XRP price increased exponentially in 2024, a major milestone for this cryptocurrency amid the SEC vs. Ripple battles and years-long consolidation. Interestingly, the crypto market rally with Trump’s win has affected this struggling token positively, as it is currently trading at $2.41 after achieving a seven-year high of $2.84 at the beginning of the month.
Why XRP Price Could Jump With XRP ETF Launch?
Until now, the two crypto assets spot ETFs are functioning and gaining momentum among investors. The Bitcoin ETF, which got the SEC’s approval in January, has played the biggest role in pushing the Bitcoin price to ATH of $106.4k. However, it took some time for the market to react to this news, as Bitcoin price dropped with BTC ETF inflows as investments flocked to exchange-traded funds. Regardless, the correlation builds between the two with time, pushing each other to new highs. Even now, the Bitcoin price is on a bullish trajectory, as it hit the ATH of $106,488.25 just a few hours ago. At the same time, Bitcoin ETF gained a weekly net inflow of $2.17 billion, confirming this theory. With that, the experts believe that the Bitcoin ETF AUM can Surpass Gold ETF by year-end.
The same happened with Ethereum ETF as before the trading began for this ETF, the Ethereum price remained relatively stagnant with slight volatility, but after the approval in July 2024, the price began to move steadily with the increased inflows in the Ethereum exchange-traded funds. Although many factors contributed to these token’s growth, the inflows and price charts had similar trends.

Even at present, Ethereum is following a bullish trajectory, currently trading at $3,963.13. At the same time, the Ethereum net inflow came out to $855M over the week, setting a record high for weekly net inflows. The XRP ETF could present similar outcomes, favoring the XRP price similarly.
XRP Price To Hit $10 With XRP ETF Inflows
XRP struggled for three years under the SEC’s influence, but now things have changed, as the token has grown significantly with Trump’s win and Gary Gensler’s resignation. This news boosted the token significantly, and the same will happen with the XRP ETF due to its institutional demand. The XRP holders have been awaiting this moment since the Ethereum ETF approval. Till now, many major firms like WisdomTree, Bitwise, and 21Shares have filed their application for XRP exchange-traded fund, waiting for the SEC’s approval.

Despite the unfavorable relation between the two, the community is anticipating a positive response due to XRP’s top positioning in the market, as this is the fourth biggest crypto. Moreover, considering the monthly inflows for Bitcoin and Ethereum ETFs, the XRP ETF inflows could push the XRP price to $10.

In the first month of the Bitcoin ETF launch, it received inflows of $30.18B. Over the three months, it received $217.38B, showcasing exponential growth in adoptions. Similarly, in the first month of the Ethereum ETF launch, the total inflows it received were around $9.28B. In three months, these were $3.81B, comparatively lower. This indicates that the early institutional demand led to a heavy flow in the first month, but it stabilized over time.
Based on that, the XRP ETF could witness $1.8B – $2.3B in inflows in the first month and $2.0B – $2.6B over the three months, considering this token’s high price sensitivity and a much smaller market cap in comparison to Bitcoin and Ethereum. As a result, the XRP price might take a slightly bullish turn, pushing it above $3. However, the $10 can only be possible if other factors, like Gensler’s resignation, RLUSD’s successful launch, and the SEC vs. Ripple case ending, align with the ETF launch.
🚨 ** BREAKING NEWS ** 🚨#XRP is destined to be the #1 crypto and the world reserve currency:
– Gensler resignation ✅️
– XRPL meme coins ✅️
– RLUSD approved ✅️
– RLUSD launch
– XRP ETF launch (Blackrock, etc)
– Ripple-SEC case settled
– Trump in office
– New SEC Chair in… pic.twitter.com/hd6j8fhjYW

— Kingdom Coins (@PropheticCoins) December 14, 2024

Source: x formally twitter.

Disclamation. Recommendations, suggestions, views given by the crypto experts. It’s not financial advice. You must do your own research before investing crypto markets. Crypto Wolf is always trying to share valuable news for trading, staking, investing after our own research. Information source x tweet.

#Xrp🔥🔥 #ripple #RippleVsSEC #XRPLasVegas2024

🔥🔥 Ripple CEO Brad Garlinghouse Speaks Out on SEC Battle, Crypto Future, and More on 60 Minutes 🚀
Ripple CEO Brad Garlinghouse made headlines during his December 8, 2024, interview on 60 Minutes, where he shed light on Ripple's intense $150 million legal battle with the U.S. Securities and Exchange Commission (SEC).
Garlinghouse criticized the SEC’s approach under Chairman Gary Gensler, calling it a driving force behind the creation of FairShake, an industry super PAC formed by Ripple and two other major crypto companies. He described FairShake as a response to what he termed a "war on crypto," emphasizing that the initiative might never have existed if the SEC had adopted a more constructive stance toward the industry.
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Green Metaverse Token (GMT): Tokenomics and the Impact of Burning 600 Million Tokens
Green Metaverse Token (GMT), the governance token of the STEPN ecosystem, employs a carefully designed tokenomics model that prioritizes deflationary mechanisms to strengthen its value and utility. Let’s dive deeper into the implications of burning 600 million GMT tokens.
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GMT Tokenomics Overview
GMT’s total supply of 6 billion tokens is strategically allocated across key categories:
Ecosystem Growth: Funds to expand and enhance the platform.
Team Incentives: Rewards to drive innovation and development.
Public Sales: Enabling wider community participation.
Staking Rewards: Encouraging long-term token holding.
This allocation ensures GMT’s sustainability, balancing rewards for early adopters while fostering long-term ecosystem development.
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The Impact of Burning 600 Million GMT
Token burning, a widely used deflationary tactic, permanently removes tokens from circulation, reducing supply and creating scarcity. Here’s how burning 600 million GMT tokens (10% of the supply) could shape the ecosystem:
1. Scarcity-Driven Value Growth:
A reduced supply often boosts demand, especially as the platform expands and attracts more users. This burn could lead to upward pressure on GMT’s market value, rewarding holders and investors.
2. Boosting Stakeholder Confidence:
Burning such a significant portion of the token supply showcases STEPN’s commitment to delivering long-term value, fostering trust among investors and users.
3. Strengthened Utility:
With fewer tokens in circulation, the intrinsic utility of GMT—whether in governance, staking, or ecosystem participation—becomes more valuable, encouraging broader adoption.
This strategic move underscores STEPN’s vision of creating a sustainable, user-driven ecosystem and aligns with its long-term goals of community empowerment and token scarcity.
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A Transformative Period for Ripple and GMT
Both Ripple and STEPN are spearheading critical transformations in their respective spaces. Ripple’s ongoing fight with the SEC highlights the broader challenges the crypto industry faces, while STEPN’s GMT burn initiative exemplifies innovation in tokenomics.
Whether it’s Ripple reshaping crypto regulation or STEPN advancing deflationary mechanisms, the crypto space is witnessing game-changing moves that could define its future.
#CryptoRevolution" #BURNGMT #RippleVsSEC $XRP $GMT MT $PEPE