But wait! There’s a whale who dove in on October 8th, all excited about the $0.1449 price, now drowning in a sea of red. This poor soul is sitting on a floating loss of over $700K, even after trimming their position. Talk about a bad call! And if this doesn’t make you question the token’s future, I don’t know what will.
And lo, the industry finds itself amidst a lull period, its compass blown by the grim hurricane of FTX’s revelations in November 2022. Yet, in a peculiar twist of fate, the current quarter had 414 deals, with merely seven accounts standing like boulders in a stream, commanding half the funding.
Because, wouldn’t ya know it, them fellers called “analysts” are a-warnin’ that this here feel-good rally might just be a… well, a “dead cat bounce.” Which, as any sensible person knows, ain’t a good sign. It’s a bit of a perk-up before things go plumb south again, if you catch my drift. 📉
Mark well, dear reader, the upward march of XRP, a spectacle both glorious and absurd! It surged past $2.020 and $2.050, outpacing even Bitcoin and Ethereum, those titans of the crypto realm. Yet, what is this but a fleeting moment in the eternal dance of greed and fear? A high of $2.286 was reached, and then-ah, the cruelty of fate!-consolidation ensued, above the 23.6% Fib retracement level, a mere bandage on the wounds of uncertainty. 😩
Dunamu, with its eyes on the Nasdaq, is ready to dance on the stock market stage, all while the merger with Naver, the “Google of South Korea,” is set to close this week. 🤯
This price rally is like a toddler with a new toy: chaotic, loud, and everyone’s watching. Solana’s ecosystem is buzzing with technical upgrades and on-chain participation, which is basically the cryptocurrency version of “I’ve got a secret!”
Pompliano, during a recent pronouncement on CNBC’s ‘Squawk Box’ (a name conjuring images of rather agitated poultry, I must say), elucidated that Bitcoin, in the past decade, has plummeted a full 30% or more no fewer than twenty-one times! Twenty-one! One begins to suspect it enjoys the fall as much as the ascent. 🤔
Franklin Templeton Digital Assets and Grayscale have introduced their respective XRP exchange-traded funds (ETFs) on NYSE Arca, making it easier for investors to get their hands on this digital asset. 🤝 XRP is now trading like a stock, complete with regulated custody, daily transparency, and liquidity – all the bells and whistles for institutional investors! 📊
Most nattily dressed analysts murmur sotto voce-it’s a bear market, of course, citing structural wardrobe faux pas and a poise-flaunting dismissal from prior graces. Yet, in the charity shop of market whims, a small but eager bunch of enthusiasts insists this is naught but a faux-culpa, a dress rehearsal for a boom, not an eternal débâcle.
And here we are again. HBAR posted a recovery that would make even the most stoic investor shed a tear of joy. It formed a clear triple-bottom pattern inside a weekly demand zone that’s been hanging around like a forgotten guest for months. Market data reveals three distinct retests of this area, each one creating reaction wicks. These aren’t just lines, folks. They’re signs of renewed buying pressure. Oh, the drama of it all! 😏
