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Bloomberg Analyst Predicts Timeline for Franklin XRP ETF Launch

Abdulkarim Abdulwahab
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Bloomberg Analyst Predicts Timeline for Franklin XRP ETF Launch

The race to launch the first wave of U.S. spot XRP ETFs is intensifying again with new timelines for debut emerging.

Bloomberg ETF analyst James Seyffart has revealed that Franklin Templeton has submitted an updated S-1 registration statement for its XRP ETF. According to Seyffart, the firm shortened its Form 8(a) language to make the ETF set for a near-term market debut. 

Specifically, he noted that Franklin Templeton is “looking to launch [its XRP ETF] this month.”

Crypto in America journalist Eleanor Terrett also confirmed the development. She highlighted that Franklin Templeton now joins Canary Capital and Bitwise as issuers that recently updated their XRP S-1 filings.

This wave of updates suggests a coordinated push across the industry to take advantage of the current regulatory window as the U.S. government remains in shutdown.

Geraci’s Two-Week Window Aligns With New Filings

Notably, the string of updated S-1s supports recent expectations from ETF expert Nate Geraci, who projected that a new set of spot XRP ETFs could go live within two weeks, targeting mid-November.

Among the current contenders, Canary Capital appears to be the closest to launch. After removing the delaying amendment from its S-1 last week, Canary’s spot XRP ETF automatically becomes effective 20 days after filing. This places its estimated debut around November 13.

The firm previously used this strategy for its Litecoin and Hedera products, both of which successfully launched despite the ongoing U.S. government shutdown. Analysts expect the same mechanism to give Canary an early lead in the XRP ETF race.

Shutdown Pressures Issuers Toward Auto-Effective Filings

The prolonged government shutdown has significantly slowed SEC operations. As a result, issuers like Franklin Templeton and Bitwise are leaning on the auto-effective pathway to bypass delays.

SEC Chair Paul Atkins recently endorsed this mechanism for companies seeking to roll out new products. This has given issuers more confidence to proceed without full regulatory engagement.

More Issuers Expected to Join the XRP ETF Fast-Track

With Franklin Templeton now joining Canary Capital and Bitwise in updating S-1 filings, industry watchers expect other major issuers like Grayscale, 21Shares, CoinShares, and WisdomTree to follow suit.

Notably, the first U.S. XRP ETF by REX Osprey went live in September and has already accumulated approximately $105 million in assets.

Bitwise’s Matt Hougan and Canary Capital’s Steven McClurg predict that the combined inflows into upcoming XRP ETFs could surpass $10 billion within months of their debut. Based on this expectation, analysts are projecting double-digit price actions for XRP this year and early 2026.

Expert Shows Power of Three (PO3) Setup Could Push Cardano to $3

Elendu Benedict
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Expert Shows Power of Three (PO3) Setup Could Push Cardano to $3

A recent analysis has highlighted the possibility of a Cardano rebound, with a new chart setup tipped to spur another round of bullish price action.

Cardano is experiencing a significant dump, similar to most other cryptocurrencies. With Bitcoin falling below $100,000 yesterday for the first time since June, Cardano dropped over 6% to a five-month low of $0.49 before recovering slightly.

The apparent price weakness has now taken ADA’s loss to 17% in the past week and 36% over the last 30 days, raising concerns that the token and the broader cryptocurrency have entered a bear phase.

PO3 Pattern Suggests Upside Possibilities Remain

However, a TradingView analysis from OceanStaker suggests otherwise. The commentary highlighted that Cardano is following a Power of Three (PO3) price pattern and is entering phase 2 of the development.

ADA entered the first phase of this structure during the Donald Trump-inspired rally, which saw its price move from around $0.32 in early November to a peak of $1.32 in December 2024. The coin has consolidated within the phase until now.

An accompanying chart indicates that yesterday’s downtrend is propelling Cardano into phase 2, which is a period of price accumulation. The analyst expects this short phase to be marked by short-lived price corrections, but anticipates Cardano will hold the $0.435 price level.

