What you need to know:
- $XRP has hit a recent low of $1.8 after the October 10 flash crash
- Institutional investments could be responsible for the recovery to $2.45 and above
- There are several $XRP ETFs scheduled for SEC approval this month
- The US shutdown has delayed these approvals, bringing them closer together
$XRP has long been hyped as a crypto with the potential to transform the banking industry, and it could finally take off.
The REX-Osprey XRP ETF has successfully launched, with the $XRPR fund trading over $37.7 million on its first day on the market. Now, several other $XRP ETFs are scheduled to launch in October and await approval decisions, including:
- Grayscale
- VanEck
- 21Shares
- WisdomTree
However, due to the US government shutdown, it is more likely that these rulings will all be issued closer together once the SEC resumes operations.
Rumor has it that SBI Holdings is also increasing its investment in Ripple. It is currently one of the largest $XRP accounts in Japan, reportedly holding over $10 billion in $XRP, which is significantly higher than SBI Holdings’ market cap of $14.7 billion.
Larger institutional investments, along with the introduction of several ETFs, could potentially create a wave of excitement for $XRP, pushing its token price past the $2.4-$2.6 range and back above $3.
This, in turn, could lead to the transfer of capital to smaller crypto projects that are primed for growth.
We’ve identified three projects that we think will benefit from the rise in the price of $XRP, so keep reading as we explain why Bitcoin Hyper ($HYPER), Snorter Bot ($SNORT), and Ripple ($XRP) are our top picks for the best crypto to buy.
1. Snorter ($SNORT) – Find the hottest Altcoins first with this Telegram-powered Sniper Bot.
Snorter Token ($SNORT) is the presale token for Snorter Bot, a sniper bot that finds the best performing Solana meme coins and presents them to you through an easy-to-use mobile interface on Telegram.
Trading meme coins may seem simple at first glance, but it is a fast-moving market. By the time you’ve had a chance to manually evaluate a new coin, all the liquidity may have already been taken away by whales and bots.
Solana speeds up the process with a honeypot detection engine that automatically evaluates new coins on rug-pull indicators. During beta testing, the Snorter bot achieved an 85% success rate in detecting back pulls, a rate that the Snorter developers hope to further improve in future releases.
Once you find the coin you want to snipe, simply provide Snorter with your buy and sell orders, along with your desired price points. The bot handles everything else and fulfills your orders automatically.
Naturally, the Snorter bot will work with Solana at launch. There are also additional modules in development for Ethereum, BNB, Polygon and Base, which are expected to be released after launch.
The $SNORT token is what takes Snorter to the next level. It unlocks a number of features for the Snoter bot, including:
- An unlimited daily limit for transactions
- Trading costs of only 0.85%
- Mirror trading against other wallets
- A private high-speed RPC node for fast transaction execution
However, if you want to acquire $SNORT at a low price before the token goes live, you will need to act quickly. It is currently on pre-sale for $0.1081, but there are only four days left before your chance to purchase $SNORT at this price ends. Check out the $SNORT price predictions for more information.
Participate in the Snorter Token presale and receive rewards of up to 107% per year.
2. Bitcoin Hyper ($HYPER) – A Solana-based Layer-2 for Bitcoin that adds smart contract capabilities.
Bitcoin Hyper ($HYPER) takes Bitcoin to the next level with a Solana virtual machine (SVM) use zK combinations. The goal of the project is to make Bitcoin a worthy competitor to Web3 cryptos such as Ethereum and Solana by adding increased scalability and smart contract support.
While $BTC is an ideal asset for institutions like ETFs to hold over the long term because it acts as a store of value, the way the Bitcoin network works makes it difficult for retail customers to use it as an alternative to fiat.
Waiting at least ten minutes for a Bitcoin block to be added to the blockchain is simply too slow for most customer transactions. Therefore, Bitcoin Hyper implements an SVM-based Layer 2 solution to speed up clearing times.
This also benefits the introduction of dApps into the Bitcoin ecosystem. The Bitcoin Hyper network can support crypto swaps, NFT transactions, and other DeFi services, all using $BTC as the main store of value.
Are $HYPER which keeps the Bitcoin Hyper network running. Owning this official utility token will give you lower fees when trading cryptocurrencies and executing smart contracts on the Layer-2. You also get access to the Bitcoin Hyper Decentralized Autonomous Organizations (DAO), where you can vote on the future of the project.
The presale for $HYPER has generated over $23.8 million in token sales ahead of the network’s launch. If you sign up today you can buy $HYPER for just $0.013125, but you’ll have to act fast. Check out our How to Buy Bitcoin Hyper guide if you need more information.
Get your $HYPER tokens today and earn up to 49% in staking rewards.
3. Ripple ($XRP) – allowing institutions to trade currencies across borders faster than SWIFT
$XRP is Ripple’s native token, created to enable faster and cheaper global money transfers as an alternative to the SWIFT network. Thanks to a recent sidechain upgrade, the Ripple blockchain now also supports Ethereum-compatible smart contracts on-chain.
Ripple enables real-time cross-border transfers through its On-Demand Liquidity service, which uses $XRP as a common source of liquidity between countries.
Using $XRP as an intermediary currency eliminates the need for institutions to tie up capital in currency pairs.
Ripple adoption is growing in the global financial services industry, with clients including Travelex Bank, SBI Holdings and Santander. SWIFT has also conducted live tests with the Ripple network to facilitate payments.
While $XRP peaked above $3.6 this year, the token’s price briefly fell to $1.8 on October 10 after a brutal industry-wide flash crash that wiped out more than $19 billion in leveraged crypto positions.
However, $XRP has since recovered and is now trading sideways between $2.3 and $2.6 per token. Even at its current price of $2.45, the price of $XRP has risen almost 350% in the past year.
$XRP can be purchased through any major CEX or DEX.
All crypto products are volatile. Make sure you always do your own research before investing – and only invest what you are willing to lose. This article is not financial advice.
Written by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/best-altcoins-to-buy-xrp-etf-nears-approval/