There will be a decline to the next important support level $3.3 And will be a rebound from this level to $3.6. Then the price will rapidly fall to $3.0. After a long lateral movement in the range of $2.9-3.1 will determine the further fate of the cryptocurrency.
Hamsters, I'm sorry. But you've already been shaved for 5 days in a row. There is still an opportunity to sell at the current price.
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TheFacts
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$RAY
Throw of this coin while its price is normal. Just think about it, look at the data. The fact is that only 52% of all mined $RAY are now in trading (pic. 1). When the remaining half of coins will be mined and begin to be sold on the market, its price will collapse instantly.
If you don't sell now, you may regret it, but it will be too late.
Whales have been coming out for a long time (pic. 2).
Don't give in to the euphoria in the crypto market. Let's remember what cryptocurrency is. I'm not talking about blockchain technology. Any cryptocurrency is an asset that everyone buys to sell it for more later. The absolute majority don’t use crypto for other purposes, for example to pay bills and transfers. That is, cryptocurrency have no real value now, it’s only a speculative asset. Whether you want to agree with it or not, it’s a fact. Even 10 years ago, crypto enthusiasts claimed that soon the whole world would actively use cryptocurrencies and pay with them in stores, but this never happened. On the contrary, many companies have refused to accept payments in cryptocurrencies due to the excessive volatility of their prices.
The crypto hype around Trump is dubious. In a 2021 Fox News interview (https://video.foxbusiness.com/v/6257768965001), Trump called Bitcoin a scam. As the 2024 election approach, his rhetoric on cryptocurrency regulation has softened. He has won the sympathy of the voters from crypto industry by changing his statements about crypto. He is probably not a fan of cryptocurrencies at all, time will tell. In any case, the current crypto boom and excitement are artificial. ETFs and MSTR played a special role, making significant purchases. The first ones don’t risk their money, but invest the money of trusting investors. And the latter, in our opinion, are actually risking future bankruptcy if the price of the first cryptocurrency falls below $60,000. And again, everyone is buying Bitcoin to sell it later for a higher price. But will people buy it at $110,000 or $120,000 when all this hype is over? There is huge doubt.
Over the past 30 days, long-term holders sold ~830K Bitcoins for ~$82B to retail investors (Cryptoquant). These retail investors may become "hamsters". The fact is that a correction is beginning, related to the negative military-political and economic situation in the world. Now is the best time to sell. Also https://x.com/realDonaldTrump/status/1149472282584072192 #DYOR $BTC , $ETH , $XRP
Throw of this coin while its price is normal. Just think about it, look at the data. The fact is that only 52% of all mined $RAY are now in trading (pic. 1). When the remaining half of coins will be mined and begin to be sold on the market, its price will collapse instantly.
If you don't sell now, you may regret it, but it will be too late.
Whales have been coming out for a long time (pic. 2).
What is a #BitcoinETF and #ETHETF ? Why do many people naively believe that ETFs organizers are the big buyers of BTC or ETH? No no and one more time no. In simple terms, a ETF is simply an intermediary between the buyer of cryptocoin and its seller. This is a kind of financial instrument. That is, to buy cryptocoin, a buyer who does not want to bother with crypto exchanges goes to a ETF and buys a document there that confirms that the buyer has different cryptocoin. You have to understand that these large institutions that organize the ETF do not buy it themselves. That is, to be more precise, ETF funds buy for example BTC or ETH for their clients and with the funds of their clients. But they don’t buy it for themselves and with their own funds. Thus, it is very unlikely that they will be able to influence the growth of the price of BTC or ETH. Moreover, in fact, ETFs do not even risk their income from changes in the price of cryptocoin. It doesn’t matter whether its price rises or falls, for each transaction the fund earns a commission from 0.25%. From this point of view, these funds are useless. In fact, it is even easier and more cost effective to buy any cryptocurrencies through spot or DEX exchanges, bypassing the unnecessary intermediary. Considering all of the above, there is doubt that Bitcoin or other ETF funds will have a good future and will somehow significantly affect the market.
My dears Do you really believe that you can influence the price of Bitcoin? Know, that 2113 addresses (there may be even fewer people) control exactly 40% of all bitcoins. Look at the $BTC distribution for today. If these whales place at least 1% of their bitcoins on exchanges, the price will immediately and seriously adjust.
When will Bitcoin really grow up? Now the distribution of bitcoins does not even reach 0.7% of all humanity. When bitcoins become widely used as a payment instrument, then its price will rise significantly.
Now it's just a speculative asset and nothing more. The price has gone far ahead, and the asset itself does not have so much real benefit. So don't forget about it. The risk that the price may fall significantly is always present.