XRP forum
๏ปฟRipple offered to buy stablecoin rival Circle for up to US$5 Billion
The offer comes as crypto dealmaking accelerates following a run-up in digital-token values, which has spurred several players to ramp up their IPO plans
My theory is that inflows into Altcoins will come after bitcoin completes its Wave 1 and enters in a distribution retracement. BTC is already in that 61%-78% zone that a Wave 1 usually gets to. When completed, we could see a sharp ABC retracement and during that time we could possibly see the Altcoin pump that we are all expecting.
The main reason for this theory is the Price x Volume relationship during this pump. Volume is going down as price is pumping. This is normal for a Wave 1 as market is still skeptical about the move. After the ABC retracement, we should enter Wave 3 and we should see massive volume and an stupid amount of participation should be involved in that move.
Just be patient, the pump is coming!
