#MyFirstFeedPost
#ShakesWriteCoinsTwo #ShakesWriteCoins

Hello, Binance Square! This is my first post here and I wish to write plenty provided the time that I invest is well compensated and the the post that I write is also appreciated (only if found valuable!!!)

So, I will follow two simple criterion for creating a new post:
1. The tip on the most recent post is atleast USDT 0.05 cumulative (it is very nominal!!!)
2. I will ask readers to suggest me the coin that they want me to write a post on.

What will the posts majorly contain?
No price predictions. I'm not here to do that. I believe each individual is intelligent enough to handle own finances. And there is plenty of clutter here anyway with price predictions.
But, I will explain the foundation of that particular coin. What part of the problem is solved by each coin? I believe there are many investors who are buying and selling coins without even knowing what those coins actually are. This is what my posts would try to explain.

So, if you wish to read my next post then please help to satisfy above mentioned two criterion. Tip and suggest the coin.

Happy Reading, Happy Learning, Happy Investing and HAPPY NEW YEAR 2024!!!

AI generated

Yesterday (9 Dec 2024), the crypto market experienced a significant crash due to a combination of factors:

Bitcoin’s Price Drop: Bitcoin, which had recently reached an all-time high of $103,900, fell sharply to around $94,000. This drop triggered a broader sell-off across the market.

Massive Liquidations: Over $1.7 billion in leveraged positions were liquidated, adding to the downward pressure.

Market Sentiment: The inability of Bitcoin to maintain its price above the $100,000 mark created a psychological barrier, leading to increased selling pressure.

Strategic Sales: Significant sales by major holders, including the government of Bhutan and Justin Sun, further fueled the market’s decline.

Security Concerns: The hacking of the official Cardano Foundation account added to the climate of distrust and uncertainty.

These factors combined to create a volatile environment, leading to a widespread crash in cryptocurrency prices.

What do you think ?

#crypto #bitcoin #btc #PsychologicalBarrier #Bhutan #Cardano #ADA

what will I get?

#ShakesWriteCoinsTwo #ShakesWriteCoins #Ripple #XRP $XRP

My first post (pinned on profile) received 7 likes and 66 views on Day 1 and now I have 6 awesome followers. Though my both set criterion are not yet achieved. What are two set criterion? 0.05 USDT cumulative tip and suggestions on next coin in comments So please tip & suggest next coin. 

But day 1 performance caused a ripple so I choose ripple to start with. I will write 3 posts on Ripple (XRP). FIRST POST, this one, will just scratch the surface and give very basic information on the coin. SECOND POST will discuss the solution that is served by XRP. THIRD POST will have argumentative comparison between XRP and BTC.

And all this needs effort, so send in your tips to keep me motivated on the task.

So here is Ripple Post-1/3

Name of the coin: Ripple

Label of the coin: XRP

Issue date: 2 Feb 2013

Official webpage: https://xrpl.org/ (XRP Ledger)

Total supply of the coin that will ever exist: 100 B XRP*

Total supply of the coin in circulation: 54.21 B XRP*

All time high: $3.8419 (4 Jan 2018)*

All time low: $0.002802350092679 (07 July 2014)*

Current (when this post is getting composed)XRP / USDT: 0.5683*

(* Data from Binance)

(All time high) / (All time low) ratio: 1,370.95647 

Which means $1 worth of XRP on 07 July 2014 would have the total worth of $1,370.95647 on 4 Jan 2018. This matters since (All time low) was before (All time high)

Current / (All time low) ratio: 202.794077

Assuming 1 USDT = $1, $1 worth of XRP on 07 July 2014 would have the total worth of $202.794077 at present (7 Jan 2023).

Current / (All time high) ratio: 0.1479216

Again assuming 1 USDT = $1, $1 worth of XRP on 4 Jan 2018 would have the total worth of $0.1479216 at present (7 Jan 2023).

So entry time matters.

We have established the basics on XRP in this post. Stay tuned for SECOND POST to discuss the solution served by XRP. And again, help me satisfy the 2 set criterion. Tip and Suggest!!!

Happy Reading, Happy Learning and Happy Investing... Good day ahead... This is ShakesWriteCoins signing off for now :))))