Bitcoin Shatters Expectations by Reaching a New All-Time High of $108,000, Pushing Its Market Capitalization to $2.2 Trillion

This surge has reignited interest across the crypto sector, with investors exploring altcoins for potential gains.

Cryptocurrency prices have been highly volatile in recent times, with Bitcoin shattering expectations to hit a new all-time high of $111.8K, pushing its market capitalization to $2.2 trillion.

This surge has also sparked interest in the broader crypto sector, leading investors to explore altcoins for potential gains. Among large-cap coins, XRP has been a point of focus, registering a 4% increase today.

This uptick coincides with the launch of the first XRP Futures ETF on the Nasdaq, signaling growing institutional interest in the token.

What Is Fueling XRP’s Rise?

Volatility Shres has introduced the XRP Futures ETF (ticker XRPI) on the Nasdaq, marking the first US-based ETF focused on XRP futures. The fund aims to invest at least 80% of its net assets in XRP-linked instruments, providing investors with exposure to XRP’s price movements without directly holding the asset.

This launch could attract institutional investors, potentially increasing liquidity and interest in XRP.

This development follows the approval of Bitcoin Futures ETFs in 2021 and Ether Futures ETFs earlier this year, highlighting the evolving landscape of crypto investment products.

Furthermore, the US Securities and Exchange Commission (SEC) is expected to approve spot XRP funds later this year. Such approval would allow for ETFs to directly hold XRP, offering a more straightforward investment vehicle for those interested in the token.

This regulatory clarity could further boost investor confidence and demand for XRP.

Recent reports indicate a significant purchase of $237 million worth of XRP tokens, sparking speculations about large-scale investor activity. However, there are claims that the purchase was made in the past and that the whale is simply moving their assets to another wallet.

Moving on to current price action - with the current momentum, XRP trades near support levels around $2.40. Technical analysis suggests that breaking through the $2.50 mark could pave the way for further gains.

This could be possible in the coming months, given that XRP has broken out of the descending channel, which lasted for five months. The next price levels that have strong resistance are $3 and $3.3. A break of these levels during the summer could open the way toward the $5 price level in the final quarter of the year when the bull run is expected to peak.

Best Wallet Token Raises $12.5M in Presale, Best Altcoin to Buy?

As the market evolves, investors look beyond established tokens like XRP to deliver more gains. One emerging project that is gaining traction is Best Wallet Token (BEST).

BEST is the native token of the fastest-growing non-custodial crypto wallet, Best Wallet. As platforms like Coinbase suffer data breaches, Best Wallet is rapidly growing as an anonymous and highly secure alternative.

BEST holders get key benefits such as reduced transaction fees across Best Wallet products, higher staking yields through the Best Wallet staking aggregator, and voting rights to guide the project.

The most valuable feature, however, is the Upcoming Tokens launchpad, which gives holders access to vetted presales at Stage 0. The launchpad enables users to find and invest in tokens when their price is at its lowest.

One popular token that launched via the Upcoming Tokens page was Catslap. This fair launch meme coin returned 84x to investors who caught it early.

Presale investors can grow their holdings by staking their tokens for a dynamic APY of 116%. Moreover, during the presale, investors can buy the token at a discounted price with ETH, BNB, USDT, or a bank card.

With over $12 million raised in the presale and a fully working product, Best Wallet Token is one of the most promising new altcoins and could see big gains when it lists on exchanges later this year.