Here’s Why This Wall Street Expert Believes XRP Is Very Bullish
The post Here’s Why This Wall Street Expert Believes XRP Is Very Bullish appeared on BitcoinEthereumNews.com. XRP achieves yet another milestone with its recent approval of derivative contracts particularly designed for institutional investors on the San Francisco-based cryptocurrency exchange Coinbase. XRP Milestone Could Spark A Bullish Run Due to XRP’s recent milestone, Wall Street expert Linda Jones believes that the token is very bullish following the increase in interest from institutional investors toward the XRP market. Linda Jones took to her official X (formerly Twitter) handle to express her viewpoint on XRP’s future. She noted that XRP will probably experience a bullish trend since the approval of derivative contracts enables institutional investors to trade the token with significant capital. Linda further highlighted that institutional investors’ adoption is more likely to trigger a bullish trend for XRP than with just retail investors. According to the expert, Wall Street firms, notably hedge funds, are drawn to derivative trading because it gives them the chance to take advantage of price changes in digital assets to maximize profits. Coinbase approving perpetual futures contracts for trading XRP means:1) XRP is very bullish. If XRP’s price was not going to fluctuate or change a lot, no one would be interested in trading it. Futures contracts allow for maximum leverage and can lead to outsized profits (or… — Linda P. Jones (@LindaPJones) October 18, 2023 In the post, Linda anticipates that leading investment firms could be investigating jurisdictions that are familiar with hedge funds and offshore funds, such as the Cayman Islands or Bermuda. The introduction of institutional investors to the XRP market covers a larger connection for the digital asset’s market stability and adoption. This marks a major step for the digital asset. It indicates a growing interest and adoption of XRP in the midst of institutional investors and an increase in investment in XRP might trigger the digital asset’s overall market…
The post Here’s Why This Wall Street Expert Believes XRP Is Very Bullish appeared on BitcoinEthereumNews.com.
XRP achieves yet another milestone with its recent approval of derivative contracts particularly designed for institutional investors on the San Francisco-based cryptocurrency exchange Coinbase. XRP Milestone Could Spark A Bullish Run Due to XRP’s recent milestone, Wall Street expert Linda Jones believes that the token is very bullish following the increase in interest from institutional investors toward the XRP market. Linda Jones took to her official X (formerly Twitter) handle to express her viewpoint on XRP’s future. She noted that XRP will probably experience a bullish trend since the approval of derivative contracts enables institutional investors to trade the token with significant capital. Linda further highlighted that institutional investors’ adoption is more likely to trigger a bullish trend for XRP than with just retail investors. According to the expert, Wall Street firms, notably hedge funds, are drawn to derivative trading because it gives them the chance to take advantage of price changes in digital assets to maximize profits. Coinbase approving perpetual futures contracts for trading XRP means:1) XRP is very bullish. If XRP’s price was not going to fluctuate or change a lot, no one would be interested in trading it. Futures contracts allow for maximum leverage and can lead to outsized profits (or… — Linda P. Jones (@LindaPJones) October 18, 2023 In the post, Linda anticipates that leading investment firms could be investigating jurisdictions that are familiar with hedge funds and offshore funds, such as the Cayman Islands or Bermuda. The introduction of institutional investors to the XRP market covers a larger connection for the digital asset’s market stability and adoption. This marks a major step for the digital asset. It indicates a growing interest and adoption of XRP in the midst of institutional investors and an increase in investment in XRP might trigger the digital asset’s overall market…
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