This week in the world of cryptocurrency, there are several key developments that could have a significant impact on the price and adoption of certain altcoins. Three altcoins in particular, Ethereum, XRP, and Cosmos, are at the center of potentially market-shifting news.
First up is Ethereum, which could see a major boost in institutional investment if the first US spot Ethereum Exchange Traded Funds (ETFs) are approved. Industry experts like Nate Geraci and Eric Balchunas are optimistic about the approval coming this week, which could have a big impact on Ethereum’s liquidity and market exposure.
Next, XRP is in the spotlight as rumors swirl about a potential settlement in the ongoing legal battle with the SEC. Ripple Labs may be attending a private meeting with the SEC on July 18th, leading to speculation about a resolution to the case. This news could have a significant impact on XRP’s price and market sentiment.
Lastly, Cosmos is gearing up for a major network upgrade with the v18 release. This upgrade will focus on improving governance and transaction efficiency, with features like a permissioned CosmWasm and a Dynamic Fee Module. These enhancements could make Cosmos a more attractive option for users and investors alike.
Overall, this week is shaping up to be an exciting one for the world of cryptocurrency, with these three altcoins poised for potential market-shifting news. Stay tuned for updates on Ethereum, XRP, and Cosmos as the week unfolds.
