Today, Tether feels that the impact of this matter on the market is quite complex and involves many aspects. Let's discuss a few key points:
What is Tether?
Tether (USDT) is a digital currency that is pegged to the price of the US dollar.
The 'stock market' here refers to the market for USDT, meaning that when someone exchanges US dollars for USDT, those USDT disappear from the market.
Potential impacts of Tether:
Reduced supply, unchanged demand: If there is less USDT, but everyone still wants the same amount, then theoretically, USDT should become more valuable. However, since USDT is pegged to the US dollar, its price should remain stable.
Impact on the cryptocurrency community: Tether is widely used in cryptocurrency trading. This may affect trading volume, making transactions less smooth, especially when trading with USDT.
Market sentiment: People may feel that USDT has decreased, which could increase confidence in Tether and other stablecoins.
A few points to note:
The significance of the impact depends on the scale: If it's just a little, it may not have a major impact. Market conditions: The current state of the market, such as price fluctuations or overall sentiment, will affect people's views and the actual impact.
Regulatory scrutiny: Tether is currently under investigation by regulatory agencies regarding its reserves and operations. This may lead people to perceive it as more transparent and compliant, potentially increasing confidence.
In conclusion:
This information is just a casual discussion, not an investment advice.
If you really plan to invest, you should consult a professional financial advisor.
Next, I will focus on positioning for tenfold coins, which I will announce on my #公众号 #链上红玫瑰 .
For the upcoming positioning direction, I will guide everyone to target highly profitable opportunities in altcoins, especially those with great potential. An expected growth of over tenfold is not an issue. If you want to make big money in a bull market, like + comment, and I will take you through the entire bull market!
I have to say, I truly love this guy, XRP! That's right, it's him! But now, we need to discuss if it's the right time to get into XRP?
I know you might be thinking, "Is this guy serious?" But hold on, let's first take a look at the current situation of XRP, then we’ll see if it can take off!
Current overview of XRP:
Price: 2.12, even though it dropped a bit yesterday, we need to look at the bigger picture!
Market Cap: 125.15 billion, that's no small amount!
Trading Volume: 2.74 billion, the market is quite active!
Technical analysis:
Support Level: 2.05 to 2.10, if XRP can hold this, it can rise quickly! Resistance Level: 2.30 to 2.50, if it breaks through, it’ll be a whole new world! RSI: around 40, oversold signal is here, a rebound may be right around the corner!
Future potential predictions:
Short-term: Stabilize above 2.05, 2.30 is not a dream!
Mid-term: In the first quarter of 2025, once the SEC case is resolved, 3 to 4 dollars is totally possible!
Long-term: By 2025, with more users and regulations in place, 5 to 6 dollars, a historical new high is not a dream!
Is it the right time to get in?
Long-term holders: This potential stock, XRP, if it wins the SEC lawsuit, global expansion is not a dream, worth a shot!
Short-term traders: Above 2.30, wait for a clear breakout before taking action, guaranteed profit!
In summary: I’m optimistic about XRP, but don’t forget, the market has risks, and investment requires caution! However, XRP might just surprise us in the coming months!
What do you think? Is it time to get into XRP now? Let me know in the comments!
Next, I will focus on tenfold coins, and I will announce it on my #公众号 #链上红玫瑰 .
The current price of PEPE Coin is 0.000018 dollars. To reach 1 dollar, it would need to increase by 5.5 million times! Although cryptocurrencies like Bitcoin have seen terrifying increases in the past, it seems quite impossible for PEPE to reach 1 dollar by 2025. Just think about it: its market value would have to jump from 7.8 billion dollars to 400 billion dollars all at once. How could that be possible!
However, there is an analyst named Yazan who believes that PEPE Coin could rise to 0.0001648 dollars by 2025, which would be a 783% increase from its current price. He is predicting this based on the historical fluctuations of cryptocurrencies, stating that PEPE is currently in a 'charging' phase, and it might explode one day.
