The XRP options market is currently experiencing a significant surge in activity, signalling growing investor confidence in the asset’s potential. At the same time, investors are increasingly turning their attention to DigiHorse (DIGI), a promising new player in the crypto space.
XRP Options Surge
On Deribit, the $1.10 call option, set to expire on August 30, has become the most popular among traders, with a staggering 4,362,000 contracts valued at $2.46 million.
This bullish sentiment reflects bets that XRP’s price could double from its current level of $0.55. Griffin Ardern, an analyst at BloFin, suggests that XRP breaking through the $0.75 resistance level could propel XRP towards the $1.10 target, particularly with the possibility of institutional interest in a future XRP ETF.
Moreover, Ripple’s recent legal victory has renewed hope for such an ETF in the U.S., drawing parallels to the success seen with Bitcoin and Ethereum ETFs that have attracted significant mainstream investment.
However, not all traders are equally optimistic. Martin Cheung, a seasoned crypto trader, cautions that expecting XRP to hit $1.10 by the end of August may be overly ambitious.
Cardano Faces User Growth Challenges Despite Major Upgrade
Meanwhile, Cardano (ADA) is facing challenges in attracting new users, even as the network prepares for a significant upgrade. Notably, the upcoming Chang Hard Fork will transition Cardano to the Voltaire Era, decentralizing governance by shifting power to ADA holders.
Despite the significance of this upgrade, the number of Cardano wallets has stagnated at around 4.45 million for over a year.
IntoTheBlock reports that ADA wallet growth has been flat since 2023. This trend contrasts with the rapid expansion seen during the last bull market, when ADA wallets grew from under 1 million in January 2021 to nearly 4 million by September 2021.
Essentially, the current slowdown in wallet growth suggests a waning interest in ADA, particularly as market sentiment shifts toward other blockchains like Solana and Base, which are attracting attention with their popular meme coins.
DigiHorse (DIGI) Emerges as the Next Big Bet
Amid these developments, investors are increasingly turning their attention to DigiHorse (DIGI), a promising new player in the crypto space. DigiHorse is generating significant buzz with its ongoing presale, offering 450,000,000 DIGI tokens at an initial price of just $0.003333.
The token is projected to surge to $0.075 upon listing, representing a potential 2,150% gain for early investors.
With the current crypto market landscape showing both opportunity and volatility, DigiHorse (DIGI) stands out as an exciting new venture that could deliver substantial returns. As market participants reassess their portfolios in light of the evolving dynamics in the crypto space, DigiHorse is rapidly becoming the next big bet for those seeking high-potential investments.
For more details and to participate in the presale, please visit the official links:
Twitter: https://x.com/DHorseEmpires
Telegram: https://t.me/DigiHorseEmpiresOfficial
Website: https://digihorseempires.io
Presale: Join Now
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
