will lead the next growth cycle. 

He noted that investors should not view XRP’s past surge as a missed opportunity, saying this could be a second chance to build long-term wealth.

Notably, with XRP currently trading for $2.23 at press time, a similar 63,233% increase would push prices to a massive $1,410. However, due to market cap constraints, XRP may witness a less explosive rally. Meanwhile, if BTC ever repeated the 185x rise, its price could hit $18.68 million. Again, such a surge may not be possible soon.

Pundit Says All XRP Haters Would Buy Top to Become Exit Liquidity as They Ignored XRP Under $1

Sam Wisdom Raphael
-
0
Pundit Says All XRP Haters Would Buy Top to Become Exit Liquidity as They Ignored XRP Under $1

A crypto pundit blasts XRP critics, saying those who ignored XRP under $1 and now complain at today’s prices will end up buying the top, becoming the ultimate exit liquidity.

Notably, while XRP has faced downward pressure over the past few weeks, the broader crypto market has not escaped the onslaught. In fact, XRP, which has dropped 9.8% in the last seven days, has held up better than most assets, including Ethereum (ETH) and BNB, both of which have declined 12.5% and 11.8% respectively.

XRP Facing Widespread Criticism

Despite XRP’s greater resilience, it has come under fire, with unique bearish sentiments piling up. For instance, responding to an analysis from CryptoInsightUK amid the ongoing decline, an investor suggested that XRP always disappoints, claiming that it had continued to drop since the November 2024 rally.

Interestingly, XRP proponent Baron Dominus also criticized the price action at some point. In an Oct. 30 commentary, Dominus insisted that something was not right with XRP price action, alleging that Ripple founders are selling when XRP should be going up. “The days of XRP may be over,” he claimed. 

As these comments emerge, media personality Oscar Ramos has suggested that investors who continue to criticize XRP are those who ignored it when it traded below $1 and failed to seize the opportunity.

XRP’s Sub-$1 Opportunity Closes Up

For context, after XRP slipped from the $3.31 peak in January 2018, it entered an extended bearish phase. During this phase, XRP persistently traded below $1, mostly ranging between $0.3 and $0.6, except for a brief spike above $1.96 in April 2021. 

This period lasted for nearly seven years, and instead of seizing the opportunity, some investors wrote XRP off while others accumulated. However, the tide turned in November 2024, when XRP outperformed the rest of the market after the U.S. elections. 

Now that the opportunity to purchase XRP below $1 appears to have closed, Ramos believes these investors who missed out on the chance have pivoted to “haters.” 

According to him, these are individuals who ignored XRP under $1 and now choose to complain about the current price, having entered during the November run but failing to see substantial gains. Ramos suggested that investors like these end up buying the top. “Thanks Exit Liquidity,” he said. 

However, not everyone agrees with this commentary. For instance, “Tadi” pointed out that assets like Bitcoin, Solana, and Ethereum also traded at low prices, but investors who missed out now happily accumulate. He argued that they do not hate XRP because they missed it at low prices, but because it’s an overrated coin.

Meanwhile, while XRP changes hands at $2.23, some analysts like Income Sharks believe those who missed the chance to buy XRP below $2 may soon have another opportunity. Also, finance expert Coach JV has suggested that XRP traded under $2 represents a blessing.

Teucrium CEO Says the Last Half of November Will Be Big for XRP

Abdulkarim Abdulwahab
-
0
Teucrium CEO Says the Last Half of November Will Be Big for XRP

Momentum around XRP continues to build as industry leaders hint at a pivotal moment approaching for the asset.

At the Ripple Swell 2025 conference, Teucrium CEO Sal Gilbertie suggested that the final stretch of November could present a major turning point for XRP and Ripple.

ETF Developments Create Buzz

During an interview with Ray Fuentes at the event, Gilbertie noted that several developments are converging around mid-November.

One of the most anticipated is the launch of Canary Capital’s XRP spot ETF, scheduled for November 13. The update came on stage at Swell by Steven McClurg, CEO of Canary Capital.

This has intensified market excitement, as standalone spot XRP ETF products are widely anticipated.

Notably, the Canary XRP ETF launch will be possible after it filed an updated S-1 with the SEC. The updated filing removed the amendment clause that typically allows the SEC to control the product’s effective date.

The ETF could launch automatically 20 days after filing, on November 13. However, the timeline could shift if the government reopens and the SEC issues additional comments.

