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Hello this is Matt on the moon Lambo Channel here's a headline from the Crypt Basic Dogecoin spikes 44% sets ey to overtake Xrp oh no I'm so scared how I go to Sleep at night now folks I have a lot to Say about this but just to be clear Right out the gate here Dogecoin has had A higher market cap than xrp in the past Albeit a very short-lived moment in time So could this happen yes would it matter No would I mean would I be upset about No absolutely not I would not be upset About about that but um it is possible Depending on when coins start popping Off that you could see some undesirable Positioning in terms of market cap for Xrp it's possible I'm just not that I Think that's going to happen I'm just Acknowledging that's the case so let's Talk about it but before going further I Do want to be clear I do not have a Financial background of any kind I not Offering Financial advice and you Definitely should not buy or sell Anything because of anything I say or Right I'm just an Enthusiast who enjoys Making YouTube videos about crypto Related topics but just as a hobby and Just for fun no need to really read the Article let's just get to this so at at The time I'm recording this xrp is 61 Cents uh number six in market cap you Got Doge here number eight in market cap
21.4 cents uh market cap for Doge 28.4 Billion market cap for xrp 33.9 billion So it's close enough that absolutely you Could see that happen you could see Doge Overtake xrp and so like it kind of Depends on when stuff's runs it runs Like you could ask an even bigger Question frankly could xrp fall out of The top 10 coins by market Cap well if multiple coins pop off to Extreme levels multiple allcoins before Xrp even begins to run against the United States dollar it's technically Possible You know it's and by the way there's Actually one one factor that would make It slightly more possible for that to Happen which would be the fact that last Market cycle we had only one stable coin In the top 10 um at least for the bulk Of the Run uh we had we had tether there Uh now we've got tether and usdc so They're hogging two spots in the top 10 Coins by market cap so not that I'm Predicting this is going to happen nor Would it even necessarily be the end of The world um you know it's probably not The most likely thing to occur so I'm Not trying to scare anybody I mean xrp Has never been outside of the top 10 Coins by market cap so just because it Never has been doesn't mean it can't I Would just argue that even if that does Happen a lot of people would recognize
That as an incredible buying opportunity Because I think there would be a lot of Fear if something like that happens that Would be be my anticipation but look Last Market cycle we were talking about Stuff like that this too and it it Didn't happen it just didn't happen and That's while X xrp was under attack by The SEC and it still didn't happen xrp Still popped off and so to think that Xrp won't be uh at least to enough to Protect itself you know to prevent Itself from falling out of the top P I Mean I just I'd be a little surprised I Acknowledge it's possible I'd be pretty Surprised I don't think that is the most Probable thing here um and so take take A look at this though I've also got um I Got a couple historical snapshots here To show you take a look at this one this Is a coin market cap I love that they Have this feature you can't literally Pull up every single day but every few Days or so a coin market cap will take a Snapshot of the environment of the Market and so you can go you can go back Years later and take a look at what uh Price action looked like and where Everything was positioned on a given day It's pretty cool um so it's not Literally every day so but so I pulled Up a few days here and there's a gaps Between them and part of that it's just A function of that's what's
Available um but here you can see on May 2nd uh so this is after xrp had already Hit its it's cycle top um here let me Put an alltime price chart for xrp so it Got up to its cycle High uh right at the End yeah so maybe it might have been Exactly April 30th um it did it did hit $2 um so it's showing the day closed Here um at uh you know Buck 61 but I Have a screen grab I shared on X of xrp At $2 so that was pretty much the cycle High so then you fast forward from April 30th to May 2nd uh just a couple days Here and xrp's down a bit at $156 at a $70 billion Market market cap Though don't mind seeing that I I I miss Seeing that in reality so I still think Stuff like that's going to be coming Back sooner than later but uh anyway so Doge though had a 48 billion market cap On May 2nd 2021 almost three years ago So still a fair bit of a gap but um you Know there's conversation at the time Dogecoin going to take out xrp it happen It did happen last cycle here here I'll Show you right here uh here you have May 9th um this is uh this is now xrp number Seven in market cap and it was at number Four just uh about a week earlier uh so It went from four to number seven and Doge overtook that that spot in market Cap um in this at the time of the screen Grab it was worth 57 cents Dogecoin was Xrp was worth a buck 53 so xrp had a