But, PEPE Coin's recent performance hasn't been great. It first rose to 0.00002830 dollars in December, and then it fell back down. Looking at its chart now, it resembles a downward triangle, which is not a good sign. Moreover, its current price is lower than the 50-day moving average; although it hasn't dropped below the 100-day moving average yet, if it continues to fall, it might drop to 0.00001192 dollars.
Of course, if the 'charging' phase that Yazan mentioned really comes, PEPE Coin might rise back to 0.00002830 dollars, or even continue to increase by 2025. However, this all depends on the overall cryptocurrency market, especially how Bitcoin performs, as it can lift PEPE along with it!
As for the upcoming strategic direction, I will guide everyone to target profitable opportunities in altcoins, especially those with high potential projects. An expected growth of over 10 times is certainly possible. If you want to make big money in a bull market, like + comment, and I’ll lead you through the entire bull market!
Dear viewers, do you know why XRP has recently dropped by 6%? The reason is that Ripple plans to release 1 billion XRP tokens on January 1, 2025! With so many tokens hitting the market, the number of sellers will increase, and naturally, the price will drop.
Moreover, the Federal Reserve is also in a tough spot; they have lowered their expectations for interest rate cuts, which has made the financial market even more uncertain. Risk assets like XRP are most affected by this uncertainty, and the price becomes unstable as a result.
Just look at how badly XRP has dropped these past few weeks; all the gains from before are almost gone, and it can’t even hold above $2 now. Investors are panicking, fearing that the price might continue to fall. In fact, the reason for this drop is not just that Ripple is releasing tokens, but also the impact of the entire market environment. When the Federal Reserve adjusts its policies, the entire financial market is shaken, and cryptocurrencies like XRP are no exception.
However, analysts have said that XRP may be in a correction phase right now, similar to early 2024. If it can get through this tough period and break the resistance level of $2.73, it might rebound to $3 or even hit a new all-time high! But this all depends on the market's conditions; we can only wait and see.
For the next strategic direction, I will guide everyone to target high-profit opportunities in altcoins, especially those with great potential. An expected growth of over 10 times is definitely possible. If you want to make big money in a bull market, like and comment, and I’ll help you plan for the entire bull market!
If you were still fantasizing that $PEPE could soar to 1 dollar, it's time to wake up! Although this cryptocurrency is wildly popular online, we need to open our eyes and take a good look at the numbers behind it.
To be honest, 1 dollar? That's simply a fantasy! The current price of Pepe Coin is only 0.000017 dollars. To rise to 1 dollar, what would the market cap need to be? It would need to be 420.69 trillion dollars! This number is larger than the combined GDP of all countries in the world! Plus, with its massive circulation, 420.69 trillion tokens, it's mathematically impossible for it to reach 1 dollar.
But let's not lose heart; market analysts say that by 2025, Pepe Coin might rise to 0.000041 dollars. Although it's still far from 1 dollar, compared to now, that's a 141% increase, which could be a small profit for us discerning investors.
Speaking of memecoins, they rely on speculation and hype, having little to do with actual value. Their prices go up and down like a roller coaster, and while you can make some quick money, it's not sustainable in the long run. So, when we invest, we need to be rational and not let unrealistic dreams of wealth cloud our judgment.
In summary, we need to have a clear understanding of Pepe Coin and not always think it can make us rich overnight. Investment carries risks, and one must be cautious when entering the market!
As for the next strategy direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential projects, where an expected growth of 10 times or more is not a problem. If you want to make big money in a bull market, give a like + leave a comment, and I'll take you through the entire bull market!
Hey everyone, Bitcoin has recently taken a big tumble, directly falling below the critical price level of $92,000. This drop is mainly due to a bunch of traders being forcibly liquidated. They had borrowed money to trade cryptocurrencies, and now they don't have enough funds, so they have to sell off their Bitcoin to pay back their loans. This selling caused the price to drop rapidly.
Liquidation is like a game of dominoes, one after another. Bitcoin is already known for its volatility, and with this liquidation, the price became even more unstable. In the past few days, traders have been eager to dump their positions, fearing liquidation, which has led to even steeper declines in Bitcoin's price.
