get your profit and move on...it's going downhill for now
Zoina Shaikh
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Bikajellegű
Stop Panicking: Alt Season Isn’t Over! Here’s All You Need to Know🚀
The crypto market often experiences a dump before the holidays, but this time it feels like more than just seasonal; it's pure manipulation. Remember, the crypto market is relatively new and easily manipulated. 😨 I've warned before about not over-leveraging because market makers and operators are out there to capitalize on your losses. 🎭 So, what should you do now?
✅Avoid Checking Your Portfolio:🔒 It's going to run back up; there's no need to worry.
✅Don't Shift Your Position: 🚫 Especially not from alts to BTC. That's precisely what market makers want you to do. Bitcoin dominance has retested, and I expect it to decrease until mid-January or early February, which means altcoins will soon pick up. 📉📈
✅Keep Emotions in Check: 😌 Letting emotions drive your decisions will only burn you. Stay calm.
✅Avoid Leverage: ⚖️ Wait for a clear breakout before you consider leveraging again.
✅Invest if You Have Liquidity:💧 If you have the cash, buy into coins that are following the Bitcoin trend.
✅Remember: 🧠 These corrections are normal between bull runs. They clear out leverage and set the stage for further gains. There's been no significant bad news in the crypto space recently. All leverage has been cleared, and liquidity is up, signaling that we'll head up soon. 🙌 Take profits when you can but stay the course.
Stay informed, stay patient, and remember, the alt season isn't over yet. 🙏🏻
$DOGE is currently trading at $0.31378, down -19.04% in the past 24 hours. The sharp decline indicates significant bearish pressure, possibly driven by market-wide corrections or news affecting sentiment toward memecoins. Key support is around $0.30, which could act as a buying zone if the price stabilizes. If the price recovers, the next resistance lies near $0.35–$0.38.
Trading Recommendations:
Short-term traders: Look for support at $0.30. A bounce could provide a recovery trade toward $0.35.
Long-term investors: Consider this dip as a potential opportunity to accumulate, as $DOGE often experiences rebounds after significant corrections.
Stay updated on market trends and social media sentiment, as they can heavily influence $DOGE’s price movements.
Everyone knows more or less how much Elon Musk supports the Doge coin and this time it is no different. He has posted about Doge on his x account and as a result, can we expect a big pump in Doge coin? Maybe we can expect it because Elon Musk is able to pump and dump meme coins. That's why I think Doge coins will pump this time and there is a high possibility of pumping all these coins in the new year. #Binanenews #elonmusk $DOGE
🚨 RLUSD Launch Tonight at 22:00 CET: A Major Bullish Catalyst for XRP! 🚨
The moment we’ve all been waiting for is here! RLUSD, the revolutionary stablecoin built on the XRP Ledger, is officially launching tonight at 22:00 CET. For those in the U.S., that’s 4:00 PM EST / 1:00 PM PST.
Here’s why this is incredibly bullish for XRP:
1. Massive Utility Boost 🌍
RLUSD will be a stablecoin backed for global adoption, and its integration into the XRP Ledger means XRP will serve as the bridge currency for its transactions. This increases XRP’s demand exponentially, especially for cross-border payments and settlements.
2. Institutional Adoption 💼
Financial institutions are closely watching RLUSD as the first stablecoin directly tied to the XRP Ledger’s liquidity pools. With the potential for real-time, low-cost transfers, RLUSD positions XRP as the backbone of future global finance.
3. Shock Supply in Full Effect ⚡
Exchanges are already running low on XRP, and the RLUSD launch will only tighten supply further. As demand spikes following the launch, the limited availability of XRP tokens could cause a significant price surge.
4. Global Ripple Effect 🌐
RLUSD adoption will drive more developers, institutions, and governments to build on the XRP Ledger. This isn’t just about one stablecoin—it’s about setting the stage for a new financial era, with XRP at its center.
Mark your calendars and set your alarms—22:00 CET tonight is the beginning of a massive wave for XRP and the crypto market. Don’t miss it! 🚀
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XRP Market Cap Turn Down As the Price Shrink 12% in a Day
XRP hit the market with hundreds of per cent of growth and made it enter the top 3 cryptocurrencies in the world after Bitcoin and Ethereum, but not today anymore.
Ripple Labs’s popular token XRP (XRP) has seen a major decrease of 12% to $127 billion in market capitalization in just a day of trading. In contrast, this token became the most trending coin of November after surging 344% in a month, outperforming Bitcoin (BTC) by just 44% in the same period.
According to CoinMarketCap data on Dec. 05, at the time of writing, the token position now turned down and brought Tether’s USDT back to the third rank with a market cap of $135 billion.
