This pattern is always seen together with negative sentiment after a huge run up. The long term pattern is bullish for a market that enters an accumulation phase. Ripple already has tons of costumers which gives them ≈25b in the bank non debt clean credit to reinvest in the ecosystem around xrp... Based on this alone, xrp should be valued already at 100$+ once every crypto becomes seen as a security so regulations can come into play ( which will happen not so in the distant future ).
The same phase can be also seen in the mining sector, gold & silver.
Ripple knows what will happen (cryptos = securities) --> their game plan has always been in providing cashflow, costumers building infrastructure for the coming decades rather than focusing on capturing speculating addicts online.
Most cryptos when valued in terms of securities will just completely disintegrate into dust and vanish. IT's not a rational market yet. Atm it's a market that resembles different types of trading cards like pokemon, baseball cards and such trying to price itself against one another just based on # rare cards.
The intrinsic value of something that has no real world use (hence not solving a big problem) always will go to it's fundamental value which often times will be close to 0. fiat currencies are a fine example of something that eventually gets very close to 0
The same phase can be also seen in the mining sector, gold & silver.
Ripple knows what will happen (cryptos = securities) --> their game plan has always been in providing cashflow, costumers building infrastructure for the coming decades rather than focusing on capturing speculating addicts online.
Most cryptos when valued in terms of securities will just completely disintegrate into dust and vanish. IT's not a rational market yet. Atm it's a market that resembles different types of trading cards like pokemon, baseball cards and such trying to price itself against one another just based on # rare cards.
The intrinsic value of something that has no real world use (hence not solving a big problem) always will go to it's fundamental value which often times will be close to 0. fiat currencies are a fine example of something that eventually gets very close to 0