Market cap of 53.9 billion Doge at 73.8 Billion and so coins are always Jockeying for position but I don't there Weren't a lot of people other than the Toxic Bitcoin Maxi trolls that thought Well this is probably a forever Situation you know xrp is just going to Be out there forever no most people Didn't think that Doge would just stay Up there forever uh what comes up must Come down except for xrp and Ethan Bitcoin which are the only three coins In the existence of this asset class That have always been in the top 10 Cryptos by market cap always those are The only three coins out of over 20,000 Coins in Existence so um so that was again uh May 9th and then you start so you're Starting to get into the territory where You know the world of crypto starts to Collapse you know mul you know price Dropped um I remember there was the Elon Must thing around this time period I Don't remember exactly what day it was But uh he was on and I think Doge was Mentioned on SNL and all that crap um But then fast forward a little further May 30th so just go to the end of the Month and xrp is back above Dogecoin It's number six and doge is number seven And then for the last three years Doge Just fell and fell and fell and fell and Xrp stayed in the top 10 not that
Surprising so um there will be some People who just despise xrp that should This occur again which is totally Plausible because coins are always going To be jocking for position there'll be People joking making fun of xrp because Uh dog ecoin Doge dog ecoin is doing Better yeah well crazy speculation in Crypto I mean it's kind of what we're Here for frankly so like I don't mind it Like I'm not I don't get I don't get Upset about it I just wanted to talk About it and cover some perspective on This because I don't think it's some Sort of indication that something's Fundamentally wrong uh I think all sorts Of coins are be going to be coming in And out out of uh you know the top 10 It's going to be shortlived they'll be Even and most coins aren't even going to Get into the top 10 but they'll you know Jockey for position and get a little bit Higher and then go back down this is Very normal in the world of crypto here But um you know yeah does briefly Overcame xrp and market cap it was a Very shortlived Affair and then it went Back down and then xrp's just been Hanging out and it's amazing again this Happened I'm not convinced it would have Happened at all last cycle if not for The P the fact that the SEC sued r Effectively attacking all xrp holders on A global scale so I don't think that um
And another thing that makes it slightly More likely that xrp could fall lower And Doge could overtake again it's just It's just a matter of fact statement as Far as I'm concerned that there's less Money in xrp today than there would have Been had the SEC not made that attack Xrp is still harmed which is why it's so Impressive it has maintained that role In the top 10 coins by market cap how Many humans it's impossible to know this But just I'll ask anyway rhetorically if Anything how many humans didn't buy xrp Pushing the price up higher because of That question mark because of the Uncertainty well I'm willing to bet a Lot of humans there's a reason that xrp Was the only top 10 coin by market cap That once the market got really running Did not hit a new alltime high and it Just happened to be under assault by the SEC just happened to be so the fact that It's starting at a lower Point than it Otherwise would have does make it Technically more likely that Doge can Overtake it and xrp could fall out of The top 10 it could I think it' be Shortlived if that happened I'm not Predicting if I had to guess will xrp Fall to the top 10 I'll still say no but I'm just I'm just trying to be real with You I I don't think it's going to happen And it would I still don't I also don't Think it would be the end of the world
Like crypto's crazy and it would kind of Suck because I do like the fact that xrp Is one of only three coins in existence That has always been the top 10 coins by Market cap and it would be sad if I Couldn't say that anymore but is what it Is so I don't know I just want to share Some thoughts on that um but I also want To add this since we're talking a little Bit of dogey Doge I've highlighted this Story I don't know two maybe three times On my channel over the years because It's just Fascinating um here's the headline from Decrypt this is from August 23rd 20123 Dogecoin Millionaire's Fortune Fell from $3 million to $50,000 but he hasn't lost the Faith Um there's part of part of the reason I Want to highlight this is because like And I don't say I don't cover any of This to mock the guy in fact I think That it's very clear it's actually kind Of an inspiring story because this guy Did something that yeah you look back And you're like okay that was a little Irresponsible a little silly he had an Opportunity for life-changing wealth Clearly right there and he didn't take It uh but he's grown from that and he's Actually um at least at the time that I'm recording this video um he has come Back like it's a it's a pretty cool
