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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,
Experienced Crypto Analyst Explains the Event That Needs to Happen to Trigger the "Big Altcoin Season"!
Cryptocurrency analyst il Capo made a statement about the world's largest altcoin Ethereum (ETH) and the altcoin season in his latest evaluation.
Lately, ETH, which has been losing its dominance among altcoins and widening the proportional gap with Bitcoin, has been the subject of heavy criticism by the crypto community. In addition, the sales made by the Ethereum Foundation are also widely discussed as allegedly fueling the declines.
However, il Capo, who was previously a major bear analyst, is painting a more optimistic picture of Ethereum's future. According to the analyst, the support level between $2,800 and $3,000, previously predicted, has been broken. il Capo believes that the next support zone is between $1,900 and $2,200. According to the analyst, this zone could be tested in the near future, and a local bottom could form in this area once again.
On the other hand, the analyst reported that his main target is still the all-time high price level, and even mentioned that it is above $5,000. According to the analyst, such a move could trigger the altcoin season.