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XRP Leveraged ETF Outshines Solana At Launch

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1 week ago

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The Teucrium 2X Long Daily XRP ETF saw an impressive trading volume milestone on its first trading day on NYSE Arca. The surge in interest comes as XRP’s legal battles with the U.S. Securities and Exchange Commission (SEC) are at their tail end, with new institutional-focused products emerging for the Ripple-associated coin.

Teucrium’s X2 Daily Long XRP ETF Sees Strong Start

On its first day of trading, the 2X Daily Long ETF saw a trading volume of $5 million. Teucrium launched this product after approval by NYSE Arca. According to Bloomberg Senior ETF Analyst Eric Balchunas, this performance places it in the top 5% of new ETFs launched. This result is particularly impressive given the current market conditions.

For context, a similar product, the Solana 2X ETF (SOLT) garnered a fraction of this volume, or about four times less than XRP’s debut. This impressive performance suggests investors are keen to leverage their positions on XRP.

Balchunas further shared his thoughts on the debut, calling the $5 million in volume respectable considering the market conditions. He noted that this performance while outpacing Solana’s, comes with a twist. 

He said it pales compared to BlackRock iShares Bitcoin Trust (IBIT) whose debut volume topped $1 billion.

Spot XRP ETF Prospect

As reported by CoinGape, John Deaton reflects on the four-year Ripple lawsuit, stating that XRP’s status as a non-security is a crucial boost to the growing push for exchange-traded funds tied to the coin.

The filing of multiple XRP ETFs remains a hot topic in the market. With $1.5 trillion in assets under management (AUM), investment giant Franklin Templeton recently filed for a Spot XRP ETF through the Cboe exchange. This adds to the growing list of firms pushing for XRP-related funds after Ripple Labs’ dropped its cross-appeal against the US SEC. 

Other prominent firms have also filed for similar offerings, including Grayscale’s spot XRP ETF listing push with the NYSE. This offering could potentially involve converting the former’s XRP Trust into a full-fledged ETF. With this momentum, XRP’s future looks promising, and more ETF applications are anticipated in the coming weeks.

Meanwhile, in Brazil, the Hashdex spot XRP ETF has gained regulatory approval, with B3 as the exchange of choice. At the time, the XRP price jumped 6% following the update, a sign of positive sentiment around related products. This further solidifies the momentum around XRP’s potential as an investment asset in different regions around the world.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Dogecoin Price Breakout in view as Analyst Predicts $5.6 high

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8 hours ago

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April 17, 2025

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A Dogecoin (DOGE) price breakout past its previous All-Time High (ATH) price is gradually becoming possible amid the current market setup. While still tied in a long-drawn consolidation, a potential breakout is ahead for the memecoin, according to predictions from market analysts.

Dogecoin Price and Open Interest Outlook

As of this writing, DOGE’s price has changed hands for $0.1569, which has increased by 3.3% in the past 24 hours. This price trend is a testament to how resilient the DOGE price is, having traded at a low spot value of $0.1532. The memecoin has traded at a very close range during this period.

The current DOGE outlook shows a bullish trend in the futures market as showcased by Open Interest data. Data from Coinglass pegs the total Dogecoin committed to the futures market at 9.87 billion DOGE. This was valued at $1.54 billion and has skyrocketed by more than 5% in 24 hours.

Top crypto exchanges like Binance, OKX, and Bybit saw the highest DOGE open interest record. While the price traded at a relatively close range, the open interest commitment proves that traders with leverage are betting on the asset. 

DOGE Price to $5.6?

Optimism trails Dogecoin, despite its spot value now trading down 78.71% from its ATH of $0.7376. Market analyst Dogedog told his more than 58,600 followers on X that the price of DOGE is heading to $5.6.

While Dogegod did not provide a timeline or much context for his prediction, he highlighted how the memecoin breaks falling wedges. The analyst is not alone in his projection for the coin, as an earlier DOGE price analysis, Ali Martinez, predicted a $0.29 rally for the asset in the near term.

Although this price trend is not unrealistic, the broader market slowdown may serve as a bottleneck. Key performance metrics already tipped the Dogecoin price in line for a short-term breakout. With trading volume up 6% to more than $586 million as of writing, retail interest in the coin has further skyrocketed.

Dogecoin remains the lead among altcoins being considered for an exchange-traded fund (ETF) product. As reported earlier by CoinGape, 21Shares filed for a spot Dogecoin ETF, the latest asset manager to make the move. The belief is that an approval can usher in institutional funds, which can help fuel the coin’s price growth.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Here’s What to Expect From TOWNS Token Price at Launch?

