Hi Guys,
XRP Unexpected Price Drop Wipes Millions in Volume
A drop in trading volume was caused by the sudden and severe price drop that XRP recently suffered.
Many traders and investors were taken aback by this abrupt change, which has caused them to worry about the state of the market and XRP's prospects going forward.
With a nearly 2% decline, the price of the digital asset dropped from $0.61 to about $0.6.
The implications are more profound when taking into account the trading volume, which also fell dramatically during this time, even though a 2% decline might not seem disastrous at first.
The weaker weekend trading session when market activity typically tends to be lower could be the cause of the volume decline.
But this is not the only thing at work. Its inability to overcome the crucial $0.61 barrier, which has served as a psychological barrier for the asset, is primarily to blame for XRP's recent difficulties.
Since it presented XRP with its first significant obstacle following its attempt to breakout earlier this year, this resistance level has proven to be a formidable barrier.
There is now more selling pressure as a result of the inability to maintain momentum and break through this crucial level, which has also reduced buying support.
As a result of this situation, traders are becoming less confident in the market and are retreating from their positions, which has resulted in the volume decline mentioned earlier.
The market's response points to a growing lack of confidence regarding XRP's ability to overcome the $0.61 barrier and maintain any upward momentum in the near future.
The market is keeping a careful eye out for any indications of fresh buying interest as XRP remains close to the $0.60 mark.
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$XRP
{future}(XRPUSDT)
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #Write2Earn! #CryptoMarketMoves
#JASMY/USDT Technical Outlook: Potential Reversal or Continuation
$JASMY
{spot}(JASMYUSDT)
{future}(JASMYUSDT)
The price is currently trading around 0.02252 after facing resistance near 0.02344. This level has acted as a significant resistance zone, leading to a minor pullback.The immediate support level is around 0.02100. If the price holds above this support, it could indicate a consolidation phase before a potential breakout.
The price is trading slightly below the 200-period Moving Average (MA) at 0.02377, suggesting a cautious outlook. A move above this MA could signal a bullish reversal in the short term.
RSI (Relative Strength Index) is around 53.65, indicating a neutral market condition with no clear overbought or oversold signals.MACD (Moving Average Convergence Divergence) shows a minor bullish crossover with the MACD line slightly above the signal line, suggesting a potential for upward momentum.
Volume Analysis:
Trading volume appears moderate, suggesting cautious market participation. An increase in volume with a break above resistance could validate a stronger move up.
Bullish Scenario: If JASMY/USDT breaks above the resistance level at 0.02344 and the 200-period MA at 0.02377 with strong volume, it could target higher levels.
Bearish Scenario: A breakdown below the support level at 0.02100 could lead to further declines.
Monitor for a break above 0.02344 for a potential long position, or watch for a rejection to consider short-term short opportunities
Disclaimer:
This analysis is provided for informational purposes only and does not constitute financial advice. Tr you should conduct your own research before making any trading decisions. Past performance is not indicative of future results. The author is not responsible for any financial losses that may occur as a result of using this information.
#6thTrade #Market_Update #BecomeCreator #MarketSentimentToday
'Cardano Will Not Go Down': Charles Hoskinson Shares Crucial Message to ADA Community
Cardano founder Charles Hoskinson has addressed speculations regarding ADA and Hydra.
During his opening keynote on Rare Evo 2024, he claimed Cardano is “the most secure blockchain ever built.” Hoskinson also compared developing the Cardano network with building a tank.
“Cardano will not go down, it’s built like a tank. But it’s faster now, so it’s built like a lambo tank,” he said.
Hydra controversy Hydra is a Layer-2 scaling solution designed for Cardano, aimed at boosting transaction throughput and ensuring cost efficiency without compromising security.
Based on peer-reviewed research, Hydra is a family of protocols, with Hydra Head being the first of its kind.
Hydra Head serves as a foundation for more advanced scenarios by employing isomorphic, multi-party state channels, essentially functioning as an off-chain mini ledger shared between a small group of participants.
This allows developers to implement specialized and complex protocols atop Cardano.
Despite Cardano regularly sharing updates on Hydra's development and performance, community skepticism persists, with some doubting the accuracy or progress of these reports.
Hoskinson highlighted Hydra’s advantages, such as the ability to move assets on and off chain seamlessly. He praised the team of developers who are currently working on Hydra updates.
