SWIFT moves $5 TRILLION per day. But it’s outdated.
Transfers take days. Fees are unpredictable. The system is fragmented.
Now, for the first time, $XRP is part of that network and it’s going to change global finance:
BIG BREAKING 🤯 🤯
National Commercial Bank of Saudi Arabia Joins RippleNet. #XRP
they have 400 branches across the country and are the second largest bank in the Middle East by total assets.
🚨 New partner alert: Ripple USD – a trusted, transparent, and regulated stablecoin built for payments – is now available for trading on @ZeroHashX and @RevolutApp!
Get $RLUSD: https://t.co/jrEiNBWKgN
I truly think Jamaicans are the most fascinating people on earth.
In today’s episode: Insanely fit J’can man working out with a spliff in his mouth and alcohol in one hand. 🤣🤣
🚨 #XRP according to a recent report to skyrocket to $14.60, analyst predicts an economic shift that will be pivotal for XRP!
Billions are flowing into XRPL tokens! The top defi token on XRPL has jumped from $0.30 to $0.50 but with the same market cap as XRP would push past the $1298 point!!
Money has begun pumping into @TokenCTF but any shock could sent it near instantly into high $100s if not $1000s.
My bags keep getting bigger! Think about it #defi won’t be going anywhere and a total supply of 120 million is so low, in fact it’s the lowest of any token of any in the top 10!!!
CTF token trade link on XRPL: https://t.co/dAFPRyHGUF
Website: https://t.co/7fjMUxWEcV
*DYOR*
#BTC
4 Phases of The Bitcoin Halving
1. Pre-Halving Rally
Approximately 35 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
History has repeated in this respect
Now, Bitcoin is slightly more halfway through its Pre-Halving Rally phase
Even so, Bitcoin has performed a historic, never-before-done feat in its price action in the Pre-Halving period...
It has broken to new All Time Highs
This Pre-Halving Rally phase has thus been extensive
However technically, the next step is a Pre-Halving Retrace
Historically, in anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
2. Final Pre-Halving Retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a few weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks and up to 77 days
This year, Bitcoin has experienced a -18% pullback in January and a -14% this early March
Therefore it's possible a Pre-Halving Retrace, should one occur, would more likely be on the shallower side than on the deeper side
Also, this Pre-Halving Retrace could also be much shorter than has otherwise been the case historically
3. Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
However, in this cycle it would be the very first time that this Re-Accumulation Range develops the New All Time High area
As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range and may not last very long before additional uptrend continuation
4. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle
$BTC #Crypto #Bitcoin
NEW: Bloomberg's @EricBalchunas reports "#Bitcoin ETFs will likely find gold too easy to conquer... In their first two months, the 10 ETFs have almost doubled assets to $55 billion on a pace to pass gold ETFs in size in a few months rather than years."