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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,
Yesterday, my operation with ASP might have been a bit hasty, as I sold everything around 20. Today, seeing that it still maintains strong momentum, I realize that this rise trend may continue for a while. Nevertheless, I also understand that there are many market opportunities, and being overly attached to a single project might lead to missing out on other good chances.
The recent small profits from ASP have increased my confidence in my judgment and made me more patient. I firmly believe that patience will eventually pay off, and it is especially important to stick to my analytical judgment.
Regarding the Forest project, there have been some pullbacks. I was optimistic about this project early on, but unfortunately, not many people paid attention at that time. I personally do not hold much; I previously held 8,000 tokens and made a small profit when I exited, and now I still have 10,000 staked.
Analyzing the investment logic of Forest: First, it has gained exclusive TGE IDO support from BN, indicating a high level of recognition from BN. Second, the team background also looks quite good. Furthermore, with a currently low market value, it is worth paying attention to whether this gaming project can revitalize the BSC ecosystem in a bullish market.
The design of the Forest ecosystem is very unique, and all profits will be used to repurchase Forest tokens. The key is how high it can reach? This is an investment opportunity that combines risks and opportunities.
It is said that Forest will launch in October, and it is worth looking forward to how the market will react then. Can the success of the Pump and Form projects carry over to Forest? My analysis suggests that reaching a circulating market value of 10 million for Forest should not be a problem.
As an innovative application, the best entry point may have been missed by the time everyone is widely discussing it. Investment requires foresight and careful judgment, so it might be wise to stay informed and make a timely layout.