Famous media personality and self-acclaimed XRP leader Dave Portnoy expresses regret over selling his XRP stash too early and missing out on a 60% rally.
Portnoy, the founder of Barstool Sports, expressed this regret in a short clip shared on X yesterday. ‘Confessing’ to his 3.7 million X followers, Portnoy admitted that he sold his XRP holdings two weeks ago based on the recommendation of someone who grew concerned about the investment.
According to him, this ‘advisor’ had previously encouraged him to purchase XRP. Hence, he sold when they asked him to do so.
Portnoy Regrets Selling XRP
Notably, Portnoy’s regret stems from the fact that XRP has soared 60% after he had sold his holdings. This saw him miss out on massive profits worth millions of dollars. Regretting this decision, Portnoy admitted that he felt like “crying” knowing that he does not own XRP anymore.
“Even though I’m the leader of the XRP army, I sold it,” Portnoy remarked.
Initial Interest in XRP
The Barstool Sports founder had invested heavily in XRP over the past few months. During a December 2024 livestream, Portnoy revealed that he had amassed $1.3 million worth of XRP. He claimed to have also committed $1.5 million to Bitcoin. In February, the businessman stated that he had purchased an additional $1 million worth of XRP.
Following that investment, Portnoy suggested that he would hold his XRP stash and avoid trading it anytime soon. He believed that XRP could easily soar 10 times in the near future. However, he does not see Bitcoin achieving a similar feat anytime soon.
In his view, XRP could become the next Bitcoin — a major factor that attracted him to the token. Despite his initial conviction about XRP, Portnoy still liquidated his stash just weeks ago.
XRP Soars Over 60%
For context, the price of XRP has soared heavily over the past few weeks. As of two weeks ago, when Portnoy claimed he sold his XRP holdings, the price hovered around the $2 region but has since spiked over 60% to a multi-year high of $3.65.
At its current price of $3.62, XRP is 5.5% away from reaching its previous all-time high of $3.84, set in January 2018, more than seven years ago. Yesterday, XRP’s market cap crossed $200 billion for the first time and subsequently climbed to $215 billion.
A crypto payment gateway is a digital service that facilitates the acceptance of cryptocurrency payments for goods and services. These gateways serve as intermediaries between merchants and customers, enabling transactions to be processed securely and efficiently using various cryptocurrencies. By leveraging blockchain technology, crypto payment gateways ensure that transactions are transparent, immutable, and decentralized, which enhances security and reduces the risk of fraud. Additionally, they often provide features such as real-time conversion to fiat currency, integration with e-commerce platforms, and user-friendly interfaces, making it easier for businesses to adopt and utilize cryptocurrency as a payment option in their trading operations. Below you can find the table with a quick comparison of the best crypto payment gateways for trading.
Provider
Fees
Supported Cryptocurrencies
Flexibility for Traders (Custom Tokens, APIs, Payouts)
High — API, instant payouts, token integration, fiat on/off-ramp
CryptoPay
~1% (plus network fee)
50+
Medium — API available, limited token options
BitPay
1% (standard rate)
15–20 (BTC, ETH, BCH, LTC, stablecoins)
Low — no custom token support, limited integration
Fizen
~1% (not transparent)
~100
Medium — solid coverage but less trader-specific tools
Simplex
3–5% (on-ramp focused)
BTC, ETH, major stablecoins
Low — primarily for fiat purchases, not for B2B payouts
In this article we will take a look at 5 best crypto payment gateways for trading. Here is the list:
NOWPayments
Cryptopay
BitPay
Fizen
Simplex
How Cryptocurrency Gateway Payment Works
A cryptocurrency payment gateway acts as a bridge between a merchant’s website and the customer, facilitating the seamless processing of cryptocurrency transactions. When a customer decides to make a purchase using cryptocurrencies, the payment gateway converts the digital currency into the equivalent fiat currency or processes the payment in cryptocurrency, depending on the merchant’s preference. This ensures that the merchant receives the payment in their chosen currency, while the customer can conveniently use their preferred cryptocurrency. The gateway also provides security features, such as encryption and fraud detection, to protect both parties during the transaction. Overall, cryptocurrency payment gateways play a crucial role in enabling online businesses to accept digital currencies, thereby expanding their customer base and enhancing payment flexibility.
