DisClamier: this is Informational only, not financial advice. Author's views may differ. Do your own research—*The Crypto Basic* isn’t liable for losses. 💡🔍
XRP Loses $11 Billion in Just 48 Hours After Ripple Case Dismissed 😱💸
In an unexpected twist, XRP has witnessed a staggering $11 billion wiped off its market cap just 48 hours after the Ripple vs. SEC case was dismissed. 🚨 The dismissal initially sparked optimism for many investors, but the sudden drop has left many crypto enthusiasts scratching their heads. Let’s break down what happened:
What Went Down? 🧐
Despite the SEC’s legal challenge against Ripple ending, XRP experienced a significant market correction, losing $11 billion in value. This drastic drop has raised questions about whether the market is truly ready to embrace XRP or if it’s just a temporary setback.
Key Factors Contributing to the Drop 📉 1. Market Sentiment: The initial excitement over the case dismissal quickly faded. Many investors might have overestimated the immediate impact of the ruling, leading to a sell-off. 2. Profit-Taking: With XRP’s price climbing in anticipation of a positive outcome, many traders might have taken profits, causing the price to correct sharply. 3. Broader Market Conditions: The overall market sentiment in cryptocurrency can be volatile. XRP is not immune to broader market trends, and when the general market sees corrections, even strong projects like Ripple can feel the impact.
What Does This Mean for XRP’s Future? 🔮
While the recent dip might be concerning for some, it’s important to remember that XRP’s fundamentals have not changed. The legal victory over the SEC is a major win, and Ripple’s ongoing work with major financial institutions continues to strengthen its position in the crypto world. 🌐
However, the volatility highlights the unpredictable nature of crypto, so caution is key for investors looking to enter or adjust their positions. 💡
💬 What are your thoughts on the sudden price drop? Is this a buying opportunity or a red flag? Let us know in the comments! 🔥
🚀 Follow for more updates on XRP and other cryptocurrencies! 📲
95% of XRP Holders at Risk of Being Priced Out: Expert Shares Concerns and Solutions
XRP continues to surge. As of today, it now takes 2,500 XRP or $6,500 to land in the top 10% of holders.
Meanwhile, a few months ago, 3,000 XRP would cost around $1,500 to enter the top holders’ threshold. This rapid price increase raises alarms. As a result, Farina predicts that up to 95% of current holders may struggle to hold on to their investments in the long run. Farina explained that the surge in price is making it increasingly difficult for smaller investors to stay involved. His perspective about the significance of being in the top 10% of holders comes from the view that around 2,500 XRP is the required minimum to position oneself for financial success.
Notably, this perspective builds on his belief that XRP’s unit value could reach thousands of dollars. Hypothetically, this scenario could make modest XRP holdings today worth millions of dollars in the future.
Furthermore, the potential for being “priced out” is compounded by many investors’ financial struggles and investment mistakes.
Farina explained the common mistakes he sees XRP holders making that put them at further risk of losing their investments. The first issue he identifies is poor key management.
Without biometric identification on most wallets, if holders lose their keys, they lose access to their funds. Farina claims to have received numerous messages from individuals who have fallen victim, highlighting the importance of safeguarding wallet keys.
The second major issue, according to Farina, is people being scammed or hacked due to negligent key management. Scammers often prey on inexperienced holders, offering false promises of airdrops or doubling funds in exchange for XRP.
Who Is Satoshi Nakamoto? The $94 Billion Mystery! Still Unsolved… Still Untouchable.
A statue stands in silence… Representing the most mysterious figure in crypto history — Satoshi Nakamoto, the unknown genius behind $BTC.
Here’s what we know: 🔐 Satoshi created Bitcoin in 2009 👤 True identity? STILL unknown! 💰 He holds over 1 million BTC — valued at $94,000,000,000+ ⛓️ None of it has ever moved…
Imagine the power of a wallet that could crash the market in seconds — but never does. Is it trust? Fear? Or… has Satoshi vanished forever?
What if he returns? What happens to Bitcoin then? Drop your thoughts below!
$TRUMP Memes is planning to launch an NFT marketplace called Trump Points — a platform where users can buy and sell NFTs using either loyalty points or crypto. Loyalty points will be earned by trading, completing tasks set by the platform, and potentially boosted by holding Trump Coin — according to the leaked info.
My take: TRUMP long looks tasty — but with that snapshot coming up in 1.5 hours, we could see some sell-off after. I’m chilling for now, market’s giving zero reaction.
For the next 90 days, both countries are easing tariffs — a temporary truce:
🔥 China cuts tariffs on U.S. goods from 125% to 10%. 🔥 The U.S. lowers tariffs on Chinese goods from 145% to 30%. 🔥 New structure: 10% base rate + 20% surcharge related to the fentanyl issue.
On this news, Bitcoin is already trading above $105,000 🚀$BTC
Monday, May 12th: 🇺🇸The WASDE report - 19:00GMT 🇺🇸USA - Federal budget (Apr) - 21:00GMT
Tuesday, May 13th: 🇺🇸Trump is on a visit to Qatar, Saudi Arabia, and the United Arab Emirates from May 13 to May 16. 🇺🇸USA - Consumer inflation CPI (Apr) - 15:30GMT
Wednesday, May 14th: 🇺🇸Trump is on a visit to Qatar, Saudi Arabia, and the United Arab Emirates from May 13 to May 16. 🇩🇪Germany - Consumer inflation CPI (Apr) - 09:00GMT
Thursday, May 15th: 🇺🇸USA - Initial Jobless Claims - 15:30GMT 🇺🇸USA - PPI prominflation (Apr) - 15:30GMT 🇺🇸USA - Philadelphia Fed Manufacturing Index (May) - 15:30GMT 🇺🇸Powell - 15:40GMT
JUST IN: The TRUMP meme coin team transferred over $52 million worth of tokens to centralized exchanges, calling it “liquidity operations,” amid rising scrutiny over transparency and insider activity, according to LookOnChain.