Aside from liquidation, there are a bunch of other factors messing things up in the market. For instance, inflation, uncertainty in regulatory policies, and the fluctuating emotions of investors. These factors have stirred up the market, making traders more cautious and more reliant on leverage for trading. As a result, the more leveraged positions there are, the more frequent the liquidations become, making it even harder to stabilize Bitcoin's price.
So, can Bitcoin rebound from this? To be honest, nobody really knows. Although Bitcoin has weathered many storms in the past, whether it can get through this time depends on market sentiment, regulatory policies, and the attitudes of institutions. However, if liquidations continue to be this frequent, or if something goes wrong in the financial markets, Bitcoin might drop again.
In summary, this drop in Bitcoin has reminded us that trading cryptocurrencies carries risks, especially now when the market is highly volatile and leveraged. While it's normal for prices to fluctuate in the short term, the long-term trend of Bitcoin is still worth our attention. In the coming week, we need to closely monitor the market situation and liquidation activities to see where Bitcoin is headed.
As for the upcoming strategy, I will guide everyone to target the lucrative opportunities in altcoins, especially those promising projects, with an expected upside of over ten times. If you want to make big money in a bull market, like + comment, and I'll help you position for the entire bull market!
Worse yet, since June 2024, we haven't seen XRP experience three consecutive weeks of decline. Now it's getting closer to that critical $2 support level. Is it about to take a big dive? Let's analyze it together.
Alarm! Alarm! Key data is all red!
1️⃣ The futures market took a big hit
XRP's futures market feels like a deflated balloon, unable to bounce back. The open contracts have decreased by over 54% in three weeks, that's more than $2 billion gone just like that! Moreover, the financing rate has turned negative, which is a clear signal that traders believe it will drop further.
2️⃣ No movement from Binance
Investors in the spot market don't seem in a hurry to buy at low prices. Data from CryptoQuant indicates that since the massive sell-off in mid-December, Binance's XRP reserves have remained relatively unchanged. What does this mean? Investors might be worried about losing money again after buying.
3️⃣ The market has stagnated with the holidays
The holidays, besides good food and fun, have brought a significant decline in spot trading volume. With bulls taking a break, XRP's price is being firmly pressed down by this bearish momentum.
XRP's price is truly weak and disheartening
Technically speaking, XRP is indeed on a downward trend right now. Although this altcoin broke through the symmetrical triangle pattern on the daily chart, the situation isn't optimistic. As a result, the price might drop into the “puddle” between $1.80 and $1.95.
Looking at the 4-hour chart, XRP has again dropped below the critical 200-day EMA. The last time this happened was in November, but the bulls quickly rebounded. How about this time? Sigh, the situation is different now. A cryptocurrency analyst named @DomCrypto said, “XRP's price trend is really weak right now. If the $2 level can't hold, the next target is $1.90. Although I might be wrong, I'm already prepared for another drop.
For the next layout direction, I will guide everyone to aim for lucrative opportunities in altcoins, especially those with great potential. A projected upside of over 10 times is definitely possible. If you want to make big money in the bull market, like and comment, and I'll take you through the entire bull market.
Shiba Inu coin has truly gone all out this time, burning away the vast majority of the tokens, making them no longer in circulation. This big move might just bring a significant turnaround for $SHIB , making it scarce and in demand, and it could continue to rise!
With so many fewer tokens, the benefits are plenty:
More rare: With fewer items, they naturally become more valuable. Everyone wants it: With lower supply, those who genuinely want to invest become more interested. A promising future: SHIB is no longer just an internet celebrity coin; it could become a hardcore asset with long-term growth potential.
This major action is aimed at preventing money from depreciating too quickly, making SHIB more valuable and increasing trust in it. As a result, the price of SHIB is likely to soar.
Friends holding $SHIB should stay alert for the latest news, keep a long-term perspective, and diversify their investments; don’t put all your eggs in one basket. The fans of SHIB are charging ahead, and this token burn could be the beginning of an exciting new story for Shiba Inu coin!
As for the upcoming layout direction, I will guide everyone to target the profit opportunities in altcoins, especially those projects with high potential. An expected growth of over 10 times is definitely possible. If you want to make big money in a bull market, like and comment, and I’ll take you along to plan for the entire bull market!