NOWPayments
NowPayments Start Accepting Crypto Payments
NOWPayments stands out as the best crypto payment gateway for trading, offering a seamless and efficient platform for individuals and businesses looking to engage in cryptocurrency transactions. With its user-friendly interface and robust security features, NOWPayments facilitates quick and secure payments, making it an ideal choice for traders who want to streamline their operations. Additionally, the platform supports a wide range of cryptocurrencies, ensuring that users have the flexibility to trade in their preferred digital assets. Its competitive transaction fees and reliable customer support further enhance the overall trading experience, positioning NOWPayments as a top contender in the realm of crypto payment gateways.
CryptoPay
CryptoPay is a leading crypto payment gateway that facilitates seamless transactions for businesses looking to accept cryptocurrencies as a form of payment. With its user-friendly interface and robust security features, CryptoPay enables merchants to easily integrate cryptocurrency payments into their existing systems, offering customers a convenient and efficient way to trade digital assets. The platform supports a wide range of cryptocurrencies, ensuring flexibility and accessibility for users. As one of the best crypto payment gateways for trading, CryptoPay not only enhances the payment process but also helps businesses tap into the growing market of cryptocurrency users.
BitPay
BitPay is one of the leading crypto payment gateways for trading, offering businesses the ability to accept Bitcoin and other cryptocurrencies as payment for goods and services. With its robust security features and user-friendly interface, BitPay allows merchants to seamlessly integrate cryptocurrency payments into their existing payment systems. The platform not only facilitates instant currency conversion but also provides tools for invoicing and transaction tracking, making it an ideal choice for traders looking to expand their payment options. Additionally, BitPay supports multiple cryptocurrencies, enhancing flexibility and appealing to a broader customer base. As more consumers and businesses embrace digital currencies, BitPay stands out as a reliable solution for those aiming to navigate the evolving landscape of crypto transactions.
Fizen
Fizen is a leading crypto payment gateway that facilitates seamless transactions for businesses looking to integrate cryptocurrency payments into their platforms. With its user-friendly interface and robust security features, Fizen enables merchants to accept a variety of cryptocurrencies, making it an ideal choice for those involved in trading. By leveraging Fizen’s technology, businesses can enhance their payment processes, attract a wider customer base, and stay ahead in the rapidly evolving digital currency landscape.
Simplex
Simplex is a leading crypto payment gateway that facilitates seamless transactions for businesses and individuals looking to engage in cryptocurrency trading. By providing a user-friendly interface and robust infrastructure, Simplex allows merchants to accept various cryptocurrencies while ensuring security and compliance with regulatory standards. Its innovative approach not only streamlines the payment process but also enhances the overall trading experience for users, making it a top choice among crypto payment gateways in the market today.
Why Should Businesses Use Crypto Payment Gateways?
Businesses should consider using crypto payment gateways for several compelling reasons. Firstly, these gateways allow companies to accept cryptocurrency payments, which are becoming increasingly popular among consumers. By integrating a crypto payment gateway, businesses can attract a broader customer base, including tech-savvy individuals and those who prefer the privacy and security that cryptocurrencies offer. Additionally, using crypto payment gateways can lower transaction fees compared to traditional payment processors, ultimately leading to cost savings for businesses. Furthermore, the speed of cryptocurrency transactions can enhance cash flow, as they often settle faster than conventional banking methods. Overall, adopting crypto payment gateways not only positions businesses at the forefront of technological advancement but also provides a competitive edge in today’s evolving marketplace.
