(Clues in image)
• The cryptocurrency market continues its bullish momentum, with a month of strong performance.
• Older crypto projects, are making significant comebacks, particularly after the U.S. presidential elections.
• Ripple (XRP) has been a standout performer, surging 343% in 30 days and becoming the third-largest cryptocurrency by market cap, surpassing Solana (SOL) and Tether (USDT).
• Anticipated regulatory approval for Ripple’s RLUSD stablecoin.
• Prospects of an XRP exchange-traded fund (ETF).
• Tokenization of money market funds using the XRP Ledger.
• Despite its growth, XRP whales have been taking profits, creating potential sell pressure.
• These developments highlight the shift towards institution-focused networks and their growing role in reshaping the cryptocurrency landscape.
• The narrative is shifting from retail-driven to institution-focused crypto projects, signaling a pivotal change in the market’s future trajectory.