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Why are bots constantly manipulating the market? Are they malicious or they do it for a good will?
You may noticed that even in such a high volatile market, there is a constant buying/selling going on. Not all of them are made by people. Many are made by bots. They are referred to as rebalancing/market making bots.
Market making bots may take some profit but this is not their ultimate goal. But why are they trading without focusing on their profit?
These bots are trying to reduce volatility of the market. Stopping sudden jump or sudden dip. The reason is that they want to keep the coins as stable as possible and prevent abuse of single players. This prevents liquidation and high profit taking of individuals.
Another role of these bots is to normalize price over different exchanges. Eg. preventing high price differences between binance and coinbase. They sell/buy between different exchanges.
But, why in earth someone should try balance the networks and market? Actually most of these bots belong to companies.
Let me explain by example. Consider ripple company . It is trying to provide service for financial institutions. It uses $XRP as its liquidity back up. If the price of it fluctuates a lot, it is not interesting for those institutions (especially if it goes too much down), they want to have a reliable market. So, ripple, even though isn’t publicly announced, is most likely benefits from market making bots.
There are many companies providing such bots. They may provide promises on how much up or down the market can go. Cryptohupper, Wundertrading, Hummingbot etc are amongst such companies.
Nevertheless when a huge amount of money flows in or out of the market, these bots can’t do much to prevent sudden changes as they have limited liquidity. But you can see their role in particular in current $BTC and $ETH price temporary stabilization.
So if next time, you see your beloved coin doesn’t go up or down significantly, don’t curse the malicious evil manipulators, probably it is done by market making bots and you aren’t their target.
You may noticed that even in such a high volatile market, there is a constant buying/selling going on. Not all of them are made by people. Many are made by bots. They are referred to as rebalancing/market making bots.
Market making bots may take some profit but this is not their ultimate goal. But why are they trading without focusing on their profit?
These bots are trying to reduce volatility of the market. Stopping sudden jump or sudden dip. The reason is that they want to keep the coins as stable as possible and prevent abuse of single players. This prevents liquidation and high profit taking of individuals.
Another role of these bots is to normalize price over different exchanges. Eg. preventing high price differences between binance and coinbase. They sell/buy between different exchanges.
But, why in earth someone should try balance the networks and market? Actually most of these bots belong to companies.
Let me explain by example. Consider ripple company . It is trying to provide service for financial institutions. It uses $XRP as its liquidity back up. If the price of it fluctuates a lot, it is not interesting for those institutions (especially if it goes too much down), they want to have a reliable market. So, ripple, even though isn’t publicly announced, is most likely benefits from market making bots.
There are many companies providing such bots. They may provide promises on how much up or down the market can go. Cryptohupper, Wundertrading, Hummingbot etc are amongst such companies.
Nevertheless when a huge amount of money flows in or out of the market, these bots can’t do much to prevent sudden changes as they have limited liquidity. But you can see their role in particular in current $BTC and $ETH price temporary stabilization.
So if next time, you see your beloved coin doesn’t go up or down significantly, don’t curse the malicious evil manipulators, probably it is done by market making bots and you aren’t their target.
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$1350? 1350 yen? 1350 won?
$XRP
wait until the price is 1,350
wait until the price is 1,350
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Sol was drained by xrp
$SOL Wall Street is collectively speculating on sol. But those Wall Street guys didn't vote for Trump, so do you think Trump will stand with sol? He might even take care of those who eat inside and dig outside on Wall Street.
$XRP $BTC The Federal Reserve, the world’s largest private bank, represents the “old money,” while cryptocurrencies are the “new money.” It’s only natural for the Fed not to support cryptocurrencies. The clash between new and old forces will require more battles, but history always moves forward. The new forces are bound to win and will inevitably disrupt the current financial system. When that happens, the global financial system will have little to do with the Federal Reserve. That’s why I firmly believe in XRP.
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When will Ripple be listed?
XRP, don't look at it so low-key, it is definitely a digital currency with unlimited potential. After so many years of ups and downs, why do I still hold it firmly? Because it is not just a coin, it represents the transformation of the future financial system.
First of all, the biggest unfair prejudice of XRP is its relationship with Ripple. Many people have misunderstandings about Ripple and think that it is a traditional financial "play" project, but the fact is far from that. Can you imagine it? This coin is not born for "speculation". It has extremely strong practical application capabilities, especially in cross-border payments and interbank settlements. XRP is the only digital asset favored by major banks. Its transaction speed, low fees and liquidity cannot be easily surpassed by any cryptocurrency.
When I first saw this coin, many people said that it had "passed the best investment period", but I just didn't believe it and invested in it. From that moment on, I witnessed XRP soaring sharply from $0.2 per unit, and then rose to the top after adjustment. Can you imagine the income at that moment? This is not just a numerical profit, but also a wise return for early layout.