Why NOWPayments takes the lead in 2025
Final thoughts why NOWPayments is the best crypto payment gateway for trading revolve around its unique features, user-friendly interface, and robust security measures. NOWPayments stands out due to its seamless integration with various e-commerce platforms, allowing traders to easily incorporate cryptocurrency transactions into their business model. The platform supports a wide range of cryptocurrencies, ensuring flexibility and convenience for users. Moreover, its competitive transaction fees and quick processing times enhance the overall trading experience, making NOWPayments a top choice for businesses looking to leverage the benefits of crypto payments in their trading operations.
As businesses continue to explore alternative payment methods, many seek a crypto gateway that offers secure transaction support, real-time settlements, and a wide range of crypto payment tools. Unlike traditional gateways, modern providers must offer crypto and fiat interoperability, including features that convert crypto to fiat instantly. Platforms like NOWPayments provide a compliant payment structure with strong payment processing capabilities, appealing to customers who prefer crypto and stablecoin payments.
Payment gateways provide essential infrastructure that enables businesses to receive crypto, simulate payments, and expand their global reach. With blockchain payment support, recurring payments, and integration of cryptocurrency into e-commerce platforms, the crypto payment gateway market is rapidly maturing.
For merchants choosing the right gateway, it’s important to find a trusted crypto payment gateway that balances a seamless crypto payment experience with low fees and robust customer support. As a gateway like NOWPayments demonstrates, even conventional payment methods are evolving to support digital payments. With offerings such as digital payments, bitcoin payment support, payment button integrations, and crypto wallet compatibility, NOWPayments is a crypto payment solution that stands out.
Final thoughts
NOWPayments is a payment gateway that is a service, a payment service provider and a gateway provider in one. Whether your business needs to hold crypto, offer crypto payments, expand their payment options or convert crypto to fiat, NOWPayments does it all. It allows merchants to start accepting crypto payments instantly and make payments to any crypto wallet securely.
NOWPayments is more than just a crypto payment processor; it is a reliable crypto payment partner for businesses with varied payment strategies and business models. Known as one of the best providers, it enables you to accept payments, accept cryptocurrency payments, start accepting payments, and manage payments in crypto. With built-in KYC controls, a wide range of crypto assets, secure payment options, customer support, and payment processing experience, NOWPayments helps merchants integrate crypto faster and easier than ever before.
For businesses aiming to choose the best gateway for their needs, NOWPayments is a top crypto payment platform. It helps payment providers and e-commerce businesses pay with crypto, use crypto, and integrate crypto into their checkout systems with minimal friction. With features like payment links, bill payments, and incoming payments into stablecoins, NOWPayments delivers an unmatched payment experience. It’s the ultimate solution for businesses seeking the best cryptocurrency gateway to manage crypto transaction volume efficiently.
XRP has massively outperformed Bitcoin over the past year without treasury backing and ETFs. What happens now that it’s getting both?
Good Alexander, a crypto commentator who describes himself as a financial cyberpunk, recently made this bullish observation surrounding XRP on X.
He pointed out that XRP managed to surge past Bitcoin over the last year without the usual institutional support like ETFs or treasury backing. Now that those same advantages are finally coming to XRP, analysts are questioning how far it could run.
XRP Surged 273% Against Bitcoin Without ETFs or Treasury Backing
Market data confirms this claim. Specifically, in early July 2024, XRP traded at $0.4753. At the same time, Bitcoin held a price of $62,676. This placed the XRP-to-Bitcoin ratio at roughly 0.000007583. Now, a year later, Bitcoin has climbed to $118,114, gaining a solid 88% over the year.
However, XRP performed better. Notably, its price jumped to $3.02, representing an explosive 535% increase. This massive growth pushed the XRP/BTC ratio up to 0.00002556. Essentially, XRP didn’t just gain in dollar terms; it also rose 237% against Bitcoin.
This kind of performance is rare, especially when you consider that Bitcoin had the help of multiple ETF listings and widespread adoption in institutional treasuries. XRP achieved more with less.
