"Diving into the crypto waves, exploring new opportunities. 'The only limit to our realization of tomorrow will be our doubts of today.' - Franklin D. Roosevelt
The market is currently in a correction phase due to several reasons:
🔻 The continuous rise of $BTC with its dominance in the market requires a relative correction.
🔻 $USDT market cap has reached a strong support area and started to rise.
🔻 Alternative coins have achieved their target at a strong resistance level, then returned to correct and test the support area before moving towards new highs.
If you are beginner and new in crypto world , so this post and following posts are totally for you.
Sometimes you are scrolling through binance square and read posts and articles and while reading you see abbreviations like ( HODL, ATH, fiat ,......etc).
So let me explain most crypto vocap. you will see here :
- FIAT💲 : it's Government Issued Currency , not backed by a physical commodity like gold or silver but rather by the government that issues it, its value is derived from the trust and confidence people have in the issuing government and its ability to maintain stability and regulate the currency . Examples include US Dollar , Euro , JP yen.
Whale🐳 : Refer to an individual or maybe an entity with substantial financial resources , They have a significant capital ( A lot of crypto ) to invest in the markets , They often make huge trades that impact on crypto prices.
Bullish : expecting the prices will increase ↗️
Bearish : Expecting the prices will decrease ↘️
ATH📈 : All time high , the highest a coin has ever been .
FOMO 😳 : Fear of missing out , It can lead people to make impulsive decisions to buy assets that are rapidly rising in value, for fear of missing out on potential profits.
Mooning 🌕 : price going up high ↗️↗️
HODL : It refers to the strategy of holding onto cryptocurrency assets rather than selling them. The term is often used to encourage long-term investment in cryptocurrencies, emphasizing the belief that holding onto the assets will ultimately lead to greater returns.
"FUD" : stands for "Fear, Uncertainty, and Doubt." It refers to the spreading of negative or misleading information to create fear, uncertainty, and doubt in order to manipulate perceptions or behavior, particularly in markets or communities. In the context of cryptocurrency, FUD might involve spreading rumors or false information about a particular cryptocurrency or the broader market in an attempt to drive down prices or discourage investment.
Wait for it till its price increases ↗️↗️to these targets : T 1 : 2.9 ( short but confident ) T 2 : 3.3 ( mid but possible ) T 3 : 3.5 ( long but not impossible )
And 💥 sell and get these profits ↗️↗️
Stop Loss : 2.5
Eventually , This is just what I hope , And what I plan for this coin 🪙 Maybe I am right 👍 , Maybe I am wrong 👎 I just do my best and take risks ⚠️
♦️Ripple's legal challenges are winding down, clearing the way for XRP's market re-entry.
♦️The token's price has historically mirrored Bitcoin's trends, especially around Bitcoin halving events.
♦️Between the impending Bitcoin halving and healthy money-transfer operations, XRP should double in value given enough time.
Returning to our Question...‼️ $XRP should gain plenty of value over time⏳ from Ripple's money-transfer operations, and the token also benefits from the market-moving impact of predictable Bitcoin gains.
🟡 I can't promise that XRP will reach $1 per token in 2024, but the general trend line certainly points upward. As always, successful investing requires saintly patience and the ability to overcome unexpected challenges and setbacks along the way. But if you pick up some XRP tokens for $0.50 each today, you should see them gain value over time. That $1 signpost shouldn't be too far down the road.