Accéder au contenu principal

Protect Your XRP: Crypto Analyst Sounds Warning Alarm For Market Manipulation

In a recent development, a crypto analyst has warned of the possibility that the XRP may be manipulated as the discussion around the token’s value and future trajectory continues to heat up, especially in the wake of Ripple’s second victory against the US Securities and Exchange Commission (SEC). 

“Significant Market Manipulation” On The Horizon

In a tweet shared on their X (formerly Twitter) page, crypto analyst Wall Street Bulls warned XRP holders about a “significant market manipulation”. They suggested that the “0.01% wealthy elite and major bankers” may be behind such acts. 

The author of the tweet made this claim while sharing a price chart of XRP, which showed that the token had suffered a massive decline from a high of $0.8, which it achieved back in July following Judge Analisa Torres’ ruling that Ripple’s programmatic sales and other distributions didn’t constitute investment contracts. 

Providing more insight into the alleged market manipulation, Wall Street Bulls stated that the financial powerhouses (which they claim are known for historically manipulating assets like gold) are also supposedly “suppressing” the value of XRP. According to the author, this is evident in the fact that the token is still facing “undue negative pressure in the market” despite regulatory clarity.

This belief seems to stem from the fact that many had projected XRP to see new highs following Judge Torres’ ruling in favor of Ripple against the SEC. As such, with this not happening, some might assume that there may be external factors (like market manipulation) in play, which may be the reason for the token’s rather lukewarm price movement. 

Token price struggles after failing to hold $0.5 | Source: XRPUSD on Tradingview.com

Media’s Role In The Manipulation

The crypto analyst also highlighted the role of several media outlets in manipulating XRP’s price. They noted that, in serving the interests of the elites, the media platforms have “consistently” launched “unwarranted attacks on XRP” in a bid to control the narrative of the token and its ecosystem. 

As to why the elites may be manipulating the market, the analyst stated that they want to accumulate more XRP at lower prices by forcing holders to dump their tokens, possibly out of FUD.

However, Wall Street Bulls advised individual investors to hold firm and stay informed as it is “crucial” for them to be aware of these manipulative tactics. According to them, the token has the potential to “generate substantial wealth for holders in the long term, not just for the elite but for everyone.”

Others in the XRP community have also argued that the asset has become more valuable despite the token’s current price. Meanwhile, the long-term outlook for the token among many crypto analysts seems to be bullish despite some predicting that XRP holders may experience more pain before the token experiences a massive rally. 

Featured image from Shutterstock, chart from Tradingview.com




Source link

The post Protect Your XRP: Crypto Analyst Sounds Warning Alarm For Market Manipulation appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

13 Apps and Websites That Will Pay You To Watch Ads

Do you know you may get paid to look at advertisements? You possibly can, however b efore you get too excited, perceive that watching advertisements will not exchange your day job or purchase you a brand new automotive. They do, nonetheless, create nice alternatives to monetize your downtime.  How To Watch Adverts for Cash Should you personal a smartphone, there are a lot of methods to earn cash on this gig financial system. Watching advertisements is a wonderful method for 14 and 15-year-olds in search of work  to earn money. Earn cash by watching advertisements briefly bursts in your free time, like when your youngsters are napping or throughout a espresso break. You might also be capable to redeem factors without cost Amazon present playing cards or present playing cards from different retailers . Which brings us to the query, how precisely do you receives a commission to look at advertisements, and the way a lot cash are you able to anticipate to make? What websites do y...
Enregistrer un commentaire
Lire la suite

AI research highlights in finetuning ChatGPT-like LLMs

This article is a compilation of 23 AI research highlights, handpicked and summarized. A lot of exciting developments are currently happening in the fields of natural language processing and computer vision! In addition, if you are curious about last month’s highlights, you can find them here: AI Research Highlights In 3 Sentences Or Less (April-May 2023) Direct Preference Optimization: Your Language Model is Secretly a Reward Model ( https://ift.tt/fV1dLTZ , 29 May 2023) Direct Preference Optimization (DPO) is a new alternative to reinforcement learning with human feedback (RLHF) with Proximal Policy Optimization (PPO), which is used for instruction-finetuning models like ChatGPT. Here, the researchers show that the cross-entropy loss for fitting the reward model in RLHF can be used directly to finetune the LLM. According to their benchmarks, it’s more efficient to use DPO and often also preferred over RLHF/PPO in terms of response quality. LIMA: Less Is More for Alignme...
Enregistrer un commentaire
Lire la suite

MicroStrategy Spends Another $600M to Purchase Over 16,000 BTC

MicroStrategy, the NASDAQ-listed business intelligence software giant that made waves over three years ago with its pro-Bitcoin strategy, has gone on another buying spree. The firm’s former CEO and founder – Michael Saylor – outlined the latest BTC purchase, which was worth nearly $600 million. Saylor asserted that the company he founded over three decades ago had spent $593.3 million to buy 16,130 BTC more for an average price of $36,785 per Bitcoin. This has become MicroStrategy’s second BTC purchase for November. As reported before, the firm bought 155 BTC for $5.3 million at the start of the month. The latest acquisition puts the company’s total stash at 174,530 BTC. It spent just under $5.3 billion to purchase the amount. This means that MicroStrategy sits on a massive unrealized profit of over $1.2 billion, given BTC’s current price of $37,750. MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per #bitcoin . As of 11...
Enregistrer un commentaire
Lire la suite