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Hello this is Matt on the moon Lambo Channel it's been about a week since xrp Lost its number five position in market Cap to salana and about two weeks before That I published a video on YouTube Warning hey this actually might happen Xrp might lose its number five spot in Market cap to salana and I did that Because I understood that it was Reasonable to suppose that it might Happen it was was a pretty small Gap at That particular moment in time and Historically xrp has been in a number of Positions in the top 10 crypto market Cap especially when there's lots of Volatility in the crypto Market Especially when there are moments when Crypto markets moving to the upside and All sorts of coins start popping off and I wanted to publish that to just share My personal opinion that in the end it Doesn't matter it's not weird and the Fact that Salon is doing well doesn't Mean that xrp is now doing worse it's Basically been moving sideways in this Period xrp didn't start doing worse it's Just that salana did incredible it's Gone on an incredible rally this year And I say uh credit and uh you know to All of you out there who own salana and Got to enjoy some profits for some of You massive profits this year I'm very Happy for you quite genuinely I I don't Own it I never have nothing against it
It's just that there's over 20,000 coins I can't own everything U but this does Not mean there's something wrong with Xrp and I personally believe that xrp is Absolutely going to make it back to its Uh to its number five spot in market cap And if bitcoin's going to hit a new Alltime high and if xrp is going to do What it historically is done and then Hit a new time high itself and ENT price Discovery then this blip on the radar Won't matter in the end xrp will take Back that number five spot and then some For those of you that were around in 2017 you'll recall that xrp was number Two in market cap for a brief period Don't be surprised if it starts Threatening eth in terms of market cap But 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 so There is a fair Gap at this particular Moment uh between in terms of total Market cap from xrp to salana uh xrp a Little over 34 billion salana just shy Of 44 billion so you're talking about Close to A1 billion Gap in terms of Market cap but of course in crypto we
Know things happen rather quickly so it Could be out of that position tomorrow Um it's also quite possible salana can Continue to run but that's why I wanted To share my personal opinion which is That even if it does that doesn't mean That xrp is doing bad it means that Salana is doing well okay these are Different things and it won't mean Anything bad for the long call doesn't Mean that xrp is is somehow lesser as a Result of this and in fact it won't take Much money flowing into xrp to get it Back in even just that number five Position in terms of market cap I me in Fact considering where we are right now If xrp Just Hits like 80 or 81 cents Somewhere there about if it were just There from where it's at now the time I'm recording this 63 cents if it it Just gets back up to 8081 cents which Isn't exactly a big ask then it Dethrones that Sal from that number five Spot it it'll be out because that that Would put xrp's market cap a little over 43 billion just at 80 to 81 Cent Somewhere around there so of course it's Pretty reasonable to suppose that's Going to happen it's kind of just a Question of when but like I said Yesterday I mean my personal opinion is Like even if even if Bitcoin doesn't hit A new all-time high this this Cycle it's very clear we're already
Seeing fireworks so we can already see a We can already have a lot of fun with Xrp in terms of price action I'm just Less confident that it's you know it's Going to hit a new all-time high if we Don't see Bitcoin hit a new alltime High but uh you know I I don't think That there's reason to be fearful at This particular moment let's let let's Let time pass let's let things play out A little bit here but but yeah my Personal opinion yeah you're going to See xrp way higher market cap don't be Surprised to see it take out salana and Then BNB and and perhaps even eth uh I I Wouldn't anticipate eth or xrp is going To take out Bitcoin though I I do not Think that's likely to happen um if it Ever happens not this Market cycle I I Would just be shocked because if you Look at how overall this Market's being Treated it's not particularly different From just a few years ago it it is the Case still that bitcoin's the king it Leads the way even though it's the most Inferior cryptocurrency from a Technological perspective just because It's the first people have made their Choice to this point if it's going to Change maybe it can over time but I see No indication that people are going to Break away from the current mindset and Behavior towards crypto that we're Seeing today that that's all I'm saying
