Altcoin
Ether ETF To Attract $45B Inflow In First Year: Standard Chartered

Standard Chartered Bank made a bold prediction around the approval of Spot Ether ETFs. A Standard Chartered analyst believes that the U.S. Securities and Exchange Commission (SEC) will approve a series of Ethereum ETFs this week. Moreover, he expects these ETFs to draw an influx of a whopping $45 billion in the first year after debut.
Standard Chartered Bullish On Ether ETF Approval
According to Geoff Kendrick, Head of FX Research and Digital Assets Research at Standard Chartered, the approval of Spot Ether ETFs could lead to inflows ranging from 2.39 million to 9.15 million Ether in the first year. “After approval, we estimate that Spot ETFs will drive inflows of 2.39-9.15 million Ether in the first 12 months after approval,” Kendrick stated.
He further emphasized the magnitude of this potential influx by translating it into U.S. dollar terms. The analyst suggested that it could equate to approximately $15 billion to $45 billion, according to The Block. The timing of this forecast is critical as the first round of Spot Ethereum ETF deadlines is fast approaching.
VanEck’s deadline is set for May 23, followed by Ark 21Shares’ on May 24. Moreover, the approval of these ETFs is seen as a potential catalyst for the market, mirroring the impact observed with Bitcoin ETFs. Kendrick drew parallels between the expected inflows into Ether ETFs and those observed with Bitcoin ETFs.
He noted the accuracy of Standard Chartered’s previous estimates. “As a percentage of market cap, it is similar to our estimates of inflows to bitcoin ETFs, which are proving accurate,” he explained. In a detailed analysis note, Kendrick projected that the approval of Spot Ether ETFs could enable Ethereum to maintain pace with Bitcoin. This would aid in keeping the current 5.4% price ratio stable throughout 2024.
Also Read: Breaking: Fidelity Slashes Staking For Ethereum ETF In Latest S-1 Amendment
Ethereum Price To $8,000?
Moreover, the analyst further elaborated on the implications of this projection for the Ethereum price trajectory, given their bullish outlook on bitcoin. “Given that we now see bitcoin reaching the $150,000 level by end-2024, this would imply a level of $8,000 for Ether,” Kendrick predicted.
Looking further ahead, Standard Chartered’s optimistic outlook extends into 2025. In addition, Kendrick reiterated the bank’s earlier price target for ETH, aligning it with their forecast for Bitcoin. The BTC target is set at $200,000 while ETH price target is pegged at $14,000 by the end of 2025.
Furthermore, Miles Deutscher, a crypto analyst, echoed a similar sentiment and offered a bullish outlook for ETH. The analyst expects the Ethereum price to shoot above $6,400 after the ETF approval. He took to X and wrote, “$BTC rallied 75% in 63 days after the spot ETF was approved. If $ETH follows the same trend (if approved), this would take it to $6,446 by July 23.”
Amid the growing optimism, the Ethereum futures open interest has reached an all-time high. According to Coinglass data, the ETH open interest has soared 35.12% to $15.60 billion, indicating a surge in interest among derivatives traders. At press time, the Ethereum price rallied 21.83% to $3,766.68 on Tuesday, May 21.
Also Read: Ethereum (ETH) Price Targets $4,000 As Odds of Spot Ether ETF Improve
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.
Altcoin
XRP Price to $27? Expert Predicts Exact Timeline for the Next Massive Surge