Cardano announcements Hoskinson also made several announcements. According to him, PlutusV3, a massive upgrade that will bring new possibilities for applications built on Cardano, will be released in a matter of weeks.
Another upcoming update is PGP encryption for wallets security. Hoskinson compared the 1991 technology to paper wallets, the latter being not safe enough. Hoskinson also announced a $1 million bounty for hacking a secure wallet.
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$ADA
{future}(ADAUSDT)
#Write2Earn! #shiba⚡ #TelegramCEO #solonapumping #ADABullish
Tech Titans Rally Behind Free Speech as Telegram CEO's Arrest Sparks Controversy. 💎🕊️
The recent detention of Pavel Durov, Telegram's CEO, in France has ignited a firestorm of debate surrounding free speech in the digital age. Durov faces accusations of allowing illegal activities on his messaging platform, prompting an outcry from prominent figures in the tech industry.
Leading the charge is Elon Musk, whose vocal support for Durov aligns with his well-documented stance on free expression. Musk's acquisition and subsequent rebranding of Twitter to X underscore his commitment to this cause. Joining him in solidarity are other tech luminaries like Ethereum co-founder Vitalik Buterin, who stress the importance of open-source solutions and transparency in countering government overreach.
The repercussions of Durov's arrest extend beyond the realm of free speech. The cryptocurrency market felt the impact, with Toncoin experiencing a sharp 17% decline. This volatility highlights the interconnectedness of government actions and the crypto ecosystem.
Rumble CEO Chris Pavlovski announced the company's withdrawal from France due to concerns over eroding free speech rights in Europe, highlighting growing tensions between tech platforms and regulators. Meanwhile, Mark Zuckerberg's silence contrasts sharply with the outspoken critiques of his peers, underscoring the complex balance tech companies must strike between user rights and government regulations.
The arrest of Pavel Durov underscores the tension between free expression and content moderation. As digital platforms face growing scrutiny, the tech industry is at a crossroads. How can free speech be balanced with responsible oversight? What role should tech leaders play in shaping these policies? This moment may be pivotal in the ongoing struggle between free speech advocates and regulators, forcing the industry to address transparency, accountability, and fundamental rights in the digital age.
#FREEDUROV #PavelDurov #Durov #Toncoin #notcoin
Hi Guys,
#VitalikButerin Breaks Silence on Telegram's #PavelDurov Arrest
Last night, social media was rocked by some pretty big news, as some may already know — the arrest of Telegram founder Pavel Durov.
It all started when Durov landed on a private jet in France to refuel, where he was reported wanted minutes before landing.
In total, the charges have the billionaire facing up to 20 years in French prison, considering that Durov is also a citizen of that country.
The situation has received an enormous amount of commentary from every respectable figure in the tech space, and crypto in particular.
The most interesting of them seems to be the opinion of Vitalik Buterin.
Thus, Buterin expressed concern about what this arrest could mean for the future of software and freedom of communication in Europe.
Buterin suggested that this case highlights a shift in the tech landscape, where platforms are being scrutinized not only for their centralization, but also for their lack of compliance with authorities.
I've criticized Telegram before for not being serious with encryption.
But (given the info available so far: the charge seems to be just being "unmoderated" and not giving up people's data), this looks very bad and worrying for the future of software and comms freedom in Europe.
Buterin has previously spoken about other issues with technology, such as political attacks on encrypted messaging, centralized identity systems and the risks of surveillance and centralized AI.
He said decentralized finance and technology are key to addressing these issues.
Toncoin (TON) price outlook Meanwhile, the price of Toncoin (TON), the native token of the Telegram-related TON blockchain, has fallen by nearly 20% against the backdrop of the news.
As of now, the price per coin stands at $5.68. The fall was also witnessed within the total locked value of the TON blockchain, as it literally halved from $790 million to $297 million just overnight.
$ETH
{future}(ETHUSDT)
$TON
{future}(TONUSDT)
#MtGoxRepayments #TelegramCEO #Write2Earn!
#ONE/USDT Technical Analysis: Breakout Potential and Key Levels to Watch
$ONE
{future}(ONEUSDT)
{spot}(ONEUSDT)
The 4-hour and daily charts show a recent breakout above a descending trendline, suggesting a potential shift from bearish to bullish. The price is testing a key resistance level at 0.01500. A break above this could signal further upside.
On the daily chart, the 200-period MA is above the current price, indicating a longer-term bearish trend. However, the 4-hour chart shows the price above the 200-period MA, suggesting short-term bullish momentum.
