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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,
J.P. Morgan has downgraded Circle's rating to "hold," expecting the stock price to fall to $80 by the end of 2026.
Odaily News JPMorgan analysts have begun to follow Circle (CRCL) stock, giving it a downgrade rating and setting a target price of $80 for December 2026. Analyst Kenneth Worthington pointed out that the forecast target represents a 55% decline from the current CRCL stock price of $180, based on an expected 45 times earnings per share (EPS) for 2027 plus a $10 pump potential premium. Given Circle's first-mover advantage and numerous use cases, it occupies a favorable position in the emerging stablecoin market, but its current market capitalization is already too high; if the target price for December 2026 is $80, it implies a market capitalization of about $21 billion. (Cointelegraph)