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Hello this is Matt on the moon Lambo Channel here's a headline from the Crypt Basic research shows xrp beats BNB Salana cardano in liquidity ranking and So this is fascinating because there There are a number of people U it's a Minority but there are a number of People in the xrp community that are not Happy with xrp's recent price action I Am definitely not one of those people I'm very happy with What's Done in 2023 And I don't control the timing there's No reason to believe uh I don't I don't Think anyway that xrp is going to be Sitting on the sidelines as this bull Market heats up even further in we went 3 before it doesn't make sense to me That XP would just be sitting on the Sidelines so I think a lot of people Need to be chilling out but in terms of Liquidity it's just fascinating to see That despite uh in recent days anyway a Lot of sideways price action for xrp There are a lot of eyes on xrp as Evidenced by this particular metric Tracking liquidity it's and you'll see As you go through this this article xrp Is number three out of all Cryptocurrencies in existence when it Comes to liquid U so there's that and um then there's Also this headline uh from coin Telegraph JP Morgan CEO criticized for Bitcoin ETF role amid anti- crypto
Comments okay so I I I made a video Where I covered this topic recently but I want to share with you additional Perspective on this from Attorney John Deon as well as attorney Jeremy Hogan I Always appreciate their insight and Thoughts but uh before going further I Do want to be clear I do not have a Financial background of any kind I am 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 and by the way just as a Friendly reminder like things happen Fast in crypto there's it makes no Logical sense to be feeling down about Xrp right now in my humble opinion uh in Fact just to bring the point home a Little bit and I'm not going to read This article it's old it's from September but here you go from the Crypt Basic xrp becomes top traded altcoin in The United States overtakes salana Doge Cardano ship and it's kind of funny Because um as fantastic as this this was At the time here salana ended up going On a ridiculous tear obviously and a lot Of people made a lot of money having Invested in salana but just months ago Xrp overtook it and so there's going to Be a lot of back and forth like this so
In terms of market cap xrp is still Going to take back that number five spot Yeah salana is in it right now but uh That's that's just temporary you know Sal just keeping that number five spot Warm for xrp you know I don't believe That it's going to stay like just wait Until it actually goes though it's going To be completely ridiculous but anyway As far as liquidity just kind of prove The point like there is a lot there are A lot of people that have placed their Bets and a lot of people have very high Confidence and welld deserved I would Argue uh regarding future expectations For xrp Price action it's going to hit a New alltime high it's going into price Discovery that's the bet I'm making Anyway no way to know for sure but That's my bet we'll see what Happens so anyway this article again Titled research shows xrp beats B&B Salana cardano and liquidity ranking Reads as follows a research report from The institutional grade analytic Platform Kao ranked xrp over binance so that's Binance coin B&B salana and cardano in Terms of Liquidity so it's just so fascinating Xrp is beating out cryptocurrencies in Terms of liquidity that have higher Market caps now cardano not it doesn't Have a higher market cap but BNB and
Salana do currently anyway in a recent Tweet Kao capped its published report That offered a comprehensive liquidity Analysis across the top 40 tokens it Challenged the conventional Reliance on Market capitalization as a key metric And underscored the significance of Liquidity engaging a token's actual Value in the third quarter liquidity Ranking Bitcoin eth and xrp emerge as The top three tokens the report stated That Bitcoin and eth have maintained Their dominance in both market cap and Liquidity meanwhile B&B which leads xrp In market cap ranking dropped to the Eighth position in terms of liquidity as Of the third quarter report kico noted That BMB is mostly liquid on the binance Exchange on the other hand the report Indicated that xrp boasted a higher Liquidity score in particular xrp ranked Directly behind Bitcoin and eth Regarding the liquidity Metrics and so again xrp despite recent Sideways price action is a monster it is Gigantic it's on pretty much every Exchange that exists on this planet when This thing goes everybody's going to be Trying to get a piece and so either you Have exposure before this happens or you Do not and the people that do not are Are going to be left behind I mean a lot Of them are going to be foing towards The top of the damn rally that's what
Always happens humans never learn their Lesson I mean on an individual level you You know sure individuals can but as a Whole no retail doesn't ever learn they Will never learn their lesson they're Going to keep getting smacked Market cycle after market cycle after Market cycle and so yes I am absolutely Counting on tons of people foming into Xrp because that's how everything's Treated when something starts going oh My God you don't want to miss Out it's going to be fun it's going to Be a lot of fun here I'm just Saying uh all right now to this next Topic here JP Morgan CEO criticized for Bitcoin ETF role amid anti- crypto Comments JP Morgan CEO Jamie Diamond is Being criticized by the crypto community On X formerly Twitter after being named An authorized participant or AP for Short by Black Rock which dropped its Updated form S1 filing on December 29th commenting on the Black Rock Amendment Bloomberg ETF analyst Eric Belunas said Black Rock just dropped its Updated S1 and it does name the aps Jane Street and JP Morgan which is kind of Ironic an authorized participant is an Organization with the right to create And redeem shares of of an exchang Traded fund black Rock's updated filing Named Jan Street and JP Morgan Security's authorized participants in
