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Who are the whales and how do they manipulate prices?
How do whales manipulate prices?
Trading in financial markets, including cryptocurrencies, is largely influenced by supply and demand factors. However, there is a category known as “whales,” individuals or institutions that own large amounts of digital assets. Due to their immense financial power, these whales can manipulate the markets for personal gain. In this article, we will discuss the methods whales use to manipulate prices and the impact this has on small investors.
Trading in financial markets, including cryptocurrencies, is largely influenced by supply and demand factors. However, there is a category known as “whales,” individuals or institutions that own large amounts of digital assets. Due to their immense financial power, these whales can manipulate the markets for personal gain. In this article, we will discuss the methods whales use to manipulate prices and the impact this has on small investors.
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Whales Accumulate XRP: An Indicator of Big Investor Confidence 🐋🐋💰🚀🧠📊🔥
$XRP
Ripple's XRP has seen significant movement from major investors in recent times, with whales taking advantage of the currency's low price to accumulate large amounts.
According to reports, when the price of XRP dropped from $2.9 to $2.2, whales purchased 120 million XRP, which is worth around $288 million. This large accumulation reflects the confidence of this group of investors in the future value of the currency, especially with the rising hopes of a settlement of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC).
Ripple's XRP has seen significant movement from major investors in recent times, with whales taking advantage of the currency's low price to accumulate large amounts.
According to reports, when the price of XRP dropped from $2.9 to $2.2, whales purchased 120 million XRP, which is worth around $288 million. This large accumulation reflects the confidence of this group of investors in the future value of the currency, especially with the rising hopes of a settlement of the legal dispute between Ripple and the US Securities and Exchange Commission (SEC).
Dogecoin Set to Soar as Altcoin Season Nears and Bull Run Gains Momentum
Dogecoin is showing signs of upward momentum with its current price between $0.3868 and $0.4724. Over the past month, it has surged by over 155%, indicating strong investor interest. The 10-day simple moving average is slightly above the 100-day average, suggesting a positive trend. The Relative Strength Index (RSI) is around 50, implying the coin is not overbought. If Dogecoin breaks the nearest resistance level at $0.5042, it could target the next resistance near $0.5898, potentially increasing by another 20%. With the anticipated altcoin season and a bullish crypto market, Dogecoin may be set for significant growth in the coming weeks.
#BecomeCreator #withBinance
$BTC
$DOGE
Dogecoin is showing signs of upward momentum with its current price between $0.3868 and $0.4724. Over the past month, it has surged by over 155%, indicating strong investor interest. The 10-day simple moving average is slightly above the 100-day average, suggesting a positive trend. The Relative Strength Index (RSI) is around 50, implying the coin is not overbought. If Dogecoin breaks the nearest resistance level at $0.5042, it could target the next resistance near $0.5898, potentially increasing by another 20%. With the anticipated altcoin season and a bullish crypto market, Dogecoin may be set for significant growth in the coming weeks.
#BecomeCreator #withBinance
$BTC
$DOGE
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Binance, the world's leading cryptocurrency exchange, offers innovative opportunities for beginners to build their cryptocurrency portfolio with no risks. Here’s how you can start earning and make the most of these features.
How to earn on Binance: A step-by-step guide
1. Create and share content
Contribute to the Binance ecosystem by creating valuable and engaging content. Write about cryptocurrency trends, share ideas, or explain Binance features to earn while growing your presence in the community.
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Volatility in the crypto market is inevitable. In less than 24 hours there was a surprising drop.
$BTC -3.02% in less than 24 hours fell more than $5,000.00.
$BTC supporters predict a drop below $90,000.00 before 12/31/2024. It is recommended to save through Stablecoin so as not to lose.
Altcoins fall $ETH
Keeping calm amid the crypto shakeup is necessary, it may be a difficult time for those who have not saved.
I am taking advantage of this drop to finance coins.
#withbinance
Save so as not to lose.
$BTC -3.02% in less than 24 hours fell more than $5,000.00.
$BTC supporters predict a drop below $90,000.00 before 12/31/2024. It is recommended to save through Stablecoin so as not to lose.
Altcoins fall $ETH
Keeping calm amid the crypto shakeup is necessary, it may be a difficult time for those who have not saved.
I am taking advantage of this drop to finance coins.
#withbinance
Save so as not to lose.