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Charles Hoskinson Says Bitcoin on Cardano Is Closer Than You Think

Mark Brennan
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Charles Hoskinson Says Bitcoin on Cardano Is Closer Than You Think

Cardano founder Charles Hoskinson revealed that integration of Bitcoin on Cardano will be demonstrated live at the 2025 Bitcoin Conference. 

This announcement has triggered massive interest in the crypto community, as the integration marks a crucial step towards bridging two of the most influential blockchain ecosystems.

A Vision for Seamless Blockchain Interaction

For some time, speculation about the possibility of Bitcoin’s native functionality on Cardano has circulated. With Hoskinson’s confirmation, this once-theoretical integration is now becoming a reality. 

This information came during a live stream last December, where he presented insights into Cardano’s plans. He specifically highlighted active coordination with wallets and external protocols to enable the integration.

He emphasized that the integration process does not require any formal governance proposal or community vote, as it aligns with Cardano’s broader roadmap.

This decentralized approach, according to him, allows the development teams to move quickly and independently, accelerating interoperability features. Notably, Hoskinson made it clear that the initiative is being driven by technical teams and ecosystem partners.

Cardano’s focus on scalability and sustainability, supported by peer-reviewed research, has set the foundation for this major development. The integration seeks to leverage Bitcoin’s robust security features while expanding Cardano’s ecosystem through enhanced interoperability.

By enabling Bitcoin to interact with Cardano, the initiative promises to provide enhanced cross-chain capabilities, potentially making it easier for decentralized finance (DeFi) applications and assets to flow seamlessly between networks.

Trustless Bridges and Layer 2 Solutions

Hoskinson has long advocated for a multi-chain future, and the integration is a product of this vision. As mentioned in his interview with Scott Melker, one of the key elements of this development is the creation of a trustless, recursive bridge between Bitcoin and Cardano. 

This will allow both networks to interact, with Bitcoin serving as a secure anchor for transactions while Cardano handles smart contract execution and DeFi operations.

Additionally, Cardano’s Hydra Layer 2 solution will help in improving transaction speeds and lowering costs. The Layer 2 solution, when combined with Bitcoin’s Lightning Network, will address the challenges of high transaction fees and slower speeds typically associated with Bitcoin.

Enhancing Interoperability with Other Blockchains

Hoskinson’s vision for this integration also includes improving Cardano’s role as a central hub for cross-chain interoperability. While Bitcoin may not seamlessly interact with other blockchains like Ethereum or Solana, Cardano could bridge these gaps, enabling the transfer of assets and liquidity between various networks.

Meanwhile, Cardano’s Midnight project would look to further enhance privacy features. With plans for private Bitcoin transactions, Midnight will also provide tools for legacy system integration and real-world asset tokenization.

Key Cardano Contributor Donates $460,000 in ADA to the Treasury Following New Feature Launch

Elendu Benedict
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Key Cardano Contributor Donates $460,000 in ADA to the Treasury Following New Feature Launch

A key developer in the Cardano network has received accolades for his transparency and recent $460,000 in ADA donation to the ecosystem’s treasury.

The donation particularly caught the attention of Cardano proponents due to its origin and the manner in which the donor made the move. Sebastien Guillemot, one of the biggest contributors to the Cardano ecosystem and co-founder of Palma Studio and dcSpark, announced yesterday that he has donated thousands of ADA to the Cardano Treasury.

Specifically, he and his firm bought and transferred 685,165 ADA to the community-managed Cardano Treasury in a move perceived as bullish for the long-term sustainability of the ecosystem. In a tweet, Guillemot provided further details of the $460,000 worth of donations, noting that $400,000 was a loan and $60,000 was accumulated interest.

Further Details of the Treasury Donation

The dcSpark co-founder noted that he acquired the donated tokens a few days back at an average cost of $0.67. However, the ADA’s worth in dollars has depreciated after Cardano plummeted to $0.58 because of the global market’s sideways trend.

