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Cryptocurrency Market Update: What to Watch in August 2023


Expert Warns of Scams, Misinformation in Crypto Space

In a recent podcast episode, crypto expert Chris discussed various topics related to the cryptocurrency space, including market updates, potential scams, news about XRP and Ripple, and insights on market influencers.

Chris began by providing a market update, noting that the total global market cap of crypto is $1.05 trillion, and Bitcoin’s price is $25,960.44. He then warned listeners to be cautious about scams and misinformation in the crypto space.

“There are a lot of people out there who are trying to take advantage of people who are new to crypto,” Chris said. “It’s important to do your own research and not just rely on what influencers are saying.”

Chris also criticized influencers who spread misinformation about liquidity, saying that this can lead to people losing money. He emphasized the importance of being part of a transparent and honest community.

“The crypto space is still relatively new, so it’s important to be careful who you trust,” Chris said. “Do your own research and only invest what you can afford to lose.”

In addition to discussing scams and misinformation, Chris also talked about the accuracy of predictions made during the bear market. He said that some influencers were correct in calling lower lows, but that others were not.

“It’s important to remember that no one can predict the future,” Chris said. “Even the best analysts get it wrong sometimes.”

Chris also promoted his platform, Cheeky Crypto, as a source of education on topics like Elliott wave theory, smart money concepts, risk management, and technical analysis. He said that his goal is to help people learn how to trade crypto safely and profitably.

The episode concluded with a call to action for listeners to like, share, and support the podcast. Chris also thanked his listeners for their continued support.

Here are some of the key takeaways from the podcast episode:

I hope this article has helped you learn more about the cryptocurrency market and how to protect yourself from scams and misinformation. If you are interested in learning more about cryptocurrency, I encourage you to check out Chris’s podcast, Cheeky Crypto.

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