Alexander noted the difference. XRP’s rally came without the things that usually drive large-scale investor interest: no ETF exposure in major U.S. markets, very few companies holding it in treasury reserves, and no native way for users to earn passive income through yield. Now, it is on the verge of welcoming these features.
XRP ETFs and Treasury Backing
For instance, several XRP ETFs are now entering the market. ProShares will launch its Ultra XRP ETF on NYSE Arca on July 18, offering 2x leveraged exposure to XRP futures. Further, Grayscale is pushing to convert its digital large-cap fund, which contains XRP, to an ETF.
While U.S. regulators haven’t approved a spot XRP ETF yet, large Institutions like WisdomTree and Franklin Templeton already have applications under review. Meanwhile, in Canada, spot XRP ETFs are active on the Toronto Stock Exchange and are drawing in serious institutional flows.
On top of that, XRP is starting to gain attention from companies building crypto reserves. For one, Everything Blockchain recently committed $10 million to a mixed treasury that includes XRP.
Also, Trident announced a $500 million XRP treasury plan. Webus International filed with the SEC to build a $300 million XRP reserve. Others like VivoPower, Wellgistics Health, and Ault Capital also shared plans to hold XRP.
XRPL Welcoming More Tools
In addition to this, more tools are arriving on the XRPL.While native staking on the XRP Ledger still isn’t live, platforms like Uphold, working with Flare Network, are preparing to roll out yield programs. These programs will let users wrap XRP and stake it to earn passive income through DeFi services.
Moreover, the network took another big leap with the launch of its Ethereum-compatible sidechain. Since June 30, 2025, developers have deployed more than 1,300 smart contracts. The sidechain also allows XRP to work smoothly with Ethereum-based apps and services.
Further, Ripple has also entered the stablecoin space. Last December, it launched RLUSD, a U.S. dollar-pegged stablecoin built for institutions. Most recently, Ripple confirmed that BNY will be the primary custodian of the reserves backing RLUSD. Interestingly, the coin has already reached over $517 million in market cap.
Acclaimed millionaire crypto trader “ProfitMana” is back with ambitious predictions for XRP, and this time, he claims he’s going to retire all his followers.
In his latest post, Mana shared a list of 35 crypto assets with projected gains ranging from 3X to 50X this cycle. Once again, XRP leads among the major cryptocurrencies.
XRP to Deliver 5X–7X This Cycle
Among his top picks, XRP remains one of the standout plays. Mana now expects XRP to deliver a 5X to 7X return, upgrading his previous single 5X estimate. With XRP reclaiming the $3 mark today, this new range suggests a potential high of $15 to $21 in the current bull cycle.
At $21, XRP’s market cap would exceed $1.24 trillion, putting it in direct competition with tech giants like TSMC and Tesla in terms of valuation. Such a move could also elevate the token’s status in the crypto hierarchy.
In particular, XRP as a trillion-dollar asset could place it just behind Bitcoin, especially if Ethereum fails to reach similarly lofty valuations.
Notably, Mana’s updated prediction aligns with the views of many in the XRP community, who believe the true breakout for XRP has yet to occur. While many expect prices above $10 this season, some believe the coin could approach triple-digit territory in this cycle. Meanwhile, at press time, XRP is trading at $3.27, a six-month high, after an 11% pump today.
Meme Coins Dominate the High Multiples
While XRP leads among major altcoins, Mana’s highest targets are reserved for meme and micro-cap coins. FLOKI, BabyDoge, and Mubarak top the list with projected gains of 30X to 50X. CULT, BOBO, WOLF, and Broccoli follow closely, each forecasted to return 20X or more.
These tokens, though carrying higher risk profiles, continue to attract attention due to their explosive volatility. FARTCOIN, PENGU, SPX, and NPC also made the list, with NPC notably appearing twice with projected gains of both 15X–17X and 25X–27X.
