🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 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,
Recently, the discussion in the Crypto Assets market has focused on the Fed's possible interest rate cut decision. However, we need to realize that merely following the interest rate cut may overlook more important market impact factors. In fact, the uncertainty of geopolitical situations is the biggest potential risk faced by the current market.
The turbulence in the international situation and the fluctuations in China-U.S. trade relations may have a far greater impact on the market than the effect of interest rate cuts. Even if the Fed decides to cut rates by 25 or 50 basis points, it cannot guarantee that the price of Bitcoin (BTC) will necessarily rise. The market's short-term reaction may be more driven by emotional factors rather than substantial changes in the fundamentals.
It is worth noting that the inflow of large amounts of funds into the Crypto Assets market is usually a gradual process and does not occur suddenly due to a single event. Investors should remain vigilant, as significant market shocks often happen when people least expect them.
Although well-known investors like Michael Saylor may suggest increasing their BTC holdings, individual investment decisions should be based on comprehensive market analysis rather than merely following the actions of others. Other Crypto Assets like Ethereum (ETH) are also similarly affected by these macro factors.
Overall, when considering investments in Crypto Assets, we need to comprehensively assess various influencing factors and not overly rely on a single event or expectation. Maintaining a rational and long-term investment perspective is essential to succeed in this uncertain market.