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24 hours ago

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April 17, 2025

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Towns, an on-chain decentralized messaging platform, is launching its native TOWNS token with an airdrop in 2025. The Towns association with the Base blockchain network has made it popular among crypto investors. Many are awaiting this token launch, especially as the platform raised $35.5M in funding backed by a16z, Coinbase Ventures, and others. In this blog, let us discuss the key details around the TOWNS token launch and potential price.

Towns Airdrop, Token Listing Date & Other Details

The TOWNS token launch with an airdrop is set to happen in Q2 2025 (before June). It will have a total supply of 10 billion, and 57% is allocated to the community. The remaining 35% is allocated to the team and investors, and 8% to initial node operators and delegators.

Interestingly, 10% (1 billion) is allocated for the airdrop going live before June. Notably, the listing date, eligibility criteria, and the TOWNS token price have not yet been finalized. However, the community discussions reveal that it is among the most anticipated crypto airdrops in 2025.

Towns token airdrop

How to Qualify for Towns Airdrop?

Since the eligibility criteria for this airdrop are still due, the interested users can follow the following steps to potentially qualify. This includes:

  1. Setting up Base wallet with at least $10 in ETH
  2. Signing up with Towns’ platform
  3. Creating a Town group chat
  4. Continuous engagement with the platform, including joining paid Towns
  5. Completing activities for rewards/ points

Although these steps do not necessarily make users eligible, these are common crypto airdrop requirements. Similarly, the PAWS airdrop is in motion, which was delayed due to last-minute eligibility changes.  Investors must stay updated with the airdrop notifications.

What can you expect from the TOWNS Token Price at Launch?

Towns’ decentralized platform has gained a significant milestone, showing investors’ interest in the upcoming airdrop. It includes the 1 million+ membership purchases, 332,000+ group chats, and much more.

Based on the potential hype among investors (around launch), circulating supply, potential top crypto exchange listing, and similar launches, experts anticipate the TOWN token price to be between $0.025 and $0.05 at launch. However, this is just an anticipation and could go differently.

Frequently Asked Questions (FAQs)

The eligibility criteria are not out yet, but experts anticipate proper interaction with the platform, including creating a Town group chat is important to be eligible.

The token will be launched with a total supply of 1 billion, and 57% is allocated to the community, 35% to the team and investors, and 8% to initial node operators and delegators.

The team has not officially announced the launch price, but experts calculate it between $0.025 and $0.05.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Court Grants Ripple And SEC’s Joint Motion To Suspend Appeal

Published

2 days ago

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April 16, 2025

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In the latest development in the long-running XRP lawsuit, the US Court of Appeals has granted Ripple and the SEC’s joint motion to suspend their respective appeals. This will give both parties time to finalize the settlement in the long-running legal battle.

XRP Lawsuit: Court Grants Ripple & SEC’s Joint Motion

As revealed in a court document, the US Court of Appeals has granted Ripple and the US Securities and Exchange Commission’s (SEC) joint motion to hold the appeal in abeyance. The court has further directed the Commission to file a status report within 60 days of this order.

This court order consequently suspends the ongoing appeal and cross-appeal filed by the SEC and Ripple, respectively. As CoinGape reported, both parties had filed the joint motion to suspend the appeals in light of them reaching a settlement.

The SEC and Ripple argued that holding the appeal in abeyance will help conserve judicial and party resources while they both continue to pursue a negotiated resolution of this matter.

In March, Ripple agreed to drop its cross-appeal against the SEC following the latter’s decision to drop its appeal in the long-running XRP lawsuit. However, the matter is yet to be finalized as both parties revealed in the filing that they need additional time to obtain the Commission approval for their agreement-in-principle.

Once approved, both parties will still need to get an indicative ruling from the District Court. As part of the agreement, Ripple and the SEC had agreed that the former would only pay $50 million out of the $125 million penalty that Judge Analisa Torres awarded against the crypto firm. The Commission also agreed to request that Judge Torres lift the standard injunction that it imposed on Ripple.

Possible Reason For The Delay?

It remains unclear why the Commission has yet to approve the agreement in the XRP lawsuit. However, a possible reason could be that the SEC is holding out for Paul Atkins to assume office.

As CoinGape reported, the US Senate has confirmed Atkins as the next SEC Chair. The next step is for US President Donald Trump to sign off on the confirmation and swear him in as Gary Gensler’s successor.

Once the Commission approves the agreement, Ripple and the SEC will ask Judge Torres for relief from her earlier judgment. Once that happens, the Court of Appeals can strike out the appeal and remand the case to the District court for a full ruling on the agreement.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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