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Cryptollica

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    1. Asked: September 27, 2024In: Cryptocurrency Discussion

      Can XRP Reach $1,000,000 (1 Million)?

      Cryptollica
      Best Answer
      Cryptollica Pundit
      Added an answer on September 27, 2024 at 6:26 am

      No, XRP could never attain such an astronomical figure like $1 million per coin. The idea of it reaching that price point is pure fantasy. Let me break it down in simple terms: XRP is divisible into 1 million smaller units called "drops." The theory being floated is that as XRP's value increases, thRead more

      No, XRP could never attain such an astronomical figure like $1 million per coin. The idea of it reaching that price point is pure fantasy. Let me break it down in simple terms:

      XRP is divisible into 1 million smaller units called “drops.” The theory being floated is that as XRP’s value increases, these drops will start to matter more. Supposedly, if 1 RLUSD = $1, and if 1 RLUSD somehow gets paired with 1 drop of XRP in the future, then 1 XRP would magically be worth $1 million. David was asked about this, and apparently, he dodged the question—because it’s complete nonsense.

      Let’s be real here. Just because XRP has 1 million drops doesn’t mean each of those drops will ever equal a dollar. This would imply that XRP would be valued more than the entire global economy combined! It’s the equivalent of saying a dollar could be split into a million pennies, and if each penny became as valuable as a dollar, then a single dollar would be worth a million dollars. See how absurd that sounds?

      The influencers pushing this fantasy? Yeah, they’re either delusional or, more likely, being paid off by Ripple to mislead gullible investors and pump up XRP’s price. This lets Ripple cash out while everyone else holds the bag. Don’t fall for it!

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    2. Asked: September 24, 2024In: Crypto News & Updates

      Federal Reserve Using XRP for Global Payment System?

      Cryptollica
      Cryptollica Pundit
      Added an answer on September 24, 2024 at 6:27 am

      No, the Federal Reserve would never use XRP because its reliance on a single centralized entity contradicts the very principles of decentralization and stability that underpin a robust financial system. The Fed prioritizes security and resilience in its payment networks, and integrating a cryptocurrRead more

      No, the Federal Reserve would never use XRP because its reliance on a single centralized entity contradicts the very principles of decentralization and stability that underpin a robust financial system. The Fed prioritizes security and resilience in its payment networks, and integrating a cryptocurrency like XRP, which is linked to a company that can manipulate its supply and price, would introduce significant risks. Such a move could undermine the Fed’s credibility and disrupt the financial ecosystem it aims to stabilize, making it an unthinkable choice for an institution tasked with maintaining economic stability.

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    3. Asked: September 22, 2024In: Meme Coins

      Top Low-Cap Meme Coins to Buy October 2024

      Cryptollica
      Cryptollica Pundit
      Replied to answer on September 22, 2024 at 5:31 am

      Yes, HODL until mid-March 2025. To put it into perspective, Shiba Inu’s market cap was $4.2 billion in October 2023 and hit $21 billion by March 2024. So yes, tax return season is what triggers meme coin season! Now is the time to buy or consider dollar-cost averaging (DCA) through October 2024 to JRead more

      Yes, HODL until mid-March 2025. To put it into perspective, Shiba Inu’s market cap was $4.2 billion in October 2023 and hit $21 billion by March 2024. So yes, tax return season is what triggers meme coin season! Now is the time to buy or consider dollar-cost averaging (DCA) through October 2024 to January 1, 2025.

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    4. Asked: September 19, 2024In: Cryptocurrency Discussion

      Forbes Predicts XRP to Hit $60,000?

      Cryptollica
      Best Answer
      Cryptollica Pundit
      Added an answer on September 19, 2024 at 4:18 pm

      Forbes never predicted XRP would hit $60,000. If you’ve seen influencers or random social media accounts claiming otherwise, you're being misled by pure garbage. There was a sketchy guest post floating around, but it wasn’t an official Forbes forecast. It came from a contributor...just some random pRead more

      Forbes never predicted XRP would hit $60,000. If you’ve seen influencers or random social media accounts claiming otherwise, you’re being misled by pure garbage.