Nonetheless, Guillemot emphasized his focus on supporting the course of the Cardano ecosystem through the donation. For him, the positive impact of acquiring ADA and adding to the ecosystem’s treasury superseded the decline.

Meanwhile, the Cardano developer had intended to add his quota to the Treasury a long time ago. However, due to apparent impediments, he has not done so. Nevertheless, he calculated the accrued interest monthly on a 6% APY basis for fairness, culminating in the $60,000 added to the donation.

New Feature Enabled Treasury Donation

Interestingly, the donation was possible due to the recently launched treasury donation feature on the Cardano ecosystem. For context, Cardano’s entrance into the Conway era allowed interested parties to donate directly to the treasury through preset steps.

Meanwhile, the developer announced that dcSpark has published a new version of its Cardano Rust SDK on GitHub. The upgrade allows users to donate seamlessly to the Cardano Treasury through the platform, further empowering the ecosystem.

Notably, the Cardano Treasury has amassed massive amounts of ADA in its five-year history. According to Cexplorer, the community-managed ecosystem wallet contains over 1.72 billion ADA, worth $1 billion at the current market price.

Bitcoin Struggles at $80K: Can a Double-Bottom Reversal Save the Day?

Albert Brown
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Bitcoin Struggles at $80K: Can a Double-Bottom Reversal Save the Day?

Bitcoin fluctuates near $80k amid rising bearish sentiment. Will this recovery nullify the double-bottom reversal possibilities?

Following Monday’s massive sell-off, global markets are witnessing a quick turnaround, mirroring Bitcoin’s price rebound. After hitting a low of $74,434, the BTC price has experienced a swift bounce-back.

With the lower price rejection, Bitcoin reached a 24-hour high of $80,836. However, the struggle continues to sustain the crucial $80,000 mark due to significant overhead supply.

Currently, Bitcoin trades at a market value of $79,597, struggling for a double-bottom reversal. Will this bullish struggle lead to a bounce-back above the $82,000 mark?

Bitcoin Price Holds Above $75k, Bulls Target $82k Breakout

On the daily chart, Bitcoin’s price trend shows bullish support above a crucial support level. The price zone extends from $75,637 to $76,462, coinciding with the 50% Fibonacci level near $75,500.

The bounce-back suggests a potential extended recovery as buyers maintain dominance at this crucial support. However, due to intense overhead supply, the uptrend fails to reach the 61.80% level at $81,855.

Bitcoin Price Chart
Bitcoin Price Chart

The long wick formation in the intraday candle reflects buyers struggling to maintain momentum. Additionally, due to the prevailing downturn, the 50-day and 200-day simple moving average lines have given a negative crossover, signaling a “death cross” and triggering a sell signal for price action traders.

However, the underlying support for BTC at the 50% Fibonacci level leads to a lower price rejection, hinting at a double-bottom pattern. The daily RSI line supports the possibility of a double-bottom reversal with a minor bullish divergence. Thus, technical indicators and price action analysis suggest a double-edged situation for Bitcoin.

Bitcoin ETFs Daily Outflow Crosses $100M

As fear grips the market, Bitcoin ETFs recorded an outflow of more than $100 million on April 7. The daily total net inflow stood at $109.21 million, with 6 Bitcoin ETFs recording net outflows.

The remaining six ETFs maintained net zero outflows. Grayscale recorded the largest outflow, $74.01 million, followed by Invesco, $12.86 million. The other four ETFs experienced outflows of less than $7 million.

Bitcoin ETFs
Bitcoin ETFs

Will Bears Crash Bitcoin Amid Rising Short Positions?

The surge in volatility is also shaking up the Bitcoin derivatives market, with massive fluctuations in underlying sentiment. Massive liquidations have dropped Bitcoin’s open interest to $51.35 billion, marking a 0.99% drop in the past 24 hours.

