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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,
This Altcoin Explodes to an ATH Following Support From Binance and Others: Details Here
TL;DR
The Perfect Setup
Avantis (AVNT) – a cryptocurrency which saw the light of day earlier this month – made the headlines today due to its substantial price increase. It exploded by 50%, reaching a fresh peak above $1.50 and later retracing to the current $1.30 (per CoinGecko’s data). The market capitalization, which was hovering at around $170 million on September 14, skyrocketed beyond $300 million.
AVNT Price, Source: CoinGeckoThe most likely catalyst driving the price up is the support from some of the biggest crypto exchanges. Earlier today, Binance listed AVNT with a seed tag, introducing the AVNT/USDT, AVNT/USDC, and AVNT/TRY spot trading pairs
It is important to note that this section comprises early-stage projects with high potential but also a bigger risk. That should serve as a warning to people willing to deal with such coins.
Shortly after, the company added AVNT to its Binance Simple Earn, “Buy Crypto,” Binance Convert, and Binance Margin programs.
Other popular exchanges embracing the cryptocurrency include the leading ones in South Korea – Upbit and Bithumb. The former introduced the AVNT/KRW, AVNT/BTC, and AVNT/USDT trading pairs, whereas the latter listed AVNT/KRW
The aforementioned platforms serve millions of clients, and their backing significantly enhances the token’s liquidity, accessibility, and visibility. It also strengthens its reputation, making the recent price rally anything but surprising.
More Gains Ahead?
Sometimes, price pumps caused by support from well-known exchanges are short-lived since a major bull run usually requires additional catalysts. However, some analysts believe AVNT can be among the exceptions, envisioning further spikes on the horizon. The X user Smith thinks the price may soon surpass $2.