This chart illustrates the ratio of Bitcoin's market capitalization to gold's market capitalization. Currently, the total estimated supply of gold is around 208,000 metric tons. For this chart, I have used 210,000 metric tons as the basis, factoring in the potential growth in gold's supply over the coming years. This adjustment reflects a forward-looking perspective, as we are likely to be closer to that quantity by the time Bitcoin's market cap approaches that of gold. For reference, 210,000 metric tons is approximately equivalent to 6.7 billion ounces. This chart reflects not just the potential trajectory of Bitcoin relative to gold but also the broader shift in how we perceive and store value in the modern world. As digital assets like Bitcoin gain traction and challenge traditional stores of value such as gold, this ratio becomes a symbol of a paradigm shift in global finance and technology. It's a testament to the inevitability of change and the power of innovation in shaping our economic future. This is where we are headed. Let us go home.
Hello, BITSTAMP:ETHUSD is positioned for further growth, with resistance looming at 4325.42. However, the market currently shows strong seller activity, suggesting the price may soon reverse direction. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
XRP has recently exploded to form a new all time high, however, XRP has a history of pumping and dumping. We can see that the Channel in which XRP has traded within since its inception has recently been broken. We could therefore see a fall to test this level as support before returning higher. However, if we take a look at the RSI over XRP's history, we can see that each time we reach 70-87 price reverses down hard. This time however, RSI has reached 92! implying that XRP is heavily over bought, and we should expect to see an equally aggressive drop, bringing both the RSI back into range, and forcing XRP back into the channel. If so, it would be a surprise if we see XRP plummet all the way to the channels equilibrium level, which sits at around $1.2. XRP is the cryptocurrency associated with Ripple, a blockchain company focused on facilitating efficient cross-border payments. Unlike many cryptocurrencies, XRP is designed primarily as a tool for financial institutions rather than as a direct medium of exchange for individuals. Here’s a detailed overview of its recent developments, unique features, and market positioning: Unique Features of XRP: 1. Focus on Cross-Border Payments: XRP was created to solve inefficiencies in traditional international money transfers by offering near-instant settlement and significantly lower transaction fees compared to traditional systems like SWIFT. 2. Consensus Protocol: Unlike Bitcoin or Ethereum, XRP does not rely on proof-of-work or proof-of-stake. Instead, it uses a unique consensus algorithm via its validators to confirm transactions, making it faster and more energy-efficient. 3. Scalability: XRP can handle up to 1,500 transactions per second (TPS), significantly outperforming many other blockchains, including Bitcoin and Ethereum, in terms of speed and cost-effectiveness. Recent Developments: 1. Introduction of XLS-30 AMM: The XRP Ledger (XRPL) has integrated a non-custodial automated market maker (AMM), enhancing its decentralized exchange capabilities. This allows developers and users to aggregate liquidity and order books directly at the protocol level. 2. On-Chain Activity Growth: XRPL saw a 108% increase in transaction volume recently, coupled with a 45% decrease in transaction costs, signaling its growing adoption for efficient decentralized finance (DeFi) applications. 3. Smart Contract Support: Ripple has partnered with interoperability providers like Axelar to enable cross-chain transactions, allowing developers to deploy smart contracts on XRPL. 4 . Institutional Interest: A second XRP-based ETF has been filed in the U.S., indicating a growing interest in XRP from institutional investors. If approved, such ETFs can bring significant liquidity to the ecosystem. 5. Token Burn for Supply Control: Ripple recently burned 470 million RLUSD tokens during beta testing, showcasing its active supply management to support token value. Market Cap and Growth Potential: Current Market Cap: XRP's market cap is approximately $143 billion, making it one of the top cryptocurrencies by value. However, we could expect to see this half in the near term. Future Potential: Analysts predict XRP could see significant price increases, potentially reaching $12 under favorable conditions like sustained demand growth, ETF approvals, and broader blockchain adoption. Industry Position: Ripple positions XRP as a backbone for financial institutions to modernize payment systems. Its partnerships with over 300 financial institutions globally, including Santander and SBI, further solidify its role in the financial technology (fintech) sector. With ongoing technological developments and increased adoption in the payments industry, XRP has positioned itself as a significant player in blockchain-based finance. However, its future growth largely depends on regulatory clarity, particularly in key markets like the U.S., and sustained adoption by financial institutions and DeFi platforms.
"ACA/USDT is shaping up with a bullish harmonic pattern and is currently testing a critical support zone. The symmetrical triangle breakout is key, and price action indicates potential for a strong move! ? Stay patient and disciplined — opportunities like these reward traders who wait for confirmations. Remember, every challenge in the market is an opportunity in disguise. ? ? Key Levels to Watch: Resistance: 0.1150 Support: 0.1100 Break and retest will guide the next major move. Stick to your strategy, set your stops wisely, and let the market do the rest! ? Tag your trading partners and let's ace this together! ?✨ #Crypto #ACAUSDT #TradingMotivation"
On Week or Month chart there is not enough data to count waves. As two base cases I am considering flat correction or a triangle. So, what is marked as red B can extend higher. Daily chart looks like this: https://www.tradingview.com/x/LnAB8yFe/ And 3h like this: https://www.tradingview.com/x/MxNYMcQr/ 3 hour chart indicates that we can expect wave 4 now, comparable to wave 2. In this case, I'd expect wave 4 to finish on the edge of the year somewhere around 110-120.
The carry trade wil probably continue to unravel until Q2-3 then rates will spike again and I expect stocks to selloff.
xenusdt spot It's just an idea please don't take it serious
On a more zoomed out NASDAQ:MNMD looks like it’s in a falling wedge. A little double bottom could be forming here as well. Will be accumulating $1500 or so in shares for a short term swing. Risk for me is $6.75 with a goal of $8.50 and leave some running. WSL
Solana (SOL) has been on a wild ride, recently revisiting its all-time high. But don't break out the champagne just yet! A critical resistance level has emerged around $240, acting as a major roadblock to further gains. Here's the breakdown: $240 Resistance: This price point is a significant hurdle. Multiple attempts to break through have been rejected, indicating strong selling pressure. A decisive daily close above $240 is crucial for a renewed bull run. Downtrend Potential: Until that breakout happens, SOL appears to be in a downtrend. Expect continued downward pressure, with a potential target of $180. This area could provide strong support, setting the stage for a potential bounce. Trade Idea: Long Oppurtunity: Wait for a confirmed daily close above $240 before entering long positions. Target the previous all-time high and beyond. Short Opportunity: The current technical structure presents a compelling shorting opportunity for traders with an appropriate risk appetite. Entry points could be considered at the current price or on any failed attempts to break above $240. A prudent stop-loss would be placed above the $240 resistance level, while a price target of $180 is reasonable. Key Indicators to Watch: Daily Close: Pay close attention to the daily closing price. A close above $240 is the bullish signal we're looking for. Volume: Increased volume on a breakout above $240 would add conviction to the move. RSI: Monitor the Relative Strength Index for signs of bullish divergence, which could foreshadow a price reversal. Disclaimer: This is not financial advice. Always do your own research and manage your risk accordingly.
Quick Take! Double tops forming on the 15m so expecting a retrace and price targets at 2.48 and 2.41 initially. If the latter is broken, 2.34 or lower may be possible.