XRP Is One Crypto This Analyst Won't Touch Again — Here's What He Prefers Instead
Analyst Scott Melker says he won’t touch XRP, expects 99% of tokens to fail, and favors Bitcoin and projects like ETH, SOL, HYPE with real utility and revenue.
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Cantor Fitzgerald analyst Gareth Gacetta maintains Hyperliquid Strategies (NASDAQ:PURR) with a Overweight and raises the price target from $22.6 to $34.2.
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Analyst Scott Melker says he won’t touch XRP, expects 99% of tokens to fail, and favors Bitcoin and projects like ETH, SOL, HYPE with real utility and revenue.
Bitwise has launched the Bitwise Lighter Staking ETP (BLIT) on Deutsche Börse Xetra, offering European investors exposure to LIT, the native token of the Lighter decentralized trading platform. The ETP tracks the Kaiko Lighter Reference Rate Index and is designed to generate staking yields. Lighter enables on-chain derivatives trading for cryptocurrencies and real-world assets with 24/7 trading capabilities, positioning itself as a competitor to Hyperliquid.
Crypto may be nearing a cyclical bottom as volumes slump; analysts favor Bitcoin, Ethereum and Dogecoin, while privacy coin Zcash gains attention.
U.S. stocks fell Friday as weak industrial data weighed; Dow slid 0.45%, materials lagged, energy rose, and European shares declined.