“November Is a Very Big Time for XRP”: Institutions Are Getting More Involved

According to Gilbertie, institutional participation is ramping up across multiple fronts. He referenced projections from Citibank suggesting that tokenized assets could reach the trillions within five years. He believes this trend will directly support XRP’s long-term adoption.

Meanwhile, Fuentes pointed out that traditional finance and digital assets are becoming more closely connected. He highlighted patterns in past cycles, such as Bitcoin’s all-time high rally in 2020 and Coinbase’s subsequent IPO, noting that major market milestones often cluster around major institutional movements.

To this, Gilbertie said, “A lot of synergies, a lot of coincidences. But there really aren’t any coincidences. I think the last half of November is a very big time for XRP and Ripple.”

Furthermore, Fuentes noted that the upcoming launch of trading for Circle’s public equities in early December signals more institutional interest. As more traditional investors enter the market, XRP’s landscape could change significantly in the near future.

Gilbertie: “Believe and Ride the Volatility”

Despite recent turbulence in crypto markets, Gilbertie encouraged XRP holders to focus on long-term fundamentals. He said volatility is normal and can even present an opportunity.

“Believe in it. Don’t worry about volatility. It will even out as adoption comes and more institutional money enters,” he said.

He also highlighted the increasing use of the XRP Ledger and the rising number of developers, innovators, and financial players getting involved. For Gilbertie, these trends indicate that XRP’s future remains strong.

Private Investment Firm Explains Why the Market Misprices XRP

Abdulkarim Abdulwahab
-
0
Private Investment Firm Explains Why the Market Misprices XRP

Bayberry Capital, a private investment firm that invests in digital assets, has released an analysis explaining why the market still undervalues XRP. 

The firm says traders and analysts have long judged XRP using the wrong metrics, treating it like a speculative token instead of key financial infrastructure.

“The Market Looks at XRP Through the Wrong Lens”

Bayberry noted that the market still views XRP as any other cryptocurrency, focusing on volatility, news, and short-term sentiment, while overlooking the underlying system.

It argues that unlike typical tokens, XRP was built to move value quickly and reliably across global financial networks. Because the market hasn’t recognized this yet, its price doesn’t reflect its real purpose.

Infrastructure Assets Are Mispriced Early in Their Lifecycle

Furthermore, Bayberry argues that XRP’s mispricing follows a pattern seen throughout financial history where early infrastructure often gets overlooked. The firm compares today’s dynamic to the early internet, where routers and networking companies traded quietly while attention flooded into speculative dot-com names.

According to Bayberry, XRP sits in the same position. The market sees a flat chart and assumes irrelevance, while in reality, the architecture for global liquidity is developing beneath the surface, as evident in Ripple’s streak of acquisitions. 

Institutions, Not Traders, Understand XRP’s Utility

Meanwhile, Bayberry highlights that XRP’s role as a bridge asset requires regulatory clarity, institutional processes, and deep technical integration, and these processes could take time. Retail traders, by contrast, often react to narrative cycles and price swings.

This creates a gap between how XRP is perceived and how it actually functions. Bayberry suggests that the longer this misunderstanding continues, the greater the “eventual” price revaluation could be once XRP’s real-world utility becomes clear.

Utility Adoption Moves Quietly, Not Emotionally

The firm also notes that liquidity infrastructure does not behave like emotional retail markets. True adoption compounds quietly, and once the system reaches a critical threshold, demand often exceeds available supply.

In Bayberry’s view, XRP’s current price is not a sign of weakness but of an asset progressing through an infrastructure-building phase.

XRP price chart | CoinMarketCap
XRP price chart | CoinMarketCap

Supply Concerns Miss the Real Mechanics

Bayberry also addresses a common criticism about XRP’s 100 billion supply. It argues that only the liquid float that’s available for settlement matters, not the headline number. Indeed, a significant portion of XRP remains in escrow or long-term custodians.

As transactional demand grows, available liquidity tightens, which could lead to price discovery once the utility reaches scale.

Regulatory Clarity Has Not Yet Been Priced In

Notably, XRP now operates with a distinct legal advantage following its regulatory resolution in the U.S. Despite this, Bayberry says the market continues to trade XRP as if regulatory uncertainty still exists.

It argues that this disconnect creates a big opportunity. XRP is a fully compliant financial asset, but the market still values it like a risky, unregulated one.

Tokenization Will Make Bridge Liquidity Essential

Bayberry predicts a surge in tokenized value from bonds to commodities as global finance transitions to on-chain.

These systems will need a neutral asset to move liquidity between networks. XRP, built precisely for this role, could see structural demand as tokenization expands. This demand will not be speculative but functional, according to the firm.

