In the ever-exciting crypto world, former Ripple CEO Sean McBride’s recent prediction, combined with insights from CEO Brad Garlinghouse, about the future of Ripple (XRP) is generating a lot of excitement.
While the community waits anxiously, McBride talks of a possible XRP ETF in 2024 or 2025, and Garlinghouse hints at a Ripple IPO outside the US.
With these significant developments on the horizon, and considering Ripple’s current value, the question arises: Can Ripple reach the 1 euro milestone?
The Possible Launch of an XRP ETF
The crypto community may be on the cusp of a game-changing development with the predicted launch of an only significantly increasing the accessibility and liquidity of XRP, but also paving the way for institutional investors to participate in the Ripple market.
You will see a #XRP #ETF in 2024 or 2025. You will also see a #Ripple #IPO outside the US in 2025.
🙌🏻
— Sean McBride (@seanmcbride16) February 20, 2024
An XRP ETF would increase Ripple’s exposure to the financial markets, increasing the potential for greater adoption and appreciation. As the crypto ETF market grows, following the approval of spot Bitcoin ETFs by the US SEC, Ripple is poised to benefit from this trend.
The launch of an XRP ETF would mark a milestone for both Ripple and the broader crypto market, potentially leading to a new era of growth and innovation.
Ripple’s Strategic March to an IPO and Legal Fortitude
As Ripple prepares for a groundbreaking future, the company has its sights set on an Initial Public Offering (IPO) in 2025, possibly outside the United States. This ambitious move, suggested by Sean McBride and supported by CEO Brad Garlinghouse, marks a significant moment for Ripple, which is temporarily delaying its IPO plans in favor of compliance and regulatory involvement. The exploration of overseas jurisdictions for a possible listing highlights Ripple’s international strategic vision, despite current legal challenges.
Will we see a record setting #iPO for #Ripple after the Judges decision?
Listen to 25yr Wall St veteran discuss what a @Ripple iPO could look like,a 20x Valuation=$600+ Ripple share price? #RETWEET #XRPArmy
Credit: @LindaPJones pic.twitter.com/Ph7vdoeR0e— Digital PerspectivesPermaBull🪝 (@DigPerspectives) May 31, 2023
In the complex legal arena, Ripple maintains a proactive stance toward the SEC’s “regulation by enforcement” approach. Garlinghouse’s satisfaction with recent court decisions, which do not classify XRP as a security, reflects an optimistic view of the future. He sees potential for a resolution, either through SEC’s admission of defeats or legislative intervention.
Can Ripple become 1 euro?
Whether Ripple (XRP) can reach the $1 milestone remains a point of speculation amid its current market performance. With a recent value of $0.53835819 and a decline of -5.79% in the last 24 hours, XRP’s market cap of $29.37 billion shows a year-to-date decline of -12.06%. These numbers paint a challenging landscape for Ripple.
However, a look at the technical indicators reveals a mixed picture: the 50-day moving average shows a bullish trend with an upward slope, pointing to possible future gains. Nevertheless, the downward trajectory of the 200-day moving average since February 14, 2024 calls for caution as it signals a weak market trend.
This dynamic places Ripple at a crossroads, where both optimistic and cautious perspectives should be considered when considering whether XRP can break the 1 euro barrier. Besides XRP, there are also other emerging cryptos that are important to keep an eye on, especially those that are still in the presale phase.
Smog (SMOG)
Smog is an exciting new meme coin that plans to reward its community with what could potentially be the largest airdrop in history. By holding Smog tokens and completing missions through the zealy.io platform, you can get the most out of this airdrop.
A significant portion, namely 35%, of the total supply of Smog tokens is reserved for crypto airdrops, meaning more than 400 million tokens are being given away for free. Currently, these tokens are worth around $0.090 each, but they are expected to reach a new All Time High soon, possibly above $0.135.
Through the official website you can participate in the Smog airdrop and earn points by completing missions, resulting in more Smog tokens from the airdrop. You can buy $SMOG through the website itself and through the decentralized exchange, Jupiter. Get $SMOG on Solana for low trading fees or on Ethereum for staking, earning extra airdrop points and $SMOG.
Bitcoin Minetrix (BTC.MTX)
Bitcoin Minetrix introduces a revolutionary approach for crypto investors to mine bitcoins without the need for proprietary mining hardware or extensive technical knowledge. This is made possible by their BTCMTX token, which functions on the Ethereum network.
The special feature of Bitcoin Minetrix is the ‘Stake-to-Mine’ mechanism. By staking BTCMTX tokens, users can earn additional tokens and so-called mining credits. These credits represent tokenized mining rights, which can be exchanged for free hashing power to mine bitcoin.
Exciting news for the #Crypto mining industry! 🚀#PolarisTechnology unveils plans for a $100 million, 200MW data center in Muskogee, Oklahoma.
What opportunities do you think this development will bring to the local community?#BitcoinMinetrix has successfully raised more… pic.twitter.com/m6jQ29WJ1D
— Bitcoinminetrix (@bitcoinminetrix) February 20, 2024
Investing in BTCMTX, currently priced at $0.0136 per token, is not only considered a bet on the success of this particular token, but also reflects confidence in the future of bitcoin. This innovative model makes Bitcoin mining more accessible than ever before, resulting in Bitcoin Minetrix already raising over $11.2 million during its pre-sale.
Disclaimer: This article contains insights from independent authors and is not part of the editorial content of BitcoinMagazine.nl. This is not investment advice, please do your own research.
Source: https://bitcoinmagazine.nl/nieuws/insider-verwacht-xrp-etf-2024-kan-ripple-1-euro-worden
