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Hello this is Matt on the moon Lambo Channel I'm going to share with you Perspective from an xrp chart analyst Who says that uh xrp chart today Starting to look a whole lot like 2017 And we know what happened in 2017 that Was when the Great face melt occurred uh Faces melted from xrp rocketing up in Price starting the year around half a Penny and then about a year later was uh It was damn near $4 and in terms of structurally what is Occurring on the charts this particular Analyst says looks like the same damn Thing is is is is forming like literally Right now and I think that given the Sentiment of the xrp community I think This is be this be a good opportunity to Uh remind everyone of big like the big Picture here because short-term Sentiment will always be what it is but My gosh things have never been better For xrp and the xrp community set aside Price because I mean well even in price Though it's still been fantastic enough That xrp's always been in the top 10 Cryptos by market cap but I mean if you Can consider Real World Adoption if you Consider that xrp is the only large cap Coin in existence that has legal Clarity Within the United States I think all of That functionally matters and we're Entering bull Zone uh well I mean we've Been in Bull mode for over a year
Frankly but we're not in the Euphoria Stage yet are we certainly doesn't look Like it anyway um and then there's also This article and I'll cover this in the Last part of the video 10,000 votes Target achieved to bring smart contracts To xrp ecosystem so they're talking About the hook Amendment here which Would um allow for smart smart contract Functionality on layer one on The xrp Ledger now if that Happens like I just I can only imagine What that would mean for the future of Xrp because xrp Ledger even without Smart contract functionality it's still In the top 10 the the market has decided It makes sense for xrp to be here Despite the fact that there's less Developer activity compared to like Smart contract chains uh because it's Well there are reasons obviously Obviously xrp is broadly good at Payments as long as this doesn't hinder Xrp's utility in terms of payments I'm All for it so um I want to hear more Perspective from the awesome badass Tech Nerds out in our community but um the Community wants this you will see and if I'm telling you like if this happens This will just further ensure the Long-term viability um of xrp uh so long As it does not hinder anything on the Payment side but uh before we 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 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 here's a headline from crypto Newsland xrp's potential $10 surge Analyst predicts bullish outbreak and I Don't need to read the article they're Covering perspective from uh xrp chart Analyst crypto Patel and um you don't Have to be a chart guy to understand That the idea behind this makes sense Check this out He writes is is this finally xrp's time To shine will hit $10 last bull xrp seriously Underperformed while stuck fighting the SEC Bitcoin hit new highs while xrp Failed to pass 2017's $33.30 all-time high and I'll just pause To note there depending on what source You go to who you ask you're going to Find different numbers for the all-time High so if you're wondering why he's not Saying $392 or $3 84 pick an index look how they're Tracking it they pull data in different Ways it is what it is so I just thought I'd mention it then he says but with the SEC case now won the floodgates me May Finally be
Open similar triangle breakdown to 2017 Is forming if 2017's 40,000 per pump Repeats we could see mindblowing $10 Plus xrp so a couple of things there on The SEC front yes I could not more Firmly agree with that Perspective because xrp last Market Cycle despite that attack from the SEC And all sorts of people being scared out Of potentially purchasing xrp xrp still Moved in tandem still jumped up to two Bucks that was its high for the cycle so Now that xrp has legal Clarity it is now Unshackled the next time the market runs And looks like we're leading up to that Right now which is why I think it makes Sense to be very excited for what's Going to happen over the next 6 to 12 Months roughly uh yeah I think xrp as Long as Bitcoin goes to new alltime High Just I'll be shocked if xrp doesn't Which doesn't mean for sure it is I'm Not making a price prediction I don't Know I'm just saying I'd be surprised if It doesn't under those circumstances and So he's noting here actually uh charts Looks kind of samsy and now just to be Clear when he says 2017's 40,000 per Pump repeat he's not literally saying it Would be 40,000 per from this level and Even in the chart uh that he's not Showing that he's noting if that type of Setup were to play out uh it would be a Similar type of move not that the
