A very complete statement that blindly believing in meme coins will lead to gains
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Behind the surge in Ripple: the interweaving of speculative sentiment and self-fulfilling prophecy
1. Ripple’s surge: a temporary victory and irrational speculation The recent surge in Ripple (XRP) stems from its phased victory in the lawsuit against the U.S. Securities and Exchange Commission (SEC). This news has rekindled the market's confidence in the "old-time star coin". However, there is a lot of irrational speculation behind the rise. The risk of chasing high prices is obviously higher than the potential returns, and investors need to be extra cautious. 2. The influence of the prophet: self-fulfilling prophecy and market psychology manipulation Biggs, the prophet who predicted Trump's assassination, claimed on the show that Ripple would appreciate to $578 per coin. At the time, this statement was generally considered absurd, but as Ripple rose, the market began to verify this statement as a "prophecy." This kind of "self-fulfilling prophecy" is often a means of market manipulation. It doesn't matter whether the prophecy is credible. What matters is that the bookmaker needs to attract more funds to bet, and investors should be wary of being swept away by emotions.
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