People are being too much positive on XRP. I'm not going 100% against it, but there are some key factor everyone should focus on. Market cap of XRP is 209B today which is roughly 50% away from $ETH market cap. so my point is if you want XRP to rise 100% from here, it's market cap needs to suppress ETH's market cap which is not logically possible until ETH's market cap exceeds 600 billion dollars. So even though XRP being strong at this price level, it's not possible for XRP to become second largest token on the market suppressing ETH.
So think logically and trade on XRP before you experience disaster. I'm seeing a bearish divergence on XRP weekly time frame. Also the breakout was not that strong and I don't see any institutional entry on XRP in recent bull run. I'm being extremely negative on XRP, harmonic pattern also suggests a short position from. So focus on ETH and go short on XRP if market pullbacks from here for a correction. GOING SHORT ON XRP.
Trade setup : Signal : SHORT Entry : 3.5 target 1 : 3 target 2 : 2.9 stop loss : Above 4.05
Note : Future trades are highly risky so make sure to manage your fund perfectly before taking any future positon.
What does it mean? For the short term - less interested in the investments, nobody likes what their holdings give less than previously. But, I'm looking at that from the long perspective - less new coins on the market means less pressure from the sellers side.
We will fall a little bit before the market opens an opportunity to grow. Nice time to increase your holdings, if you're not flipping and trying to create the basement for the years.
But I'm still not sure about this project yet, and here is why:
The Caldera project, a Rollup-as-a-Service (RaaS) platform, simplifies the Ethereum Layer-2 rollup deployment for developers. Another one ETC layer, c'mon.
We already have a lot of the same RaaS, Zeeve, Arbitrum, BNB and others. ----------------- Pros:
Caldera offers fast, customizable rollup deployment, enabling high-performance, app-specific blockchains with low fees and sub-second confirmations. Blah, blah, blah.
Its Metalayer enhances cross-chain interoperability, and a strong team backed by $24M from Sequoia and Dragonfly ensures credibility. That can be good, for sure.
The platform supports Web3, DeFi, and gaming innovation. As others do. ----------------- Cons:
No clear roadmap exists, potentially hindering long-term planning. Exactly for the long-term - that's a red flag to invest.
The platform’s complexity may challenge less experienced developers, and the absence of a confirmed native token could disappoint investors.
Caldera’s focus on developer tools may limit mainstream adoption. You need to be more flexible. -----------------