still be careful remember that the initial price is 0.05...with a token unlock supply of 2.2% per month until September 2028 from now
CRYPTO MECHANIC
--
As $XPL is now listed on Binance Here is what you should do when a new token launches on exchange
1- Find out if there was an ICO (initial sale) for the coin. If there was any what was the sale price. Or find out if they raised any funds and what price.
2- What will be the total supply of the coin and how much is circulating at the time of launch.
3- What sector of the technology they're focusing on? is it Ai , ecosystem ,layer 1 or 2 or any other crypto narrative .
4 - Once you get all the info wait and see at what price the coin is launched. Compare the gap between the ICO price and the launch price.
5- What's the marketcap of the coin at the time of launch. If it's too high it's not worth buying right at the launch. it's most likely launched at higher prices and people who got the presale or free airdrops will rush to cash out.
6- Make sure the price is not too high from the ico price and marketcap is less than $500 million. Even $500 is more but higher than this will hold bigger risk.
7. Find out if it's a new coin or already trading on other exchanges.
8. Find out if there was a free airdrop of this token, As far as i know XPL tokens were shared as free airdrop to it's community and was also shared on BNB Hodlers. Once you find out all of these details. Now ask yourself should i chase this coin right after it launched or not?
My suggestion to you : Don't even buy a coin right after it launched - Watch the price action for a few hours - Let the coin build a base price.
keep your mind, don't let the high prices make you chase after them
The_Pathfinder
--
ALTCOIN HOLDERS š°
āļø It is time to pay ATTENTIONāļø
The month of February has started bloody with altcoins dropping in value as if the world is coming to an end. Many altcoin holders look at how their portfolio keeps dwindling in size day by day and are still confused as to whether the market will recover from here or continue to drop further.
It obvious that no one can clearly predict in absolute certainty what the market will do next, but we can take a cue from what happened to Solana in 2022 when it dropped from $36 to $8. It was a very scary moment, but those who were courageous ignored the negative sentiments and seized that opportunity to accumulate at that zone. Fast forward, the market recovered, and they luckily made huge profits on their investments by the #Hodl Strategy.
The current market situation is no different. This is not the time to sit on the fence. Take a critical look at the coins in your portfolio, Opportunities are right before usā ļø
Whether altseason or not, an entry at this zone could give an opportunity to profit on the next bounce up.
š Don't forget to do your own research and follow me @The_Pathfinder for more useful crypto content. $FET $WIF $HBAR
World Bank Classifies XRP as Stablecoin for Cross-Border Payments !!!
Notably, the classification came in a November 2021 research paper titled āCentral Bank Digital Currencies for Cross-Border Payments.ā
The report considered the endeavors undertaken at the time to streamline cross-border payments for efficiency and cost-effectiveness.
It recognized stablecoins as a digital currency category that provides instantaneous processing and secure payments. In particular, the report laid emphasis on their stability concerning parity with fiat currencies.
Based on this premise, the World Bank identified two virtual assets that they believe fall into the stablecoin category: Rippleās cross-border payment currency, XRP, and the native asset of the Stellar network, XLM.
The World Bank report also emphasized that XRP and XLM enable faster and more efficient cross-border payments than traditional correspondent banking methods.
Sean McBride, a former director of Global Talent Acquisition at Ripple, recently brought the crypto communityās attention to this World Bankās classification of XRP #DYORć
Down forget About $VITE šÆšÆšÆ DYOR āš»āš»āš»
First half of 2024 Stake products: reduce token circulation Web wallet integration VITE Passport Vite iOS App rebrand Update ERC20 & Bep20 vite brand New SBP Incentive Program Released: More SBP and voting Vite Android App rebrand ViteX gateway migrationļ¼community gateway VITE ecosystem program to incentivize community projects VITE DAO second stage Hackathon Season 1: Inspiring Community Developers Vite listed on exchanges Vite App Dark theme Release VITE connect SDK: build your dapp or wallet New Partnerships
Second half of 2024 Vite listed on new exchanges (part 2) Vite Passport Rebrand The mainnet upgrade of 2024: āNeptuneā App and web wallet will be upgraded in conjunction with the mainnet The app cooperates with the web wallet to upgrade the main network for forced update. Web wallet and vitex service separated DAO treasury: Establish DAO treasury and community manage it Solidity++ VSCode Extension: Syntax highlighting and Code completion Vite listed on exchanges Vite Bridge DAO: Community Management Bridge Hackathon Season 2: Inspiring Community Developers VITE wallet revision 5.0.0 version AirDrop to VITE holder New Partnerships Vitasensus adds multi-chain management
XRP Whale Shuffles 203 Mln Tokens, Will Price Hit $0.58?
In a whirlwind of twists witnessed recently, XRP, a cryptocurrency backed by Ripple Labs, curated quite the buzz following the noting down of a significant whale transaction recently. As per on-chain insights offered by Whale Alert, a blockchain tracking platform, a whopping 203.10 million XRP, worth $112.20 million, on the move caught the eyes of crypto market enthusiasts.
Meanwhile, the XRP price today noted a substantial pump, nearing the $0.58 mark, sparking curiosity among crypto market traders and investors. The derivatives data for the Ripple-backed token further propelled bullish sentiments across the crypto market, coinciding with the surge in price witnessed today.
Do not let missed Today $Babydoge has in burn as much https://bscscan.com/tx/0xf4268c1d9121c0ba753651de06ae4726a5d5d8ae8fa73f995461de3faa6dc5a8 And That an in apply along in action