RSI is above 70 on the 4-hour chart, indicating an overbought condition, which may lead to a minor pullback. The MACD is bullish with a positive histogram and the MACD line above the signal line, indicating strong upward momentum.
Volume and Breakout Confirmation:
Increased volume during the breakout supports the bullish scenario. If the price holds above 0.01500, further gains towards 0.01700-0.02000 are possible.
Bullish: A sustained break above 0.01500 could lead to further upside.
Bearish: Failure to break 0.01500 may result in a pullback to around 0.01300
Disclaimer:
This analysis is provided for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research or consult with a professional financial advisor before making any trading decisions. Past performance is not indicative of future results. The author is not responsible for any financial losses that may occur as a result of using this information.
#6thTrade #MarketSentimentToday #Market_Update #BecomeCretor
Hi Guys,
It's Big & Big News Update About #PavelDurov 20 Years Jail !!!
Pavel Durov, a 39-year-old entrepreneur known for creating the instant messaging service Telegram, was arrested Saturday night at Le Bourget airport.
According to the charges, which include terrorism, drugs, complicity, fraud, money laundering, he faces up to 20 years in prison.
The native token TON, actively used in Telegram, has already reacted, falling 15% in price and 61.3% in total value locked in the blockchain.
$BTC
{future}(BTCUSDT)
$TON
{future}(TONUSDT)
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #Write2Earn!
'Only Bitcoin is Secure': Max Keiser Calls Out XRP and Cardano
#PavelDurov a 39-year-old entrepreneur known for creating the instant messaging service Telegram, was arrested Saturday night at Le Bourget airport.
According to the charges, which include terrorism, drugs, complicity, fraud, money laundering, he faces up to 20 years in prison.
The native token TON, actively used in Telegram, has already reacted, falling 15% in price and 61.3% in total value locked in the blockchain.
The reaction, of course, stirred social media, and in particular the crypto space.
Among those who weighed in was Max Keiser, known for his maximalist views on Bitcoin (BTC) and as an advisor to Nayib Bukele, president of El Salvador.
In a new post on X, Keiser stressed that BTC remains the only truly secure cryptocurrency. He pointed out that other altcoins, such as XRP and Cardano, are more susceptible to legal problems, while Bitcoin's creator, Satoshi Nakamoto, remained anonymous to avoid those risks.
1. Do you understand NOW why Satoshi chose to remain anonymous?
2. Everyone connected materially with all shitcoins; ETH ADA BNB SOL XRP TRX + 30,000 others can have the exact same thing happen to them. ONLY BITCOIN IS SECURE
Bitcoin next?
The wisdom of the anonymous Bitcoin co-founder regarding his incognito has definitely played out in new colors yesterday.
However, there is also the opinion that if the authorities succeed in the Durov case, Bitcoin will not survive for long, and if Satoshi Nakamoto's identity could be determined by Interpol methods, he would have been arrested long ago. Either way, BTC is in the crosshairs, some believe.
If Telegram falls, the first cryptocurrency may also fall, although they are not connected externally or internally. Skeptics believe that the government, having won once, will want to repeat the banquet.
$BTC
{future}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$ADA
{future}(ADAUSDT)
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #Write2Earn!
🚨 Breaking News 🚨
$TON the Next Shit Coin is there ? 😢 I already in a loss of 200U
👉🏻 Elon Musk, the visionary owner of X (formerly Twitter), has chimed in on the arrest of Telegram's founder, Pavel Durov, in France. 🗣️ Musk tweeted, "Here's an advertisement for the First Amendment (to the US Constitution). She is very convincing," emphasizing the critical role of freedom of speech, especially in light of this arrest.
♥️ 👉🏻 Please do a Favor [VOTE 🎴 me Daily](https://www.binance.com/en/square/profile/Muhammad_Amir_Rajpoot?ref=130293329)
👉🏻 In his typical tongue-in-cheek style, Musk quipped that by 2030, Europe might execute people just for liking memes. 😅
📜 The First Amendment, a cornerstone of the U.S. Bill of Rights, ensures that Congress cannot infringe on freedom of speech or the press, a freedom Musk sees as increasingly under threat.According to reports from French media, Durov was detained at Le Bourget airport after arriving on a private jet from Azerbaijan.
