Ripple is once again embroiled in controversy, this time because of Brad Garlinghouse’s statement regarding the ETF approval. Following the recent approvals of Bitcoin and Ethereum ETFs, the XRP CEO is optimistic about the currency’s own ETF. His confidence comes amid the emergence of new platforms like JetBolt (JBOLT), a next-gen entrant that’s setting a new standard for crypto innovation. With cutting-edge technology, the JetBolt presale is soaring, selling over 40 million tokens since its recent launch.
In this article, we will dive into what a potential ETF approval could mean for XRP and why whales are flocking to next generation altcoins like JetBolt.
Garlinghouse Optimistic About SEC’s Stance on XRP ETFs
Earlier this month, Bitwise filed for an XRP ETF that aims to provide exposure to XRP without requiring direct ownership of the asset. Along with this, Canary Capital also submitted an XRP-based ETF that indicates a growing interest from asset managers.
Since 2020, Ripple has been in a legal feud with the SEC regarding the allegations of unregistered securities sales with XRP amounting to $1.3 billion. Despite the current challenges, Garlinghouse remains bullish on an upcoming ETF approval.
At the time of writing, XRP trades at $0.52 reflecting a 3.5% drop this week. XRP has broken below key support levels and technical indicators point to a bearish trend. Sellers are eyeing the $0.46 level for potential buying opportunities.
Ripple is fighting back against the SEC’s $125 million fine, filing an appeal and working to address the SEC’s ability to introduce new evidence. Ripple’s Chief Legal Officer Stuart Alderoty mentioned, “As we go through this process, please remember the SEC’s broader strategy: try to create distraction and confusion for Ripple and the industry. But honestly, it’s just background noise now. The hard part of the fight is behind us. Ripple’s business is growing and getting stronger every day even as this appeal process plays out.”
Although XRP supporters remain hopeful, the currency’s downward spiral continues. Amidst XRP’s struggle for a bullish momentum, next generation altcoins are emerging with groundbreaking technology like JetBolt (JBOLT).
The Next Big Thing: Whales Shift Focus to JetBolt
The next generation of altcoins are here to stay — queue JetBolt (JBOLT) that has captured the attention of crypto whales looking for innovation. Thanks to its Zero Gas Technology, JetBolt is tackling a major pain point: eliminating the high gas fees that burden many users. Built on the Skale Network, JetBolt offers smooth, cost-effective transactions, even during heavy network traffic, making it especially appealing for developers, blockchain gamers, and SocialFi users who value scalability and efficiency.
Alongside its Zero-Gas feature, JetBolt offers an AI-powered crypto market tool that provides users with curated daily updates. It delivers focused insights into market trends without overwhelming the users with excessive information. This tool is designed to support whales in making informed decisions amid the fast-paced dynamics of the crypto world.
The JetBolt presale has already gained explosive momentum, with over 40 million tokens sold and more than $425,000 raised in a span of three months. Early adopters are reaping exclusive benefits through Alpha Boxes, which grant up to 25% extra tokens for batch purchases. With growing interest from crypto whales, JetBolt is rapidly positioning itself as a top altcoin to watch out for in late 2024.
Final Thoughts: XRP CEO Confident in ETF Approval Process Amidst JetBolt’s Fast Emerging PresaleÂ
As Ripple continues to push for regulatory clarity and ETF approval, uncertainty remains around XRP’s potential price trajectory. The recent momentum behind Bitcoin and Ethereum ETFs has fueled Garlinghouse’s optimism that an XRP ETF could be on the horizon, despite the SEC’s longstanding legal challenges. Meanwhile, the emerging next-generation platform JetBolt (JBOLT) is capturing attention with advanced technologies like Zero Gas and artificial intelligence. JetBolt stands out as a top new altcoin with its growing presale momentum.
Discover more about JetBolt’s impressive presale at its official website here: https://jetbolt.io/Â
This article is for informational purposes only and should not be considered financial advice. Always conduct thorough research before making any investment in cryptocurrencies.
