XRP will first need to break out of the wedge chart pattern | Bornfor_crypto on Binance Square

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XRP will first need to break out of the wedge chart pattern that has formed on its weekly charts, shared the trader.

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DEFI IS GOING MAINSTREAMS [Beware🎯] Decentralized Finance (DeFi) is rapidly transitioning from the fringes of the cryptocurrency world to the forefront of mainstream finance, driven by several key factors. Accessibility: DeFi's user-friendly interfaces and simplified onboarding processes have made it increasingly accessible to individuals with varying levels of technical expertise. This ease of use is drawing in a more diverse user base. Institutional Involvement: Traditional financial institutions, including banks and investment firms, are recognizing the potential of DeFi. They are exploring partnerships and investments, bridging the gap between traditional finance and DeFi. Tokenization of Real Assets: DeFi is expanding beyond cryptocurrencies to include tokenized versions of real-world assets like real estate, stocks, and commodities. This opens up new investment opportunities and attracts traditional investors. Global Financial Inclusion: DeFi is reaching unbanked and underbanked populations worldwide, offering them access to a wide range of financial services, from loans and savings to investments. Interoperability: DeFi protocols are becoming more interoperable, allowing users to move assets and liquidity seamlessly between different blockchain networks. This interconnectedness enhances the DeFi ecosystem. Regulatory Engagement: As DeFi gains prominence, regulatory bodies are actively engaging with the industry. While this brings regulatory challenges, it also signals the growing recognition and legitimacy of DeFi in the eyes of governments. As DeFi continues to evolve and address scalability, security, and regulatory concerns, it is well on its way to becoming a mainstream financial ecosystem. Its potential to democratize finance, increase accessibility, and redefine traditional financial systems makes it a transformative force in the world of finance. #DeFigoesMainstream #DeFiChallenge

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The well-known crypto analyst and trader, Michael van de Poppe, posted a Twitter thread on Sunday wherein he shared his thoughts and expectations for certain altcoins in the crypto market. In addition to his thoughts regarding the cryptos, he also included some strategies he was considering when it comes to trading the discussed cryptos.

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Bitcoin is threatening to break the narrow range to the downside.

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Speaking on a May 23 episode of Laura Shin’s Unchained podcast, Dan Berkovitz, who is also the former general counsel at the Securities and Exchange Commission (SEC) said it’s legally possible for ETH to fall under the jurisdiction of both regulatory agencies.

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