This Looming Catalyst Could Boost XRP, Dogecoin, and Shiba Inu
What could a serious cryptocurrency like XRP (CRYPTO: XRP) have in common with silly meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB)? As it turns out, there's one type of catalyst that all three coins are exposed to. In fact, given the current conditions in the market and the regulatory outlook, it's likely that all three will experience this catalyst relatively soon, and they might see significant price gains as a result.With the Trump administration showing decidedly pro-cryptocurrency sentiments, the industry is headed toward what could be a handful of game-changing regulatory breakthroughs. In particular, the Securities and Exchange Commission (SEC) is signaling that it might be open to the idea of approving certain financial instruments that will deepen the integration between cryptocurrencies and the traditional financial system.Those instruments, including exchange-traded funds (ETFs), have thus far been tightly restricted. As a result, only the largest cryptocurrencies -- Bitcoin and Ethereum -- have spot ETFs approved for trading on the market.Continue reading
What could a serious cryptocurrency like XRP (CRYPTO: XRP) have in common with silly meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB)? As it turns out, there's one type of catalyst that all three coins are exposed to. In fact, given the current conditions in the market and the regulatory outlook, it's likely that all three will experience this catalyst relatively soon, and they might see significant price gains as a result.
With the Trump administration showing decidedly pro-cryptocurrency sentiments, the industry is headed toward what could be a handful of game-changing regulatory breakthroughs. In particular, the Securities and Exchange Commission (SEC) is signaling that it might be open to the idea of approving certain financial instruments that will deepen the integration between cryptocurrencies and the traditional financial system.
Those instruments, including exchange-traded funds (ETFs), have thus far been tightly restricted. As a result, only the largest cryptocurrencies -- Bitcoin and Ethereum -- have spot ETFs approved for trading on the market.