Cardano PO3 Structure
Cardano PO3 Structure

Notably, this aligns with the lower support level of the accumulation box, which is approximately 18% below the current market price of $0.53.

Phase Three to Spark Cardano Rally

Meanwhile, after the accumulation phase, OceanStaker predicts a transition into phase 3, characterized by substantial upsides. The chart indicates that this phase will propel Cardano past the phase 1 high of $1.32 to greater heights.

Specifically, it could take Cardano past the $3 price mark, potentially retesting its 2021 peak and current all-time high of $3.10. This represents a 485% uptick from the current market price.

Notably, other chart components align with this narrative. The commentator noted that the MACD and RSI on the daily chart are in a downward trend, aligning with the prices. A breakout for these indicators alongside the PO3 pattern would further fuel the ADA climb.

Remarkably, “Cardano to $3” has become a common forecast a common prediction among analysts, as they expect a recovery to that level if altcoins enter their next bullish phase. Crypto Deezy is one of the analysts calling this price, citing a breakout from a descending channel. Permabull Dan Gambardello has also predicted that ADA will reach a $3 price.

Analyst Says If You Didn’t Buy XRP Under $2, You’ll Soon Have Another Chance

Sam Wisdom Raphael
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Analyst Says If You Didn’t Buy XRP Under $2, You’ll Soon Have Another Chance

Income Sharks, a well-known market analyst, has suggested that those who missed XRP below $2 could soon get the chance to buy at that level.

His recent commentary comes on the back of the ongoing market turbulence that has threatened to push multiple assets to yearly lows, including Bitcoin (BTC) and XRP. Notably, Bitcoin recently lost the $100,000 support, dropping to $98,943 earlier today before eventually recovering to trade at $101,741 as of press time.

Past Opportunities

Meanwhile, XRP has defended the pivotal $2 support more fervently, currently changing hands at $2.25 after it recovered from a dip to $2.1 earlier in the day. Despite XRP’s 2.21% increase today, Income Sharks believes a slump below the psychological $2 support is not out of the question.

In his latest analysis, the market watcher specifically addressed investors who have expressed regret over missing out on XRP when it traded below $2. For context, after dropping below $3.31 in January 2018, XRP changed hands below $2 for years, giving investors an opportunity to amass it at a lower cost.

However, this opportunity closed after the November 2024 U.S. election. Notably, following President Donald Trump’s victory, XRP staged a rally that allowed it to breach $2 the following month. Since then, XRP has mostly held above $2 despite occasional dips below the price point. 

Interestingly, these dips have also presented momentary opportunities for investors to enter the market below $2, but some appear to have missed them. The last opportunity came up during the Oct. 10 crash, but emerged during a flash crash, which most investors would not have been able to take advantage of.

Analyst Predicts Upcoming Chance to Buy XRP Below $2

Now, Income Sharks believes another opportunity could be opening up as market uncertainties lead to price declines. In an accompanying chart, the analyst identified a demand area between $1.8 and $2. Notably, he suggested that the current XRP dip could push prices to this area before a recovery ensues.

XRP 1D Chart Income Sharks
XRP 1D Chart | Income Sharks

Below this demand zone is a thinner support area around the $1.7 to $1.8 range, which could act as the next cushion should the area between $1.8 and $2 fail to hold up well. 

Casi, another prominent market analyst, believes a drop to this region between $1.72 and $2.04 may be imminent despite insisting that XRP has maintained its long-term bullish structure. According to the analyst, once XRP fills this demand zone, the next direction would be a rally to between $7 and $10, aligning with a Wave 3 surge.

XRP Chart Casi Trades
XRP Chart | Casi Trades

Meanwhile, market watcher Lingrid already warned of a possible correction for XRP toward the $2 support last month. In an Oct. 18 analysis, she called attention to a descending channel, suggesting that XRP could drop to $2.1 to retest the lower trendline of the channel. Notably, when XRP traded for $0.51 in April 2023, analyst EGRAG also argued that XRP under $1 was a life-changing opportunity.