However, the funding rate remains positive at 0.0021%. Despite this, short positions have significantly increased over the past 12 hours.

BTC Derivatives
BTC Derivatives

According to the Bitcoin long-to-short ratio chart, short positions have risen from 49.21% to 51.73%. This drop in the long-to-short ratio to 0.9331 signals a bearish sentiment.

As a silver lining, over the past 24 hours, long volume has increased by 34% to reach $98.11 billion, while short volume remains at $97.43 billion, suggesting a significant recovery.

Bitcoin Long/Short Chart
Bitcoin Long/Short Chart

Should You Buy the Dip in Bitcoin?

The increased volatility in Bitcoin prices due to Donald Trump’s tariffs has increased uncertainty in the financial and crypto markets. Currently, the BTC price action analysis suggests a potential double-bottom reversal.

However, technical signals and the derivatives market point to the possibility of an extended correction. Hence, as Bitcoin fluctuates between the 50% and 61.80% Fibonacci levels, it marks a no-trading zone.

A decisive close beyond this range will trigger an entry opportunity for traders. In the case of a bullish breakout, the 78.60% level signals upside potential toward nearly $92,000. However, an extended correction will likely test the $70,000 mark.

Mike Novogratz’s Galaxy Digital Receives Green Light for Nasdaq Listing

Albert Brown
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Mike Novogratz’s Galaxy Digital Receives Green Light for Nasdaq Listing

Galaxy Digital Holdings has secured approval to directly list on the Nasdaq stock exchange.

The crypto conglomerate led by billionaire Michael Novogratz announced that the U.S. SEC has approved its registration, allowing it to move its operations from the Cayman Islands to Delaware.

Trading will begin shortly after a special shareholder meeting scheduled for May 9. Pending approval from shareholders and the Toronto Stock Exchange, Galaxy Digital will trade under the ticker symbol GLXY.

Direct Listing Marks a Key Milestone

Having previously traded on the Toronto Stock Exchange, Galaxy Digital has long aimed to list on a U.S. exchange. The company, which provides a wide range of services, including trading and asset management, sees this move as a major step in its expansion.

The decision to list on Nasdaq reflects the growing intersection of digital assets and artificial intelligence infrastructure, in which Galaxy seeks to drive innovation.

Novogratz, Galaxy’s CEO and founder, emphasized the significance of this milestone for the company as it moves closer to completing the transaction within the current quarter.

The listing marks a significant change for Galaxy Digital, which has been operating in Canada but has increasingly targeted the U.S. market.

The direct listing on Nasdaq will allow it to raise its profile among American investors and further solidify its position in the evolving crypto sector. Galaxy’s future on the Toronto Stock Exchange remains intact, as the company plans to continue its listing in Canada.

Galaxy Digital Settles Landmark Case

In addition to its upcoming Nasdaq listing, Galaxy Digital has faced legal challenges related to its promotion of the now-defunct LUNA token. In March, the company agreed to pay a $200 million settlement over allegations that it offloaded its holdings of LUNA without proper disclosure. 

According to the New York Attorney General’s Office, this violated anti-fraud laws. Galaxy and Novogratz played a key role in promoting the Terra ecosystem, which ultimately collapsed. The legal proceedings centered around Galaxy’s involvement in LUNA’s rise and fall.

4 Signs of Strength XRP Must Show for a Breakout Toward the $5 Fibonacci 1.618 Level

Sam Wisdom Raphael
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4 Signs of Strength XRP Must Show for a Breakout Toward the $5 Fibonacci 1.618 Level

A prominent market watcher has called attention to four signs that indicate XRP is gaining enough strength to break out from the current bearish phase.

Notably, despite a sharp decline in the U.S. stock market due to Donald Trump’s announcement of reciprocal tariffs on nearly every country, the stock market and broader crypto market continue to fall.