The decrease in market cap was mainly due to the corrections of the token itself, which shrunk to double-digit from $2.57 to $2.25. The volume of trading also recorded a decrease of up to 46% to $23.28 billion.
Ripple’s community had to believe that the token performance would surpass the new all-time high at $3.84, but crypto.news has predicted that it would crash very soon.
Read more: Here’s why XRP price surged and 3 reasons it may crash soon
3 reasons why XRP’s price is predicted to crash
First, the potential pullback has been seen when the trades are above their short- and long-term moving average, which indicates that the price would return to its average price.
Second, the two technical indicators of the token, the Relative Strength Index and Stochastic Oscillator, indicate it is located in an overbought position, signalling the potential weakness.
Third, the outdemand outpaces supply, which may show that the token is in a markup position.
You might also like: What is next for XRP price as Hoskinson supports Ripple RLUSD?
🚨💸 XRP Price Drops Amid Market Turmoil and Controversy 🤯
XRP's price has been experiencing a significant drop, leaving many investors concerned 📉. The decline is attributed to a combination of market turmoil and controversy surrounding the cryptocurrency 🚨.
_Market Turmoil:_
1️⃣ 📊 _Global Economic Uncertainty:_ The global economy is facing uncertainty, leading to a decline in investor confidence and a subsequent drop in cryptocurrency prices 📊. 2️⃣ 🚨 _Increased Regulatory Scrutiny:_ Governments and regulatory bodies have been increasing their scrutiny of cryptocurrencies, leading to uncertainty and fear among investors 🚨. 3️⃣ 📈 _Market Volatility:_ Cryptocurrency markets are known for their volatility, and XRP is no exception, with its price experiencing significant fluctuations 📈.
_Controversy Surrounding XRP:_
1️⃣ 🚨 _SEC Lawsuit:_ The US Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple, the company behind XRP, alleging that the cryptocurrency is a security 🚨. 2️⃣ 📊 _Lack of Transparency:_ There have been concerns raised about the lack of transparency surrounding XRP's supply and distribution 📊. 3️⃣ 🤝 _Community Divided:_ The XRP community has been divided over the SEC lawsuit and the company's response, leading to uncertainty and fear among investors 🤝.
_I Warned You:_
🚨💸 I warned you that XRP's price was vulnerable to a drop due to the controversy surrounding the cryptocurrency and the market turmoil 🚨.
📝 _Actionable Tips:_
1️⃣ 📊 _Stay Informed:_ Stay informed about the latest developments surrounding XRP and the cryptocurrency market as a whole 📊. 2️⃣ 🚀 _Diversify Your Portfolio:_ Consider diversifying your investment portfolio to minimize potential losses and maximize potential gains 🚀. 3️⃣ 📊 _Risk Management:_ Practice risk management by setting stop-loss orders and limiting your exposure to any one particular asset 📊.
Ripple Delays RLUSD Launch Amid Regulatory Approval Process
According to BlockBeats, Ripple announced on social media on December 5 that the launch of RLUSD will not occur today, despite some speculation. The company is currently working closely with the New York Department of Financial Services (NYDFS) to finalize the approval process and will provide updates as soon as possible. Ripple emphasized its commitment to launching the product under the supervision of NYDFS while adhering to the highest regulatory standards.Fox Business journalist Eleanor Terrett reported that two sources familiar with the process indicated that today was initially expected to be the launch date. However, some last-minute developments have led to a delay. Previously, it was reported that Ripple was on the verge of receiving approval from NYDFS to issue the stablecoin RLUSD, with an anticipated official launch date of December 4, 2024.
🚀 Big Moves Are Happening NOW! XRP Is About to Surge! 🔥
XRP is on the brink of something huge, and here’s why you should be paying attention:
🔥 1. RLUSD Launch
• Ripple’s RLUSD stablecoin is going live! This could massively boost XRP’s demand as it becomes the bridge currency for cross-border payments.
💡 The Rise of $XRP
• XRP was created in 2012 by Ripple Labs to enable fast, low-cost transactions across borders. Unlike many cryptocurrencies, XRP uses a unique consensus mechanism, allowing for faster processing times and lower fees.
🖌️ Playful & Artistic Design
• With a sleek, stylized X and wave design, $XRP has a fun vibe that sets it apart from the rest. It’s more than just a coin—it’s a community favorite for investors who want both innovation and creativity.
📈 Impressive Growth Story
• In 2017, XRP skyrocketed from $0.006 to $3.84, a 63,900% increase! Despite recent market dips, XRP has maintained its position as a top 10 cryptocurrency.
🚀 XRP’s Future Looks Bright!
With the RLUSD launch, growing adoption, and a strong track record, XRP is positioned for another major surge! The next bull season could take it even higher!
💬 Do you think XRP is ready to break new records? Let’s discuss!
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