👨🍳 Something’s cooking in the crypto kitchen!
On October 1st, 2024, Ripple is about to “pour” 1 billion XRP tokens into the market. It’s like adding too much spice to a dish — if you don’t balance it out, the result could fall flat. Similarly, the extra supply could cool down the price unless demand turns up the heat.
🍲 Chef’s forecast:
As in the kitchen, balance is key. In the past, similar XRP "unlocks" caused a short-term dip in price. But whether buyers can "fire up" the market enough to counter this pressure is the big question.
💡 Ingredients:
📈 Liquidity from Ripple
📉 Potential price pressure
🍳 Your caution when picking your strategy!