As 2024 is drawing to a close, most people this year are probably losing more than they earn, especially from March to October, which has been quite torturous. It’s not easy now either, due to significant market volatility and steep corrections, particularly for those altcoins, where retail investors often suffer the most.
Some say the 2025 altcoin season will be exhilarating, feeling that this bull market is different from previous ones. But in my view, it’s pretty much the same; the cycle might be a little earlier or later, but the overall rhythm hasn’t changed.
If you understand some trend analysis and look at historical trends, you’ll have a rough idea. You need to magnify the oscillation indicators, looking at weekly or monthly charts, for instance.
Now, if the altcoin season really comes, can you make a profit in the crypto space?
The answer is definitely yes. As long as you don't mess around with contracts or go against the trend, it’s quite easy to make some money, and the profits can be pretty good. When the market is good, chasing highs and cutting losses can also lead to profits; in a short time, you might earn several years' worth of income. This is why the crypto space is attractive; after all, seizing opportunities can lead to a turnaround.
But there’s a harsh reality to face:
Most retail investors can’t hold onto the money they earn!
Why is that? On one hand, when a bull market arrives, good news is everywhere, and bloggers hype prices, making retail investors easily get carried away; some even sell their homes or leverage their positions. When the market crashes, they might find it impossible to recover. To make money in the crypto space, you need to enhance your understanding.
On the other hand, after a bull market comes a bear market, which usually lasts more than a year. During this time, many people get impatient and end up losing all the money they made in the bull market, with some even losing their principal. The bear market’s shakeout can be brutal; many newcomers and bloggers lose severely, and some even quit entirely.
Next, I will focus on tenfold coins, which I will announce on my #公众号 #链上红玫瑰 .
For the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those projects with high potential, where expectations of more than ten times returns are not a problem. If you want to make big money in the bull market, like and leave a comment, and I will take you along to layout the entire bull market!
Hey, fellow cryptocurrency explorers, today we are going to talk about a heart-pounding topic - SHIB, or Shiba Inu coin. This thing once made a lot of money for a group of early investors and became a veritable "millionaire maker".
Now, the question is: if you have $1,000 in SHIB now, can you turn yourself into a millionaire in 2030?
First, we have to do the math. How many SHIBs can you buy with $1,000? About 46.75 million. To turn these 46.75 million SHIBs into $1 million, the price of each token must rise to $0.02139.
But what about reality? According to Telegaon, by 2030, SHIB may only trade at a maximum price of $0.000712. This would put your investment at a value of just over $30,000, far from $1 million. Moreover, Telegaon also said that SHIB may not reach the $0.021 mark until between 2035 and 2040.
Changelly is even more pessimistic about SHIB. They believe that by 2030, SHIB may only trade at a maximum price of $0.000365. This would put your portfolio at a value of around $17,000, also far from $1 million. However, Changelly also predicts that SHIB will not reach the $0.021 mark until 2040.
Is it possible that SHIB's price can reach $0.021 faster?
To be honest, it's not easy. One of the big problems facing SHIB is that the supply is too large, with 589 trillion SHIB tokens in circulation. However, if the Shiba Inu team can make some big moves, such as developing a new destruction mechanism to destroy trillions of tokens every year, then maybe we can really see the birth of SHIB millionaires in advance
But then again, who can say for sure about investment? It's like riding a roller coaster, ups and downs, very exciting. So, if you really want to invest in SHIB, you have to be mentally prepared and don't be scared by the temporary rise and fall
For the next layout direction, I will lead everyone to aim at the profit opportunities of the copycat, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market
Take a look at USUAL's price trend in the past few days, it's like a diving competition, plunging all the way down. I've noticed many holders are panicking, directly labeling this token as a 'bad token' just because it hasn't been rising continuously. But to be honest, which token or stock can keep going up without stopping? The market fluctuates, and that's the norm.
I've been trading for a while, and I understand that these corrections can actually be quite beneficial. A truly good token is not the one that rises every day, but one with a solid foundation, clear goals, and a strong fan base. A drop in price doesn't mean the project is collapsing; it's just the market adjusting itself.
