Once you sell, the price goes up, and once you buy, the price goes down, I will explain why, it is very simple! This phenomenon is a classic example of cognitive distortion, when a person feels that the market is working against him. In fact, such situations are often explained by psychological and market factors: 1. Crowd influence. Most people buy on hype and sell in panic. This leads to the market being able to correct at precisely those moments when similar decisions are made collectively. 2. Difficulty of prediction. The market, especially the cryptocurrency market, is very volatile and unpredictable. Even experienced analysts make mistakes when trying to guess the price movement. 3. Algorithms and big players. Not only private investors, but also institutional players, trading robots and hedge funds are involved in the game. They analyze the behavior of the masses using complex algorithms and adjust their actions to maximize profits. Billions of dollars are spent annually to study how most participants in financial markets, including cryptocurrencies, behave. There are specialized institutions for this purpose, such as: quantitative research centers that develop mathematical models. Psychological labs study investor behavior under stress and uncertainty. Data analytics companies use machine learning to predict prices.All this research helps big players stay one step ahead. Therefore, it is important not only to follow the market, but also to understand its basic logical mechanisms. What should I do? How many times a day do I check the price and look at the chart? Every time you look at the prices, you start thinking like the crowd. Wait for the price you plan to sell at, and don’t be too greedy. If the sentiment is off the charts during a correction, don’t go into or delete all crypto-related apps temporarily and do something else, this will help you think sensibly and be$XRP
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Can XRP Reach $100, $300, or $500 With a Circulating Supply of 57 Billion Tokens Can XRP Reach $100, $300, or $500 With a Circulating Supply of 57 Billion Tokens? XRP has been at the center of ambitious price targets, but market participants are skeptical that it can achieve some of these levels, citing current supply data. The cryptocurrency market often offers investors opportunities to turn modest investments into multi-million dollar fortunes overnight. At one point, XRP facilitated a similar investment growth when it rose from a low of $0.003 in January 2017 to a peak of $3.31 in January 2018. That rise represents a 109,899% increase in a single year. To put this into perspective, an investor who invested $1,000 in XRP at $0.003 would have purchased 333,333 XRP tokens. With the price hitting $3.31, these tokens have grown in value to $1.1 million in a year. XRP’s Historical Performance Fuels Optimism Given its historical performance, many new investors entering the XRP market may expect similar performance, especially amid the prevailing aggressive price targets. Some older holders may also be looking to revive the previous rally. This optimism has fueled XRP’s aggressive price target predictions.Market watcher Armando Pantoja said last month that $100 for XRP was possible. Other forecasts have set targets between $300 and $500. However, many have dismissed this, citing supply concerns. For context, XRP currently has a circulating supply of 57.1 billion tokens, with an inflation rate of around 200 million tokens each month. Thanks to this circulating supply, XRP now boasts a market cap of $140 billion as it trades at $2.45, making it the third-largest crypto asset on the market. XRP Market Cap at Varying Price Targets A rally back to its all-time high of $3.31 would push XRP to a market cap of $189 billion. Furthermore, if it achieves the more feasible target of $6, its valuation would reach $342.6 billion, while the more significant price of $11 would allow XRP to reach a market cap of $628 billion, which is higher than Ethereum’s current valuation but still within reasonable levels. However, the XRP market would require a massive surge in capital inflows to reach $100, which is much lower than $300 or $500. In context, a price of $100 per XRP would translate to a market cap of $5.7 trillion, which is more than the current global cryptocurrency market cap of $3.$63 trillion by one mile. Furthermore, for XRP to claim a value of $300 at its current circulating supply of $57.1 billion, its market would need to attract a total market cap of $17.13 trillion, which rivals gold’s market cap, which currently stands at $17.9 trillion. Notably, gold is the largest asset by market cap globally. Meanwhile, the $500 price target would be the biggest hurdle. XRP would need to achieve a market valuation of $28.5 trillion to reach $500 at its current supply. This would represent the largest market cap for a single asset in recent history. Can XRP reach $100, $300, and $500? These valuations confirm that under current market conditions, XRP may not be able to claim its $100, $300, and $500 price targets unless there is a drastic change in market dynamics. However, lower targets like $6 and $11 are easily achievable. Despite this challenge, analysts at Changelly believe that XRP can reach these lofty goals within a few decades. Although they expect XRP to drop below $1 next year, they anticipate massive growth thereafter. These analysts see XRP hitting $100 and $300 in 2040 and eventually claiming $500 by 2050, 26 years from now.
