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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,
A newbie investor who just entered the Crypto Assets market three months ago was introduced to the Pyth project by a fren. In just one week, he went from knowing nothing about the project to believing that Pyth has huge potential. This investor especially appreciates the pragmatic style of the Pyth project:
1. Clear project vision: Pyth not only focuses on the DeFi sector but also plans to expand into the $50 billion market data industry. This expansion is based on its already validated data capabilities in the encryption field.
2. Strong product practicality: Multiple private equity funds and securities companies are testing Pyth's institutional-grade products, demonstrating market recognition.
3. The token economic model is reasonable: PYTH token holders can earn returns through staking while also enjoying dividend rights.
During the in-depth research process, the investor discovered that Pyth is rapidly expanding its institutional client base and has recently established partnerships with two European market makers. Although he is aware of the high risks in the crypto market, he believes that projects like Pyth, which are recognized by institutions, have a clear profit model (subscription revenue), and strong token utility, are more trustworthy than those that rely solely on conceptual hype.
Based on these considerations, this newbie investor decided to adopt a cautious strategy and start making small regular investments in PYTH tokens. His experience demonstrates how new investors can quickly learn and adapt to the crypto assets market in a short period of time, and how to make investment decisions based on the actual value and development potential of the project.