Hereâs Why The Bitcoin Price Is Crashing â The OGs Are Selling
Hereâs Why The Bitcoin Price Is Crashing â The OGs Are Selling
With the Bitcoin price falling below $110,000 and the crash continuing to deepen, some revelations have surfaced about why this is happening at this time. Fingers had initially pointed to the bearish macro headwinds as the crypto market got caught in the crosshairs. However, on-chain data shows that it may be much simpler than that, [âŠ]
Welcome to CoinFeedPro
Latest crypto news from key platforms. All in one place.
Todays Sentiment
Bullish
Latest news
- NEWSBTC
Valuation Model That Puts XRP Price Above $18,000 Stuns Community
Crypto pundit Jack has drawn attention to a valuation model that puts the XRP price at $18,000. This is based on the discounted cash flow model, which focuses on the XRP Ledgerâs utility and XRPâs role as the native token. Valuation Model That Puts The XRP Price At $18,000 In an X post, Jack revealed that the discounted cash flow model puts the XRP priceâs fair value at $18,036. He noted that the world is racing into tokenization and that the momentum is unstoppable. Based on this, he predicts that trillions of dollars in capital could flow into the XRP Ledger, powered by real-world assets (RWAs). Related Reading: XRP Price Performance In November: History Says Itâs The Most Bullish Month In History The valuation model showed that the XRP Ledger may be viewed as a âpipeline of value,â in which the value passing through the network can be thought of as cash flow in a traditional business system. This could then boost XRPâs utility, potentially putting the XRP price at $18,000. Interestingly, there is also the possibility of the XRP priceâs fair value being higher than $18,000 based on this discounted cash flow model. This could happen if economic growth rates are higher once crypto adoption spurs new businesses and economic models. These new businesses and economic models could lead to increased adoption for XRP and a subsequent price increase. Notably, crypto adoption, especially in traditional finance (TradFi), has been on the rise, boosting XRPâs adoption. This includes the launch of several XRP ETFs, which marks a positive for the XRP price. Meanwhile, Ripple has expanded its business with the surge in crypto adoption. This includes the acquisition of the prime broker Hidden Road, with the crypto firm already exploring how to include XRP products on the platform. Community Reacts To Price Prediction The valuation model for the XRP price sparked reactions among XRP community members. Community member XR noted that valuation models project extreme prices that often rely on perfect conditions that rarely exist. The community member added that tokenization on the XRPL may indeed bring large capital inflows, but asserted that it wonât dictate real value. Related Reading: Wave 3 Target Suggests That The XRP Price Is Headed For $10 Instead, XR declared that adoption, regulation, and liquidity depth will determine the real value of the XRP price. The community member further remarked that sustainable growth will always follow verified utility. Meanwhile, another community member stated XRP might not necessarily be used for the transactions even if trillions get transacted on the XRP Ledger. They added that XRP will be used to pay gas fees, but it wonât be the currency used for transactions. As such, trillions flowing into the XRPL may not have much impact on the XRP price. At the time of writing, the XRP price is trading at around $2.2, down over 4% in the last 24 hours, according to data from CoinMarketCap. Featured image from Freepik, chart from Tradingview.com
Top Crypto Exchange Expands To Latin America With Argentina And Brazil Market Entry
European crypto exchange WhiteBIT has revealed its expansion across Latin America following key registrations with Argentine regulators and its forthcoming launch in Brazil. Related Reading: SBF Seeks New Trial: Lawyers Argue FTXâs Founder Was âBlockedâ From Fair Defense WhiteBit Expands To Argentina And Brazil Crypto exchange WhiteBIT announced its upcoming dual-entry into the Argentine and [âŠ]
Bitcoin and Ether ETFs Bleed $797 Million as Solana Defies the Downtrend
Bitcoin and ether ETFs extended their losing streaks on Tuesday, shedding a combined $797 million, while solana ETFs once again defied market gravity, drawing in $15 million in new capital. Crypto ETF Flows Turn Red Except for Solanaâs $15 Million Surge The red tide in crypto exchange-traded funds (ETFs) showed no signs of easing as [âŠ]
Bitget Becomes First UEX to Integrate Morph Chain, Advancing Its Onchain Ecosystem
This content is provided by a sponsor. Bitget, the worldâs largest Universal Exchange (UEX), has officially become the first exchange to integrate with Morph Chain. That marked a major milestone in the expansion of its Onchain ecosystem. The integration enables users to trade all assets within the Morph ecosystem directly with USDT from their Bitget [âŠ]
American Bankers Association Pushes Treasury To Enforce GENIUS Actâs Stablecoin Interest Ban
The American Bankers Association (ABA), along with 52 state bankers associations nationwide, has submitted a letter to the US Department of the Treasury, urging an implementation of the GENIUS Actâs prohibition on interest for payment stablecoins. This letter responds to the Treasuryâs advance notice of proposed rulemaking concerning the countryâs stablecoin bill and underscores the [âŠ]