Ether, XRP, Solana, Cardano, DOGE, Shiba Inu Could See $12 Trillion in Inflows — Here’s Why
Main Idea
The article discusses the potential for significant investment in cryptocurrencies like Ethereum (ETH), XRP, Solana, and others, following regulatory changes that allow retirement accounts to invest in crypto, with analysts expressing bullish sentiments on ETH.
Key Points
1. President Donald Trump's regulatory changes have made it legal for 401(k) retirement accounts to invest in cryptocurrencies, potentially allowing up to $12 trillion to flow into assets like ETH and others.
2. Market players are overwhelmingly bullish on Ethereum (ETH), with one analyst noting that 29% of ETH's total supply is locked, which could lead to a significant supply squeeze.
3. Analysts predict that ETH could reach $7,500 if a breakout occurs, highlighting strong long-term potential for the asset.
4. The article mentions other cryptocurrencies like XRP, Solana, Cardano, and DOGE as part of the broader bullish sentiment in the crypto market.
Description
Crypto market players have collectively reacted positively to reports that President Trump is clearing the pathway for crypto and private equity in 401(k)s.
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