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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,
Citibank: Under a neutral assumption, Ethereum will fall to $4300 by the end of the year.
On September 16, Citibank released its latest forecast, predicting that under a neutral scenario, ETH will fall to $4300 by the end of the year, down from the current price of $4515. Citibank also provided a range forecast: it could rise to $6400 in a bull run scenario and may drop to $2200 in a Bear Market scenario. Citibank analysts stated that network activity remains the core driver of Ethereum's value, but most of the recent rise has come from layer two networks, with only about 30% of that being transmitted to the Mainnet, resulting in the current price being higher than the activity-based model level. (CoinDesk)