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Hello Everyone,
I am good and I hope that you are doing well. Today in this video I have talked about the XRP faucet that is ongoing on Gemini crypto exchange. gemini is AUS based exchange that disabled the trading for xrp coin when SEC did a lawsuit and now they have listed it back. Xrp coin is listed on almost every exchange based in the United States and it is because there has been some good news for the xrp community and we can also call it a partial win. Although the SEC has confirmed that they will appeal against the case that is a different story and we cannot predict what is going to happen on that stand for now since exchanges are trying to grab the opportunity when we see more trading volume on XRP.
Gemini exchange has listed the coin this week and they have started a daily faucet they distribute a total of 4000 tokens in a day to the eligible users and the major eligibility is that the user must be from the us only. it's because they have listed the token in the US market so they are trying to grab the attention of traders this way by distributing some rewards with them but ultimately they are going to make money out of it and this is just a trick to grab users back who used to trade on their platform. This can be free money if you are in the US and there is no harm in trying because it is ongoing and happens every day at 3:00 PM EST. You can check the Gemini website or their Twitter handle to see the update and yes it is legit and not fake.
Twitter link- https://twitter.com/Gemini/status/1690438594110853120
When I got to see these for the first time then I also thought that it is fake because usually this type of distribution is not organised by the leading exchanges but I was wrong as it is legit and you can surely give it a try. XRP coin is a bigger community and even though we know that there has been a lawsuit but still, these coins survived the market now when we see more positive updates coming about it so maybe we can expect better prices in the coming months or probably in the bull cycle whenever it starts. Do you think we can see this token price reaching $5? I can't say anything on this because I don't know how things will work but one thing I can share based on my experience of whatever time I have invested in the market is that this coin will surely have a better value which can be a few dollars in the next bull run cycle.
In the last bull run cycle this coin missed the opportunity to get multi however fold and it is just because of the lawsuit. If things go well then the next bull run cycle can be a great opportunity for the ripple holders as they might be able to make good money out of it since they must be able to buy when the price was at literally very low which we can call it the rock bottom price.
Thank you so much for your time
Have a great day
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