Perspective Determines Valuation

Interestingly, the firm argues that XRP’s market cap looks large only when compared to other crypto assets. When viewed against global settlement volumes or projected tokenized markets, it is “insignificant.”

Essentially, Bayberry emphasizes that XRP remains mispriced because the market treats it as a trade instead of a system. According to the firm, its value will eventually reflect its role in global financial plumbing, not because of hype, but because settlement infrastructure becomes essential.

Bayberry concludes that value in financial architecture accrues over long periods and becomes visible only when the system reaches widespread deployment.

At that point, the market won’t be discovering something new. It will simply recognize what has been developing quietly all along for XRP.

Cardano Founder Reacts as Zcash (ZEC) Skyrockets Past $10 Billion Valuation

Zabi
-
0
Cardano Founder Reacts as Zcash (ZEC) Skyrockets Past $10 Billion Valuation

Cardano co-founder Charles Hoskinson has weighed in on the stunning surge of Zcash (ZEC), a leading privacy-focused cryptocurrency.

According to CoinMarketCap, ZEC climbed from a mere $40.42 on September 1 to $619 at the time of publication. Consequently, this represents a 1,431% increase in just two months.

Notably, the token’s price has skyrocketed since early September, capturing industry attention and sparking conversations about the future of privacy coins.

ZEC now boasts a market capitalization of $10.17 billion, ranking 13th worldwide. In recent movements, ZEC has gained 21.45% in 24 hours, 63.91% over the week, and 365.4% in the past month.

Zcash (ZEC) price chart CoinMarketCap
Zcash (ZEC) price chart CoinMarketCap

Hoskinson’s One-Word Message: “Midnight :)”

Hoskinson drew attention to the Zcash rally by retweeting a post from X user Rashid bin Saeed. In that post, Saeed advised traders, “Don’t fade privacy coins.” Subsequently, Hoskinson appended a brief but pointed remark: “Midnight :)”

The remark references Cardano’s forthcoming zero-knowledge (ZK) sidechain Midnight. Specifically, the initiative incorporates enhanced privacy and scalability features into the Cardano ecosystem.

Hoskinson’s post draws a comparison between Zcash’s success and what he envisions for Cardano once Midnight launches.

Midnight Project: Cardano’s Bet on Privacy and ZK Technology

The Midnight project represents one of Cardano’s most ambitious ventures. Currently, in its testnet phase, Midnight’s NIGHT token airdrop has already attracted millions of users across seven different blockchains. This level of participation indicates substantial community engagement.

Additionally, the Midnight Foundation recently announced a partnership with Google Cloud to advance zero-knowledge proof (ZKP) technology and promote broader industry adoption. The project has also established partnerships with over 80 developers and enterprises. Notably, collaborations include Maestro, Sundae Labs, Fluid Tokens, and OpenZeppelin.

Hoskinson believes Midnight could transform Cardano into a leader in blockchain privacy, matching the kind of market enthusiasm currently seen with Zcash.

Cardano’s Market Struggles Continue

While enthusiasm grows around Midnight, Cardano’s native token ADA continues to struggle. As of the latest data, ADA trades at $0.5470, up 2% in the past day but down more than 33% over the last month. The token remains over 50% below its yearly highs.

For years, Cardano’s performance has lagged behind that of rivals, including Solana, Tron, and BNB Chain. Analysts often refer to it as a “ghost chain” due to its low total value locked (TVL) and limited stablecoin supply, which currently stands near $30 million.

Hoskinson’s Outlook

Hoskinson maintains that Midnight could reshape Cardano’s reputation. By introducing advanced privacy tools and scalable ZK technology, the new sidechain may attract developers and capital back to the ecosystem.

Moreover, he has expressed optimism that the project could bring billions in new activity and enhance ADA’s long-term value.

Ultimately, whether Midnight can replicate Zcash’s success remains to be seen, but Hoskinson’s confidence suggests Cardano is preparing for a pivotal phase in its evolution.

Expert Says Investors Will Still Panic When XRP Drops From $1,200 to $1,000

Sam Wisdom Raphael
-
0
Expert Says Investors Will Still Panic When XRP Drops From $1,200 to $1,000

Diep Sanh, an XRP community figure, has suggested that investors would likely panic when XRP drops from $1,200 to $1,000 over 40 years from now.

The XRP community is no stranger to audacious price predictions, and Diep Sanh’s recent disclosure follows this same trend. While presenting a future where XRP could be trading at much higher prices, the market analyst recently pointed out a recurring pattern in how investors react to price fluctuations.