Other Major Altcoins: AAVE, UNI, and SUI
Beyond XRP, Mana is also bullish on other large-cap tokens like AAVE and UNI, predicting 12X to 14X and 6X to 8X returns, respectively. SUI, a layer-1 chain that has grown in popularity, is now expected to soar 12X to 15X, a significant upgrade from Mana’s earlier 4X–9X projection.
These targets point to a strong altcoin season, where blue-chip DeFi and layer-1 projects could significantly outperform Bitcoin.
“I’m Retiring All My Followers”
Mana is so confident in his projections for these altcoins that he declared he’s “retiring all [his] followers” this cycle.
However, for most XRP investors, a 5X to 7X price surge may not be enough to retire, except for large holders with 48,000 XRP or more, currently worth about $144,000. Such a portfolio could be worth over $1 million if XRP reaches $21.
For most holders with fewer than 1,000 XRP tokens, they may be anticipating much higher prices or considering diversification into some of the high-volatility coins highlighted by Mana.
According to Strategy’s chairman, Michael Saylor, the only thing better than Bitcoin is more Bitcoin.
Saylor shared this optimistic statement via a tweet today. He highlighted MicroStrategy’s 3,588% return, which outperformed all traditional assets during its Bitcoin Standard era.
Bitcoin-Focused Strategy Paying Off for Michael Saylor
Indeed, Saylor’s bold bet on Bitcoin has proven to be one of the most profitable investment strategies of the past five years. MicroStrategy (MSTR), the publicly traded business intelligence firm that has transformed into a Bitcoin vault, recorded an astonishing 3,588% return since adopting a BTC standard in 2020.
The company stayed true to its accumulation plan despite facing significant public skepticism initially. With Bitcoin trading around $120,000, the company sits on unrealized profits exceeding $28 billion from its BTC holdings.
Notably, MicroStrategy holds 601,550 BTC as of today, worth $71.44 billion. Meanwhile, it invested $42.88 billion to secure this holding. This portfolio solidifies MicroStrategy’s position as the largest Bitcoin holder among public firms.
These numbers confirm Saylor’s conviction, as he declared that, for the past five years, the only thing better than Bitcoin was to buy more of it. Many firms are now adopting Saylor’s Bitcoin blueprint to benefit from similar gains.
BTC Outperforms Stocks, Gold, and Bonds
New data visualized by Strategy compares the returns of major assets over the same five-year period against Bitcoin. The crypto asset led by a landslide, posting a +905% return in half a decade compared to the Invesco QQQ Trust’s +106%. Other financial instruments posted even poorer performances:
S&P 500 ETF (SPY): +86%
Gold ETF (GLD): +62%
Real Estate ETF (VNQ): +9%
Bond ETF (BND): –19%
Chart by Strategy
While Bitcoin’s 905% gain dwarfed returns from traditional financial instruments, MicroStrategy’s aggressive BTC accumulation strategy amplified those gains by nearly four times.
The company has effectively transformed itself into a leveraged Bitcoin ETF. Investors seeking exposure to BTC through traditional markets have turned to MSTR, especially before the approval of spot Bitcoin ETFs.
Saylor’s Bitcoin Thesis Gains More Validation
Saylor’s leadership is now earning praise even from some of Bitcoin’s most skeptical corners as its strategy of holding BTC on its balance sheet has become a generational wealth move.
Impressive returns continue to validate his thesis that BTC is a superior store of value and inflation hedge compared to fiat, gold, or bonds.
Meanwhile, as institutional interest in Bitcoin expands, MicroStrategy is even doubling down on its holdings. In particular, Michael Saylor has said he would continue buying BTC even if the price reaches $1 million per coin.
Chris Larsen, a Ripple co-founder and current chairman of the firm, sold millions worth of XRP today, extending his persistent dump since the start of the year.
On-chain data shows that the co-founder continued his dumping spree today, as a wallet tied to him shifted $26 million in XRP. Notably, he moved the stash to the prominent US-based exchange Coinbase, sparking speculations of a possible sale.