✈️ Despite holding French citizenship, Durov was reportedly on a wanted list, with authorities linking him to several serious offenses. These include Telegram’s alleged refusal to cooperate with the French government. As of Sunday, Durov could face severe charges, such as terrorism, drug trafficking, fraud, and money laundering.
💥 The situation is rapidly developing, and it raises significant concerns about the future of digital privacy and freedom in Europe. 🌍
{future}(TONUSDT)
Mt. Gox Bitcoin Reserves Drop Below 25% Amid Ongoing Liquidation
Recent analysis from Arkham Intelligence has revealed a sharp decline in the Bitcoin reserves of Mt. Gox, once the largest cryptocurrency exchange globally. The platform now holds just 32,899 BTC, valued at approximately $2.11 billion. This marks a significant reduction from March 2024, when Mt. Gox's reserves peaked at 141,690 BTC, worth around $10.12 billion at the time.
The depletion of these reserves, which began in 2021, is largely attributed to the asset liquidation process tied to Mt. Gox's prolonged bankruptcy proceedings. This decline could indicate progress in compensating the exchange's creditors and resolving the fallout from its infamous 2014 collapse.
For the broader cryptocurrency market, this development carries both positive and potentially unsettling implications. On one hand, it represents a long-awaited resolution to one of the industry's most notorious failures, with former users finally starting to recover their lost Bitcoin after nearly a decade. However, the reintroduction of such significant quantities of BTC into the market could lead to increased volatility, particularly if large amounts are sold off rapidly.
The ongoing reduction in Mt. Gox's Bitcoin reserves serves as a stark reminder of the long-term impacts of early missteps in the cryptocurrency space and the complexities involved in managing large-scale asset liquidations.
As the remaining BTC continues to be distributed, it will be crucial to monitor how these assets are handled to gauge their influence on future market dynamics. The trajectory of Mt. Gox's remaining reserves will undoubtedly play a key role in shaping upcoming movements in the cryptocurrency landscape.$BTC
#MtGoxRepayments #CryptoMarketMoves #BTC☀
Hi Guys,
It's Big & Big #alert About Cardano $ADA Price Reaches Crucial Bull Point
{future}(ADAUSDT)
Dan Gambardello reports that Cardano (ADA) is approaching its 20-month moving average, an important indicator of potential price movement.
Historical data suggests that when ADA has touched this moving average in the past, the token has experienced a dramatic spike.
The 20-month moving average is a technical analysis tool used to smooth price data by creating a constantly updated average price calculated by averaging the price of an asset over the past 20 months.
It helps identify long-term trends and potential turning points in the market.
Gambardello attached an ADA price chart to his post. There you can see that the last time the price of the Cardano token touched a 20-month moving average, it increased by more than 5,000% — from $0.06 to an all-time high of $3.1 per ADA.
Cardano is approaching the 20 month moving average. Look what happened last bull cycle when ADA broke it.
If this is possible? If this happens again, the price of the Cardano token could skyrocket from the current $0.385 to $19.25 per ADA.
Incredible indeed. But if this is possible? Seems that the probability is low. If ADA ever reaches such highs as almost $20 per token, it will mean that the market cap of it is $719.08 billion.
For example, Ethereum now has only a $332.8 billion market cap. More to it, such a large figure will make Cardano the 10th largest company in the world on par with Broadcom, higher than Tesla.
While the historical precedent shows remarkable gains, the probability of ADA reaching such heights is speculative.
Cardano investors should consider these factors when evaluating the potential future performance of their favorite crypto asset.
$ETH
{future}(ETHUSDT)
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #Write2Earn!
Recent FUD from German government, Mt. Gox and Jump Crypto is almost over.
The stock market crash fears are fading, and Gold price is pumping.
#Bitcoin has surged back above $64,000, signaling bullish momentum.
Bitcoin ETFs brought highest $BTC on 23rd August.
With Fed rate cuts on the horizon, we're set for upward rally
📈
Future Analysis: Can PEPE Reach $1?
Given the following data:
- Current market cap of PEPE: approximately $3.78 billion.
- Total circulating supply: 420.69 trillion PEPE.
To analyze the possibility of PEPE reaching $1 per coin:
- Required market cap = 420.69 trillion PEPE * $1 = $420.69 trillion.
Likelihood of reaching $1:
- Compared to its current market cap, the required market cap to reach $1 is vastly larger. It significantly exceeds the total market cap of all cryptocurrencies combined.