Feeling anxious when the price drops is normal, but it's at this moment that you need to be patient. Don't rush to act blindly; first, ask yourself: why did I invest in this token in the first place? If you still believe in its long-term prospects, then this drop could be a good opportunity to buy at a lower price.
Remember, the trough won't linger forever. In the market, there are rises and falls, but those reliable projects usually recover in the end. The key is to stay calm, do more research, and never let emotions take control. The path of trading requires patience; learning to deal with the lows is a necessary journey for every investor's growth.
Recently, I plan to position myself for a potential coin that is ready to explode; doubling my investment should be pretty simple. I'm also looking for some potential coins to hold until the end of the year, expecting a potential increase of more than 10 times is not a problem. If you want to keep up, like and comment, I'll share freely.
As a newcomer in the cryptocurrency world, do you feel like there are pitfalls everywhere? Don't worry, I'm here as an 'old bird' to give you some tips to ensure you thrive in the crypto space!
Make Your Own Decisions, Don't Trust 'Gurus'
There are many 'gurus' in the cryptocurrency world, but who can tell the real from the fake? Remember, investing is your own business, don’t be swayed by others’ words. Do your own research; that’s the hard truth!
Invest Spare Money, Don't Go All In
Investing in cryptocurrency is frighteningly risky, and with one wrong move, you could lose everything. So, play with spare money, and never touch your essential living expenses, let alone borrow to invest, or you will regret it!
Start with Mainstream Coins, Take Steady Steps
Mainstream coins like BTC and ETH have smaller fluctuations and stable long-term value. Newcomers should start with these before considering others once they gain experience. Altcoins can be too risky; newcomers should be cautious!
Stay Away from 'Pie in the Sky' Projects
Projects promising 'capital preservation with high returns' or 'guaranteed profits' are red flags. Remember, there are no free lunches; only traps fall from the sky. Don’t be blinded by these sweet words!
Learn Some Candlestick Basics, Don’t Get Hooked on Short-Term Trading
Learning some basic technical analysis can be helpful for investing. However, don't get obsessed with short-term trading; fees and mistakes can lead to faster losses. Holding quality assets for the long term is the way to go!
Protect Your Private Key, Don’t Leak It
The private key or mnemonic phrase of your wallet is the lifeline of your assets. It must be stored offline securely; never take screenshots or share it with anyone! Otherwise, your assets could be wiped out!
Stay Calm in the Face of FOMO
Seeing others making a fortune? Don’t get tempted. Often, chasing high prices leads to regret. Remember the popular saying in the crypto world: Buy in despair, sell in euphoria. Stay calm and don’t let emotions control you!
Ask When You Don’t Understand, Filter Information
As a newcomer, don’t hesitate to ask questions. You can join several cryptocurrency chat groups, but learn to discern true from false information. Especially when strangers contact you, be cautious and guard against scams!
Recently, I'm planning to scout a potential coin that's about to explode, doubling is quite simple, and I'm also preparing to find some potential coins to hold until the end of the year. A tenfold gain is definitely possible; if you want to keep up, like and comment for a free share.
Beginner's Cryptocurrency Trading Guide: Simple and Practical, Steady and Sure
Next, I will focus on laying out tenfold coins, which I will announce on my #公众号 #链上红玫瑰 .
Are you a newbie wanting to trade cryptocurrencies? No problem, I have a simple and practical strategy that will ensure you stand firm in the crypto world.
First, you need to learn to observe trends. If a strong coin has dropped for nine consecutive days at a high position, that’s a great time to enter the market. Don’t hesitate, decisively follow in; you might just make a fortune.
Conversely, if a certain coin has risen for two consecutive days, you need to be cautious. At this point, you should reduce your position in time to secure profits. Don’t be greedy, remember that the crypto market is highly volatile; timely profit-taking is the way to go.
Also, if a certain coin has surged more than 7%, there might be a chance for further gains the next day. At this time, you can continue to observe and see how the market reacts. But remember, don’t wait indefinitely; take action when it’s time to act.