Right now but yeah it doesn't mean Bitcoin for sure is going to be number One in market cap forever maybe but uh But we'll see um at the time I'm Recording this so again xrp 63 cents Bitcoin 4276 bucks uh market cap for the as lass 1.68 trillion and then you've got uh the Crypto fear and greed index at 73 out of 100 Now xrp I'm sure a lot of you are aware Xrp last night was doing pretty gosh Darn well I mean it got up to well here Let's go to the 24- hour 65 yeah 65.6 Cents last night and we were hoping of Course hey well you always hope it's the Moment right why wouldn't you hoping Hope that it it keeps on breaking to the Upside because it was a pretty good move Up but then that didn't happen resulting In this particular article right here Xrp just did something unacceptable for Bulls price reacts and so I had some Commentary on this let me share with you A little piece of the article though the Xrp market recently witnessed movement That would dishearten many bullish Investors a classic bull trap after Breaking through the local trend line Resistance the price on the xrp usdt Chart showed a misleading bullish signal Causing a stir among Traders expecting a Sustainable upward Trend a bull trap Occurs when a declining price breaks
Above a significant resistance level Suggesting the start of an upward Trend However instead of continuing to rise The price fails to sustain the breakout And falls back below the resistance Level this false signal lures bullish Traders into buying under the assumption That the market is reversing in favor so Look fol I just want to make a simple Point on this xrp was under its own Power breaking to the upside right Bitcoin dragged it down so for those of You that care to look at your screen This is a 24-hour chart for xrp here it Is for Bitcoin xrp Bitcoin here I can Flip back fourth a bunch of times you Can see the comparison xrp was running Bitcoin slid to the downside and it's Not like Bitcoin even had a catastrophic Slide it was as high as 4385 bucks Within the last 24 hours and as low as 42377 but it definitely dragged xrp down A little bit and and look bitcoin's just Been consolidating for a while in fact Credible crypto and I like that he does These friendly reminders because people Have trouble on the emotional side Obviously I talk about that a fair bit In times like these Uh but he shared a post of his on social Media platform X from November 4th and He simply wrote don't mistake Consolidation for weakness you know for Fun let's pull up a let's pull up a
90day chart here and see where that was It was nov I said November 4th right Yeah November 4th so let's see yes okay So you can even see it on the screen There so if you look around towards call What the last week of October into you Know maybe like the first week or so of November that that that it's like not Literally flat but that's pretty damn Flat that was that was a consolidation Period and what did we see after that Well obviously it ripped to the upside I Mean if you look in October I mean You're talking about 33 $34,000 Bitcoin Uh yeah we went a lot higher since then Didn't we and so he's just making the Point by reposting that again he he Shared it again just uh just this Afternoon and he put a little you know Emoji with the finger pointing down Towards it uh yeah don't mistake Consolidation for weakness he's saying Here very clearly uh what we're Experiencing in terms of sideways action That's not weakness it's just it's Normal you see this time and time again And these types of Pops where you see Xrp break up and go back down you just It's Just being ingrained the way that I am In the community and engaged on social Media and seeing what people are writing I'm I'm in tune with the sentiment I I Think it's I think it's fair for me to
Say that and I see a lot of people just They're hanging on every little up and Down like last night and it's like I Enjoy watching it but I don't like when It doesn't continue to go the upside I'm Not going to get torn up about it and I Just got to share with you guys this is Behavior that is not unique to xrp I Hold so many different coins and I see Regularly whether it's harar or polka Dot or polygon or whatever is I hold a Cardano you'll see them start to to peek Above then they go back down and peek Above and go back xrp is not behaving Any differently than that you know the Biggest difference behaviorally that You'll see from from xrp compared to Other coins is simply that it lags Behind his Historically in uh in in insane bull Markets but it still goes so that Behavior is a little bit different of a Characteristic but it's not insanely Different beyond that not really you Know nothing terribly Crazy so I don't I just all that to say It like to me it just doesn't make sense To get freaked out about that particular Price action like it's going to come When it's going to come and it's going To be a lot of fun so like I I still I'm On the bandwagon that um which at this Point I think it's a majority opinion You know the the spot Bitcoin TFS are
Going to get approved I think they're All going to get approved at once we Probably see some fireworks and even if They're shortlived uh crater back to the Down because I do think it'll be a sell The news event happy to be wrong U i' Would be very happy to be wrong if it Just keeps ripping to the upside yeah Give me That you know um but no I I suspect that We're going to have a little bit of a Burst and then at some point shortly After probably a sell of the news event And and by the way I think that this Kind of proves the point here I don't Want to read this article I was reading This before I was recording this video It's a the headline from coin Telegraph Is Arc sells remainder of gbtc Holdings Invests $100 million in Bitcoin ETF uh Cathy woodlet institutional asset Management firm Arc invest liquidated Its entire remaining grayscale Bitcoin Trust Holdings worth $200 million on December 28th revealed the Bloomberg ETF Analyst Eric balunis and so recall Grayscale is the firm that about a year And a half ago sued the SEC uh after They did not get approved for their spot Bitcoin ETF they ended up winning the Lawsuit against the SEC which is why We're in this position where people Actually believe uh that the SEC is Going to to end up approving a bun but
