Ripple Selling 400m XRP, Price Dump Incoming? JASMY Fluctuates As Investors Shift To New Viral Contender
(NewsDirect)
The longstanding
Ripple (XRP) lawsuit is affecting XRP’s trading price, and its
investors are getting agitated. Apparently, Ripple could be facing a
long year in the crypto market with all the token dumps this year. The
other option is not so great either, as JasmyCoin’s recent pumps
and dips have left the long-term users in doubt.
Here’s a bit on the upcoming meme giant.
Ripple is
facing even grimmer times ahead in the crypto market
If you thought XRP was
in bearish waters, the next few weeks are about to get rougher. And it
has a lot to do with the ongoing legal battles with the Securities and
Exchange Commission. Already, Ripple’s place among the top
altcoins is threatened.
About two weeks ago,
some
whale accounts dumped their tokens on BitStamp and Bitso
,
amounting to about $50 Million worth of XRP. While many thought that
it might just be Ripple unlocking more tokens, there’s been a more
recent three-billion-dollar offload from the Escrow account to
Ripple’s wallet.
The huge Ripple price movements have been suspect among Ripple
whales, and there could be sell pressure on the XRP token following
such activities. So far, Ripple hasn’t offered any explanation for
the huge movements, and XRP is still on a 0.33% loss after a largely
unremarkable month.
JasmyCoin (JASMY) might not be the
alternative investors expect
JasmyCoin hit the crypto news with its pump two
weeks ago, which has helped JASMY to 99% monthly gains. May was a
great month for JASMY, but the
token
fell due to token dumping early in June
.
DWF Labs deposited
about 97 million JASMY tokens ($3.3 million) on Binance over the past
three days, resulting in a dip in JasmyCoin’s timeframes at every
deposit. The cascade didn’t end there, as many more JasmyCoin
traders have also decided to cash in on the token.
The profit-taking has
eaten into the JASMY price pump throughout May, and the token is now
down to 2.24% on the daily chart. The effects of large token holders
could affect traders, and many investors are already off to the next
big thing in the crypto market.
Thankfully, it’s not too far away; Raboo’s
presale is here!
Raboo is a more consistent bullish option for
summer traders
Raboo opened the summer with $0.003 on its presale, and
everyone expects a spike of 233% from the event. The $RABT token has
pumped to 60% profits, as each token now goes for $0.0048.
The meme project will
leverage AI to create memes fit for entertainment. Unlike its meme
counterparts, Raboo plans to keep the meme stream fresh every day.
With even funnier memes, $RABT is set to become the next best thing in
the crypto-verse. The traffic that will hit the platform could bring a
pump to outpace Dogecoin’s surge in 2021.
However, profits are
not all Raboo has its sights on. The members of the $RABT community
are the first beneficiaries of the ecosystem. They have a chance to
monetize their social media posts through Raboo, as the generative AI
is on hand to convert all that content into
profits.
Conclusion
The fun part about Raboo is that you can start
earning even more $RABT tokens as soon as you get some of yours from
the presale. The project is in Stage 4 of presales and going for
$0.0048.
Stage 1
investors are already pocketed 60% ROI, and Raboo could turn in 100x
gains once it lists. With its AI use cases, your Raboo investments are
set for life.
You
can participate in the Raboo presale here:
Telegram:
https://t.me/RabootokenPortal
Twitter:
Contact
Details
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