Ripple CEO Brad Garlinghouse said approval of the XRP exchange-traded fund (ETF) is “inevitable.” Garlinghouse’s confident declaration comes in the wake of a landmark ruling that declared XRP to be a non-security when sold on public exchanges, thereby limiting its adoption in traditional finance. may be promoted. However, the current market performance of XRP with the token currently trading at $0.5281 and the collective sentiment of XRP whales is anything but optimistic.
At the same time, JetBolt (JBOLT) has gained attention for its innovative Zero Gas protocol, which has sold over 40 million tokens. What impact will these developments have on the future landscape of cryptocurrencies? Read on to find out.
The story of XRP ETF so far
Ripple CEO Brad Garlinghouse made headlines for his recent comments about the inevitable approval of the XRP exchange-traded fund (ETF). In an exclusive interview, Garlinghouse asserted that an XRP ETF is on the horizon, especially given the growing institutional interest in cryptocurrencies and increased regulatory clarity.
The CEO’s optimistic remarks come in the wake of Ripple’s continued legal battle with the SEC, a landmark ruling that declared XRP to be a non-security when sold on public exchanges. It is something that This ruling is a game-changer for Ripple and paves the way for more favorable terms for the XRP ETF.
Ripple Effect: Impact on XRP Adoption
Garlinghouse’s comments suggest that Bitwise, “the world’s largest crypto index fund manager,” recently filed for an XRP ETF with the SEC, and that other asset managers may soon follow suit. It took place at a very important time. However, XRP is currently facing headwinds and is trading at $0.5281. This reflects a decline of 0.78% over the past day and a more significant decline of 9.69% over the past month.
A chart showing how XRP has struggled this month since the SEC ruling. Source: CoinMarketCap
Given the recent bearish performance of XRP, many are wondering what the XRP ETF will bring to Ripple’s network? , potentially facilitating mainstream adoption and increasing the liquidity of XRP. Garlinghouse suggested that the ETF approval would not only increase XRP’s visibility but also further integrate it into traditional finance.
Despite the optimism surrounding the potential for ETF development, the current negative price indicators highlight the challenges faced by XRP as it attempts to regain momentum in the competitive crypto market.
JetBolt’s rapid growth amid market dynamics
While XRP has struggled to regain trader confidence, JetBolt (JBOLT) has made headlines with its groundbreaking Zero-Gas protocol and exciting pre-sale. Zero-Gas is an innovative technology feature powered by the Skale network. The enthusiasm for this has led to a huge spike in Jetvolt presales as crypto whales take notice. JetBolt enhances accessibility for everyday cryptocurrency users by providing a gas-free experience, allowing developers to build and deploy applications without the gas constraints typically associated with blockchain transactions.
JetBolt’s pre-sale continued to be a remarkable success, with the number of tokens sold quickly exceeding 40 million. This impressive number reflects the growing enthusiasm of the cryptocurrency community and demonstrates the desire for cost-effective and efficient alternatives to traditional platforms.
Such positive reviews highlight the crypto community’s desire for solutions that prioritize zero gas costs and seamless functionality. This positions JetBolt to carve a niche in the evolving digital economy.
Adding to the excitement of the presale is Alpha Box, which offers buyers up to 25% off when buying in bulk. This strategic move not only rewards early adopters, but also strengthens community bonds, encourages further participation, and accelerates platform growth.
With its unique approach and rapidly expanding user base, some crypto analysts have suggested that JetBolt has the potential to redefine the way Web3 users and developers interact with blockchain technology. JetBolt’s current pre-sale success signals a new era of inclusivity and innovation in the cryptocurrency market as the market takes note of its progress.
conclusion
JetBolt is also making waves in the crypto space with its innovative Zero-Gas protocol, as discussions around a potential XRP ETF help gain some much-needed momentum. With over 40 million tokens sold in the pre-sale, the growing JetBolt community is excited about what’s next. JetBolt focuses on eliminating gas fees and user-friendly interactions, and has the potential to be one of the next generation altcoins that redefines user experience in blockchain technology.
Visit the links below to stay up to date with JetBolt.
This content does not serve as financial advice. Cryptocurrency markets are volatile and unpredictable. Therefore, individuals should conduct their own due diligence before purchasing crypto coins.