Crypto Liquidations Top $2B as Bitcoin Dips to $98K

Abdulkarim Abdulwahab
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Crypto Liquidations Top $2B as Bitcoin Dips to $98K

The crypto market saw a sharp decline on Tuesday, losing approximately $250 billion in value as Bitcoin and Ethereum tumbled amid global economic uncertainty.

Bitcoin dropped under the $100,000 mark for the first time since May, reigniting concerns about weakening investor sentiment. In particular, the flagship cryptocurrency fell to $98,950 before slightly recovering to $102,090 at press time.

This reflects a 5% daily loss and a 10% decline over the past week. Notably, Bitcoin now trades nearly 20% below its all-time high of $126,080, set on October 6, 2025.

Ethereum Suffers Steeper Losses Among Top Tokens

Meanwhile, Ethereum recorded one of its worst single-day drops in recent months. The second-largest cryptocurrency tumbled from $3,628 to $3,097, its lowest level since July.

At around $3,328 by press time, Ethereum remains down by over 8% in the past 24 hours. Other major coins, including XRP, Solana, and BNB, also slipped but showed smaller declines than Ethereum.

Overall, the global cryptocurrency market capitalization currently stands at $3.4 trillion, down 4.2% over the last 24 hours.

Image of crypto and Bitcon market | https://coin360.com/
Image of crypto and Bitcon market | https://coin360.com/

Over $2 Billion in Positions Liquidated

The sell-off triggered widespread forced selling across exchanges. Data from CoinGlass showed that approximately $2.10 billion in crypto positions were liquidated in 24 hours. Of this, $1.68 billion came from long positions, reflecting traders’ misplaced bets on price gains.

Ethereum topped the liquidation chart with $655 million, followed by Bitcoin with $614 million. Despite the scale of losses, Tuesday’s liquidations remain far below the $19 billion record set in October 2025.

Stock Market Weakness Adds to Pressure

The crypto sell-off coincided with a decline in major U.S. stock indices. Both the Nasdaq and S&P 500 ended Tuesday lower, dragged down by declines in technology shares.

The synchronized downturn highlighted broader risk aversion among investors amid global market uncertainty.

Macro Tensions and Interest Rate Concerns

Market analysts attributed the sell-off to several macroeconomic factors. Ongoing trade frictions involving U.S. President Donald Trump and China have heightened volatility across markets.

At the same time, liquidity concerns and uncertainty over a potential third U.S. interest rate cut in 2025 have further shaken sentiment.

Although the scale of the current pullback is smaller than October’s crash, many traders appear increasingly cautious following recent volatility.

Expert Says XRP Top is in When Everyone’s Sure XRP Can’t Fall Below $10

Sam Wisdom Raphael
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Expert Says XRP Top is in When Everyone’s Sure XRP Can’t Fall Below $10

A market analyst has projected how the XRP price could move from here, suggesting that the top would price in amid overwhelmingly bullish sentiments.

This commentary came from CryptoBull, a well-known chartist who has always maintained a bullish stance on XRP. This time, he presented what he believes would be the sequence of events surrounding future XRP price movements as market uncertainty dominates the scene.

Notably, since dropping from the $2.69 high on Oct. 27, XRP has continued to witness bearish pressure. After a slight recovery on the last day of October, XRP faced resistance and recorded a massive 8.66% crash on Nov. 3, representing its largest intraday drop since the Oct. 10 event. 

The Same Feeling Before XRP Dropped to $0.11

With XRP now trading below the pivotal $2.20 Baseline, CryptoBull confirmed that he is having the same feeling he had when XRP collapsed to a low of $0.11 in March 2020. For context, after the $3.31 peak of January 2018, XRP saw persistent declines, recording lower highs and lower lows until it dropped to $0.1140 in March 2020.