Four Signs of Strength for XRP

Renowned market analyst EGRAG Crypto has issued a short-term roadmap for XRP, outlining four levels the asset must surpass to confirm a decisive breakout from the current bearish phase, potentially reaching the $5 mark. 

According to EGRAG, the first sign of strength will come if XRP closes above $2.24, which aligns with the 21-day exponential moving average (EMA). However $2.24 Now seems far away as XRP is currently trading at $1.90. For context, breaching this initial hurdle would indicate a change in market momentum from bearish to bullish and suggest growing confidence.

XRP 1D Chart EGRAG Crypto
XRP 1D Chart | EGRAG Crypto

Following that, the second crucial level is $2.30, which corresponds with the Fibonacci 0.382 retracement level. Meanwhile, the third major signal would be a close above $2.47, aligning with the Fibonacci 0.5 level. 

The fourth and most important level is $2.70. This price point intersects with a yellow trend line on EGRAG’s chart and aligns with the Fibonacci 0.618 level, which many traders consider a decisive resistance zone.

EGRAG noted that breaching this threshold could lead to a massive breakout and set the stage for a new all-time high. He also projects a potential price target near the Fibonacci 1.618 extension, placing XRP in the $5 range if momentum continues.

XRP Remains in a Strong Position

In addition to EGRAG’s commentary, other prominent analysts have discussed XRP’s current state. Dom, a known order book analyst, observed strong buying activity on Binance. He noted that unidentified entities have been consistently placing large buy walls just below local lows, particularly around the $1.90 range. 

This behavior suggests an interest in defending the $1.90 price level. Dom also pointed out that Coinbase has bought more XRP than it has sold in the past 24 hours, adding to buying pressure.

Meanwhile, Ali Martinez is still advising caution. He recently identified a head and shoulders pattern, warning that it still signals a potential move back down to $1.30. Essentially, this means that while XRP is currently performing well, there are still risks on the chart that market participants should watch out for.

XRP Head and Shoulders Ali Martinez
XRP Head and Shoulders | Ali Martinez

However, Korean Certified Elliott Wave analyst XForceGlobal is more bullish. He highlighted that XRP’s ability to hold above $1.00, let alone stay firm above $2.00, is remarkable compared to most other assets in the market. 

According to him, this kind of price stability is rare and highly favorable, noting that even if XRP dips into the $1 range, as Martinez has suggested, its long-term bullish outlook would remain intact. Currently, XRP changes hands at $1.90.

XRP Could Pump 1,000% to $17 or 2,700% to $45 This Cycle, Despite Recent Crash: EGRAG CRYPTO

Sam Wisdom Raphael
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XRP Could Pump 1,000% to $17 or 2,700% to $45 This Cycle, Despite Recent Crash: EGRAG CRYPTO

A notable market analyst insists XRP is still in bullish territory, expecting the asset to either pump 1,000% or 2,700% after the recent crash.

For context, the broader crypto market witnessed a bloodbath over the weekend, which extended into the new week. Particularly, the total crypto market cap lost over $180 billion on Sunday, April 6, amid a 6.87% intraday loss. Despite a meager 0.61% gain the next day, most assets, like XRP, saw massive slumps.

XRP Still in Bullish Territory

Notably, XRP dropped 10.39% on Sunday, then collapsed to a 5-month low of $1.61 the next day. The asset recovered from the $1.61 floor but still nursed a loss of 1.32% on Monday. However, amid the bloodbath, analyst EGRAG Crypto believes XRP is still in bullish territory.

In a recent commentary, the market watcher confirmed that price slumps such as this had occurred during previous bullish phases. Nonetheless, historical data indicates that XRP has always recovered from these price declines, eventually surging to greater heights.

Specifically, he called attention to the 2017 and 2021 bull runs, highlighting similarities between both market phases and the current period. This was his attempt to prove that the recent market crash was a normal one and should not be a cause for concern. 