Story it shows like what perseverance in The world the crypto can actually do for You which is why I've said many times Over the years you know it's it's Just it's the best way for the everyday Person to achieve life-changing wealth The opportunity is there you know it's Just it's an Empower it's an empowering Fact we can choose to participate in This and just by understanding some very Basic things you know controlling our Own Emotions being however patient it takes Yes life-changing wealth can be achieved From Regular People people like you with Me there's nothing special about me you Know uh it's been working out real well For me over six years wild volatility But trending to the upside so duh Shouldn't be surprising I got broad Exposure to the AET class but this is a Cool story and it's it's kind of in a Way inspiring because he he he did make A silly mistake he he's talked about it Publicly which I think helps a lot of People to prevent them from making types Of mistakes because it's basically Refusing to sell any you of Life-changing wealth which is more of a Problem than you might guess seriously It really is because you okay but what If it keeps going up higher if I sell it Humans do this to themselves but now He's he's a bit of a you know Comeback
Kid type of story so anyway piece reads As follows globber kotto went all in on Dogecoin after Elon Musk started pumping The cryptocurrency on Twitter back in 2020 after using all his savings and Credit Card to plug $250,000 into the cryptocurrency is Holding shot up to three million at one Point but Diamond hands kotto 35 refused To cash out now with Dogecoin down by Over 90% from its May 2021 High uh Alltime high of 73 cents the Las Vegas Resident has watched the value of his Holdings drop to as low as $50,000 and there you can see that was a Post August 22nd this year so the high Uh May of 2021 and then watched it Trend Downward to almost nothing for over two Years and so what were people screaming At the bottom for do oh it's over right You you always you can always find Scared people and so even though it is Kind of silly to recognize okay this guy You had $3 million this is lifechanging For you and it was for him by the way I've seen interviews from him um he's Publicly stated that at the time he was Making like 50 Grand a year and he was Uh interviewed by Graham stepen Stefan Is it Stefan Graham Stefan uh wellknown In the world of Finance he talks about Crypto a little bit but he's more Broadly in the world of Finance he's got I don't even know how many YouTube
Subscribers now probably over 5 million He's he's he's famous but anyway he Interviewed slum Doge millionair and he Interviewed him at the time that his Doge was worth $3 million and he was Trying to convince him to sell he's like Nope I'm riding this to $1 which frankly Like is it was a bad and it isn't to rip On him because he he ended up learning His lesson and we can all make stupid Mistakes right but you know to to ride To to have Doge at 73 cents and say no I Wanted at that $1 because that's your Psychological level that's everyone Else's psychological level the closer You get to that the more likely there is Going to be either an actual top or some Serious resistance that's going to make You be sweat and bullets and once you've Already got $3 million my God and Graham Stefan pointed out he's like if you've Got $3 million which he had um even if You just invest that in traditional Finance just take it out to reduce the Risk and then just pull out even if it's Just 3% you're making 90,000 a year then And at the time he was only making 50 Like so the point was Graham Stefan made To him it's like you don't have to work Another day in your life and he had that And he didn't do it and he watched the $3 million tur into $50,000 now I will tell you I've read Through some of LIF with through rather
Some extreme volatility in my day uh Percentage drops absolutely insane and I Still hold the difference is um when I've done it it's because I haven't been Sufficiently enticed to sell because for Me it would not have been life-changing Wealth for him it is life-changing Wealth so you just got to be careful Just be aware that this is Something innate in most humans you know People do behave like this it might Sound silly you might think well if you Had $3 million staring at you on the Screen you'd cash out and be done well I Hope you would I mean I mean if if it's Life-changing wealth and meaningful for You you know make your own decision but I'm just saying a lot of people won't Because they have this fear they're Going to miss out and it's going to go Even higher that's when greed becomes Too much you cannot time the top of the Market which is why when there's a Meaningful amount of money just do Whatever you want to do but like for me I'm going to sell whenever I'm inticed And I'm going to watch a bunch of my Coins double triple quadruple maybe go 10x from where I sell it and I am not Going to feel the least bit of regret Because that would be just as stupid as Regretting that I didn't pick last Week's winning lottery numbers that Would be stupid because you can't know
You there's no way to have that Foresight it is not possible I mean I Got a crystal ball yeah but it's broken AF man ain't going to help Me so uh so that that was the sad part And then you can imagine of course you Know seen $3 million turn into $50,000 but with crypto being crypto Markets come back don't they and doge is Worth way way way more now as you may or May not be aware so uh so check this Out um we've got this post now and this Was as of yesterday afternoon March 28th he wrote hey guys and he shared the Screen graph hey guys I just became a Dogecoin millionaire not for the first Time but it just happened literally Yesterday good for him he stuck with it He didn't Panic sell he believed in what He believed whether you thought his Rational is right or wrong is what it is I mean I have conviction that's just as Strong for what I'm doing in terms of my Strategy in crypto including xrp and so There you go it started surging back up And that 50,000 In August of last year that was the low Is now worth $1.1 Million wild you got to love crypto the Opportunity is Here so he's back and you know it's Going to go up it's going to go down Maybe he'll stop being a millionaire and Then become a millionaire again um I