While this drop marked a massive 96.5% drop from the $3.31 high, it represented XRP’s bottom for the cycle, as prices eventually began recovering after this floor. From the $0.11 mark, XRP rebounded to $1.96 by April 2021 despite the SEC lawsuit that began in December 2020. This represented a 2,803% rise within a year.

CryptoBull believes the XRP market might be at a similar stage. According to him, just like the drop that led to the $0.11 bottom in March 2020, XRP could witness massive capitulation soon. While he failed to predict the floor price this time, the analyst believes a recovery could follow once XRP hits the bottom.

Sign of the Market Top

“Volume and prices will start going up,” the analyst suggested. However, he again chose not to present any price target for this imminent recovery push. Meanwhile, CryptoBull mentioned a trend with which market participants could identify when XRP has reached its top for the bull run.

Specifically, the analyst noted that when bullish sentiments dominate the scene, such that investors start believing XRP will never drop below the $10 mark, that’s when the top is in. 

This suggestion implies that he expects XRP to rally past $10 to a much higher level. This level could be $11, $15, or even $30. Interestingly, in August, CryptoBull predicted that XRP could rally to a price between $23 and $30 in the next four months, specifically in December. 

While he failed to predict XRP’s price top in the latest commentary, if a drop to $10 represents the typical 70% bear-cycle crash from the cycle top, then the top would sit around $33.

XRP Recovery Price Target

Meanwhile, DustyBC, another market technician, also recently predicted that XRP could still correct further from its current position, falling to $2 or lower. Still, a recovery from this correction could push XRP to $3.5.

XRP 8h Chart DustyBC
XRP 8h Chart | DustyBC

Pundit Challenges Claims XRP Can’t Hit $10 Within a Month

Sam Wisdom Raphael
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Pundit Challenges Claims XRP Can’t Hit $10 Within a Month

An XRP community pundit has challenged critics who insist XRP cannot reach $10 within a month, citing data from the most recent explosive run.

While XRP has struggled over the past few days, down 14% in the last week, on the back of a broader market correction, community members remain optimistic in the token’s long-term fundamentals, arguing that a rebound to greater heights could ensue once market conditions improve.

The XRP to $10 Chants

One target some analysts have been eyeing is $10. For instance, last month, market commentator Zach Rector suggested that it would turn into a riot when XRP eventually pushes toward $10. Analyst CryptoBull also claimed that those who sold their holdings would likely come back when XRP surpasses the $10 mark.

Interestingly, Baron Dominus, a market watcher, also predicted a possible XRP run to $10 in October, but claimed it could happen within a month. Responding, “Scam Detective,” an XRP critic, expressed strong pessimism, even insisting that they place a bet on the outcome.

Can XRP Hit $10 Within a Month?

While Dominus’ projection did fail to materialize, as XRP faced difficulties on its path to the $10 mark last month, some XRP proponents have kicked against the idea that the token is not capable of reaching $10 within a month.

For instance, Fefe, an XRP community commentator, took a jab at the individuals who argue against this possibility. Fefe cited historical data showing XRP had, in the recent past, engineered the sort of upsurge necessary for it to reach the $10 price level. However, even his data underestimated XRP’s run.

Specifically, after Donald Trump’s election victory on Nov. 4, 2024, XRP, which traded for $0.50, experienced an impressive surge on the back of a market run. By Dec. 3, 2024, XRP had reached a peak of $2.9, its highest price in seven years at the time. Interestingly, this marked an impressive 480% increase within a month.

XRP 480 Rally
XRP 480 percent Rally

Notably, this upsurge happened just a year ago, confirming that, amid current market conditions, XRP does have the capacity to rally 480% within a month. With XRP currently trading for $2.3 at press time, if the altcoin replicated a similar 480% rise from here, its price would increase to $13.34.

However, it is important to note that a 480% increase from $2.3 to $13.34 would be more challenging than a 480% rise from $0.5 to $2.9. This is largely due to market cap constraints, as the former uptick would demand more capital inflows due to XRP’s larger valuation. Nonetheless, a rally to $13 within a month remains a possibility for XRP despite it being uncertain at this point.