Crypto expert Egrag Crypto has again predicted that the XRP price could rally to as high as $27. The analyst has also revealed the exact timeline for when the altcoin could record this massive price surge.
Expert Reveals Time For XRP Price To Hit $27
In an X post, Egrag Crypto asserted that the XRP price can hit $27 in 60 days. The expert remarked that historical patterns indicate that the altcoin can reach this target within this timeframe.
Based on this price prediction, XRP could reach this $27 target by June, marking a 1,250% gain for Ripple’s native crypto. The expert’s accompanying chart showed that he was alluding to the 2017 bull run as to why the altcoin could record such a parabolic rally.
In 2017, XRP recorded a historic gain of over 60,000% as it rallied to its current all-time high (ATH) of $3.8 the following year. As such, based on history, a 1,250% increase is nothing for the altcoin.
In the meantime, the XRP price still boasts a bearish outlook thanks to the sentiment in the broader crypto market. As CoinGape reported, Ripple’s coin could drop to the next major support levels at $1.79 and $1.56 if it fails to hold above $2.03.
Decision Time For The Altcoin
In an X post, crypto analyst CasiTrades stated that it is decision time for the XRP price. She noted that the altcoin is showing strength with a bounce right back to the first key test at $2.17. She added that this is the resistance level she wants to see flip into support, as it might be the “most important price of the week.”
The analyst stated that XRP must reclaim this level to build momentum. She added that the $2 level remains a valid target if the $2.17 level rejects. Meanwhile, CasiTrades revealed that $2.70, $3.05, and $3.80 are the major resistance zones once the upward trend is confirmed.
The analyst also mentioned that the XRP price is now fully inside the Fibonacci Time Zone 3, which spans most of April. She affirmed that this is the breakout window market participants have been preparing for and that all signs point to a macro wave.
CasiTrades affirmed that the structure is clean. The RSI divergence has confirmed the bottom, while the subwaves are aligning well with the larger targets. If the next leg pushes XRP back above $2.17 with momentum, she claimed that market participants may finally see obvious signs of Wave 3. Interestingly, the analyst added that if the altcoin clears $2.70 this week, it may break the $1,000 price extension.
For now, investors may remain cautious, especially seeing how XRP fell after the PMI and JOLTS data release earlier today. Donald Trump is also set to announce reciprocal tariffs tomorrow, which could spark a massive price crash.
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.
Altcoin
Binance Update Sparks 50% Decline For Solana Meme Coin ACT: Details

A recent Binance update has triggered massive liquidations while sending Solana memecoin ACT into a steep correction. At first, pundits blamed market maker Wintermute for the jarring declines but Binance’s update to leverage and margin tiers appears to be the culprit.
Several Altcoins on Binance Suffer Massive Corrections
According to an X post, several altcoins listed on Binance took a major hit, dropping by double-digit percentages. The hardest hit of the lot was Solana memecoin ACT, experiencing a sudden drop of over 50% in 30 minutes.
Other altcoins including DEXE and DF equally recorded steep declines of 23% and 16% respectively in the same window. The price slump left traders scratching their heads but a consensus formed that sizable sell orders were behind the declines.
“The sudden dips were triggered by large sell orders executed in a short time frame, leading to a significant surge in spot trading volume,” said one pundit.
Others turned to market maker Wintermute as the trigger for the selloff. However, Wintermute CEO Evgeny Gaevoy denied responsibility while noting that the market maker reacted “post move.”
The decline comes amid a broader market recovery with several cryptocurrencies including Compound (COMP) gaining 70%.
What Triggered The 50% Decline For Solana Meme Coin
A Binance update on leverage and margin tiers on specific tokens like ACT triggered the massive declines. According to an April 1 announcement, the top exchange has updated the margin tiers of several perpetual contracts, noting that existing positions will be affected.
Following the move, one ACT whale got liquidated for $3.79 million at $0.1877, triggering a broad selloff. Former FTX community manager Benson Sun noted that traders had less than 3 hours to respond to the change, criticizing Binance for the move.
“Before changing the rules, Binance should have evaluated how many positions would be closed,” said Sun. “If there are market makers with large positions, they should have notified them in advance.”
Within hours of MUBARAK’s listing, the memecoin tumbled by 40% with Binance CEO Changpeng Zhao downplaying the impact of a listing on prices. Binance has drawn criticism in recent days following its exclusion of Pi Network from its Vote To List initiative.
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.
Altcoin
BTC, ETH, XRP, DOGE Fall Following Weak PMI, JOLTS Data

A crypto market crash looks imminent, with Bitcoin, Ethereum, XRP, and Dogecoin witnessing notable declines. This price crash happened following the release of weak manufacturing PMI and JOLTS data, which provides a bearish outlook for the market.
Crypto Market Crash: BTC, ETH, XRP, & DOGE Decline
CoinMarketCap data shows that a crypto market crash could be on the horizon, with the Bitcoin price sharply dropping below $83,000 from a daily high of around $84,400. Altcoins such as Ethereum, XRP, and DOGE also witnessed sharp declines.
This market crash occurred following the release of weak ISM manufacturing PMI and JOLTS data. The March PMI data dropped to 49, below expectations of 49.5 and lower than the 50 recorded in February.
The US JOLTS job openings for February came in at 7.568 million, below the expected 7.690 million and lower than the 7.762 million recorded in January. These data add to several macro fundamentals that paint a bearish outlook for the market.
This crypto market crash could persist, with China, Japan, and South Korea agreeing to respond to Donald Trump’s proposed tariffs. Trump is set to announce a number of reciprocal tariffs tomorrow, which could significantly harm the market as it sets off a trade war between the US and other nations.
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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