Percentage would be the game you're Never going to get the same multiplier Effect from one cycle to the next Because once there's way more money in The in the in the into xrp than there Was the cycle before well as that Happens obviously it's going to take That much more money just to get to Double triple quadruple same thing with Bitcoin it's a same reason that with This C being the fourth major cycle that There's ever been with you with every Single cycle that has happened so far There's been a substantially decreased Uh multiple for Bitcoin because it takes That much more money in to get it to Double triple quadr well same is true For xrp so he's not saying it's 40,000 And some people do have a hard time Understanding that but is what it is and Then he said survived 2,291 brutal bear days that's six plus Years this coiling pattern signals Ripples ready to erupt and that's the One thing where I will not forgive him It's xrp Dam it he must have misspoke my Accumulation Zone 40 to 50 cents targets Would be 90 $1 195 $4 $7 and $10 so Those are important levels that he Thinks to watch in terms of resistance Um but he thinks it's going and he wraps Up by saying if you believe in parabolas Triangles and Cycles xrp may be on the Launching pad again here and we will see
What happens but I've made my stance Clear in terms of what I think is most Probable it's coming and if you're the Type that thinks that you know utility Matters and we win the day who said that Who came up with that phrase um if if You believe that this next story might Get you a little little hot and bothered You know get get you a little excited You know here's the headline from the Crypt basic 10,000 votes Target achieved To bring smart contracts to xrp Ecosystem so there's still a long road Ahead but it's plausible this could Occur and also I'll say too with the Xrpl side chains the how being live with The hooks technology implemented already That's a real world Test example which I Think I think it could go a long way in Terms of convincing a validators vote in Favor for this once we get to that point But anyway piece reads as follows the Xrp community has overwhelmingly Supported introducing smart contract Like functionalities on the xrp Blockchain which hooks would Facilitate recently vet and xrp Ledger Ambassador surveyed the xrp community Stance on introducing smart contract Functionalities to xrpl Via hooks vet Conducted the poll via the social media Platform X over the weekends the poll Asked do you want books native smart Contracts on The xrp Ledger and folks
This goes back to something that our Community has been talking about a lot Lately the the the degree to which Developer activity matters for any uh For any blockchain and unquestionably The answer is yes that it matters but For some chains there's proof it matters More than others so it's and there is You know there's not bad developer Activity for xrp and The xrp Ledger but It's is it does it really surprise Anybody that if you look at like pick Pick a smart contract platform is there Any surprise that those platforms have More developers given that you can do More stuff if you have Smart contract Functional is anybody surprised by that And so that's not a bad thing that we That that like necessarily xrp is good At other stuff like blazing past blazing Fast payments and stuff so it's not the End all Beall but but uh it would be Nice to have it and to drive the point Home further I mentioned this in a Couple videos in in recent weeks if you Look at Tron it has a bus Developer activity is there like one or Two there's like there's almost no I Showed the number at the time i' had Been like 16 actually there's almost no Developer activity and um and it was at The time when I was reporting I think it Was like number 13 in market cap it Actually might have moved up actually I
Think I saw it in the top 10 the other Day it has almost no developer activity What does that tell you does the is the Market accidentally pumping stuff and Then it just stays up there for a long Time or is it the case that there's Perhaps there are reasons that coins in The top 10 or or even if you're say in The top 20 or 50 is there a reason that If they're hanging out there for a long Time that they should be there the Market says yes and so in the case of Tron Ral Paul pointed out you know Former Goldman Sachs ex very Pro exec Very Pro xrp guy founder of real Vision He noted that Tron is like why is it Doing so well it's doing so well because It has the largest stable coin ecosystem In all of crypto Basically so it's it's not the only Thing that should be looked at here and So xrp very good at payments adopted for Other things big Community all sorts of Reasons right but that's why I was Saying at the outside of this video Even Though I think xrp is safe right now and I think people are um if you look if Like if you're trying to figure out how To wait the importance of each Individual metric that makes up the Totality of confidence in a crypto I Think people some people right now are Putting too much weight on the Importance of develop developer