Fintech Harbor Consulting Ltd. Outlines Key Insights on Obtaining a Crypto License Worldwide

Esra Zuhal
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Fintech Harbor Consulting Ltd. Outlines Key Insights on Obtaining a Crypto License Worldwide

Fintech Harbor Consulting Ltd., an international consulting firm specializing in legal and financial solutions for fintech and digital businesses, has released an analysis for entrepreneurs and companies interested in obtaining a crypto license across major jurisdictions.

As regulations regarding digital assets evolve, the demand for clear licensing strategies is rising across Europe, North America, Asia, and beyond. A cryptocurrency license is an official authorization from regulators that permits a business to operate legally in cryptocurrency markets.

Fintech Harbor Consulting Ltd. identifies several significant jurisdictions with varying requirements and procedures:

  • European Union (EU): The Markets in Crypto-Assets (MiCA) regulation standardizes rules across member states. Depending on the activity, applicants need capital of €50,000 to €150,000, a physical office in the EU, and a locally based director. Poland and the Czech Republic follow these standards..
  • Switzerland: The Swiss Financial Market Supervisory Authority oversees licensing. Processing usually takes two to three months. A local office is required, and Switzerland’s established financial sector provides access to banking and investment networks.
  • Liechtenstein: The Blockchain Act establishes a clear legal framework for blockchain and cryptocurrency businesses. Companies benefit from consistent rules across the European Economic Area, with moderate taxation and reliable financial services.
  • Canada: Firms register as Money Services Businesses with FINTRAC. Timelines range from three months to one year. There is no requirement for local shareholders or directors. A compliance officer and a Canadian address are required, which gives foreign firms flexibility.
  • El Salvador: As the only nation to adopt Bitcoin as legal tender, El Salvador’s Digital Assets Issuance Law offers tax incentives, including exemptions on digital asset gains. Licensing can be completed in 10 to 14 days, with the requirement for a local address.
  • Mauritius: The Financial Services Commission administers licensing. Companies need a registered office and one local director. The process typically takes three to six months and is suited to international digital asset projects.
  • Singapore: Under the Payment Services Act, providers of digital payment token services are required to obtain authorization from the Monetary Authority of Singapore. The framework emphasizes compliance and risk management in a major Asian financial center.

Securing a license enables a company to operate lawfully, manage regulatory risk, and establish credibility with customers, partners, and investors. It can also support access to banking and open doors to new markets.

However, applicants still face considerable challenges when seeking authorization. Regulatory frameworks vary by country and change often, which complicates compliance for cross-border operators. The associated costs can be high, with varying fees, capital requirements, and ongoing obligations.

Companies must also meet stringent requirements for anti-money laundering, identity verification, financial reporting, and cybersecurity. These demands can strain resources, especially for smaller firms or newcomers.

Expert legal and financial guidance helps businesses choose the right jurisdiction, prepare compliant documentation, and plan for long-term obligations. Professional support reduces the likelihood of delays or denials and enables teams to submit complete applications to regulators.

As governments continue to update digital asset regulations, understanding the specific requirements for each location remains essential. Fintech Harbor Consulting Ltd. continues to monitor global developments, providing clarity for businesses operating in this regulated sector. Additional details on obtaining a crypto license are available on the company’s website.

About:

Fintech Harbor Consulting Ltd. provides legal and financial consulting to fintech and digital businesses. The firm advises on technology-driven solutions in financial services, with experience in large international projects for crypto, payment, banking, and gaming (esports) companies. Services cover business structuring, company incorporation, bank account opening, contract drafting, compliance, licensing, data protection, and trademark registration. Learn more at www.fintecharbor.com

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Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Pundit Says Ripple Swell Usually Has No Impact on XRP Price, But Here’s What Could Move XRP

Sam Wisdom Raphael
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Pundit Says Ripple Swell Usually Has No Impact on XRP Price, But Here’s What Could Move XRP

Amid the hype around the Ripple Swell conference, XRP community figure Digital Asset Investor (DAI) believes the event doesn’t affect XRP’s price. 