Today, XRP trades for $2.23, down over 10% as the broader crypto market enters a challenging period. Notably, after hitting a new market cap peak of $216.69 billion in July, XRP has lost over $82 billion in valuation, as its market cap drops to $134.33 billion at press time.

Investors Will Still Panic if XRP Drops from $1,200 to $1,000

This bearish price action has triggered panic among investors, with most of them failing to realize that, in hindsight, XRP is actually up 346% since November 2024. Diep Sanh aimed to highlight this reality in his recent commentary on XRP’s future.

Specifically, Sanh jokingly remarked that investors would be “shitting” themselves when XRP collapses from $1,200 to $1,000 — a scenario he believes could unfold around 2070, roughly 45 years from now.

Sanh Diep on X
Sanh Diep on X

Given XRP’s current price, a $1,000 valuation would appear highly favorable, representing a 44,743% gain. However, Sanh’s disclosure points out that when XRP eventually reaches greater heights and then experiences a decline to the same $1,000, investors are likely to overreact, as they often do, losing sight of how far XRP has come.

Poor Market Sentiment Amid Current Downturn

Notably, this is the exact trend that is playing out amid the ongoing downtrend. For context, after dropping from the $3.31 peak in January 2018, XRP collapsed below $1 and continued to change hands between $0.3 and $0.7 for nearly seven years, with a brief spike to $1.96 in April 2021 and occasional dips below $0.2.

XRP eventually recovered above this zone during the November 2024 rally, soaring to a peak of $3.4 before facing rejection. Since then, XRP has failed to drop below the $1 territory, now changing hands between $2 and $3. This represents a massive improvement from the $0.5 zone just a year ago, but market sentiments remain down.

Essentially, any investor who procured XRP from February 2018 to November 2024 now sits on gains. Nonetheless, some of those who entered the market after the November 2024 rally could be facing losses, and this has contributed to the panic.

Meanwhile, some analysts believe the correction could go deeper, suggesting that investors who could not amass XRP below $2 may soon get another chance to do so. Essentially, most of these analysts insist that the ongoing downtrend is an accumulation opportunity, as XRP could witness a recovery to greater heights. However, this remains speculative.

Bitwise Dogecoin ETF to Go Live on November 26 After Filing Update

Zabi
-
0
Bitwise Dogecoin ETF to Go Live on November 26 After Filing Update

Bitwise Asset Management has updated its regulatory filing for its spot Dogecoin ETF, clearing the way for a launch before the end of November.

In a post on X (formerly Twitter), Bloomberg ETF analyst Eric Balchunas stated that Bitwise removed a “delaying amendment” from its S-1 registration.

This adjustment activates a 20-day automatic approval period under Section 8(a) of the Securities Act. Consequently, the ETF may take effect without explicit approval from the SEC unless the agency elects to intervene.

Earliest Possible Launch: Late November

If the SEC does not halt the process, Bitwise’s Dogecoin ETF will become effective around November 26, 2025. Although this route is unusual, it remains a legally permissible strategy.

Balchunas described the approach as a way of “letting the clock run,” reflecting Bitwise’s confidence that the SEC is unlikely to act against the filing within the 20-day window.

ETF Structure and Custody Details

The proposed ETF will directly hold Dogecoin (DOGE) as its underlying asset. Coinbase Custody will serve as the crypto custodian, while BNY Mellon will manage the ETF’s cash holdings.

The fund will track the CF Dogecoin-Dollar Settlement Price, offering investors exposure to DOGE’s spot market performance. The ticker symbol and management fee have not been disclosed so far. However, the ETF will list on NYSE Arca, a major exchange for crypto funds.

Rising Interest in Dogecoin-Based Products

Bitwise’s progress follows the launch of the REX-Osprey DOGE ETF in September 2025. Bloomberg analysts currently estimate a 90% or higher likelihood that multiple Dogecoin ETFs could begin trading by the end of this year.

They cite the SEC’s increasing openness toward digital asset funds and recent approvals of single-asset crypto products as supporting factors.

Market Impact and Current DOGE Performance

Despite the promising ETF developments, the Dogecoin price has weakened in recent days. The token has fallen 11% over the past week, currently trading at $0.1658 after a modest daily dip.

Market observers note that regulatory progress is positive for long-term adoption. Nonetheless, near-term price trends continue to reflect broader volatility in the crypto sector.

1...441442443...2,632Page 442 of 2,632