The shift coincided with XRP’s rally to a seven-month high today. For context, XRP further strengthened its grip above $3, with its 7% rally in the past 24 hours. It currently trades at $3.23, with its daily gains outperforming those of all other cryptocurrencies in the top 10 ranking by market capitalization.
Former Ripple Boss Continues Sales
Remarkably, Larsen has been shifting XRP throughout this year and in large numbers. The Crypto Basic reported that the spree dates to as early as January, when an address, chrislarsen (5), shifted 40 million XRP, worth $116 million at the time, to exchanges.
Since then, the wallet has transferred 66 million XRP across dozens of transactions to Coinbase and another unidentified address, which typically ends up on an exchange. Today’s $26 million shift brings the total amount to 106 million XRP, valued at $334 million.
Interestingly, he has missed out on a massive gain from his sold stash. At the current price of $3.23, the stash would be worth $342 million now, more than $8 million of what he sold them for.
Larsen Still Has Billions of XRP At His Disposal
Meanwhile, XRPScan shows that the chrislarsen(5) account still holds massive amounts of XRP despite its selling spree. At the time of writing, it contains approximately 332.5 million XRP, worth $1.08 billion in today’s market.
Balance of One of Chris Larsen’s XRP Addresses/XRPScan
Notably, the Larsen-affiliated address received 500 million XRP in 2013 upon the launch of the XRP Ledger as a gift. The balance remained unchanged until September 2024, when it first moved 50 million XRP to Coinbase. It has since then sold 167.5 million XRP.
In general, XRPScan shows that about 2.6 billion XRP is still attributed to Larsen’s name, held across six wallets. This amounts to a staggering $8.40 billion at the current market price.
Interestingly, his activities have raised concerns within the XRP community, with his large stash further fueling skepticism. Larsen’s stash currently accounts for 4.39% of XRP’s circulating supply, and some suggest their dump would affect prices.
Nonetheless, XRP has matched on and is currently above the $190 billion market cap. Also, XRP is on the verge of hitting a new peak, as it trades closer to its all-time high of $3.84.
Electric vehicle firm Volcon has announced a change in its corporate strategy, revealing plans to adopt a Bitcoin treasury.
The company disclosed this major development through a press release, which confirmed that it secured over $500 million in a private placement offering to support its new Bitcoin-focused treasury approach.
Volcon Adopts Bitcoin Treasury with $500M
According to the release, Volcon reached a purchase agreement with several institutional and accredited investors, selling over 50 million shares at a price of $10 each.
Notably, the expected gross proceeds from this transaction exceed $500 million before accounting for agent fees and offering expenses. The company stated that it intends to allocate at least 95% of these funds towards acquiring Bitcoin.
The investment round saw major participation from notable crypto venture capital firms and traditional financial institutions. Leading the private placement was Empery Asset Management, joined by firms such as Pantera, RK Capital, Relayer Capital, and FalconX.
Meanwhile, to facilitate the move, Volcon partnered with Gemini Nustar, a Gemini Trust Company affiliate, for digital asset services.
Alongside this change, Volcon made several leadership changes. Ryan Lane, co-founder of Empery, was appointed co-CEO and Chairman of the Board. Specifically, three other executives from Empery joined the board to oversee the execution of the new strategy.
VLCN Stock Spikes
Also, Volcon noted it would focus on a capital-efficient Bitcoin strategy while maintaining its electric vehicle business through an asset-light model. Co-CEO John Kim highlighted the move as a forward-looking decision to protect shareholder value in a time of rising concerns about fiat currency debasement.
Volcon’s announcement had an immediate impact on its stock. The company’s stock (VLTN) soared by 366%, climbing from $9.22 to a high of $43.38 earlier today. This pattern has played out with other Bitcoin treasury firms in the past. Although VLTN later pulled back to around $27.07, the stock remains up by 193%.
