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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The total market capitalization of PRIDE coin is only $70,000 now, with a circulating market value of $10,000, and a total issuance of 100 million PRIDE coins, with no additional issuance mechanism. With investment from 3 companies, the low market capitalization and low coin price raise the question: if you are the project party or an investment company, would you sell when it hits the floor price? Or would you pump it before selling? A small scale could yield about 10 times, while a larger scale could exceed 100 times. With such a low market capitalization and coin price, it's not even a stretch to say it could reach around 10 times, let alone 100 times. Pumping it up and then selling would all be profit; think about it.