$XRP Trader turns $2,500 into $200,000 by buying XRP with 500x leverage on Rollbit
XRP surged 26% during trading hours in the United States after Ripple Labs, the company behind XRP, received "final" approval from regulators to offer the stablecoin RLUSD in the U.S.
The savvy trader opened a position worth $2,560 when XRP was trading at $1.9025, and the leverage meant the position would be liquidated if the price dropped below $1.9004. The position was gradually closed between $2.13 and $2.29, realizing an actual profit of around 7,500%.
XRP is trading at $2.34 as it continues to outperform the broader market. TradingView data shows it has increased by 301% over the past 30 days.
It is important to note that trading with 500x leverage is a very high risk as the volatile nature of cryptocurrencies means that positions will be liquidated most of the time.
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Regardless of Fud or News, I still decide to choose $RDNT Radiant Capital has witnessed strong net selling in the past week with net CF recorded at -18.47M RDNT on the OKX platform. However, there is a paradox that last week, the price still fluctuated within the range of +35.36% and is currently at +19.11%.
The explanation for this paradox could be answered by the strong increase in long/short margin ratios and long/short loans. This is truly a significant driving force for the price potential of this token.
As the broader market sentiment improves and trading activity gains momentum, Real World Asset (RWA) altcoins are also witnessing a rally. The notable real-world asset token Parcl (PRCL) has shown significant growth in recent weeks and is one of the top coins to watch in December. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Parcl is a decentralized real estate trading platform. Its native token has recorded a price increase of 28% in the past seven days. The growing demand for the altcoin is reflected in its rising Relative Strength Index (RSI), which tracks market conditions to determine whether an asset is overbought or oversold.
At the time of writing, the RSI of PRCL is trending up at 60.13. This RSI indicates strong buying activity and shows potential for a prolonged rally.
If the demand for the altcoin is sustained, it will attempt to break above $0.31, the peak it last achieved in June. If buying pressure remains, PRCL will continue to rise towards $0.46, where there is significant resistance.
Things you should know about Polygon Ecosystems at the current time $POL
1. Polygon has made significant strides in becoming a multi-chain blockchain network with its PoS chain proposals transitioning to zkEVM validity and connecting the network with AggLayer.
2. Polygon Labs has integrated SP1, a zkVM built with Plonky3, to create pessimistic proofs for AggLayer. This integration ensures code security by preventing any chain from withdrawing more than its deposited amount, thereby enhancing the overall connectivity of the network, promoting safe and seamless asset transfers across chains.
3. Polygon PoS ended Q2 2024 with a total locked DeFi value of $1 billion. This places Polygon PoS among the top 10 networks by TVL and is expected to accelerate further with the synergies of AggLayer.
4. The Polygon Community Treasury has launched a $1 billion Community Grants Program to support developers and projects within the Polygon network. Over the next decade, the CGP will distribute 100 million POL tokens annually, managed by an independent Community Treasury Council.
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