news 
Nasdaq Expands Crypto Index, Adds 4 New Assets – Impact on XRP and SOL?
The market is abuzz with the latest news from Nasdaq, as it announces the addition of four new assets to its benchmark crypto index. The newly added assets are Ripple (XRP), Solana (SOL), Stellar Lumens (XLM), and Cardano (ADA). This development is expected to have a significant impact on both XRP and SOL, two digital assets that have been making waves in the market recently.
The inclusion of these new assets will significantly enhance the scope of the Nasdaq Crypto Index, which currently tracks nine major cryptocurrencies. The index will now comprise of Bitcoin (BTC), Ethereum (ETH), and the newly added four coins – XRP, SOL, XLM, and ADA. This move is seen as a bold step towards providing investors with a broader range of investment options.
The sudden surge in XRP’s speculative interest following this news is not surprising, given its potential impact on the asset’s price. The partnership announcement between Ripple and Web Salon to support the digital asset ecosystem in Japan has been hailed as a positive development by many market participants. This move is expected to have long-term implications for XRP’s adoption and growth.
The addition of SOL also brings some excitement into the market, considering its recent performance. The asset has shown significant gains over the past few months, with no signs of slowing down. While the inclusion in Nasdaq’s crypto index may be seen as a positive by many investors, we must remember that the crypto market is highly volatile and unpredictable.
The data suggests that XRP’s price could potentially trend higher to $2.4 or $2.5 if the $2.3 mark holds as support. However, if this level of resistance fails, it could lead to a decline back down to $2.0. It remains to be seen how the market will react to these developments.
The author is Benjamin Njiri
Source: ambcrypto.com
