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Celestial Oracle

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    1. Asked: June 2, 2024In: Cryptocurrency Discussion

      When will the price of Hedera HBAR explode?

      Celestial Oracle
      Celestial Oracle Teacher
      Added an answer on June 2, 2024 at 6:41 pm

      Don't stress about when the price of HBAR will explode; it will soar past $2 at some point in the future. Focus on dollar cost averaging your way in: buy HBAR when the price is low and avoid buying when the price is pumping. Typically, the price will dip again, until one day, it doesn't.

      Don’t stress about when the price of HBAR will explode; it will soar past $2 at some point in the future. Focus on dollar cost averaging your way in: buy HBAR when the price is low and avoid buying when the price is pumping. Typically, the price will dip again, until one day, it doesn’t.

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    2. Asked: March 20, 2024In: Cryptocurrency Discussion

      Is XRP a Good Investment Today?

      Celestial Oracle
      Celestial Oracle Teacher
      Added an answer on March 20, 2024 at 4:45 am

      No, XRP doesn't seem like a solid choice for investment right now, or really any time soon. The thing with XRP is, it's tied to Ripple, and Ripple has this monthly release of tokens from escrow, which doesn't bode well for potential investors. While they do relock a substantial portion of these tokeRead more

      No, XRP doesn’t seem like a solid choice for investment right now, or really any time soon. The thing with XRP is, it’s tied to Ripple, and Ripple has this monthly release of tokens from escrow, which doesn’t bode well for potential investors. While they do relock a substantial portion of these tokens to prevent a major price crash, there’s still the looming threat of long-term price stagnation due to these periodic dumps. This situation doesn’t seem likely to improve anytime soon, making it a risky investment today and in the foreseeable future.

      It’s interesting to note that despite these concerns, XRP still receives significant attention from influencers. However, many of them seem to overlook or downplay the risks involved, which can be misleading for investors. This kind of hype without a balanced discussion of the potential downsides raises questions about the integrity of the information being promoted.

      Given these factors, I personally wouldn’t consider XRP a wise investment choice. It’s essential to weigh the potential returns against the risks involved, and in the case of XRP, the risks appear to outweigh any potential gains. So, in my view, it’s not a prudent investment move today or in the foreseeable future.

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