RE: XRP is Legit Melting Faces Right Now 🚀
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XRP has a minimum amount in wallet thingy.
So, be sure to keep that wallet clean and safe, so you can reuse it.
I believe they will lower the minimum amount as the price goes up, but they may not.
I bet we will see $5 XRP by Christmas. Especially if that stable-coin-XRP actually goes in a couple days. Which i do not doubt that it will, because Ripple is usually good on promises.
But, there are two scenarios for future price. I discuss that in blog today.
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The min amount thing is annoying but I get they had to come up with some way to prevent spamming the chain. I ended up clearing that wallet and losing 5 XRP in the process. Just too much friction with that type of thing and then if a wallet doesn't have anything in it already you kind of can't send to it. I just see a lot of these things as being a major problem when I compare it to Solana or ICP.
I am going to meme out with my XRP though! Post coming soon about that strategy.
BTW, just saw news that they lowered the minimum holding amount to 1 XRP.
Looking forward to your strategy.
Because i need it.
Watching XRP go up, and then up, and then up, i really should be taking profit, but everything is telling me it is going UP and UP and UP some more before cooling off.
I sort of figured that would happen. Well I guess I lost 4 XRP I could have still had. My meme strategy on XRP and ICP is going to be pretty rudimentary because I don't want to put too much time or thought into it. From what I have researched already I'm not impressed with the memes on either of those chains but when all this energy is rotating there people have extra to try to stack more and gamble a bit. Make it rain if you will!