- For context, Bitcoin, the largest cryptocurrency, has a market cap of around $500 billion. The global economy itself cannot support a market cap in the hundreds of trillions.
Conclusion:
Realistically, it is almost impossible for PEPE to reach $1 given its massive supply and the market cap that would be required. Even with substantial market shifts, achieving this price point would be extremely challenging.
Hi Guys,
It's Big & Urgent #alert About $BTC Rise and #Altcoinseason2024 !!!
{future}(BTCUSDT)
Experts Predict Bitcoin’s Rise Will Boost Altcoins
Top Altcoins Strong Performance:
Tron (TRX)
Crypto analyst CryptoRus mentioned in his latest video that if Bitcoin enters an upward trend, altcoins could experience a significant rally.
This cycle has been observed multiple times in past market movements. When Bitcoin breaks its all-time highs, altcoins usually follow and see substantial value increases.
Although the cryptocurrency market has been volatile recently, experts agree that Bitcoin (BTC) rising back to $70,000 will create significant activity in the market.
Currently, there is a widespread expectation of a decline in the market, but it should be noted that Bitcoin is consolidating near its all-time highs. According to analysts, this situation could signal a major price breakout in many altcoins.
$ETH
{future}(ETHUSDT)
$SOL
{future}(SOLUSDT)
Ethereum & Solana Are Essential
Another important coin is Ethereum (ETH). Ethereum continues to play a key role in the cryptocurrency world. Recent developments include the amount of ETH on exchanges reaching historic lows.
This suggests that investors prefer to hold onto their ETH rather than sell, indicating they expect the price to rise.
Additionally, projects like AAVE expanding their services with new technologies contribute to the growth of the Ethereum ecosystem.
Solana (SOL) is another strong contender, maintaining its leadership in the decentralized exchanges (DEXs) space.
Solana is notable for its speed and low transaction costs, making it a popular network for developers and DeFi projects. The popularity of memecoins on Solana also adds to the network’s value.
#MtGoxRepayments #Write2Earn! #TelegramCEO
GRAYSCALE TRUSTS $AVAX ! 🔥 Something Big Ahead? 👇
Grayscale Investments has recently introduced a new fund for the Avalanche token! This fund has been named "Grayscale Avalanche Trust" and its mission is to capitalize on the growing interest in the Avalanche's technology! For who may doesn't know, AVAX is particularly focused on facilitating the tokenization of real-world assets (e.g commodities, art and real estate). Basically it converts physical assets into digital tokens on the blockchain!
- [Please, don't forget to Cast Your Vote](https://app.binance.com/uni-qr/cpro/InnovAlain?l=en&r=376316070&uc=web_square_share_link&us=copylink) 🙏
In my opinion, by creating a dedicated investment fund for AVAX, Grayscale is signalling to institutional and retail investors that they see a massive value in the Avalanche blockchain. So, overall, this fund may will increase the investor confidence and thus price appreciation. Also let's not forget that with more capital flowing into AVAX, its ecosystem could experience accelerated growth (development and innovation)!
Will AVAX Reach Hit Its Previous ATH Soon? 🤔 Let Me Know In Comments!
STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝
#AvalancheAVAX #AVAXSuccess #GrayscaleInvestments #Altcoins2024
DOGS Price to Rest Major Support Amid 502.48 Billion Token Release
DOGS, a new dog mascot meme coin originally created by Telegram’s founder, focuses on introducing blockchain technology to a broader audience through fun and engaging experiences, such as tokenized stickers.
The token has gained traction among similar projects amid the listing on the Gate.io crypto exchange and being launched in Binance’s 57th launch pool.
DOGS investors are set to experience a significant Token Generation Event (TGE), during which 502.48 billion DOGS tokens, representing 91.4% of the total supply, will be released.
The majority of tokens are allocated to the community airdrop, i.e., 400.02 billion DOGS (72.7%), which aligns with the project’s emphasis on community ownership, potentially increasing user participation and token circulation within the ecosystem.
The further distribution includes marketing with 50.49B DOGS (9.18%), liquidity 29.89 B Token (5.45%), team 29.48 B DOGS(5.36%), Binance Launchpool 22B tokens (4%), and advisory 17.9 B tokens (3.27%).
Typically, token unlocks of such magnitude could flood the market with a flood of supply, leading to a notable drop in the asset’s value. While the community airdrop could dilute the market significantly, the linear vesting schedules for the team and advisory show the tokens will be released over time, gradually adding to the circulating supply.