      There was a sketchy guest post floating around, but it wasn’t an official Forbes forecast. It came from a contributor…just some random person, not a Forbes staff member. These guest posts are opinions, not fact-checked or endorsed by Forbes. It’s no surprise that the article has likely been deleted, probably because even Forbes didn’t want to be associated with such an outlandish claim.

      This wasn’t about someone pumping their bags; it’s about trying to keep XRP’s price inflated so that insiders can quietly dump their holdings on everyday investors. If Forbes had actually said something like this, you’d be able to find it front and center. But you can’t, because it was never legit.

      Don’t be fooled by this $60,000 fantasy. XRP isn’t going anywhere near that, and Forbes certainly never said it would. Just more hype to keep you holding while others cash out.

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    5. Asked: September 17, 2024In: Crypto News & Updates

      Ripple & Ireland Central Bank Partner to Use XRP for Payments in EU?

      Cryptollica
      Best Answer
      Cryptollica Pundit
      Added an answer on September 17, 2024 at 5:18 am

      No, banks in Ireland aren't likely to use XRP for payments anytime soon. There are a few significant issues holding them back: Ripple’s substantial ownership of XRP raises concerns about centralization. Banks generally prefer decentralized systems to avoid having too much power concentrated in a sinRead more

      No, banks in Ireland aren’t likely to use XRP for payments anytime soon. There are a few significant issues holding them back:

      Ripple’s substantial ownership of XRP raises concerns about centralization. Banks generally prefer decentralized systems to avoid having too much power concentrated in a single entity. If Ripple holds a large portion of XRP, it creates a risk of influence over the currency’s value and availability, which could undermine the stability and independence that banks are looking for.

      Secondly, the presence of significant holdings by regular investors introduces volatility. When a small number of investors control a large portion of XRP, their trading actions can lead to sharp price swings. Banks require stable, predictable systems, and the possibility of sudden, large-scale sell-offs by these investors could pose a risk to financial stability.

      Additionally, this concentration of ownership can lead to concerns about market manipulation. If Ripple or a few major holders decide to move large amounts of XRP, it could impact the market price and liquidity. Banks are cautious about entering systems where market manipulation is a potential risk.

      Overall, the fact that Ripple and other large investors hold a significant amount of XRP adds another layer of complexity and risk. It makes the cryptocurrency less appealing for banks that need a stable, reliable, and decentralized payment solution.

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    6. Asked: September 15, 2024In: Cryptocurrency Discussion

      Does Elon Musk Own XRP?

      Cryptollica
      Cryptollica Pundit
      Added an answer on September 15, 2024 at 6:49 am

      No, Elon Musk doesn’t own any XRP, and the whole rumor about him using it for payments on X is just another attempt to create buzz. It’s pretty clear that XRP whales are the ones pushing these narratives, trying to pump the price by attaching Musk’s name to their project. If Elon were actually involRead more

      No, Elon Musk doesn’t own any XRP, and the whole rumor about him using it for payments on X is just another attempt to create buzz. It’s pretty clear that XRP whales are the ones pushing these narratives, trying to pump the price by attaching Musk’s name to their project. If Elon were actually involved, he’d be tweeting about it, not staying silent. This is just another classic move by XRP whales, who always seem more focused on stirring up hype than delivering real value.

      Does Elon Musk Own Any XRP Ripple

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    7. Asked: September 7, 2024In: Cryptocurrency Wallets

      HashPack (PACK) Price Prediction 2024-2025

      Cryptollica
      Cryptollica Pundit
      Added an answer on September 7, 2024 at 6:03 am

      The value of PACK won’t hit $1 in the next bull run. The highest I see it going is around 20 to 30 cents, and even that would be quite a push. Realistically, I think PACK will land somewhere between 10 to 18 cents, which is still a solid return for anyone buying at the current rate. However, if HedeRead more

      The value of PACK won’t hit $1 in the next bull run. The highest I see it going is around 20 to 30 cents, and even that would be quite a push. Realistically, I think PACK will land somewhere between 10 to 18 cents, which is still a solid return for anyone buying at the current rate. However, if Hedera’s meme community gains momentum like Solana’s did, there’s a chance we could see a brief surge to 50 cents. Either way, it’s a decent play for growth, but don’t expect $1 any time soon.

