XRP dip was a ‘healthy correction,’ Ether supply shock: Hodler’s Digest, July 20 – 26
Main Idea
Analysts view XRP's recent price drop as a healthy correction, while Galaxy Digital's CEO predicts Ether could outperform Bitcoin in the next six months due to supply constraints.
Key Points
1. XRP's price dropped 19% on Thursday, but analysts consider it a 'healthy correction' with potential for future gains.
2. Galaxy Digital CEO Michael Novogratz predicts Ether could outperform Bitcoin in the next 3-6 months, citing limited ETH supply and potential price discovery above $4,000.
3. BitMine Immersion Technologies acquired over $2 billion worth of Ether in 16 days, aiming to stake 5% of the total ETH supply.
4. Australian fintech Finder won a court case against ASIC, confirming its crypto yield product complied with financial regulations.
5. Memecoins inspired by Hulk Hogan and Ozzy Osbourne surged following tributes to the late celebrities.
Description
Analysts call XRP’s dip on Thursday a healthy correction, while Galaxy Digital’s CEO says Ether could outperform Bitcoin within the next six months, and other news.
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