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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas,
Crypto Speak: Oversold & Overbought
These are basic concepts in financial markets. It's simple: we say "oversold" about an asset (in our case, a cryptocurrency) that is trading below its "fair" value. This is what we call an undervalued coin whose price has fallen due to an active selling.
We apply the concept of "overbought" to coins that, on the contrary, are clearly trading above their "fair" value. This happens when a cryptocurrency is bought in an excessive and "unjustified" way, when a trendy news item is made public.