Historical Performance

According to EGRAG, in 2017, XRP witnessed a massive 73% crash from its peak to local bottom. As the asset observed this correction, it retested the support at the 200-day moving average (MA) a few times and even slumped below the dynamic support by as much as 25%.

XRP 1D Chart EGRAG Crypto
XRP 1D Chart | EGRAG Crypto

Further, a similar bearish pattern emerged in 2021 despite the bull run then. Notably, during this period, XRP collapsed 78% from its top to a floor price and then retested the 200-day MA support multiple times. Amid the retests, XRP dropped 42% below the 200-day MA. 

Interestingly, in each of these instances, XRP saw a recovery push that allowed it to recoup the losses from the bloodbath. For instance, in 2017, the asset surged by up to 2,700%. Meanwhile, in 2021, it recorded an impressive 1,000% pump. 

XRP Could Rally 2,700% or 1,000%

As the latest market crash emerged, XRP observed a slump similar to the 2017 and 2021 declines. As a result, the asset is now retesting the support at the 200-day MA (currently at $1.85). During the panic on Monday, XRP’s crash to $1.61 marked a 13% drop below the 200-day MA.

Despite recovering above the support, XRP is still dangerously close to this price level. Notably, in a previous report, EGRAG had suggested that a retest of this moving average could emerge during a downturn. Now that this forecast has materialized, he believes a pump could occur after the market recovers.

According to EGRAG, XRP could mirror the 2017 run and rally 2,700% or repeat the 2021 surge and pump 1,000%. To put things into perspective, a 2,700% increase from the $1.61 local bottom translates to a target price of $45.1. Meanwhile, a 1,000% rise from $1.61 would lead to a price of $17.7.

EGRAG noted that XRP is still capable of engineering an impressive run in this bull season if the asset does not witness a death cross, which would see the 50-day MA cross below the 200-day MA. Currently, XRP trades for $1.90, with the 50-day MA now at $2.31 and the 200-day MA sitting at $1.85.

Here is Why You Need to Hold At Least 2,500 XRP to be Among the Top 10 on XRP’s Rich List

Sam Wisdom Raphael
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Here is Why You Need to Hold At Least 2,500 XRP to be Among the Top 10 on XRP’s Rich List

Analysts have pointed to several factors that could contribute to an XRP price explosion as investors push to secure a spot within the XRP rich list.

XRP has been at the forefront of major discussions amid its potential and its surprising run from last November to January 2025. With recent developments signaling a potential breakout, several key factors could propel its price to new heights. 

As a result, market commentators like Edoardo Farina have suggested that investors hold a substantial amount of XRP to ride on the projected run. For instance, Farina argued last December that investors who do not hold at least 10,000 XRP are making lifetime mistakes.

However, data from XRP’s rich list indicates that even those who cannot afford 10,000 XRP right now have a chance to make it to the top 10 richest addresses by procuring just 2,500 XRP. Farina also confirmed this in January but highlighted the situation when investors needed 2,600 to enter the coveted list.

Now, with just 2,500 required to become a top 10 XRP holder, investors can secure a seat with $4,500 as XRP changes hands around $1.8. Interestingly, only 635,552 accounts are in this tier of addresses. Most believe these wallets could see their investments skyrocket if XRP sees a run.

XRP Top 10
XRP Top 10

However, the asset might need a few triggers to secure such an explosive rally. As a result, The Crypto Basic recently spotlighted several factors that could serve as such triggers.

XRP ETFs Gain Traction

Asset managers are racing to launch XRP-based exchange-traded funds. Companies like Bitwise, Canary Capital, 21Shares, WisdomTree, and CoinShares have filed applications with the U.S. Securities and Exchange Commission to introduce these financial products. 

For instance, WisdomTree submitted its proposal in December 2024, partnering with Bank of New York Mellon, while Grayscale is looking to transform its XRP Trust into an ETF. 

