Key takeaways
- XRP’s price rose more than 80% in a week to reach $1 amid favorable regulatory developments.
- Vantard’s presale has raised $838,000 as more investors join the project.
XRP price climbs to $1
XRP, the native token of Ripple, has gained more than 80% over the past seven days. This surge pushed the token past the psychological $1 level and ahead of Dogecoin to become the sixth-largest cryptocurrency by market capitalization.
At the time of writing, XRP’s price stands at $1.07 and could push higher. The rally coincides with renewed legal pressure on the U.S. SEC, a development market participants view as potentially favorable for Ripple and its native token.
On Thursday, a group of state attorneys general and the DeFi Education Fund filed suit against the regulator, alleging unconstitutional overreach. The filing accuses the SEC of exceeding its authority by taking coercive actions against digital asset trading platforms.
Investors are also optimistic about the potential launch of an exchange-traded fund (ETF) focused on XRP, which has helped support market sentiment.
What is Vantard (VTARD)?
Bitcoin, XRP, Dogecoin, Solana and Ether have all posted strong gains in recent weeks. With fresh capital flowing into the crypto industry, many investors are turning their attention to new projects. Vantard is drawing interest as the first Solana-based meme coin index, designed to help investors access the growing $45 billion meme coin market.
The team explains that holders of the native $VTARD token can redeem tokens for a proportional share of the treasury’s underlying assets. Vantard will maintain a portfolio of leading Solana-based meme coins.
Vantard’s main feature allows investors to broaden their crypto exposure by including curated meme coin projects. This is notable given the rising prominence of meme coins within the crypto ecosystem (Litecoin recently rebranded itself as a meme coin).
By offering diversified exposure to meme coins, Vantard aims to enable investors to participate in the “meme coin supercycle” while gaining access to new, promising projects. The index also fills a market gap: meme coins have outperformed many other crypto sectors in recent years.
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Vantard presale surpasses $835,000
Vantard’s presale has gained momentum in recent weeks, raising over $835,000 so far. This seed-stage funding comes after the project previously raised $500,000 during its pre-seed round.
According to the Vantard website, the $VTARD token is currently priced at $0.00014 and is planned to increase to $0.00015 in the next phase.
Investors can purchase $VTARD tokens directly through Vantard’s site using USDC, USDT or Ethereum (ETH) as payment methods.
As the first Solana-based meme coin index, Vantard intends to benefit from Solana’s strong position as a blockchain for meme coins and DeFi protocols, offering potential advantages to investors.
With meme coins holding a combined market capitalization above $40 billion, the sector has shown robust growth. Vantard seeks to capture value by selecting top Solana meme projects, helping investors avoid low-quality or fraudulent tokens and enabling exposure to leading meme coin initiatives.
Why buy $VTARD now?
Vantard is currently in presale, offering discounted token pricing to early buyers. Investors can purchase $VTARD before it lists on major crypto exchanges. The token is selling at $0.00013 per unit during the current stage, with a planned rise to $0.00014 in the next phase.
As the first Solana meme coin index, Vantard has the potential to be among the top-performing crypto assets in this bullish cycle.