For those big bull coins, you need to be patient. Don’t rush in just because it’s rising; wait until the correction has ended before considering. This way, you can safely enjoy the dividends of the rise.
If a certain coin has shown very little fluctuation for three consecutive days, you can observe for another three days. If there’s still no change, consider switching to another investment. After all, there are plenty of opportunities in the crypto world, don’t hang yourself on a single tree.
Moreover, you need to learn to read volume-price indicators. Trading volume is the soul of the crypto world; it reflects the market's activity level. When the coin price breaks through with volume at a low level, you need to pay attention; while at a high level with volume stagnation, you should decisively exit.
Remember, trading cryptocurrencies must follow the trend. Only those coins that are in an upward trend should be your first choice. Look at the 3-day, 30-day, 80-day, and 120-day moving averages; they can help you judge short-term, medium-term, and long-term trends. Following the trend increases your odds of success.
Recently, I plan to ambush a potential coin that is ready to explode; doubling your investment should be quite easy. At the same time, I also intend to find some potential coins to hold until the end of the year, expecting a space of ten times or more is not a problem. If you want to follow along, please like and leave a message for a free share.
In the recent round of adjustments in the cryptocurrency market, many digital currencies have suffered severe losses, while XRP's performance is particularly noteworthy, with its price drop far exceeding its peers, lingering around the sensitive zone of $2.
At this moment, market analysts are closely monitoring XRP's trend, trying to capture the potential momentum of this digital asset from the complex charts. They point out that a crucial support level is facing a severe test, and if it fails, XRP may plunge into the abyss of $1.
Looking back, XRP once rode the wave of market rebound triggered by Trump, soaring all the way up, skyrocketing from a low of $0.6 to nearly $3 in just one month. However, the good times didn’t last long; the sprint at the beginning of December failed to break through the $3 mark, instead becoming a turning point for its upward momentum.
Although the subsequent launch of stablecoins briefly injected new vitality into XRP, leading to a considerable surge, this momentum could not be sustained. Since reaching a local high on December 17, XRP has quietly slipped, with a drop exceeding 25%.
The last 24 hours have been particularly bitter for Ripple's cross-border tokens. XRP's price has once again declined, with a drop of 6%, struggling to maintain the psychological barrier of $2.
Many industry observers believe that $1.96 has become a lifeline for XRP to continue its previous excellent performance. Among them, Andrew Griffiths candidly pointed out that if this support level fails, XRP could plummet straight to $1. His remarks on social media have sparked a wave of discussion.
"The trading pattern of XRP seems to show signs of a bullish pennant, but if this pattern collapses, it will quickly fall below $1 into the abyss." Griffiths's words reveal concerns about XRP's future, "As Bitcoin has already peaked this year, we may witness further declines in XRP's price.
As for the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those projects with great potential, expecting a space of more than 10 times is definitely not a problem. If you want to make big money in a bull market, like and comment, and I will take you through the entire bull market!
At the end of the year and the beginning of the new year, the legal entanglements between the SEC (Securities and Exchange Commission) and Ripple have once again become the focus of the market. On December 29, a lively discussion regarding the court ruling quietly unfolded within the industry, a discussion that not only touches the nerves of the cryptocurrency sector but also leaves countless XRP investors feeling uneasy.
In this debate, well-known cryptocurrency lawyer Bill Morgan provided a compelling response to Fox Business senior reporter Charles Gasparino's criticism of Judge Analisa Torres' ruling in the Ripple case. Gasparino questioned the necessity of the ruling and pointed out that the judge may have lowered the disclosure standards for retail investors in the summary judgment, setting a precedent for the market. However, Morgan emphasized that the judge made the ruling based on solid evidence and pointed out the SEC's clear lack of evidence regarding profit expectations under the Howey Test. He further noted that the evidence provided by amicus attorney John E. Deaton is equally crucial, indicating that 'retail buyers did not expect to profit from Ripple’s efforts and were even unaware of Ripple.'
Gasparino also questioned Judge Torres' interpretation of securities law, arguing that there is a contradiction in how Ripple's private issuance and public sale are defined under securities law. This viewpoint undoubtedly deepens the confusion and concerns in the market.
