XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
In a long-awaited decision, Judge Torres ruled in favor of #XRP in their case against the U.S. Securities and Exchange Commission (#SEC ) yesterday. The verdict is a positive development for the #cryptocurrency industry, particularly with a focus on whether digital assets should be deemed securities in the US.The ruling is expected to set a precedent for the industry moving forward. It is positive for both altcoins and the wider industry, as the default expectation is that these assets are not
Dear Binancian who reads this. This one is a real story of myself that I am going to share for the sake of preventing others doing the same mistakes as I did and improve on them. Remember though troughout all of this, mistakes are Important and we need to touch to fire sometimes, even if we were told it is hot - we need to feel the warmth ourselves to understand, grow on it and learn from it.
Mistakes are important and the only way we learn. "If I had succeeded 9 Years ago when I first started,
July 15. I told you to get into $XRP $XRP #XRPGoal
RiggedFish
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XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
In a long-awaited decision, Judge Torres ruled in favor of #XRP in their case against the U.S. Securities and Exchange Commission (#SEC ) yesterday. The verdict is a positive development for the #cryptocurrency industry, particularly with a focus on whether digital assets should be deemed securities in the US.The ruling is expected to set a precedent for the industry moving forward. It is positive for both altcoins and the wider industry, as the default expectation is that these assets are not deemed securities so long as they are made available to the public. This event will likely have wider implications for ongoing legal cases and may help rebuild confidence in the industry for developers and attract more liquidity to the ecosystem.$XRP Defies Expectations With Massive Price Surge And Trading Volume SpikeFollowing the #news , $XRP saw a surge in price, reaching as high as $0.93, the highest price since May 2021, and closing at $0.82. According to data compiled by the research company CCData, the news led to an influx of trading activity, with XRP trading pairs on centralized exchanges (CEX) recording a total volume of $6.05 billion on the day, an increase of 1351% from the previous day.The relisting of the asset on other centralized exchanges, including Coinbase, Kraken, and Gemini has also contributed to the spike in volumes. The news surrounding the ruling also led to almost 100% daily gains for XRP, with other tokens such as Solana ($SOL ) and Cardano ($ADA), recently deemed securities, seeing significant gains of 35% and 28%, respectively.Despite the negative backdrop that XRP has faced due to the lawsuit, its market depth liquidity at the 1% level has remained resilient year-to-date (YTD). XRP’s 1% bid/ask side depth at Yearly Open was 26.5 million XRP, which saw a variance of 0.41% throughout the year and remained strong at 25.1 million XRP on the 12th of July. Derivatives Data Shows Positive SentimentAccording to the report, Derivatives data indicate that XRP’s positive funding rate remained steady over the past few days, in line with the wider positive market sentiment. The lawsuit news generated a significant rise in speculative interest on the bid side, with a $280 million increase in Open Interest, from $635 million to a high of $913 million across exchanges. Moreover, funding rates reached over 0.03% across exchanges, over three times higher than its baseline level of under 0.01% before the announcement.On the other hand, the funding rate history of XRP shows that speculators trading perpetual contracts have been favoring the upside, with minimal time spent this year in negative funding rate territory. This underscores the positive sentiment of traders for XRP, which was recently rewarded with a large price rise due to the announcement. While it remains to be seen whether XRP will maintain its extremely positive funding rate, it is currently a good standard for gauging positive sentiment within altcoins, given the attention and volume it is generating.Considering the lawsuit’s success, the implications for the market are overwhelmingly positive, and the ruling provides clarity that did not exist before the judgment. According to CCData, the market could see a few trends emerge, such as coins deemed securities recovering well and potentially outperforming and the potential for #bitcoin dominance to drop as an overall percent of market cap, given renewed optimism in altcoins.Despite the recent surge in positive sentiment and renewed investor confidence, XRP has experienced a significant price drop. After coming close to reaching the $1 mark, which it has not seen since November 2021, XRP is currently trading at $0.7002, marking a decrease of over 11% in the last 24 hours.
XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
In a long-awaited decision, Judge Torres ruled in favor of #XRP in their case against the U.S. Securities and Exchange Commission (#SEC ) yesterday. The verdict is a positive development for the #cryptocurrency industry, particularly with a focus on whether digital assets should be deemed securities in the US.The ruling is expected to set a precedent for the industry moving forward. It is positive for both altcoins and the wider industry, as the default expectation is that these assets are not deemed securities so long as they are made available to the public. This event will likely have wider implications for ongoing legal cases and may help rebuild confidence in the industry for developers and attract more liquidity to the ecosystem.$XRP Defies Expectations With Massive Price Surge And Trading Volume SpikeFollowing the #news , $XRP saw a surge in price, reaching as high as $0.93, the highest price since May 2021, and closing at $0.82. According to data compiled by the research company CCData, the news led to an influx of trading activity, with XRP trading pairs on centralized exchanges (CEX) recording a total volume of $6.05 billion on the day, an increase of 1351% from the previous day.The relisting of the asset on other centralized exchanges, including Coinbase, Kraken, and Gemini has also contributed to the spike in volumes. The news surrounding the ruling also led to almost 100% daily gains for XRP, with other tokens such as Solana ($SOL ) and Cardano ($ADA), recently deemed securities, seeing significant gains of 35% and 28%, respectively.Despite the negative backdrop that XRP has faced due to the lawsuit, its market depth liquidity at the 1% level has remained resilient year-to-date (YTD). XRP’s 1% bid/ask side depth at Yearly Open was 26.5 million XRP, which saw a variance of 0.41% throughout the year and remained strong at 25.1 million XRP on the 12th of July. Derivatives Data Shows Positive SentimentAccording to the report, Derivatives data indicate that XRP’s positive funding rate remained steady over the past few days, in line with the wider positive market sentiment. The lawsuit news generated a significant rise in speculative interest on the bid side, with a $280 million increase in Open Interest, from $635 million to a high of $913 million across exchanges. Moreover, funding rates reached over 0.03% across exchanges, over three times higher than its baseline level of under 0.01% before the announcement.On the other hand, the funding rate history of XRP shows that speculators trading perpetual contracts have been favoring the upside, with minimal time spent this year in negative funding rate territory. This underscores the positive sentiment of traders for XRP, which was recently rewarded with a large price rise due to the announcement. While it remains to be seen whether XRP will maintain its extremely positive funding rate, it is currently a good standard for gauging positive sentiment within altcoins, given the attention and volume it is generating.Considering the lawsuit’s success, the implications for the market are overwhelmingly positive, and the ruling provides clarity that did not exist before the judgment. According to CCData, the market could see a few trends emerge, such as coins deemed securities recovering well and potentially outperforming and the potential for #bitcoin dominance to drop as an overall percent of market cap, given renewed optimism in altcoins.Despite the recent surge in positive sentiment and renewed investor confidence, XRP has experienced a significant price drop. After coming close to reaching the $1 mark, which it has not seen since November 2021, XRP is currently trading at $0.7002, marking a decrease of over 11% in the last 24 hours.
6% $1INCH got unlocked and the price tanked exactly those 6% - supply is already bought and promising to rise again as the released amount is already gone.
Dear Binancian who reads this. This one is a real story of myself that I am going to share for the sake of preventing others doing the same mistakes as I did and improve on them. Remember though troughout all of this, mistakes are Important and we need to touch to fire sometimes, even if we were told it is hot - we need to feel the warmth ourselves to understand, grow on it and learn from it.
Mistakes are important and the only way we learn. "If I had succeeded 9 Years ago when I first started, I would have not known how to properly handle big money and continue to profit. Even worse, out of Luck I would think that I am skilled at what I do and step into a world of relentless debts" When I started I was a young desperate Guy, on emotions I have spent all our Savings, only 6000$ at the time, on one token and lost 80% within minutes. Background Infos/explanation of thoughts and actions before continuing with the story in a few words: We were only 21 years of age(which is no excuse for the stupidity) and were forced to move to different places which should have been my number one priority back then, instead of wasting it all on nothing.Up to this day I am still thinking why did my wife go trough all that with me?But I am speechless and grateful for having her in my life - without her, I would have given up so many times and wouls have went to places which would have destroyed me, physically, emotionally and financially because I was just lost in so many regards. During this time she had diagnosed and suffered her first seizures and shortly after there was a diagnosis of multiple sclerosis which impacted her life so much - but she never ever gave up, she thought me to stay strong and fight back, even if all hope is lost - what else would you do? Give up and die? Death is for the weak! I thank you from all of my heart my dearest love.I will love you and only you until the end of times. I want to use this opportunity to highlight the Listing Losses that occur in 98% of trades, just like with XAI or any other newly listed token. DO NOT BUY IT RIGHT AWAY. THE TOKEN PUMPS WITHIN 1.5 SECONDS AFTER LISTING AND IS DOOMED TO REDUCE AT MINIMUM BY 50% (Atleast on the same day, or right after)You WILL lose money!! I fully understand that the 3.000% Gains figure is absolutely terrific and you also want a part of that - but we are not chosen for this cake my friend.This cake is for people with bigger wallets than we have combined in years.They can eat trough us and survive droughts - we cant.Focus on the leftovers that are dropping slowly but surely to the grounds.
