🔎 A strange pairing: Bitcoin.com reports XRP's tradable supply on Binance has tightened to a four-year-high level of scarcity, yet $XRP is -8.6% today, the worst of the majors.
For comparison, $BNB is -3.3%.
Does scarcity matter in a crash?
1️⃣ Yes, it sets up a rebound
2️⃣ No, selling pressure wins
3️⃣ It only matters once stocks calm down
I'm taking 3️⃣. Supply shortages need buyers, and buyers are scared right now. Reply 1, 2 or 3 👇
$XRP $BNB #BinanceSquare #WriteToEarn
For comparison, $BNB is -3.3%.
Does scarcity matter in a crash?
1️⃣ Yes, it sets up a rebound
2️⃣ No, selling pressure wins
3️⃣ It only matters once stocks calm down
I'm taking 3️⃣. Supply shortages need buyers, and buyers are scared right now. Reply 1, 2 or 3 👇
$XRP $BNB #BinanceSquare #WriteToEarn
