What happened?
The crypto market dipped about 2% in the past 24 hours, pushing total market cap down to roughly $3.85 trillion from $4.2 trillion a week ago. Major coins like XRP, Dogecoin and Cardano fell (XRP near $2.76, DOGE about $0.2267, ADA about $0.7757) while some smaller tokens lost even more. Despite the selloff, fundamentals and technicals look supportive for XRP, DOGE and ADA, and presales like PEPENODE raised $1.45M, showing ongoing investor interest.
Who does this affect?
This affects traders and investors holding XRP, DOGE and ADA who now see discounted entry points and higher short-term risk. It also matters to ETF applicants, institutional investors watching approvals, and retail speculators eyeing presales like PEPENODE that could spike on listing. Exchanges, market makers and portfolio managers are impacted too since shifts in liquidity and sentiment can quickly change volatility and spreads.
Why does this matter?
If XRP, DOGE and ADA ETFs get approved, big institutional inflows could arrive quickly and turn this dip into a strong rally, lifting prices across the market. Oversold indicators and discounted levels make these coins attractive to buyers, which could accelerate upside and tighten supply, especially for smaller-cap and presale tokens. In short, the pullback raises short-term volatility but sets the stage for potentially large market moves — ETF flows plus hype around presales could fuel a powerful end-of-year rally.