Most non-whalers are thinking: "I'll buy the top pumping coins, they'll continue to pump" and they lose Then they think instead regaining that loss or instead to improve or work on their strat: "Those breadcrumbs are not worth my time. I'll get lucky with another top coin then on that day or another" Until they bleed out completely. And if they do buy in within the golden period of the top pumping coin of the day, 99% of the time this happens: "Damn I got so much already I'll wait longer it will go up so much higher!" Then the pump stops, and they go out +/- 0 at best.
There are many mistakes made in this example, like no research done, buying on fomo, buying on pure instinct or just out of greed. And you can absolutely trust me - I did ALL of those, and MORE and still, sometimes I do SOME of them TO THIS DAY - it is inevitable, you only have to make sure you are capable of living on with your mistakes.And Because we are all humans - we are emotional beings that are completrly dependant on outside factors in regards of mood, capabitlity, cognitivity etc. That we sometimes just lack the certain neuritransmitter on one day to think something trough. Continuing the Story: Not knowing the market I panicked and sold off, hoping to recover whats left.I was so embarassed, I felt ashamed and couldn't even let my family know, I kept it a secret for years. Worked a regular job at day and learned the market at night. I have set a goal: Either I :Recover all whats lost and do my research, bite the bullet and stand your manHope for Moon without any researchEat it, take what is left and never come back to crypto As I was stupid and young, I hoped for 2) to happen - which never did - and lost 90% of my last 20% funds.
Then it clicked and I began to learn and adapt. I have monitored my behaviour which led to this disaster and noticed that it was due to my personal character traits, my greediness and lack of knowledge. I had to work on myself - before I could continue. After a long years fight I had recovered all 6000$ and told my family about what happened.
Transitioning to 2023, my Wife had an Anorism followed by seizures and I just came home 2 minutes before it happened due to working overtime at my unfulfilling, underpaid job for which I am overqualified again.I made the decision to prioritize my TIME with her from now on, I'd never forgive myself being at work and not with her after that - I want to find a way, to earn money and spend time with her. And from day X to Y I quit my Job without any kind of securities - completely determined to make it on the market. (Not recommended!) I made a strategy, focused on spreads up to 1% at max and made 755 Trades, 744 Wins / 11 Loss and tripled my startup.Now I am finally able to sustain my Family, albeit I am still learning and still need to earn way more for a comfortable life - but I have the time to spend with my wife now. The Moral of the story is: Don't act too fast, always do your research and most importantly - Never ever give up your goals!! Work on yourself before you work your portfolio - this lesson cost me 9 years and thousands of dollars of debt which I am continuously fighting back to this day. But my family and I are still struggling because of my stupid, uneducated decisions Some of the most important traits and mindsets that can help you succeed in the Crypto/Stock Market: - Discipline: Successful traders are disciplined and stick to their trading plan. They have a set of rules that they follow and do not deviate from them. They also have the discipline to cut their losses and take profits when necessary. - Patience: Patience is key when it comes to trading. Successful traders know that they cannot make money every day and that there will be periods of losses. They are patient and wait for the right opportunities to present themselves. - Risk Management: Risk management is crucial in trading. Successful traders manage their risk by using stop-loss orders and position sizing. They also have a risk-reward ratio that they follow. - Emotional Control: Trading can be emotional, and successful traders know how to control their emotions. They do not let their emotions dictate their trading decisions. - Continuous Learning: The Crypto/Stock Market is constantly changing, and successful traders know that they need to keep learning to stay ahead. They read books, attend seminars, and keep up with the latest news and trends. - Adaptability: Successful traders are adaptable and can change their trading strategies when necessary. They know that what worked yesterday may not work today. - Confidence: Confidence is important in trading. Successful traders have confidence in their trading plan and their ability to execute it. - Perseverance: Trading can be tough, and there will be times when you want to give up. Successful traders have the perseverance to keep going even when things get tough. - Realistic Expectations: Successful traders have realistic expectations. They know that they cannot get rich overnight and that trading is a marathon, not a sprint.
To become a better trader, you should focus on developing these traits and mindsets. You should also keep a trading journal to track your progress and learn from your mistakes. I hope this helps! Let me know if you have any other questions or would like to have more in depth explanations.If you appreciate my Post, Please leave a like and share it with other traders so they can join the circle! #ScamRiskWarning #BinanceLaunchpool #BTC #Memecoins #bitcoinhalving $BTC $ETH $BNB