Volcon Stock Spike Amid Bitcoin Treasury Plan
Growing Trend of Bitcoin Treasury Firms
Remarkably, the recent move places Volcon among a growing group of companies integrating Bitcoin into their financial strategies. This year alone, several high-profile firms have joined the trend, a movement that gained attention with MicroStrategy’s now well-known Bitcoin playbook.
According to data from Bitcoin Treasuries, 272 large entities now hold Bitcoin, and public companies lead the pack. Currently, 154 public firms collectively own over 860,000 BTC, worth more than $101 billion.
MicroStrategy, now rebranded as Strategy, continues to dominate the list with 601,550 BTC valued at nearly $71 billion. Marathon Digital follows with 50,000 BTC, while Twenty One Capital and Riot Platforms hold 19,225 BTC and 16,352 BTC respectively.
Following the price surge of Ethereum above $3,400, BitMine Immersion Technologies announced that its ETH holdings have exceeded $1 billion.
The company revealed the valuation of its Ethereum holdings in a press release today. According to the announcement, BitMine holds 300,657 ETH as of July 17, 2025. With Ethereum’s price hitting $3,461.89 today, BitMine’s Ethereum holdings surpassed a valuation of $1 billion.
BitMine Grows Its ETH Stash with $250M Fundraiser
The incredible milestone comes within a week of BitMine closing a private placement on July 8, raising $250 million from prominent investors. MOZAYYX led the private placement, with other investors, including FalconX, Pantera, Kraken, and Founders Fund, participating in the transaction.
Interestingly, BitMine channeled the funds into purchasing additional Ethereum, eventually growing its holdings to 300,657 ETH. This move has proven advantageous as the holdings exceeded $1 billion following the surge in ETH’s price.
At press time, Ethereum was trading at $3,415, meaning that BitMine’s ETH portfolio of 300,657 ETH is worth $1.026 billion.
BitMine to Acquire and Stake 5% of Ethereum Supply
BitMine’s executive chairman, Thomas Lee, commented on the development, emphasizing the company’s commitment to growing its Ethereum holdings.
According to him, the goal is to amass and stake 5% of Ethereum’s overall supply, which is currently equivalent to 6,035,676 (6.03 million) ETH. For context, Lee has been a major proponent of Ethereum, which he believes could become the next Bitcoin.
Meanwhile, as a NYSE-listed company, BitMine commits to growing the amount of ETH backing each share by leveraging multiple strategies. These include earning rewards on its staked ETH, reinvesting the company’s cash flow into ETH, and taking advantage of price swings to lower its overall Ethereum acquisition cost.
Commenting on the development, BitMine’s CEO, Jonathan Bates, suggested that the recent milestone underscores the company’s long-term commitment to Ethereum’s prospects.
“We are committed to Ethereum’s continued growth and look forward to advancing our Ethereum treasury strategy,” Bates noted.
A well-known market commentator expresses a strong emotional attachment to XRP, characterizing the asset as the biggest opportunity ever.
XRP has been trending lately, following its resilience and bullish performance amid Bitcoin’s move. After Bitcoin soared to an ATH of $123,091 on July 14, the premier crypto plummeted over 3.81% mounting bearish pressure on altcoins.
However, XRP defied the odds, showcasing resilience and ranking among the top 20 cryptocurrencies with the most weekly gains.
Unwavering Enthusiasm for XRP
Following its rally, popular market commentator Bark said he cannot stop thinking about the token. This suggests that he is continually analyzing XRP movements, tracking on-chain metrics, and monitoring related news.
Notably, Bark referred to XRP as “the biggest opportunity of our lifetime,” capturing his expectations that XRP could deliver life-changing gains compared to other crypto assets.
This perspective has been gaining momentum within the XRP community in recent times. Many community figures believe that XRP will yield substantial returns for early investors in the future.
Commentators like Bark bank on catalysts such as XRP’s potential adoption by financial institutions for cross-border settlements, broader market expansion, and the availability of multiple exchange-traded funds (ETFs) exclusively tied to the token.
