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Flarenetwork

THE POWER OF 'FREE' CRYPTO (Flare Airdrop)First I will point out that I understand a large amount of bitcoin people are not fans of XRP...this is normally due to the LARGE SUPPLY ripple has on reserve...like the Saudi's sitting on epic amounts of oil as a percentage to the rest of the world. But I digress... moving on.... The FLR (Spark Token) will be sent out 1 to 1 for anyone that participated in the airdrop "snapshot" back in december...and NEARLY every exchange participated (NEVER HAPPENED BEFORE). On TOP of this...JUST RECENTLY...FLARE ANNOUNCES THEY WILL IMPLEMENT LITECOIN... #LTC ....WHICH MEANS THEY CAN JUST AS EASILY ADD BITCOIN TOO (FLTC & FBTC will be the tickers....) The implications of this in the future could be massive...IMAGINE if the "next amazon" or "next tesla" is airdropped for free but ONLY to people who have been following along with all these crypto projects secretly and suddenly throwing out tokens to current crypto holders. Does this not perpetuate a rich getting richer scenario... if they make sure is kept so "relatively secretive"? Obviously no one was running commercials and there was all but ONE CNN interview with brad garlinghouse that XRP/Ripple would then HINT that they will be working with them. The FLARE Token is not actually distributed yet although the snapshot of XRP has occurred. While we wait for the "Physical Coins" to actually get sent to wallets, there are "IOU's" traded on both POLONIEX and BITRUE. This puts the Fully Diluted Market Cap of the AIRDROP at 10-22 BILLION and in a sense "DOUBLED PEOPLE'S CRYPTO IN DOLLAR TERMS" ....IF they had bought XRP in the 10-22 Range AT SOME POINT before the pump to the 60 cents range. If UNISWAP and 1INCH airdrops weren't COMPELLING ENOUGH of a reason to Jump into crypto...this airdrop proved the major implications of such a powerful utility token "handout". This is one of those "secretive" crypto projects that "came out of no where" and could be the platform used to try to TOKENIZE ALL THE DERIVATIVES. It will implement METAMASK which is the most popular wallet used in DeFi and related platforms/apps. which banks like KRAKEN...can now CUSTODY...following clarity from the OCC who has only recently stepped down (Brian Brooks)
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by denniswokeupinanewbitcoin
1
What will happen to XRP? Must see.My XRPUSDT chart doesn't have much to say apart from the fact that a channel and two zones can be identified, one on the main chart and one on the indicator. The zone on the indicator indicates XRP former bull run which became overbought on the RSI. I believe part of what caused it was the consciousness of an upcoming flare network token airdrop named spark which was only available to XRP holders on the supported exchanges. As usual, there would be crazy adoption of XRP tokens that moment. It is very obvious that XRP is gradually dumping due to sell offs after the snapshot of the airdrop which is yet to be distributed. I am convinced that people that got XRP since 24th November and are still holding till now hoping that there might be a slight pump are in loss. There is a rumor going round that XRP's CTO demanded that billions of tokens should be burnt in order to prevent massive drop in price. If price breaks below its present support level, it may take a while for XRP to recover except a major event arises concerning it which is not also certain that it will affect price that much.
by Cavicon
2