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- 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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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, - 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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[Love] First: The differentiation is caused by the concentration of on-exchange funds. After the ETF is introduced, more Market Maker institutions will enter the encryption market, and they only recognize the leading cryptocurrency, which is caused by the concentration of on-exchange funds.
[Heart] Second: Currently, the funds in the market are not so abundant, with BTC's market capitalization accounting for 60%. There are too many altcoin varieties, and funds are currently unable to fully pump other mainstream altcoins.
[Heart]Thirdly: Will there be an alt season in this round of Bull Market? The answer is definitely yes. Without an alt season, how can there be a Bull Market? The Bull Market is not solely dominated by BTC. Based on historical trends, whenever BTC's Market Cap exceeds 60%, there will be capital outflows seeking refuge. At that time, more market maker institutions will seek better value-added space in the second stage of the Bull Market, and funds will flow into various altcoins. [Heart]A few months ago, I said the Bull Market had not ended, but you didn't believe me. On July 5th and August 5th, when I led people to Full Position catch the bottom, you didn't believe and called me foolish. Since February, I've been telling everyone that this round of Bull Market will definitely reach 82500/100500, but you still didn't believe. Now I'm telling you that in the short term, after the consolidation, the next target for BTC is 100500, and once it breaks through, we'll see 114000. You can continue not believing what I say, but you are responsible for yourself. You must seize the second stage of this Bull Market feast, as it has just begun. The alt season has not truly started yet.