🚨 XRP Price Suffers Downtrend as Overvaluation Delays Recovery To $2.50
XRP price faces pressure as overvaluation delays recovery; NVT Ratio signals potential price correction ahead. Long-term holders actively accumulate, providing crucial support amid a two-week downtrend near $2.27.
💡 Quick Take:
XRP is currently trading at $2.30, reflecting a two-week downtrend. It is holding just above a key support level at $2.27. Securing this support is vital for the altcoin to prevent further declines and maintain a foothold for potential gains. If bullish factors continue to strengthen, XRP could bounce off the $2.27 support level.
Breaking through the downtrend could enable XRP to flip $2.38 into new support, paving the way for a rise toward $2.56. This recovery would signal renewed investor confidence. Conversely, if XRP loses support at $2.27, the price may drop further to $2.12. Such a decline would invalidate the bullish outlook and extend the ongoing downtrend, leading to increased losses for investors and sustained bearish pressure.
$XRP
{future}(XRPUSDT)
CETUS Surges 27% as Recovery Plan, Sui Foundation Loan, and Community Vote Boost Confidence
Cetus Protocol (CETUS) is currently trading at $0.1676 with a 24-hour trading volume between $173.6 million and $206 million, reflecting a 27.55% price increase from the previous day's open of $0.1314. The sharp price rebound is directly linked to recent recovery efforts following a $223 million security breach, including the announcement of a full compensation plan for affected users, a strategic loan from the Sui Foundation, and an ongoing on-chain community vote to return $162 million in frozen assets. These developments have driven renewed market confidence and significant trading activity, resulting in the notable price surge over the last 24 hours.
As far as the Blockchain Trilemma is concern , No blockchain has been able to achieve it.
And it is ok if Bitcoin hasn’t achieved that either, because knowledge is in layers.
Nothing comes out completely formed.
The world is constantly in a state of imperfection ,that is why every sector needs improvement daily.
Even decentralization hasn’t been achieved 💯% on any chain.
Bitcoin is Secure, Decentralized but not Scalable and it is 💯% Ok.
This is why we have Layer2 scaling solutions now coming up across other chains like ETH .
This is where Monolithic and Modular blockchains come in as well.
There is no Red alert ‼️anywhere, we are improving,we are advancing….
The industry can only get better and if Quantum computing becomes the new normal, That will require some improvement in the future as well.
QED📌
SUI Surges 4% as Security Initiatives and Nasdaq ETF Filing Drive Market Confidence
Sui (SUI) is currently trading at $3.7064, with a 24-hour price increase of 4.04% and strong trading volume, reflecting heightened market activity and a market cap of approximately $12.3 billion. The recent price movement is primarily attributed to the swift recovery actions following the Cetus Protocol security breach on the Sui blockchain, including a comprehensive compensation plan and the Sui Foundation’s $10 million security initiative, which have helped restore user confidence. Additionally, Nasdaq’s filing for a 21Shares SUI ETF and ongoing growth in Sui’s DeFi ecosystem have further boosted positive sentiment and trading activity, contributing to the asset’s resilience and upward momentum despite broader market volatility.
TRB Surges 17% as No-Stake Reporting and Version 5.0.0 Testnet Drive Market Momentum
Tellor (TRB) is currently trading at $50.73, representing a 17.62% increase over the past 24 hours, with substantial trading volume and a market cap of approximately $131.6 million, placing it at rank #311 by market capitalization. The recent price surge and heightened trading activity are primarily attributed to the implementation of the no-stake reporting mechanism, which allows data reporters to submit information without staking TRB tokens, as well as the rollout of Tellor's version 5.0.0 testnet upgrade. These technical developments have contributed to increased market interest and bullish sentiment, driving TRB's price above previous resistance levels.
Many folks saying top 25 is too small to incentivise for @stayloudio but they don't understand the idea here.
Think about it as two parties in the market:
1) Holders
2) KOLs
If the experiment works, there is a (3,3) relationship between these folks. You should imagine the prize to KOL as a "marketing budget" that Holders pay.
This generates a perpetual KOL incentivisation program, powered by a flywheel of traders and yappers thanks to Kaito.
The small list of 25 KOLs means that every KOL must try extra hard to climb, creating a rat race to the top. It also increases the prize if successful, making it attractive to even big KOLs.
Therefore, everyone can participate. If you can yap, yap. If you can try to yap, try. If you can't yap, then you benefit from everyone else yapping for your bags.
Of course, this is all a hyper-financialised experiment. @0x_ultra can probably adjust the exact mechanisms given feedback.
How many KOLs is necessary to have a successful project, even if there is no product? "Is attention all you need?"