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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Analysis Company Shared the Level It Thinks Bitcoin Price Will Never Fall to!
Cryptocurrency analysis firm Alphractal shared its views on the price trajectory of Bitcoin and pointed out a gradual decrease in growth rate throughout market cycles while emphasizing a long-term bullish outlook.
According to Alphractal's logarithmic growth model, the midpoint of Bitcoin is currently at $216,000 and this value continues to rise. However, the firm adjusted its estimates by adding an additional support line below the midpoint reflecting the slowing pace of market expansion over time.
Alphractal defines $38,000 as the current oversold threshold, meaning historically Bitcoin would be significantly undervalued below this level. The model suggests that within a year, this threshold is likely to rise above $50,000, reinforcing the idea that Bitcoin's long-term price floor is on the rise.
Even if Bitcoin fails to meet the most optimistic forecasts, Alphractal's analysis argues that it is unlikely to fall below $30,000 based solely on historical growth models.
Alphractal, which summarizes its views, suggests that the current cycle will be considered successful as long as Bitcoin remains above $38,000. Even at this level, millions of Bitcoin addresses will continue to profit significantly.