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rightly said. they just exaggerate it to farm views and followers

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The WalletConnect token #wct is experiencing a price drop due to a combination of factors, including post-airdrop selling pressure, potential institutional sell-offs, and bearish technical indicators. Early recipients of the airdrop are selling their tokens, and a large transfer from WalletConnect's multisig wallet to an exchange has fueled concerns about potential institutional selling. Additionally, technical analysis suggests weak buying momentum. Here's a more detailed breakdown: Post-Airdrop Selling: Following the WCT airdrop, many early recipients are selling their tokens, leading to increased sell-side pressure and a price decline. Potential Institutional Sell-Offs: A large transfer of #wct from WalletConnect's multisig wallet to Binance raised concerns that institutional investors might be selling, further impacting the price. Bearish Technical Indicators: Low Relative Strength Index (RSI) and declining moving averages indicate weak buying momentum and a potential continuation of the downward trend. Market Sentiment: Negative sentiment surrounding the token, potentially due to the timing of listings and concerns about insider vesting schedules, is contributing to the price drop. High Trading Volume on Korean Exchange Upbit: A large trading volume on Upbit, a Korean exchange, suggests a significant number of investors are exiting their positions. Lack of New Fundamental Factors: The WalletConnect team has not released any new updates or developments that could support the token's price, further contributing to the negative sentiment. Panic Selling: The sharp drop in price has triggered panic selling, where investors sell their tokens out of fear, exacerbating the decline. Loss of Investor Confidence: The combination of these factors has led to a loss of investor confidence in the token, making it more vulnerable to price drops. Liquidity Problems: Low trading volume on smaller exchanges can exacerbate price swings, making the token more susceptible to volatility.

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Cardano Price Prediction: Will $ADA Rise 1000% to Rejoin the Top 10 in the Upcoming Bull Run? Regarding pricing, ADA has had some of the most dramatic highs and lows; it peaked in September 2021 at $3.09 just to fall short. The crypto community now has fresh hope, as some analysts are expecting an astounding rise in its price in the next few years. Although Cardano's long-term prospects seem bright, a new competitor on the scene is providing maybe quicker returns: Rexas Finance (RXS). Let's explore Cardano's prospective expansion and the reasons Rexas Finance could be a better investment for someone seeking a faster 1,000% increase. Although Cardano's long-term promise is exciting, investors seeking quicker profits in the cryptocurrency market may investigate Rexas Finance (RXS), a blockchain initiative pioneering Real World Asset (RWA) tokenizing. Rexas Finance lets people own and tokenize real-world assets such as real estate, artwork, and intellectual property, therefore creating a universe of financial possibilities once unthinkable to the ordinary investor. Rexas Finance has shown amazing development already; its presale shows no slowing down. The platform generated over $5.4 million in the recently concluded Stage 4, giving early investors over 130% profits in just two months. This explosive increase in demand indicates the growing conviction about the promise of Rexas Finance. With 74.56% of the token allocation having been sold, Stage 5 of the presale is in progress right now. #ADAUSDT

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#CardanoDebate ADA Drops 6% as Cardano Community Debates $100M Stablecoin Liquidity Proposal Cardano’ $ADA token declined 6.01% to $0.6412 as the market reacted to both macro volatility and a heated governance debate over a proposed $100 million treasury allocation aimed at strengthening the DeFi ecosystem. On Wednesday, the TapTools team asked its followers on X what they think about the idea of deploying 140 million ADA (around $100 million) to provide liquidity for stablecoins like USDM and help power Cardano’s growing decentralized finance sector. Not everyone is on board. Influential account @cardano_whale argued that introducing 140 million ADA in sell pressure under current market conditions would be damaging. He acknowledged the potential long-term DeFi benefit but warned that governance proposals are typically front-run by traders, meaning any public plan to sell #ada at $0.70 might end with that supply being sold at $0.50. Instead, he favored minting crypto-backed stablecoins like ObyUSD to avoid direct selling pressure.

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