Can DOGS Token Bounce Post Token Unlock?
Amid the mid-August sell-off, the DOGS price found suitable support at the $0.001 level. The psychological level has uplifted the asset by over 200% to test resistance at $0.0031.Such dynamic moves favor meme coin lovers as the asset class is significantly driven by speculation trading.
The DOGS token trades at $0.0021. If the upcoming token unlocks accelerate the selling pressure, the price could witness a 50% drop to retest the bottom support.further breakdown, the asset holders could seek support at the $0.0008 level.
contrary, if buyers managed to sustain $0.001 support, the next recovery leap could allow buyers $0.0052.
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Tron, Ethereum, Solana and Avalanche… According to Analyst, They Will Make a Big Rally While Bitcoin Reaches the Top!
Although the cryptocurrency market has been following a volatile course recently, experts agree that Bitcoin (BTC) rising to $ 70,000 again will create great movement in the entire market. In the current situation, there is a widespread expectation of a decline in the market, but it should not be forgotten that #Bitcoin is currently consolidating near all-time highs. According to analysts, this situation may be a harbinger of a big price break in many altcoins.
One of the potential altcoins that CryptoRus drew attention to was Tron (TRX). Tron has recently attracted attention with the creation of large amounts of USDT on its Blockchain. The printing of billions of dollars of USDT on the network is interpreted as a sign that large investors are preparing to make significant moves in the market. This situation indicates that there may be intense buying pressure on Tron's main network asset TRX.
Another important coin is Ethereum (ETH). Ethereum, as always, plays a key role in the cryptocurrency world. Recent developments include the amount of ETH on exchanges falling to historic lows. This shows that investors prefer to hold their $ETH instead of selling them and think the price will rise. In addition, projects such as AAVE are expanding their services with new technologies, contributing to the growth of the #Ethereum ecosystem.
#Solana (SOL) is another strong candidate that continues to lead in the field of decentralized exchanges (DEXs). Solana stands out with its speed and low transaction costs, making it a popular network for developers and DeFi projects. The popularity of memecoins on Solana is also one of the factors that increases the value of the network.
Finally, Avalanche (AVAX) is another important player that has made a name for itself, especially in the gaming industry. The rapid growth of the network is reflected in millions of new addresses and hundreds of thousands of smart contracts.
Hi Guys,
How Ripple’s ODL Expansion Could Catalyze XRP’s Price Surge
Debate surrounds Ripple’s ODL network and its impact on XRP prices, with differing views from skeptics and proponents.
Ripple’s expanding ODL network is driving demand for XRP among market makers.
Ripple’s own legal filings suggest ODL is designed to avoid major market disruption.
As Ripple’s On-Demand Liquidity (ODL) network rapidly expands across the globe, a debate is intensifying within the cryptocurrency community: Is ODL a driving force behind the price of XRP, or is its impact neutral?
How ODL Mechanics Might Affect XRP Prices
On one side, skeptics argue that ODL’s unique transaction mechanics, rapidly buying and selling XRP to facilitate cross-border payments, effectively cancel out any influence on the token’s market value.
XRP is swiftly bought and sold within seconds, minimizing exposure to its inherent volatility.
This setup, some believe, makes ODL largely demand-neutral, keeping XRP prices steady despite the rising transaction volume. However, a counter-narrative is gaining traction.
Proponents of ODL’s price-driving potential point to the role of market makers, the key players who provide liquidity for these transactions.
As ODL grows, these market makers must accumulate more XRP to meet the surging demand. With XRP’s supply being finite, this accumulation could create upward pressure on its price over time.
Ripple’s ODL Growth and XRP Demand
Ripple’s global expansion of ODL corridors, especially in high-remittance regions, adds another layer to the discussion.
As more financial institutions and payment providers embrace ODL, the cumulative demand for XRP among market makers could see a significant boost, potentially driving prices higher.
$XRP
{future}(XRPUSDT)
$BTC
{future}(BTCUSDT)
$SOL
{future}(SOLUSDT)
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #Write2Earn!