The 2025 Ripple Swell runs from Nov. 4 to 5 at Convene Hudson Yards in New York City, Ripple’s first time hosting the event in the heart of Wall Street. A welcome reception took place yesterday, kicking off the two-day summit that the firm hopes will strengthen its ties with institutional players.

The Latest Ripple Swell

This year marks the ninth edition of Ripple Swell since it began in Toronto in 2017. Over the years, it has hosted global leaders and major announcements. Ripple plans to showcase product updates, host policy-focused talks that touch on potential Trump-era crypto priorities, and close with the Ripple Innovation Awards.

Ripple CEO Brad Garlinghouse will deliver the opening keynote, while Nasdaq’s Chair and CEO Adena Friedman will take part in a fireside chat about the future of digital assets. 

Other speakers include Maxwell Stein, BlackRock’s Director of Digital Assets, and Patrick Witt, a Senior Policy Advisor at the White House. Witt’s participation marks the first time a sitting U.S. official has attended Swell since 2018.

Could Ripple Swell Impact XRP Price?

Amid this lineup and the hype, XRP community members now expect this year’s event to influence the market. Recently, popular analyst Crypto Wolf predicted a possible price surge as the conference approached. A day later, he claimed XRP could rally as excitement around Swell grows. 

Levi shared similar optimism last month. He said investors were expecting new partnerships and adoption news that could send XRP soaring beyond $20.

DAI Provides Counter Opinion

However, DAI believes otherwise. He pointed out that Ripple Swell has never directly affected XRP’s price in the past years. According to him, only a game-changing development, such as BlackRock launching an XRP ETF, could truly move the market in a big way.

Nonetheless, this seems far from happening. BlackRock has repeatedly confirmed it has no plans to launch an XRP ETF, or any single-altcoin ETF, beyond Bitcoin and Ethereum. 

Three months back, a company spokesperson mentioned that there were no such plans. In July 2024, Robert Mitchnick, BlackRock’s Head of Digital Assets, said during the Bitcoin 2024 conference that demand for crypto products outside Bitcoin and Ethereum remains very low. 

Around the same time, Samara Cohen, the firm’s Chief Investment Officer for ETF and Index Investments, told Bloomberg that the company would continue focusing only on Bitcoin and Ethereum ETFs for now.

More recently, Mitchnick explained on the ETF Prime podcast that BlackRock considers factors such as liquidity, market cap, investor demand, and overall maturity when assessing new crypto ETFs. Still, he gave no indication that XRP or any other altcoin was under review. 

For now, the firm’s strategy remains centered on Bitcoin and Ethereum. Despite this, XRP proponents such as DAI continue to hope that the asset manager could have a change of heart.

Bitcoin Multi-Week Dip Nears Crucial 50-Week EMA: Analyst Says “This Is the Moment”

Abdulkarim Abdulwahab
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0
Bitcoin Multi-Week Dip Nears Crucial 50-Week EMA: Analyst Says “This Is the Moment”

As Bitcoin extends its multi-week decline, touching $103,700 today, attention is now shifting toward a technical level that has repeatedly defined its long-term trend.

Analyst Lark Davis highlighted this level in a new post, noting that Bitcoin is approaching the same area that triggered several major rebounds since early 2023.

50-Week EMA Has Historically Supported the Trend

According to Davis, Bitcoin’s 50-week EMA has acted as a powerful support zone for nearly two years. Each time the price dipped toward this line on the weekly chart, market sentiment collapsed.

Calls such as “It’s going to zero” and “It’s over” dominated market discussions. The pattern is repeating right now. Meanwhile, Davis’s chart shows the market has often rebounded significantly to new highs amid this panic.

In other words, he suggests that history may repeat itself, as bearish sentiment once again dominates market discussions.