Um the product that they' had leading up To this for most of the last decade or So I can't remember exactly when they Started that but there's the flag Flagship Bitcoin uh trust that's gbtc Grayscale Bitcoin trust that's what that Is and so that's that's the investment Vehicle so you can get exposure to Bitcoin without having to purchase it Yourself but it's only for accredited Investors it's not traded on the likes Of the New York Stock Exchange so it's Limited as far as uh what it would mean To you know to individuals persons which Is why when we finally get the spot Bitcoin ETF approval it's such a big Deal because it actually changes the re The very real supply and demand dynamics Of Bitcoin because Bitcoin must be Purchased it is going to actually be Backed by real Bitcoin that's why it's Such a big deal and then it's open to Not just accredited investors which is a Small percentage of the population but Everybody go through your broker PCH Purchase whatever on the New York Stock Exchange that's the type of situation That we're looking at here and so Ark Invest to this point has had this major Investment in a grayscales Bitcoin trust They just liquidated it today today now Why did they do that and I've seen Various theories on this well first of All um I mean maybe they're going for
Their own but on top of that um how About how about the uh the fact that uh Kathy Wood has been very actually I Think I mentioned this in the video I Believe it was yesterday she's very Public that she does share the Perspective that I happen to have which Is that this is going to be a sell the News event when this happens it's yeah It's a sell the news event now she's Very optimistic that this is going to be Meaningful over the Long Haul as am I I Think it does matter over the long I Think these investment products are on The whole going to be very Successful um but yeah she does think That so given that she believes that is It surprising that she liquidated the Holdings $200 million Worth we'll see what happens here and I Think she put it in a Futures ETF Actually um here yeah here I can read a Little bit further uh the investment Firm used half of the money about $100 Million from the sale of gbtc to invest In a Bitcoin Futures ETF BTO bit however ETF analysts believe it's a temporary Parking spot for the investment firm as It looks for a more liquidity Rich Portfolio Bloomberg ETF analyst Eric Baluna said this latest investment shift By Arc has made it the second largest BAU holder so uh again The fireworks are coming like I I I just
I think it's perfectly reasonable Speculation like that's why I keep Saying like the the most fun that we're Going to experience in crypto in our Lives it's about to happen this is where So many of us that have been in this for So long many of us for years and years On in for me personally over six years I Believe that this is there's a really Good not a certainty but a very high Probability that this is going to be the Time where we finally get to have our Crack at life-changing wealth and for me Xrp is going to be a huge piece of it Because it's about a third um of of what I of my total crypto Holdings in United States dollars when I did a calculation The other day and I actually made a Video about this so some of you may be Aware but at the time I I did my Calculation it was worth I think Hold any of that xrp but I'm still Counting on it for a massive portion of My returns and I firmly believe it's Going to come and if I'm wrong I'm wrong But that's the bet that I've made I just I I just keep seeing things go to the Positive for the xrp ecosystem and I Think all of these things actually Matter so I mean fine we didn't get a New alltime high in July after xrp got Legal Clarity but hey you know the Market wasn't as hot and Bitcoin hadn't Hit a new all-time high yet and we're
Still waiting for that so that that Part's not surprising but you know in Terms of developer activity it actually Is increasing which is rare it is rare I Understand that there's more development Activity on other platforms like polka. Zone and so forth but they also have Smart contract functionality layer one So that shouldn't be surprising it Doesn't mean that there's not a place For a cryptocurrency like xrp which is Blazing fast and incredible um you know Just for payments in general and there Are other fixes on top of that you know Side chains I I don't want to get too Off the rails in this video but I I'm Just trying to make the Point the actual utility of xrp it Really is there there are tons of use Cases a real adoption a real big ass Community of people that believe just as Strongly as you do that it makes Sense and as a result that's why xrp has Been in the top 10 cryptos by market cap For its entire existence despite being Under a multi-year attack from those Assat Pricks at the SEC to is this not meaningful does this Not mean something is this not telling The world hey there's something to this It keeps staying here despite people Predicting it was going to go to zero so Yes I think we're going to have some fun In
2024 I'm 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