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    8. Asked: September 4, 2024In: Cryptocurrency Wallets

      Top Coins on HashPack Wallet Today

      Cryptollica
      Best Answer
      Cryptollica Pundit
      Added an answer on September 4, 2024 at 5:28 am

      The top digital assets to consider on HashPack right now are SaucerSwap (SAUCE), HashPack (PACK), GRELF, and Hexa Social (HEXA). SpaceApe is another one that might be worth looking into as well. PACK is still early and hasn’t seen its big moment yet, which could mean serious potential. SAUCE seems tRead more

      The top digital assets to consider on HashPack right now are SaucerSwap (SAUCE), HashPack (PACK), GRELF, and Hexa Social (HEXA). SpaceApe is another one that might be worth looking into as well. PACK is still early and hasn’t seen its big moment yet, which could mean serious potential. SAUCE seems to have strong long-term prospects, and HEXA has the kind of volatility that could lead to a quick and significant pump.

      As for SpaceApe, it might be a solid choice for a pump-and-dump strategy…just be sure to sell when the price spikes during the next meme season. When it comes to what coins to buy right now, many are hitting their yearly lows as we’re deep in a bear market, but this downturn likely won’t last much longer. This could be a prime opportunity to scoop up some of these assets before the market turns around.

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    9. Asked: September 1, 2024In: Crypto Memes & Humor

      How to Create a Meme Coin on Hedera?

      Cryptollica
      Cryptollica Pundit
      Replied to answer on September 1, 2024 at 5:51 am

      Yes, the Token Name is the full name of your meme coin; keep it short and unique to make marketing easier. The token symbol or ticker should be about 4 characters, e.g., Hexa Social = HEXA. Leave the Token Memo blank and set the Decimals to 6 or 8. For the Initial Supply, I recommend setting it to 1Read more

      Yes, the Token Name is the full name of your meme coin; keep it short and unique to make marketing easier. The token symbol or ticker should be about 4 characters, e.g., Hexa Social = HEXA. Leave the Token Memo blank and set the Decimals to 6 or 8. For the Initial Supply, I recommend setting it to 100 million or less. Regarding the Administrative Keys, you could clear them, though it ultimately depends on your needs.

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    10. Asked: September 1, 2024In: Crypto Memes & Humor

      How to Create a Meme Coin on Hedera?

      Cryptollica
      Cryptollica Pundit
      Added an answer on September 1, 2024 at 5:27 am
      This answer was edited.

      To create and launch your meme coin on the Hedera Network, start by setting up your HashPack wallet. HashPack provides the tools to create and manage your token through its interface. Begin by accessing the "Advanced" section in HashPack, then use the "Token Creator Tools" to start creating your newRead more

      To create and launch your meme coin on the Hedera Network, start by setting up your HashPack wallet. HashPack provides the tools to create and manage your token through its interface. Begin by accessing the “Advanced” section in HashPack, then use the “Token Creator Tools” to start creating your new token. After deploying your token, you can manage it within HashPack and consider listing it on decentralized exchanges like SaucerSwap for broader access.

      How to Create a Meme Coin on Hedera Network

      When you’re in the HashPack wallet, navigate to “Advanced Tools,” then select “Token Creator Tools,” and choose “New Token.” From there, complete the information to create your token.

      Honestly, it’s surprising that there are no detailed how-to tutorials or in-depth guides explaining this process. This is something that HashPack, SaucerSwap, or Hedera should have provided a long time ago! This is marketing 101 and a great way to grow the network. 

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