Ripple’s CEO Brad Garlinghouse predicts these ETFs will debut in the second half of 2025, a timeline bolstered by the SEC’s decision to abandon its appeal against Ripple last month. 

This regulatory green light has triggered confidence, with JPMorgan analysts suggesting that XRP ETFs could attract billions, mirroring the success of Bitcoin and Ethereum funds. Notably, increased institutional investment through these vehicles could drive demand, pushing XRP’s price upward.

XRP Secures a Spot in the U.S. Digital Asset Stockpile

President Donald Trump confirmed XRP’s inclusion in the U.S. strategic digital asset stockpile via a social media post in March 2025. This followed an executive order in January 2025 establishing a working group to oversee a national digital reserve. 

The government’s stance on XRP, which serves as an official endorsement, could boost investor confidence, indicating XRP’s legitimacy and utility. This may translate to higher buying pressure and a price surge as market sentiment strengthens.

Ripple IPO Speculation Heats Up

Talk of a Ripple initial public offering continues to swirl, though the company has noted that it prioritizes organic growth over an immediate listing. 

Last October, Ripple’s CEO described an IPO as a future possibility but emphasized that the firm’s robust financial health does not make going public a priority. He had previously dismissed the prospect but noted that they could change their mind if the regulatory atmosphere improves.

The resolution of the SEC lawsuit in 2025 and the current pro-crypto administration have removed a major barrier, fueling speculation that Ripple might indeed pursue a public offering to capitalize on its momentum. 

An IPO could boost Ripple’s visibility, draw institutional investors, and increase XRP’s prominence in the financial ecosystem. Should Ripple go public, the greater attention and capital could impact XRP’s price.

RLUSD Adoption Strengthens XRP’s Ecosystem

Ripple’s stablecoin, RLUSD, launched in December 2024 with approval from the New York Department of Financial Services, has quickly gained prominence within crypto circles. 

This month, its market cap climbed to $294 million, ranking it among the top stablecoins. Also, The Crypto Basic recently confirmed that Ripple had integrated RLUSD into its cross-border payment platform. 

Notably, this dual-asset approach, which leverages XRP and RLUSD, strengthens the XRP Ledger, as RLUSD transactions burn XRP fees, potentially reducing supply over time. Growing enterprise adoption of RLUSD could draw more users to the ecosystem, and this could increase XRP’s utility and demand.

These Four Altcoins Could Be Next Hidden Gems

PR DESK
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These Four Altcoins Could Be Next Hidden Gems

As the bullish trend gathers steam, some lesser-known cryptocurrencies are capturing the attention of savvy investors. These digital assets, often overlooked, are seeing a quiet yet steady accumulation by major players in the crypto world. Among these emerging opportunities, a new meme coin is making waves and gaining traction. This article delves into the specifics of these promising coins and the factors driving their appeal to big investors.

Catzilla: A Play-to-Earn Meme Coin With Real Utility

Catzilla is a meme coin project designed to bridge entertainment, community, and real utility through a play-to-earn model. Inspired by anime and kaiju culture, it aims to go beyond short-lived meme trends by offering users a platform that is both engaging and functional.

At its core, Catzilla is built for sustainability. Unlike many meme coins that rely solely on social media buzz, Catzilla integrates a clear economic model with practical use cases that support long-term adoption.

What Makes Catzilla Different?

  1. Play-to-Earn Gaming
    Catzilla plans to introduce a game where players can earn rewards through participation and achievements. This not only adds utility to the token but also gives it a consistent user base as the game develops and grows.
  2. Multi-Stage Presale Structure
    The presale is divided into 14 stages, starting at $0.0002 and increasing gradually to $0.0016. This approach encourages early participation while building value over time in a transparent, predictable way.
  3. Built-In Utility
    The $CATZILLA token supports several core functions within the ecosystem:
  • Staking: Users can earn passive rewards by locking their tokens.
  • Governance: Token holders will have a voice in future decisions related to the platform.
  • Incentives: Active users and community members can earn additional rewards for their contributions.

