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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,
Recently, the heat in the crypto assets market seems to have cooled down. It is evident from the rise leaderboard that the highest increase is only about 40%, which stands in stark contrast to last week's increases of over 200%. This phenomenon may indicate that the market is about to enter an adjustment period of about half a month.
However, this adjustment may only be temporary. After this period, we are likely to welcome a new bull market. In this market environment, the investment strategy for BAKE coin is recommended to focus on short-term short selling. It is worth noting that when profits double, investors should take profits in a timely manner and avoid excessive greed.
In addition to BAKE, investors can also pay attention to potential coins such as MERL and ZORA. However, it is crucial to remain cautious and rational in the Crypto Assets market.
Meanwhile, the global macroeconomic environment is also changing. The expectation of interest rate cuts by the Federal Reserve is rising, which may have a certain impact on the Crypto Assets market. In addition, the spot gold price has reached a historic high, which also indirectly reflects the rising demand for safe-haven assets among investors.
There is analysis suggesting that, with changes in the market environment, the so-called 'altcoin season' may be approaching. However, investors still need to be cautious, as the volatility of the Crypto Assets market has always been high, and any investment decisions should be based on thorough research and risk assessment.