The post Top Ripple (XRP) and Cardano (ADA) Wallets Backed PropiChain’s Token Presale, Here’s Why appeared on BitcoinEthereumNews.com.

Ripple (XRP) and Cardano (ADA) have faced market headwinds, forcing them to underperform in the past month. As a result, major Ripple and Cardano wallet holders are making strategic moves into PropiChain’s (PCHAIN) token presale, signaling interest in the upcoming project’s real estate tokenization platform. The shift comes as Ripple and Cardano have lost more than 7% in a month. Market observers suggest this underperformance could linger around for longer as there are no immediate catalysts to push XRP and ADA prices higher. The current market downturn is projected to be over soon, with investors actively seeking fresh opportunities. PropiChain has become the go-to token presale for investors seeking substantial gains. Join PCHAIN’s presale today to tokenize real estate and enjoy fractional ownership of global properties. Ripple CEO: XRP ETF is ‘Inevitable’ In an interview with Bloomberg, Ripple CEO Brad Garlinghouse said that approval of an XRP ETF is inevitable. The CEO further added that institutional interest in XRP has increased, resulting in several XRP ETF filings. If an XRP ETF is approved soon, it will be a big win for Ripple. Ripple has been on a prolonged downtrend, with XRP losing 4.3% in the past year. Analysts predict another slide for Ripple, with XRP potentially falling to $0.45 in Q1 2025. However, Ripple could benefit if Bitcoin (BTC) hits a new all-time high, allowing altcoins to flourish. Ripple is trading at $0.5279. Analyst: Cardano Lacks Momentum An analyst has criticized Cardano, saying it has failed to build momentum to drive ADA’s price higher. Cardano has been downtrend since reaching its 2024 high in late Q1. ADA is trading at $0.3428, about 7.2% lower than a month ago. The analyst noted that Cardano has reached the local for its current trading range. Cardano is projected to fall to $0.312 in…

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Filed under: News - @ November 1, 2024 11:23 pm