Designed for Long-Term Growth

Catzilla is focused on creating an ecosystem that lasts. Its combination of meme-driven appeal and actual utility gives it a better foundation than most short-term meme coins.  

Catzilla is worth keeping an eye on for those interested in a meme coin that offers more than just memes. With a structured rollout and clear utility, it successfully balances fun and function.

Algorand on the Verge of a Breakout: Will ALGO Soar or Stumble?

Algorand (ALGO) has been trading between $0.17 and $0.21. Seeing a 35.8% rise over the last 6 months shows it still has potential. ALGO’s nearest resistance level is $0.23, and breaking it could drive a rally toward the second resistance at $0.27. This means a potential 28% increase from the current price. With a 10-day Simple Moving Average at $0.17 being close to support, ALGO may be poised for a bounce back. The RSI at 36.49 is showing it’s not yet overbought, leaving room for upward movement. However, cautious optimism should be maintained as recent trends show a price dip of over 27% in the past month.

Sei (SEI) Struggles but Eyes Growth Beyond $0.20

Sei (SEI) is currently priced between $0.16 and $0.20, showing a downward trend. The coin has seen a drop of over 20% in the past week and nearly 30% over the last month. Despite this, Sei has potential if it can break through the $0.23 resistance level. Breaking this barrier could lead to a surge towards $0.28, indicating a possible increase of over 40% from the current range. The relative strength index is 40.28, suggesting the coin is oversold but might soon bounce back. Stochastic levels are low, hinting at a possible reversal. If Sei maintains above the $0.15 support, it might lead to the optimism of an upcoming altcoin season.

Ethena (ENA) Ready for a Breakout Despite Current Decline

Ethena (ENA) is showing promise despite recent price declines. Currently in the $0.34 to $0.42 range, it faces resistance at $0.48, with support at $0.30. A dip of over 25% this week may worry some, but a low RSI of 33.24 suggests it’s oversold, hinting at a potential rebound. The 10-day moving average is under the 100-day, which isn’t great, but there’s hope. If bulls step in, ENA could rally first to $0.48, then aim for the $0.56 mark. Enthusiasts eyeing altcoin season might see this as a chance for a near 37% gain from current levels if it breaks resistance and momentum strengthens.

Conclusion

As the crypto market builds momentum, these four altcoins Catzilla, Algorand, Sei, and Ethena, stand out as high-upside opportunities quietly gaining attention. However, Catzilla stands out as the most compelling opportunity among these hidden gems. With its unique fusion of meme culture, anime-inspired design, and real utility through play-to-earn gaming, staking, and governance, Catzilla offers far more than just hype it’s building a full-fledged ecosystem designed for long-term success.

Learn more about Catzilla ($CATZILLA):

Website

Twitter

Telegram Chat

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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.

History Shows XRP Could Still Create Millionaires Despite Dip to $1.64

Abdulkarim Abdulwahab
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History Shows XRP Could Still Create Millionaires Despite Dip to $1.64

While XRP and the broader crypto market are experiencing a historic sell-off with depressing prices, historical data paints a promising future.

Today, the price of XRP dropped to $1.64 for the first time since November 2024. The fall marks a massive one-day drop of 22% from the $2.10 level. Bitcoin also dipped to $74K, representing a five-month low.

The latest bearish turnaround further worsened Ethereum’s position. It has now dropped by 60% in the last 90 days alone, crashing to $1,400, a low not seen since early 2023.

As the sell-off intensifies, influential figures in the crypto community urge market participants to resist the temptation to panic-sell and consider the market in its historical context.

Historical Crisis Period That Made XRP and Bitcoin Holders Millionaires

In a tweet, Good Morning Crypto host Abdullah Nassif drew attention to the market turmoil of the 2019 COVID era. He pointed out that Bitcoin bottomed at $3,850 during the market tension at the time. Likewise, Ethereum traded as low as $100, while XRP was at $0.11.