Don't know what's going to happen with Doge I won't be surprised if it goes up But I just want to highlight it because Whatever your your favorite coin is There's a lesson in all this and just You got to realize that when it comes to Investing especially in crypto which is Incredibly volatile you are Your Own Worst Enemy because of your emotions Like this is true for every human on the Planet you got to be aware of that uh Here's another post from from uh from Slum Doge millionaire sharing a screen Grab and this was um this was also Yesterday in the afternoon so I think This is his total Pro portfolio so the One that I just showed you first Doge Going so he's got over $1.1 million in Doge and I think this is everything that He has which is impressive so he's quite The Comeback Kid story here $2.15 Million in crypto and you know what's Crazy is this time we're not at the top So he's been planning four years and and I've been doing the same thing Diversifying he's gotten other coins He's you know he's not being a Max so Yeah putting that much money into just Doge okay you know and again nothing Against him on a personal level it's a Little silly it's good to have broader Exposure but you know he did what he did And he figured that out though and then He bought a bunch of other stuff it's a
Cool story it's admirable you know like We make Stakes because we're silly ass Humans and then in his case he was Public about it which helped people like There's a lesson in this I think it's Admirable honestly I really do so he Wrote The Following the only difference Is I never gave up I never surrendered I Bought Doge with $180,000 and saw it go All the way to $3 million and then go All the way back down to $200,000 and Held it the entire way I got called an Idiot more times than you can imagine But I never sold a single Dogecoin Because of my belief Doge to $1 is going To happen I bet my life savings on that I guess we'll have to cease that's what He says and he could be right I mean It's more likely to go to $1 this cycle Than last cycle obviously way more money Flowing In um so we'll see but I just hopefully He recognizes that uh and he does it's It's okay to take profits along the way I mean do what you want to do but he Wrote as much here look what he wrote on March 4th And and Ino Doge was even at that point Was a lot higher than what it was half a Year ago in terms of price but he wrote The same thing six times in all capital Letters on social media platform X on March 4th he wrote I will take profit This cycle on Doge he's wrote that six
Times or or seven no my bad seven Times even more emphasis so good he Clearly gets it you know and we learn From our mistakes this is good uh he Also shared this post uh yesterday in The afternoon And So It Begins doge is At 22 cents for the first time since 2021 this is only the beginning strap up It's going to get interesting and so Look his conviction uh a little bit Different than mine in certain ways you May have sniff that out but he believes What he believes he believes that doge Is going to go back up and I don't even Think that's crazy because the asset Class moves in tandem why would I think That's crazy you know in terms of Specifics about utility and long-term Viability for Doge I don't know actually Gets used somehow because it's been Around so long and so people prop it up And it actually does get implemented Into something okay pretty fine I don't Know if that's going to happen maybe it Will maybe it won't most meme coins go To zero I don't know if it's actually Doing anything today but you know I've Had the same conviction with my strategy Again including xrp so I totally get Where he's coming from 100% 100% I'm I'm happy to be doing what I'm Doing with my xrp and people can call me So just like they were calling him an Idiot you damn fool and you're still
Holding that Doge thing after a c that Much people screaming at me about xrp And and all sorts of you listening some Of you listening are the screamers just So you know that means that you are the Indicator though but it's true you know We yelled at for all sorts of stuff here It's just silly ass nonsense in the end Because we know that the asset class is Just going to keep getting bigger and Bigger and bigger and yes a bunch of Stuff's going to ultimately go to zero At some unknown point in the future but That's why I'm so confident about xrp Specifically it's it has actual utility It's I unless something changes I don't See why it would go to zero nobody can Know for sure but why would I think That so anyway you guys tell me what you Think it is a cool story though right Isn't it cool to see him come back and And kind of learn from his lessons and Then uh even though this could have been Viewed as extremely embarrassing he Still publicly shared it for the benefit Of other humans I think it's neat I Think it's good I think it's really Cool I'm not a financial adviser you Should not buy your sell anything Because of anything I say or right that Would be a very very very bad idea until Next time to the Moon Lambo