Its proposed spot Bitcoin ETF Application however Diamond hasn't Endorsed Bitcoin publicly yeah quite to The opposite in a December 6 hearing on The United States Senate Banking Committee on oversight of Wall Street Firms Diamond told several us lawmakers That if he had the authority in Government he would try to shut down Crypto claiming Bitcoin and Cryptocurrency's only true use case is To facilitate crime can you believe this Folks The Audacity Of This what the hell is his firm doing Then he's the guy leading it if he Thinks that it's facilitating crime how Dare he be involved in this how dare he Right you're you're leading the ship There buddy I just don't so that's why He's been rightfully getting mocked for A couple days Now so I want to share with you what um What what John Deon and attorney hope Had to say about this so I'll share what John Deon said First he wrote how about that Elizabeth Warren Jamie Diamond JP Morgan is Involved with Bitcoin despite its only Use case serving terrorists drug cartels And other criminals or maybe you and Jamie Diamond are simply gaslighting the American public spot On um and then I shared this news on the 29th I wrote I find this rather comical
Anyone surprised though and attorney General Excuse me attorney Jeremy Hogan Responded to me and said watch what they Do not what they say question mark and Um of course that's always the case I Mean I and I've been espousing that Concept on this channel for over half a Decade now it's more important but it it Does raise some questions right and so Here's what I wrote in response I wrote This to attorney Hogan I said Sage Wisdom attorney Hogan but I'm curious if He and JP Morgan want want in on that Sweet sweet Bitcoin action why lie about It being terrible in the first place I'm Not sure how his negative words about Bitcoin will actually benefit JP Morgan I've heard people theorize that some People say you know negative things Because they want to be able to buy Bitcoin cheaper so they're trying to Suppress price but I think it would be Naive for JP Morgan to believe they can Meaningfully suppress the price action Of Bitcoin yeah so I do believe that I Just I even if that were their intent I'm not sure if it is but even if it Were your G to fail you know there's There's not a chance that what any Anything JP Morgan says is going to in Any sort of detectable way nudge the Price of Bitcoin it just ain't going to Happen but still you got so then you're
Wondering like I'm wondering why do this Then and so attorney Hogan wrote back to Me and said great question I don't have A good answer to be honest and fair Enough and I don't either um I did see Another P perspective shared I can't Remember who said this but somebody uh Shared the perspective that uh there's Actually nothing weird about this you Know it's pretty normal for individuals That an entity a business a firm or Government organization whatever so on So forth uh it's it's common place for Individuals to have perspectives that Are different than the position that the Organization itself is taking and in General that concept's True but Jamie Diamond is leading JP Morgan why again why would he allow this To happen if he's so convinced that it's Used for nothing but illegal purposes That's literally what he said why would He allow his company to be involved in Something that is so Illegal I just I I can't I can't see how A leader could like responsibly do that So I don't know why he's saying what He's saying but it is ridiculous what Does he actually think does he actually Believe this nonsense he's Saying there may be another piece of the Puzzle that we just as you know regular Citizens out here just are not Seeing I don't know what it is
Fascinating nonetheless if you guys have Theories feel free to drop some comments In the in the comment section below I'm Kind of at a loss I just I just I'm Observing it I see it's ridiculous just Like everybody else it is what it is Though folks but either way you know Obviously we always knew traditional Finance was going to be getting in this Is why it's so amazing for the first Time probably in history at least that I Can think of off the top of my head the Public people like us we get to front Run the institutions there are almost no Institutions uh in crypto right now you Know in terms of percentage they will be Everybody's coming we we got here first That's amazing Which is why I'm just hanging on man I Just I'm just holding and holding and Holding and I'm letting time do the work For me where else can you literally just Buy assets and then do nothing and then Make life-changing wealth by doing Nothing you make life-changing wealth Welcome to crypto that's what it is that It it's actually how this this works It's Amazing I'll go ahead and wrap up here Though I am not a financial adviser you Should not buy yourself anything because Of anything I say or right that would be A very very very bad idea until next Time to the Moon Lambo oh