According to him, within a few years, these tokens saw their prices soar dramatically and went on to make steadfast holders millionaires.

Indeed, since Bitcoin touched $3,850 that year, it has never been seen at that low point, even after a bear market cycle. The price soared to as high as $69K at the peak of the 2021 cycle and $110K at the peak of this cycle.

This represents a 1,700% surge and a 2,757% surge in both cycles. In perspective, someone with $40,000 invested in Bitcoin in 2019 could have seen their holding worth over $1 million in January 2025.

Likewise, a similar success story occurred with XRP. XRP has not traded at $0.11 since March 2020, even after the SEC brought a lawsuit against it. Since then, XRP’s price has improved to $1.96 at the peak of the 2021 season and $3.40 this season.

This means a notable growth of approximately 30X. A $40,000 investment in XRP as of 2020 would have been worth over $1.236 million as of January 2025.

Can XRP Still Make Millionaires?

Currently, the global market is undergoing another crisis impacting investor sentiment. However, given these historical contexts, pundits believe that in a few years, the panic about the present values of XRP and other crypto assets could become irrelevant. They expect them to improve substantially.

Community member Bunny expressed a similar optimism. He noted that making new investments during crises takes guts, but history shows that they often reward one handsomely.

Notably, if XRP engineers another 30X growth from here, those holding $40,000 worth of XRP (or 22,500 XRP at current prices) could see their portfolio cross the million-dollar threshold. This would imply a unit price of over $50.

XRP Investments Defy Market Trend with Major Inflows While Bitcoin Sees Massive $207M Drain

Albert Brown
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XRP Investments Defy Market Trend with Major Inflows While Bitcoin Sees Massive $207M Drain

Crypto asset investment products experienced significant outflows last week, totaling $240 million, with XRP deying the trend.

The pullback comes amid concerns about U.S. trade tariffs, which have raised fears over potential economic slowdowns. Despite this, according to CoinShares’ data, total assets under management (AUM) remained relatively stable at $132.6 billion, reflecting a modest 0.8% increase from the previous week. 

Bitcoin and Ethereum Lead the Outflows

Notably, the bulk of outflows last week stemmed from Bitcoin, which saw $207 million in withdrawals. This brings total year-to-date inflows for Bitcoin to $1.3 billion, despite the recent decline.

Ethereum also saw notable outflows, with $37.7 million withdrawn last week, contributing to a $51.5 million outflow for the month.

Flows by Assets
Flows by Assets

Meanwhile, Solana experienced more modest outflows of $1.8 million last week and a $1.1 million outflow over the month.

On the other hand, XRP saw inflows of $4.5 million for the week, although its month-to-date flows were negative at $2.1 million. These fluctuations prove differing investor sentiments toward various digital assets.

Major Provider Outflows

Among the key players in the market, the iShares ETF faced significant outflows, with $56 million pulled last week and $71 million over the month to date. 

Grayscale Investments saw the largest outflow of $95 million. Meanwhile, Fidelity Wise Origin Bitcoin Fund was an exception, seeing a modest $10 million inflow, contrasting the overall negative sentiment in the market.

In addition, ARK 21 Shares reported an outflow of $20 million, though it continues to show strength with a year-to-date inflow of $146 million. Other smaller players, such as Bitwise Funds Trust, ProShares ETFs/USA, and CoinShares XBT Provider AB, also saw outflows on a smaller scale.

Flows by Provider
Flows by Provider

Regional Flow Trends

Regionally, outflows were widespread, with the U.S. and Germany seeing the largest withdrawals, $210 million and $17.7 million, respectively. In contrast, Canadian investors appeared more optimistic, with $4.8 million in inflows during the same period. 

This pattern suggests that while market conditions remain challenging, some regions may be seizing opportunities to increase their digital asset holdings.

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