Bybit and Santiment Report: OM Token Fall Down and XRP ETF Hope
Bybit, wey dem work together with Santiment, don release one full report wey dey address how people dey feel about crypto market. The report dey show how MANTRA’s OM token fall yakata by 90%, with over $5.4 billion loss for market cap, dem say na because of force liquidations and suspicious trading wey dey happen, wey make investors dey doubt am like how LUNA crash before. Even with the doubt, the chance wey dey for spot XRP ETF to get approval dey make people wey get money dey happy, especially after Teucrium’s XRP ETF collect $5 million for the day wey dem launch am, wey show say big people dey interested. This two things wey dey happen dey make investors confused, with things like US-China trade wahala and Federal Reserve decision wey dey come dey affect market prices too. Crypto traders still dey watch this wahala, with the hope say if more ETF get approval, things go better for market.
Bearish
Di kolaps of OM token don really spoil market trust becos of how di price drop sharply and di market cap loss, e dey remind people of wetin happen before wit LUNA. Dis one don make market dey fear small for short time, as investors dey shine eye well well for anytin wey dey look like dis kind project. But, di introduction of XRP ETF and how e start well dey show say market fit dey go up for long time if dem approve more ETF, dat one go mean say big big oga for market dey show interest. But even wit dat one, becos of how economy dey hard and how people still dey doubt, investors still dey look market wit one eye, so for short time, e still be like market no go too move well.