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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 now only $70,000, with a circulating market cap of $10,000 and a total issuance of 100 million PRIDE coins. There is no additional issuance mechanism, and three companies have invested. With such a low market cap and coin price, would you, as the project party or an investment company, sell at the Floor Price? Or would you pump it up a bit before selling? A small scale could yield around 10 times, while a large scale could exceed 100 times. With such a low market cap and coin price, it's safe to say that it can definitely reach around 10 times, if not 100 times. Pumping it up before selling would mean all profits. Think about it.