The Daily Breakdown looks at XRP after its five-day, 50% surge from $1 into the $1.50 to $1.60 range. Cartesi and SKALE are also discussed.
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Crypto Corner
We’re continuing our talk about the ins and outs of the crypto market, helping investors become more familiar with the 110+ cryptoassets offered by eToro. Today we’ll discuss Cartesi and SKALE.
Cartesi (CTSI): Trading near $0.025 with a market cap of ~$24.5 million
Cartesi is a modular rollup framework that gives each dApp dedicated compute and lets developers use Linux, RISC-V, familiar languages, and established software libraries beyond the EVM’s limits. Its app-specific rollups can operate as Layer 2s, Layer 3s, or sovereign networks. CTSI supports staking, governance, and ecosystem incentives, with a planned role in Cartesi’s validator marketplace.
SKALE Network (SKL): Trading near $0.003 with a market cap of ~$24.5 million
SKALE is an Ethereum-native network of EVM-compatible Layer-1 appchains offering dedicated compute, pooled validator security, near-instant finality, and zero gas fees for users. Chain owners prepay for resources through subscriptions, supporting gaming, DeFi, AI agents, and other high-volume applications. SKL is staked or delegated to secure validators, used to pay for SKALE Chains, and supports governance.
Check out these crypto offerings — and many more — on eToro’s Discover page and consider adding them to your watchlist. CTSI and SKL are not currently available for NY users. Learn more.
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The Setup — XRP
With a $92 billion market cap, XRP is one of the world’s largest cryptocurrencies. After recently falling toward $1, XRP has ridden a five-day 50% surge into the $1.50 to $1.60 zone — an area that acted as resistance earlier this year. A breakout could give bulls confidence that the rally has further to run.
What Wall Street’s Watching
DKS
Dick’s Sporting Goods shares fell roughly 15% in premarket trading after quarterly earnings and revenue missed expectations. The company also lowered its full-year outlook, citing a challenging athletic footwear and apparel market. Foot Locker comparable sales fell 3.6%, weighing on the revised guidance, while Nike trading lower too. Dig into DKS.
BTC
Bitcoin topped the $80,000 level this morning, doing so for the first time since mid-May. The three-day, 21% rally in BTC has helped spark a bigger overall jump in the crypto space. Now higher in 7 of the past 8 sessions, investors are wondering if BTC’s rally has more room to run or if a pullback is in need. Check out the charts for BTC.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.