Altcoin
Here’s Why XRP and Cardano Might Not See ETFs Anytime Soon — Report

The realm of cryptocurrency ETFs appears to be now expanding, yet not all digital assets are poised for an easy transition into this financial product. GSR’s recent analysis of the potential for ETFs across various crypto has brought forward insights that place XRP and Cardano in a challenging position for ETF adaptation.
Using a comprehensive scoring system, GSR evaluates the cryptocurrencies on a scale integrating decentralization metrics and market demand indicators.
XRP And Caradano: Never To See The Light of ETF?
Decentralization is critical, examining aspects such as permissionless participation and the diversity of hardware used in the networks.
Key metrics like the Nakamoto Coefficient measure the concentration of operational power within the network, revealing vulnerabilities to potential collusion or control by several entities.
For XRP and Cardano, the decentralization scores were notably low, with XRP at -0.9 and Cardano at -0.1, indicating concerns over their network structures.

In addition to decentralization, demand potential is equally significant, considering market cap, trading volume, and community activity levels. These factors predict how much interest there might be in an ETF based on each cryptocurrency.
Despite their popularity, XRP and Cardano scored -0.2 and -0.5 in demand metrics, placing them behind other cryptocurrencies exhibiting stronger future market demand indicators.

This combination of lower decentralization and demand scores in GSR’s analysis suggests that XRP and Cardano might face substantial hurdles before seeing the launch of their ETFs, especially in a market that is quickly adapting and evolving.
Meanwhile, in contrast to the sluggish outlook for XRP and Cardano ETFs from the GSR report, other cryptocurrencies like Ethereum, Solana, and NEAR are seeing more optimistic evaluations.
Spotlight on Solana And The Other Approved ETFs
Notably, merging the evaluations from the assets, GSR’s methodology for the ETF Possibility Score assigns a weight of 33% to decentralization and 67% to demand in its overall scoring system.

Regardless, VanEck, a significant player in the asset management field, has taken a pioneering step by filing for the first-ever Spot Solana ETF with the US Securities and Exchange Commission (SEC).
This move underscores Solana’s growing stature as a notable competitor to Ethereum. According to Matthew Sigel, VanEck’s head of digital asset research, “With its combination of scalability, speed, and low costs, the Solana blockchain has the potential to provide an enhanced user experience across a wide range of use cases.”
However, the landscape for Bitcoin and Ethereum remains mixed. While Bitcoin spot ETFs have experienced fluctuating inflows, Ethereum’s potential ETF is still pending final S-1 approvals, anticipated to materialize soon.
The market’s reception to these developments has been cautious, reflecting the slow pace of inflows for spot Bitcoin ETFs despite a positive trend over recent days.
Featured image from DALL-E, Chart from TradingView
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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