Lark Davis Bitcoin weekly chart
Lark Davis Bitcoin weekly chart

Market Turns Cautious

Bitcoin reached an all-time high above $126,100 just a month ago and has since fallen by over 17%. The retreat has renewed fear across the market. In particular, the Fear and Greed Index now sits at 27, compared with neutral readings of 42 a week ago and 59 a month ago.

On the chart, Bitcoin is now edging closer to the same 50-week EMA that acted as a lifeline during past corrections. The level currently sits around the $101,000 region. Now, traders are asking whether Bitcoin will repeat its historical pattern.

“Will history repeat itself? Or will it be different this time?” Davis asked.

Low Price to Target Next

With Bitcoin revisiting the $103K level today, some traders warned that the next major support lies near $92,000. Investor Ted Pillows described the market as being in “free fall.” 

Daan Crypto Trades noted that Bitcoin had lost key support amid whale selling, weaker U.S. stocks, and a stronger dollar.

Meanwhile, on-chain data from Glassnode shows short-term holders entering capitulation, with unrealized losses at their worst since April. Historically, such conditions have signaled potential buying opportunities for long-term investors.

Factors Affecting Bitcoin’s Price

Analysts have observed various indicators suggesting that insufficient demand is contributing to Bitcoin’s weak performance.

CryptoQuant’s Julio Moreno stated that rather than focusing on long-term holders, he monitors whether demand can absorb supply at higher prices. Over the past few weeks, there hasn’t been enough demand, leading to falling prices. Over the long term, demand is still growing but remains below trend.

This is further confirmed by the recent trend of more outflows than inflows from Bitcoin ETFs. In particular, ETFs have sold over $1 billion worth of BTC in the last four trading days.

Binance’s CZ Says He Always Buys the Market Top

Elendu Benedict
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Binance’s CZ Says He Always Buys the Market Top

Changpeng “CZ” Zhao, the co-founder of Binance, has reflected on a history of personal crypto purchases, with his recent ASTER acquisition now in the red.

A few days ago, CZ bought ASTER, a token he has widely promoted since its launch. He announced buying over 2 million tokens, which at the time was a little under $1 per token.

While the token surged on his “full disclosure” on November 2 to a high of $1.28, it has since crashed by over 25% to its current market price of $0.91.

A Familiar Portfolio Move for CZ

Meanwhile, widely followed community figure “MEJ” started a conversation on the recent ASTER drop, stating that “in the era of the Orange Buffoon, even CZ is getting trapped.” This referenced the Binance co-founder’s ASTER acquisition, which is now in the red.

Zhao seemed unperturbed.  In fact, he disclosed that he seems to always be unlucky with his personal crypto purchases. He noted that every time he buys a coin, the asset seemingly tops in the short term.

“100% record,” he added, highlighting that every one of his crypto buys has had him stuck in a losing position on the onset.

Zhao further buttressed that his unlucky charm started with his 2014 Bitcoin accumulation. He bought at an average price of $600, only for the apex cryptocurrency to drop to $200 within a month and consolidate below his entry for 18 long months.

In a similar vein, his 2017 BNB buy dropped between 20% and 30% after acquisition, and he nursed a loss for weeks. This time with ASTER, his portfolio is already in an unrealized loss, and he seems not to know how long this one will last.

HODLER CZ Buys the Uncertainty

Meanwhile, Zhao had earlier noted that he is a “holder,” not a trader, suggesting he is in for a long and hard hold, as he did with his Bitcoin and BNB stashes.

Furthermore, he disclosed that he had bought into the market uncertainty. The Binance co-founder added to his position yesterday, joining those who bought the dip.

CZ has consistently stressed buying the dip, urging crypto enthusiasts to capitalize on the downsides to buy more. Earlier, he emphasized that those who sell dips follow “weak minds” and encouraged strengthening connections with people who understand the market dynamics.

Remarkably, his patience has usually paid off, as Bitcoin has increased a staggering 17,233% from his 2014 entry of $600. BNB has also grown 8,289% from its December 2017 high of $11.30.

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