Institutional investors have also moved in on the cryptocurrency, as XRP investment products saw major inflows this month.Īccording to CCData’s latest Digital Asset Management Review report products focusing on XRP saw a 33.2% rise in inflows, taking their assets under management to $65.7 million.Īs CryptoGlobe reported, the number of XRP holders with at least one million tokens on the cryptocurrency’s ledger has now surpassed the 1,900 mark as an accumulation trend set off earlier this month was triggered by an uptick in investor sentiment. Bernard Lau, CEO of LABS Group, said, Our early investors have been instrumental in turning the vision of the Kunang Kunang Tent Resort into a reality. The coverage included an announcement from the Hong Kong Securities Regulatory Commission. The resort managed an average occupancy rate of 68 in its first year and distributed dividends amounting to an approximate yield of 10, demonstrating profitability despite a slow start. Notably, a number of bold price predictions for XRP have been made since the cryptocurrency was deemed to not necessarily be a security by a federal judge. Binance CEO Changpeng Zhao (CZ), has made a bold prediction after China’s Central Television (CCTV) aired coverage of crypto, describing it as a big deal that could lead to a bull run in the market. They suggested a more restrained outlook of $5 to $8 as a feasible price range, a target price that other analysts have also pointed to. Some in the cryptocurrency community voiced skepticism about Faibik’s prediction, pointing out that such a surge would push the market cap well into the trillion-dollar territory.
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