XRP And SEC Drama Gives Birth To A New Kind Of Threat Against Cryptocurrency

Image

Crypto regulation is shown on a business photo using the text

If you are an XRP holder or invested in the crypto market, you will want to pay attention to the drama unfolding between Ripple and the SEC. There have been a few developments over the past few days which highlight the foreseeable end to the groundbreaking case. In 2021 exchanges like Coinbase and other American exchanges had to suspend trading XRP due to the case brought against Ripple by the SEC. 

As of right now, the case seems to be in its final stretches with a loser in sight. It would appear that the SEC had someone overseeing regulations with links to rival tokens. When we think about crypto and the dangers of crypto, we often think about the threat of hacking. Hacking and rug pulls take billions of dollars away from investors each year. I do not think many of us would have ever thought about someone from the SEC engaging in a similar kind of corruption. 

Washington DC, USA – October 12, 2018: United States Securities and Exchange Commission SEC architecture closeup with modern building sign and logo with red flags by glass windows

A group of emails were made public, which warned about a relationship between the former director William Hinman and a group with ties to ETH. The SEC is now talking about a Summary Judgment with Ripple and keeping certain emails private. As an XRP holder, I would love nothing more than to see the information inside the emails. However, if those emails could tank the crypto market, I feel that they should be left private. 

With Biden placing former Ripple adviser Michael Barr to oversee Federal Regulations, it is safe to say Ripple is here to stay. One must wonder what the future has in store for Ripple and XRP in terms of their place in the United States. After this lawsuit ends, will we see anything happen to Hinman? I am leaning towards no. Since we have little to no real regulation regarding cryptocurrency, it would be hard to do anything to Hinman regarding his interference with XRP. 

Science technology concept. Education. EdTech.

Many XRP investors that I hear from want to see a class-action lawsuit against Hinman. However, without regulations in place, it will be hard to establish a line between right and wrong. At the end of the day, the lack of clarity was the weapon that brought down the SEC’s case. This case highlights the need for new regulations that shield crypto investors and those who create currency. Yet, it also highlights the need to be more watchful over those interpreting the laws.

https://financefeeds.com/breaking-ripple-scores-win-as-secs-damning-emails-revealed/

As always, I am not a financial expert. I just like crypto.

Mcontent’s Rise And How New Investors Are Finding A New Shot At Their Bitcoin 2.0.

Image

Over a week ago, Mcontent saw their token hover around 9 to 8 zeros. Towards the end of the week, after news broke from Yahoo Finance and other sites about lucrative deals for content production, Mcontent jumped from $0.000000001466 to a high of $0.000000005900 within a week. That’s a massive move for a token with under 60 thousand investors. There are some memes with over a million investors having a hard time reaching $0.000000004300 right now.

https://finance.yahoo.com/news/blockchain-nft-backed-film-crowd-202200279.html

The token is doing what many of us thought it would do in terms of growth and rise. Mcontent is a groundbreaking token that will one day rival some of the top streaming platforms, so these moves are to be expected. Surprisingly, there doesn’t seem to be much selling going on compared to other tokens in the price range. This could be because many of the investors in Mcontent are not meme hunters looking to make a quick buck. It is common knowledge by now that we are dealing with a serious token with unmatched potential. I call it Bitcoin 2.0!

Photo by Karolina Grabowska on Pexels.com

While Mcontent is around the price of some memes, it isn’t a meme token. That protects it against some of the issues meme tokens encounter due to the investors cashing out at record numbers. Often I’ve noticed a few meme traders seem to sell at nearly any sight of profit. Many of us see thousands in profits, but knowing Mcontent’s future prevents us from jumping out prematurely.

Mcontent is a token with a solid burn mechanism and a real-life function. These two things will continue to push the token upwards as the ETH bridge comes into play soon. If we can eat a zero by the end of the week, there’s no telling where this token will go after the bridge is put into place. Get ready for a groundbreaking week. We are witnessing solid growth with healthy consolidation patterns.

For anyone wanting to learn more about Mcontent and their development team, I will post their latest video below. They are very open and direct about what the token does and what they see for the future.

As always, I am not a financial advisor, so if you want to learn more about Mcontent, research it, ask your advisor about it!

Is A Shiba Inu Listing For Robinhood Too Little Too Late?