What attracts me most about XRP is not its short-term growth, but the powerful ecosystem behind it and the revolutionary potential of digital finance in the future. Believe it or not, XRP is the "invisible killer" in today's financial world. It is slowly eroding the market share of traditional payment methods. It has to be admitted that it plays a vital role in the layout of large banks and payment giants.
If you haven't seen its potential, you have really missed the future of the entire crypto market. Many countries and cross-border payment projects around the world are actively accepting it. The implementation technology and market influence of blockchain are absolutely irreplaceable advantages of XRP.
It is nothing more than a legal battle based on its background and the SEC's accusation. But have you ever thought that the outcome of this lawsuit is very likely to inject a steady stream of momentum into XRP. Believe me, once this lawsuit is over, it will not only be the freedom of XRP, but its application will also be greatly released.
There is another secret I forgot to tell you. I heard that if you like, comment, support and reward, institutions will pull the market when they see this article. Try it quickly, and you will be the next one to get rich.
First of all, the biggest unfair prejudice of XRP is its relationship with Ripple. Many people have misunderstandings about Ripple and think that it is a traditional financial "play" project, but the fact is far from that. Can you imagine it? This coin is not born for "speculation". It has extremely strong practical application capabilities, especially in cross-border payments and interbank settlements. XRP is the only digital asset favored by major banks. Its transaction speed, low fees and liquidity cannot be easily surpassed by any cryptocurrency.
When I first saw this coin, many people said that it had "passed the best investment period", but I just didn't believe it and invested in it. From that moment on, I witnessed XRP soaring sharply from $0.2 per unit, and then rose to the top after adjustment. Can you imagine the income at that moment? This is not just a numerical profit, but also a wise return for early layout.
What attracts me most about XRP is not its short-term growth, but the powerful ecosystem behind it and the revolutionary potential of digital finance in the future. Believe it or not, XRP is the "invisible killer" in today's financial world. It is slowly eroding the market share of traditional payment methods. It has to be admitted that it plays a vital role in the layout of large banks and payment giants.
If you haven't seen its potential, you have really missed the future of the entire crypto market. Many countries and cross-border payment projects around the world are actively accepting it. The implementation technology and market influence of blockchain are absolutely irreplaceable advantages of XRP.
It is nothing more than a legal battle based on its background and the SEC's accusation. But have you ever thought that the outcome of this lawsuit is very likely to inject a steady stream of momentum into XRP. Believe me, once this lawsuit is over, it will not only be the freedom of XRP, but its application will also be greatly released.
There is another secret I forgot to tell you. I heard that if you like, comment, support and reward, institutions will pull the market when they see this article. Try it quickly, and you will be the next one to get rich.
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Then why are you here?
$XRP XRP will never cross 3 dollars because XRP is the playground of whales.
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Hope to be listed on a major exchange
$XRP
Ripple's US dollar stablecoin RLUSD was officially launched on December 17, 2024, and listed on exchanges. Below are the details regarding the release of RLUSD:
1. Release date: RLUSD was launched on December 17, 2024.
2. Listing exchanges: RLUSD will initially be available on platforms such as Uphold, MoonPay, Archax, and CoinMENA, with plans to launch on Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and more in the coming weeks.
3. Independent audit: Ripple will hire an independent auditing firm to create proof of RLUSD's reserve assets to enhance transparency, with plans to publish these proofs monthly.
4. Asset backing: RLUSD is fully backed by USD deposits, U.S. government bonds, and cash equivalents, aiming to maintain a stable price of 1 dollar.
5. Regulatory approval: RLUSD has received final approval from the New York Department of Financial Services (NYDFS).
6. Market positioning: Ripple aims to capture market share in the rapidly growing stablecoin market, currently dominated by Tether's USDT and Circle's USDC tokens.
7. Advisory committee: Ripple has also added two notable former central bank governors to its stablecoin advisory committee to assist with the launch process.
8. Price volatility warning: Although RLUSD is designed to maintain a price of 1 dollar, price fluctuations may occur due to limited early supply.
#xrp #ripple
Ripple's US dollar stablecoin RLUSD was officially launched on December 17, 2024, and listed on exchanges. Below are the details regarding the release of RLUSD:
1. Release date: RLUSD was launched on December 17, 2024.
2. Listing exchanges: RLUSD will initially be available on platforms such as Uphold, MoonPay, Archax, and CoinMENA, with plans to launch on Bitso, Bullish, Bitstamp, Mercado Bitcoin, Independent Reserve, Zero Hash, and more in the coming weeks.
3. Independent audit: Ripple will hire an independent auditing firm to create proof of RLUSD's reserve assets to enhance transparency, with plans to publish these proofs monthly.
4. Asset backing: RLUSD is fully backed by USD deposits, U.S. government bonds, and cash equivalents, aiming to maintain a stable price of 1 dollar.
5. Regulatory approval: RLUSD has received final approval from the New York Department of Financial Services (NYDFS).
6. Market positioning: Ripple aims to capture market share in the rapidly growing stablecoin market, currently dominated by Tether's USDT and Circle's USDC tokens.
