2024

Cardano

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In a recent <a href="https://x.com/Grayscale/status/1836845222690705788" rel="noopener noreferrer nofollow">tweet</a>, crypto asset manager Grayscale Investments provided a weekly snapshot of the top 10 crypto assets by one-week returns, and the results have left the crypto community buzzing.
XRP, the seventh largest cryptocurrency by market capitalization, led weekly returns among major cryptocurrencies.
<blockquote>
 📸 Grayscale Crypto Snapshot - AssetsOur weekly snapshot of the top 10 <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#crypto</a> assets by 1 week returns.-<a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a> <a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AVAX</a> <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BNB</a> <a href="https://twitter.com/search?q=%24TON&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TON</a> <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a> <a href="https://twitter.com/hashtag/ethereum?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ethereum</a> <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ADA</a> <a href="https://twitter.com/search?q=%24TRX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$TRX</a> <a href="https://t.co/lDA9PxwXpM" rel="noopener noreferrer nofollow">pic.twitter.com/lDA9PxwXpM</a>— Grayscale (@Grayscale) <a href="https://twitter.com/Grayscale/status/1836845222690705788?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 19, 2024</a>
</blockquote>
<a href="https://u.today/ripple-cto-reveals-whats-next-for-xrp-price-details" rel="noopener noreferrer nofollow">XRP</a> achieved a weekly gain of 9.6%, outperforming other major cryptocurrencies, including Avalanche, Bitcoin, Binance Coin and Toncoin, which posted weekly returns of 8.4%, 8.1%, 5.7% and 5.2% respectively.
Meanwhile, Dogecoin, Ethereum, Solana, Cardano and Tron trailed behind with returns of 3.1%, 1.9%, 1.8%, -1.5% and -2.2%, respectively.
In the past week, Grayscale announced the launch of the Grayscale XRP Trust, which helped propel the price of XRP up by about 10% to near-$0.588 on Sept. 12. The rise continued until Sept. 14, with XRP reaching highs of $0.599, where bulls encountered resistance, resulting in XRP range trading.
At the time of writing, XRP was down 1.19% in the last 24 hours to $0.58, as the crypto market faced slight profit-taking following a rally earlier in the week.
<h2 id="grayscale-spotlights-grayscale-xrp-trust">Grayscale spotlights Grayscale XRP trust</h2>
In a tweet, Grayscale stated that the Grayscale XRP Trust is currently open to eligible accredited investors seeking exposure to XRP, which powers the XRP Ledger, a distributed network used for cross-border payments.
Trusts are closed-end investments, which means that there is a set amount of shares accessible. Exchange-traded funds might have a different number of shares, which makes them more tradable.
Last year in July, Ripple scored a win over the Securities and Exchange Commission when a judge ruled that sales of the token to retail users through exchanges do not constitute a securities offering. The ruling opened the door to broader availability of XRP for trading.

Grayscale XRP Spotlight Stuns Crypto Community: Details

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