Image

Photo by Alfonso Escalante on Pexels.com

As Robinhood sees more financial hardship, some are starting to wonder if a Shiba Inu listing can revive the exchange. Today many investors are waking up to the news that Robinhood lost $425,000,000 last quarter. This is the second time Robinhood reported a loss of revenue. With their stock going down and their platform bleeding money, Robinhood needs to adopt a solid recovery plan.

While listing Shiba Inu might help bring some money to the table, it isn’t a sure fix to their financial issues. There are a couple of things Robinhood could do to attract new investors.

  1. Robinhood could choose to add another popular meme to the platform.
  2. They could add another token minus the meme, within the same price range, as Dogecoin before the hype.

If they decide to go with the first option, they will need to pick a meme coin with numerous investors. Two tokens come to mind, one would be Safemoon, or the other would be BabyDoge. Both coins have over a million investors, and they have yet to list in any top exchanges. Listing a token that doesn’t have a presence in other top platforms will give them an advantage.

Photo by Pixabay on Pexels.com

If they decide to go with option two, they could step outside of the meme atmosphere and pick a token with enough zeros to pack on a win! Take Mcontent for example, and please understand I am not saying they are listing it. I do not think it is anywhere on their radar at this moment. Yet, Mcontent would be a rocket due to its functionality.

The point is Robinhood needs to find strong tokens to rebound. They should be looking for Metaverse, NFTS, Play To Earn, and tokens with the ability to change life as we know it. Listing Shiba Inu might not be the ONLY medicine needed. It will be interesting to see the tokens that Robinhood decides to add in the coming weeks.

As always, I am not giving financial advice!

Tokens Without Massive Burns Will Find A Hard Path To Reaching The Stars!

Image

Photo by Rakicevic Nenad on Pexels.com

For months we have been following certain tokens like Shiba Inu and BabyDoge. Both tokens have numerous investors, but they are having a hard time gaining momentum. While Shiba Inu has managed to enter numerous trading platforms, the price still stays well below the “One Cent Dream”! Many of us investors wanted to believe the circulating supply wouldn’t be a factor in preventing Shiba Inu from making it to its destination of a penny! However, it looks like the circulating supply plays a vital role in how the token moves up in price.

While Shiba Inu has burns that take place here and there, the burns aren’t big enough to push the token upwards. Shiba Inu needs a bigger burn in order to regain momentum. Recently, we have seen BabyDoge take a more productive stance regarding burning and the token is starting to take off.  A lot of these tokens with massive circulation are going to have to rethink the way they move forward. Developers are taking notes regarding what works and what doesn’t work.

Perhaps, therefore you now see tokens like Kishimoto performing strategically placed burns which remove larger amounts of tokens from the circulation pot. The burns help erase some of the circulation of tokens which helps the price eat zeros, at a faster pace. By now we know that circulation does play a vital role in how quickly a token is able to move up. Take $Mcontent and $BabyDoge as two examples, both tokens are at 8 zeros, but there is a stark difference in the number of investors. BabyDoge has over one million holders while Mcontent is nearing 14k, the difference is the number of tokens that are in circulation. Mcontent has a max supply of 10 quadrillion tokens with 39 percent being burnt, and they also have a burning feature in their monetization foundation. So, this means Mcontent has about 6 quadrillion tokens if not less because they have produced and are producing projects.

BabyDoge has a max supply of 420 quadrillion tokens, but over half have been burnt. We could be looking at a lot less than half by now because they have been actively burning which is perhaps the reason their token is rising. Would I say that these are bad tokens to own? No! However, I am not a financial advisor. Crypto is just getting started and everyone is trying to come up with the perfect formula on getting their token to the front of the line. As time goes on, I think we will see tokens burn more and perhaps developers tighten the girdle on token circulation down the road.

Does token circulation matter? Yes! If a token does not have a built-in burn function, the chances of the token getting to one cent or more will be nearly impossible. If I were just entering into the crypto maze; I would research token circulation, burn function, token sustainability, and the function that it aims to deliver.  Perhaps, prior to all of that, I would like to know about the team behind the token. Keep in mind, we are early to the crypto party, so we might have to clean up a few messes before the other party-goers make it. However, l predict a new strategy regarding future token availability due to the struggle of reaching above one cent or more for tokens with 1 million investors, or more.

I am not saying they will not reach above a cent, but I am saying, it will take a strong solid burn function to get them there.