7. Advisory committee: Ripple has also added two notable former central bank governors to its stablecoin advisory committee to assist with the launch process.
8. Price volatility warning: Although RLUSD is designed to maintain a price of 1 dollar, price fluctuations may occur due to limited early supply.
#xrp #ripple
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So when does XRP start to rocket into the sky?
$XRP blackrock wants you to sell it so bad. they want the small retail to give up so they can swoop it all up and maintain superior whale status. control xrp stocks to cyclically sell it to you after they make their money cycle after cycle.
dont be fools. just buy more and hold. hold it for years.xrp is a long term investment.
collect a good amount now. sell it of bit by bit during the first and second big pumps.let it fall buy more. do it all over again. but make your big buys now because it wont be as low as this as the years go by.
#xrpstrategy #XRP #doaswhalesdo
dont be fools. just buy more and hold. hold it for years.xrp is a long term investment.
collect a good amount now. sell it of bit by bit during the first and second big pumps.let it fall buy more. do it all over again. but make your big buys now because it wont be as low as this as the years go by.
#xrpstrategy #XRP #doaswhalesdo
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The quantity to be destroyed can be ignored
Ripple CTO Reveals Shocking Truth About XRP Destruction Mechanism
Watch the live stream to understand the bull market!!!
In the ongoing discussion within the XRP community about XRP destruction, a user asked: What would happen if trillions of RLUSD tokens moved on the XRP ledger every day? What would happen if XRP were destroyed when sending RLUSD on the XRP ledger? Ripple's CTO David Schwartz quickly intervened to explain in detail how the XRP destruction mechanism works and its impact on XRP and RLUSD.
How XRP Destruction Works
David Schwartz explained that the XRP destruction mechanism is a unique feature of the XRP ledger that helps ensure the network is secure and efficient. Each time a transaction occurs, whether it's XRP or RLUSD, a small fee is charged in XRP. This fee is not returned to the system; instead, it is permanently removed or "destroyed," and no longer in circulation.
Although the amount destroyed per transaction is very small, typically around 0.00001 XRP, the process will still help reduce the total supply of XRP over time.
Schwartz noted that even if transaction volumes increase, the amount of XRP destroyed may still be small. He pointed out that even if systems like SWIFT, Visa, and Mastercard, which handle billions of transactions daily, implemented XRP destruction, it would only account for about 0.0075% of the total annual supply of XRP.
How Fees Work on the XRP Ledger
David Schwartz even clarified how transaction fees work. Ripple's RLUSD is a stablecoin built on the XRP ledger and follows the same fee structure. Although RLUSD is a separate asset, its transactions still consume XRP. This means that every time RLUSD is used, the total supply of XRP may decrease, but the impact is minimal.
As activity increases, fees may slightly rise, but this ensures that spam transactions are prevented, allowing for faster movement of important transactions.
Watch the live stream to understand the bull market!!!
Watch the live stream to understand the bull market!!!
In the ongoing discussion within the XRP community about XRP destruction, a user asked: What would happen if trillions of RLUSD tokens moved on the XRP ledger every day? What would happen if XRP were destroyed when sending RLUSD on the XRP ledger? Ripple's CTO David Schwartz quickly intervened to explain in detail how the XRP destruction mechanism works and its impact on XRP and RLUSD.
How XRP Destruction Works
David Schwartz explained that the XRP destruction mechanism is a unique feature of the XRP ledger that helps ensure the network is secure and efficient. Each time a transaction occurs, whether it's XRP or RLUSD, a small fee is charged in XRP. This fee is not returned to the system; instead, it is permanently removed or "destroyed," and no longer in circulation.
Although the amount destroyed per transaction is very small, typically around 0.00001 XRP, the process will still help reduce the total supply of XRP over time.
Schwartz noted that even if transaction volumes increase, the amount of XRP destroyed may still be small. He pointed out that even if systems like SWIFT, Visa, and Mastercard, which handle billions of transactions daily, implemented XRP destruction, it would only account for about 0.0075% of the total annual supply of XRP.
How Fees Work on the XRP Ledger
David Schwartz even clarified how transaction fees work. Ripple's RLUSD is a stablecoin built on the XRP ledger and follows the same fee structure. Although RLUSD is a separate asset, its transactions still consume XRP. This means that every time RLUSD is used, the total supply of XRP may decrease, but the impact is minimal.
As activity increases, fees may slightly rise, but this ensures that spam transactions are prevented, allowing for faster movement of important transactions.
Watch the live stream to understand the bull market!!!
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So what😿
Quoted content has been removed
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The rewards for staking this coin $OM are nearly 20%, and it keeps rising nonstop, feels like a cash machine 😂
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Because of the DEXX incident, the funds of $SOL chain to fight against local dogs have all returned, and SOL can only rise, which is why local dogs have fallen. By the way, besides DEXX, where else can I fight against local dogs?
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$OM I didn’t make much profit last time so I sold it. This time I locked the position directly after buying it