As the SEC's appeal application approaches, XRP investors are becoming increasingly anxious. This debate not only highlights the complexity of the case but also raises doubts among investors about whether the SEC has sufficient evidence to overturn the ruling. The SEC must submit its opening statement before the January 15 deadline, and this action will directly determine whether investors will be able to see if the agency has the strength to turn the tide.
In the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those projects with great potential, where a projected space of over 10 times is certainly not a problem. If you want to make big money in a bull market, like and comment, and I will take you through the entire bull market!
In the rapidly changing cryptocurrency market, ADA Coin is quietly revealing a thought-provoking technical pattern—a descending wedge. This pattern resembles a warrior poised for action, waiting for the moment of transformation. It is not only a gem in the eyes of technical analysts but also indicates that ADA Coin may soon usher in a strong upward trend.
By observing the price chart of ADA Coin, we can easily see that its price is framed by this unique descending wedge. This pattern is often viewed as a consolidation phase in the market adjustment process; once the price successfully breaks through the support line, it will soar like a butterfly emerging from its cocoon, leading ADA Coin into a new upward channel. The ultimate target of this upward movement may point directly to the $1 mark, undoubtedly painting a hopeful picture for investors.
At the same time, the trend of Total3 is also worth noting. It stands proudly in the market with a bullish flag pattern, like a navigator leading the top ten tokens, including ADA, forward together. The rise of Total3 often stimulates the overall market vitality, providing additional momentum for the strong rise of ADA Coin. Therefore, for ADA investors, this is undoubtedly an opportunity to pay close attention to, filled with anticipation.
Looking at the liquidation and leverage level charts of ADA Coin, it seems that through Coinglass Supercharts, this professional tool reveals more secrets of the market. Around key price areas, high market activity resembles surging waves, indicating a fierce confrontation between support and resistance. Once the price breaks through these critical thresholds, its bullish potential will be unleashed like a torrent, unstoppable.
In the next layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, where a growth expectation of more than ten times is certainly possible. If you want to make big money in a bull market, like and leave a comment so I can take you through the entire bull market!
A young student born after 2000, Yang Qichao, launched a virtual currency named BFF on a distant overseas public chain platform. However, his sudden withdrawal of funds from the LP liquidity pool brought severe legal consequences upon himself.
Recently, on February 20, 2024, the People's Court of Nanyang High-tech Industrial Development Zone in Henan Province made a first-instance judgment, finding Yang Qichao guilty of fraud and sentencing him to four years and six months in prison, along with a fine of 30,000 yuan.
According to the prosecution, Yang Qichao meticulously planned a virtual currency scam. He fabricated a virtual currency to lure unsuspecting investors into mistakenly believing in it and investing up to 50,000 USDT. However, after the funds were received, he quickly withdrew the money from the liquidity pool, resulting in equivalent financial losses for the investors, constituting fraud.
In response to the charges, Yang Qichao attempted to defend himself by portraying himself as a “victim”: “I just took back the money that others had previously ‘cut’ from me; I also suffered losses from others ‘cutting’ me.” His words revealed a sense of helplessness and resentment.
The incident has sparked strong reactions across society. We can't help but ask, as young people pursue innovation and wealth, should they also pay more attention to the boundaries of the law and the bottom line of ethics? In the face of this emerging field of virtual currency, how should we find a balance between exploration and risk? This case undoubtedly serves as a wake-up call, reminding us that while pursuing our dreams, we must also maintain a clear mind and a strong legal awareness.
In the next strategic direction, I will lead everyone to aim for the lucrative opportunities in imitation projects, especially those with great potential, where a tenfold expected return is definitely achievable. If you want to make big money in a bull market, like and comment, and I'll take you through the entire bull market layout!
Looking back to 2017, XRP wrote an incredible legend. It soared from a trivial $0.003 to a peak of $3.31, leaving all skeptics speechless. This is not just a numerical leap, but an astonishing increase of 110,000%, turning a $1,000 investment into an astounding $1.1 million in just one year. This is not only a miracle of wealth but also a victory of belief.