XRP Reclaims $3, Bark Predicts Surge to $10
Notably, Bark’s commentary follows XRP’s rally above the $3 territory. For context, XRP reclaimed $3 on July 14, shortly after Bitcoin hit an ATH of $123,091. However, XRP plunged below that price level amid a broader market sell-off.
Interestingly, XRP has rebounded above $3 once more today despite Bitcoin failing to experience any significant price surge. At press time, XRP trades at $3.25 following an uptick of 10.32% over the past 24 hours. Notably, its price has also increased by 33.1% over the past seven days and by 46.79% over the past month.
Following the recent surge, Bark declared that investors will never see the token’s price below $3, speculating that it is heading to $10 and above. He suggested that investors had the opportunity to amass XRP when it was trading below $3.
100 XRP Can Acquire a Luxury Mansion
Interestingly, the analyst expressed conviction that with a holding of only 100 XRP, investors will be able to acquire a multi-million dollar luxury mansion in the future. This implies that the price of XRP will soar tremendously to the point where a valuation of 100 XRP could afford a luxury home.
A prominent voice in the XRP community has drawn a remarkable parallel between XRP and Apple prior to the launch of its revolutionary iPhone.
According to influencer John Squire, those rushing to exit their XRP positions might be missing out on what he believes is a pivotal moment, comparable to investors selling Apple stock just before it transformed the tech industry.
The comparison suggests that XRP’s full potential may not yet be reflected in its current price. With Ripple’s ongoing partnerships, XRP’s utility in cross-border payments, and increasing talk of mainstream adoption, Squire’s remark adds to the voices encouraging long-term conviction.
His statement comes amid renewed interest in XRP following recent price rallies. For context, XRP reclaimed the stubborn $3 resistance level twice this week and appears ready for an even greater breakout.
However, for short-term traders, this may be a good time to lock in profits. For context, XRP is up 43% on the monthly timeframe. Meanwhile, many XRP commentators are urging investors to adopt a long-term view, suggesting that XRP’s price could climb much higher.
Squire argues that those selling XRP now risk missing out on the kind of gains seen by those who believed in Apple and held onto their stock until after the iPhone launched.
Apple Stock Price After the iPhone
Notably, late Apple co-founder Steve Jobs introduced the iPhone in January 2007. The announcement was a game-changing moment.
A market chart from TradingView highlights the relatively flat trajectory of Apple stock from 1981 to 2007, compared to its explosive growth afterward.
The stock traded between $0.06 and $1 from 1981 to 2000, gradually increasing to $3 by 2007. From then on, following the iPhone’s debut, Apple’s stock soared to a peak of $260 by December 2024.
As of today, Apple stock is at $210, representing a massive 6,900% gain from the $3 level it held before the iPhone’s release. Compared to the peak price, the gains are even more staggering, showing an 8,566% increase.
Apple stock price chart | TradingView
Will XRP Follow the Same Path?
Now, XRP influencers increasingly believe that XRP is in a similar “pre-launchpad” phase. Interestingly, if XRP were to follow a trajectory similar to Apple stock after the iPhone, the hypothetical price surge could send XRP from $3 to $260.
Some observers, like Amonyx, have boldly claimed that XRP will create more millionaires than Bitcoin. This perspective rests on the belief that XRP could one day surpass $10,000, delivering returns comparable to those enjoyed by early Bitcoin investors or long-term Apple shareholders.
Several factors are fueling this perspective, including the imminent approval of multiple XRP ETFs, the possibility of XRP playing a role in a future U.S. digital asset reserve, corporate firms adopting XRP as a treasury asset (similar to MicroStrategy’s Bitcoin strategy), and the resolution of Ripple’s lawsuit.
The crypto community has already seen how ETFs and corporate investments have significantly influenced prices. In parallel, the XRP Army is hopeful that a similar pattern could play out with their favored coin.
