JPMorgan Analysts Say Solana and XRP ETFs Could Pull In Billions, But Investors Are Tipping This Crypto For Bigger Gains
A new analysis from JPMorgan suggests potential Solana and XRP ETF approvals could inject as much as $14 billion into the crypto market, boosting the prices of these tokens.
This projection, shared by VanEcks head of digital assets research Matthew Sigel, is based on market penetration rates similar to existing Bitcoin and Ethereum ETFs, which currently stand at 3-6% of their total market caps.
However, many experts and investors see Rollblock (RBLK) presale as having greater potential. This article explores why.
Why Rollblock is at the top of crypto investment lists
It is rare to see a new crypto project shoot to the top of investment lists and draw the attention of market bigwigs. Rollblock manages to do this by injecting revolutionary impetus into the GambleFi market, a rapidly expanding sector of the crypto and iGaming space.
Rollblock disrupts this market by offering transparency and provably fair gaming models, features that are rare to come by in the GambleFi space. This is buttressed by its array of exciting games as well as bonuses, rakebacks, and other features that create the best environment for gamers and gamblers.
Crypto experts are staunch in their belief that Rollblock will dominate the GambleFi market, an industry that is worth over half a trillion dollars. This is actually Rollbocks ambition, and should it realize just a fraction of this mission, RBLKs price will go on a stupendous rally that would fetch humongous returns.
Solana price boosted by potential ETF approvals
According to JP Morgans analysis, a 3-6% penetration rate for a Soalna ETF would inject between $2.7 billion to $5.2 billion into the ETF ecosystem.
This news has injected life into the ailing SOL token, and it has taken off as a result. After falling sub $180 due to the last market crash, Solana has bounced back up and is now trading around the $200 price level. Maintaining this rally would see SOL fetch decent rewards for its investors.
An XRP ETF approval to signal the end of battle with SEC
XRP has faced regulatory scrutiny for a long period of time. Therefore, an XRP ETF approval would signal the end of this legal tussle and pave the way for an explosive XRP rally.
This expectation has shifted XRP market sentiments to extremely bullish. At the moment, XRP is trading around $3, which is its highest price level in several years. More news about an impending XRP approval is expected to send XRP above its all-time high of $3.7 and could possibly see it double up in price.
Conclusion
While SOL and XRP ETFs could usher in a wave of institutional money and send the tokens on a massive rally, Rollblock offers direct exposure to a growing industry. This is why many tip it for greater gains.
Already in presale at a price of $0.046, Rollblock has appreciated by as much as 300%. By the time its presale ends and it hits the exchanges, experts predict Rollblock to fetch early investors ROIs to the tune of 15,000%!
Having raised $8.7 million from about 40,000 investors, Rollblock is a compelling option for investors who want to make real crypto profits in the short and long term. This is why no serious investor would want to miss out on it.
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Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Text source: Crypto Daily™