Top 5 African Crypto voices to follow in 2024
[Visit and vote please](https://app.binance.com/uni-qr/cpro/Crypto_Times?l=en&r=145910774&uc=app_square_share_link&us=copylink)
1. Itireleng Alakanani (Botswana)
Itireleng Alakanani, popularly known as "The Bitcoin Lady," is a pioneer in Botswana’s crypto scene. She is the founder of the Satoshi Centre, a blockchain hub that focuses on Bitcoin education and fostering blockchain innovation. Established in 2014, the Satoshi Centre works with developers and young entrepreneurs, offering training programs and promoting the adoption of Bitcoin. Alakanani has become a prominent advocate for cryptocurrency education across Africa, leveraging her teaching background to drive blockchain knowledge forward.
2. Michael Kimani (Kenya)
Michael Kimani is a leading voice in East Africa's blockchain community. He is the founder and chairman of the Blockchain Association of Kenya (BAK) and has been instrumental in shaping policies and innovations in emerging technologies. His work includes developing Kenya’s first cryptocurrency policy and collaborating on a blockchain-based digital identity project for SMEs. With a strong influence in the East African Web3 ecosystem, Kimani continues to lead discussions and initiatives that promote the growth of cryptocurrency across the region.
3. Sonya Kuhnel (South Africa)
Sonya Kuhnel is one of the early adopters of cryptocurrency in South Africa and a key player in the country’s blockchain community. She co-founded the Blockchain Africa Conference, one of the continent’s premier blockchain events. Kuhnel also launched Bitcoin Payment, a BitPay affiliate, enabling local businesses to accept Bitcoin payments. In addition to these initiatives, she runs the Blockchain Academy and various educational events that aim to bridge the knowledge gap and drive cryptocurrency adoption in South Africa.
4. Osueke Henry (Nigeria)
5. Rume Ophi (Nigeria)
_🛑✋️Polygon's Discord Hacked 🚨_
$ETH $JOE $ICP 🌏⤴️🪙
{spot}(ICPUSDT)
{spot}(JOEUSDT)
{spot}(ETHUSDT)
Polygon, a popular blockchain platform, faced a security breach when its official Discord channel was compromised by hackers 🤖. The attackers exploited the excitement around Polygon's upcoming token migration from MATIC to POL, using the channel to promote phishing links disguised as fake POL airdrop announcements 📣.
_Losses and Response 📊_
The phishing attack resulted in significant losses for some users, with one individual reporting a loss of approximately $150,000 worth of Ether (ETH) 😱. Polygon's security team, led by Chief Information Security Officer Mudit Gupta, swiftly responded to the incident, working to regain control of the Discord channel and reverse any changes made by the hacker 💻.
_Security Enhancements 🔒_
To prevent similar incidents in the future, Polygon has enhanced its security measures, including:
- Securing all privileged accounts with two-factor authentication (2FA) 🔑
- Implementing additional monitoring and alert systems to detect suspicious activity 🔍
- Conducting a thorough investigation to identify the root cause of the breach and prevent future occurrences 🔎
_UPCOMING POL UPGRADE 📅_
The security breach highlights concerns about Polygon's security measures, particularly with the upcoming POL upgrade scheduled for September 4 📆. The upgrade aims to improve the network's scalability, security, and usability, but the recent hack has raised questions about the platform's ability to protect user assets 🔒.
_Users Advised to Stay Vigilant 🚨_
In light of the incident, users are advised to remain cautious and vigilant, being mindful of phishing attempts and ensuring the security of their accounts and assets 🔒.
🛑🚨✋️Vitalik Buterin, the co-founder of Ethereum, has come out in support of Pavel Durov, the founder of Telegram 📱. Buterin praises Durov for his commitment to user privacy and data protection 🔒.$TON $BNB $NOT 🌏⤴️🪙
{spot}(NOTUSDT)
{spot}(BNBUSDT)
{spot}(TONUSDT)
_Key Points 📝_
- Pavel Durov is "unmoderated" and operates independently, making decisions without external influence 🙅♂️
- Durov does not give out people's data, prioritizing user privacy and security 🔒
- Vitalik Buterin endorses Durov's approach, highlighting the importance of data protection in the digital age 🙌
_Background 📚_
Pavel Durov has faced pressure from governments and authorities to provide user data and compromise on encryption 🚨. However, he has consistently stood firm, prioritizing user privacy and security 🔒.
_Significance 🤔_
Buterin's endorsement of Durov's approach underscores the significance of data protection in the crypto and tech communities 📊. As governments and corporations increasingly seek access to user data, figures like Durov and Buterin are championing the cause of user privacy and security 🔒.