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An XRP community expert predicts the cryptocurrency could soar to $20,000, driven by deflationary supply and institutional adoption. With a limited supply and potential use as a bank reserve asset, increased demand from financial institutions could lead to significant price spikes, despite the need for a clear legal framework for widespread adoption. Currently, XRP is trading at $2.54, showing recent gains amid a market decline.
The SEC has approved combined Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, enhancing institutional access to these cryptocurrencies. The Hashdex Nasdaq Crypto Index US ETF and Franklin Templeton Crypto Index ETF received regulatory clearance, with the latter benefiting from an expedited review.Analysts suggest that upcoming leadership changes in Washington may have influenced these approvals, with a launch expected in January. Meanwhile, predictions indicate that Litecoin ETFs could be next, although demand among institutional investors remains uncertain.
Chad Steingraber
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
expert predicts xrp could soar to twenty thousand dollars per token
21:57 14.01.2025
SEC approves first combined Bitcoin and Ethereum ETFs amid market volatility
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