Looking Ahead: Five Reasons for XRP's Rise
Echoes of History
XRP's past performance is like an epic saga, with every fluctuation filled with shock. It not only dominated during the upswings but also left a profound mark in the course of history. Today, the wheels of history seem to be turning again, and XRP is poised to prove its exceptional nature once more.
The Market is Ready to Surge
In the midst of an overall market downturn, XRP is like a spring that is quietly accumulating power. Once the timing is right, it will unleash an astonishing energy, leading the market to new heights.
The Community's Firm Belief
XRP's supporters form a strong and loyal community. United as one, they continuously drive the price upward. This firm belief is the powerful force propelling XRP forward.
Regulatory Clarity
As the legal disputes surrounding XRP gradually resolve, the pathway for institutional investors becomes clearer. The elimination of uncertainty will attract a significant influx of funds, injecting strong momentum into XRP's future development.
Experts' Strong Confidence
When industry experts like Armando Pantoja express confidence in XRP, we should listen carefully. This confidence is not unfounded, but based on thorough analysis and rational judgment grounded in data.
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Why will the price of XRP soar significantly in an uncertain market?
In the ever-changing cryptocurrency market, the future trajectory of XRP has always captured the attention of many investors. Recently, renowned analyst Armando Pantoja, an IBM Blockchain Award winner and an authoritative member of the Benzinga Cryptocurrency Advisory Board, conveyed a strong message to the market: amidst widespread uncertainty, investors should stop doubting XRP, as it may soon experience explosive growth.
The Calm Before the Explosion
In a recent analysis, Pantoja not only urged investors to set aside their doubts about XRP but also shared his profound insights on the imminent explosion of XRP. Despite XRP's astonishing 284% surge in November that shook the market, its upward momentum has slowed in the context of overall consolidation in the cryptocurrency market, raising widespread attention and uncertainty among investors. This uncertainty has led some investors to take profits, and Binance's XRP exchange reserves have risen from 2.79 billion tokens on December 16 to the current 2.93 billion tokens, indicating that market participants are actively adjusting their holding strategies.
Uncertainty Under Historical Shadows
XRP's poor performance in the 2021 bull market and the early stages of the current bull market has undoubtedly exacerbated market uncertainty. Even seasoned market participants like Raoul Pal have warned that XRP investors might miss the current bull market opportunity and have suggested looking for other more promising investment targets. However, Pantoja firmly rebutted these pessimistic voices. He pointed out that although XRP has faced setbacks in the past, its explosive growth during the 2017/2018 cycle provides valuable reference for investors. During that time, XRP skyrocketed from a low of $0.003 to an all-time high of $3.31 in January 2018, achieving an incredible growth of 110,233%.
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Why has Bitcoin declined today? What will the future trend be?
The market is constantly changing, and Bitcoin is no exception.
According to Santiment, despite recent positive signs of whales transferring stablecoins to exchanges in the cryptocurrency market, the overall market sentiment remains cautious. This trend is encouraging, but it does not seem to have immediately reversed Bitcoin's downward momentum. In fact, historically, the fourth quarter has been a strong period for Bitcoin and altcoins, but this year's market appears to have entered a cooling phase. This may be related to market adjustments following halving events, such as the halving event expected in 2024, which has previously triggered anticipatory market reactions.
External factors intertwined, Bitcoin's future is uncertain.
In addition to the influence of market cycles, external factors such as global liquidity and government actions are quietly changing Bitcoin's fate. Janet Yellen recently announced that the U.S. will reach its debt ceiling in mid-January, which undoubtedly adds more uncertainty to the market. In the future, if more money printing and quantitative easing policies are implemented, it may bring a glimmer of hope to assets like Bitcoin. But before that, the market still faces many challenges.
Looking ahead, what will the trend of Bitcoin be?
Looking ahead, January may be a relatively calm month, with real market activity likely to kick off in February. Historical data shows that March is often a strong month, but April and May may fall into consolidation due to the tax season. However, with the arrival of summer, the market may warm up again and continue until the fourth quarter.
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