🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
Share trending topic posts, and split $5,000 in prizes! 🎁
👉 Check details & join: https://www.gate.com/campaigns/1953
💝 New users: Post for the first time and complete the interaction tasks to share $600 newcomer pool!
🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
The one-way market is something that we will definitely encounter in contracts. This is not the first time we have faced this. Most people have unstable emotions and pressure. I hope you are not doing too much position management, so don't ask me constantly how to operate?
In my subscription, I have made it clear that I will not liquidate my position. My subscription peers started with a 30% position at 66,000 and gradually increased the position to 70%. There is still a 30% position guarantee. The minimum average price is at least 68,500 and the liquidation will be at least 75,000.
The breakout of a new high cannot be sustained, we can only say that in extreme situations, if we cannot resist, we must surrender. Both the breakout of a new high and a new low are calculated annually. We can only talk about relative risks of liquidation, it is not possible to have no risks. Since we choose contracts, getting liquidation or closing a position are our own decisions.