Activity and only reason I say that is Because some people are freaking out That there's not enough as if this means That extrap not going to go and I'm just Like but it's in the top 10 and always Has been doesn't that mean the market Doesn't agree with you and so that's not Me saying developer activity doesn't Matter I say it does and we should Always push for of course I am firmly on That side I just think that some people Are freaking out more than is necessary Yeah go Ahad and push for it we're all Going to agree on that and to that end If you want That pass hooks get get get it Implemented because that's native smart Contract functionality on The xrp Ledger And it will draw in more developer Activity so I do believe yes I'm look I'm on board I'm not I'm not arguing Against anybody that's saying developer Activity matters I'm agreeing I'm just Saying the rest of the market is like Yeah but it's fine where it is otherwise Xrp wouldn't be number 10 in within the Number 10 coins of Mark in market cap it Just wouldn't be after a decade no there Are other metrics that people are Looking at very clearly or else this Would not be the Case anyway peace Continues participants were given two Options yes or no at press time the in
Quiry has concluded with an overwhelming Majority voting affirmatively for hooks Specifically the poll attracted 1153 Respondents with 93.6% voting yes while just 6.4% picked No and there's the total on the Screen technically 10,766 individuals have endorsed Introducing smart contract like Functionalities to xrp Ledger Importantly this substantial endorsement Carries significant weight and the Broader decision-making process Regarding the approval of hooks for xrp Ledger specifically Richard Holland the CTO of xrpl labs and Lead architect of Hooks recently revealed that the smart Contract based proposal must be Integrated into the Ripple D code base Before it can undergo a vote he further Explained that the team will initiate a New PLL request if the community Garners 10,000 affirmative votes on a poll for Hooks on mainnet after the recent poll Garnered over 10,000 affirmative votes V Resurfaced Holland's remarks accompanied By a cheerful emoticon indicating that The community has achieved the necessary Milestone for the hooks team to proceed With renewed efforts to introduce smart Contracts to xrp Ledger and folks I have To acknowledge that is an overwhelming Number almost Everyone in the xrp community wants
Hooks almost all of us now I consider Myself in that group could I be Persuaded to say no we shouldn't do this Yeah give me a good reason though is is It a significant Tech concern because Like you are risk like it is a Substantial risk because no matter how Confident you are now how how much you Test the code there's always that Possibility something goes wrong and There are billions of dollars on the Line literally in terms of the actual if You look at the market cap of XB very Clearly so I want it but anytime you Make any change it's a risk now that Being said with I mean there have been Other big big changes before like look At look happened with eth you know Ethereum converted to proof of stake That it's not like that wasn't a risk That that was a major hurdle so to say That we couldn't get an amendment pass That would not break everything and then We have Smart contract functionality I Mean yes I think that we should strive Forward towards that as long as it Doesn't decrease the utility of xrp as Uh you know important blockchain for Payments because again I think that's a Key piece a truly crucial piece that has Resulted a metric that has resulted in Xrp always being in the top 10 coins by Market cap I think that because it's It's less common people are all sorts of
Platforms are focusing on other stuff Xrp is really good at this and there There's a special need for it there is This Niche and it does some other cool Stuff built on decentralized Exchange Obviously All That Jazz I'm just saying don't break that That is why xrp where it is is where it Is don't break any of that if we can add To it I'm in if there's some substantial Risk that we're going to break something Then I'd be less confident but um I'm Optimistic it is possible to move Forward and have this extra Functionality which will lead to more Developer activity and again it's just One more thing but again developer Activity is not the end all be all and I Think that the vast majority of projects Being built on any blockchain are going To cease to exist in the future because It's a time of entrepreneurial Endeavor With new technologies trying stuff That's never been done before most ideas Will be proven to be bad ideas and fail But I admire people going out and trying Stuff and some of these these ideas are Going to be successful and huge and we Can't even imagine the the degree to Which they're going to impact our lives In the coming decades and that's why you Do that the same with people Experimenting with with the internet Decades ago with the Advent of the
Internet and the the do boom boom and Bust it's in the 90s you didn't know we Were going to have Uber you know we Didn't know we were going to have Facebook and you know YouTube and all That stuff Google like we we didn't know So a bunch of business ideas were tried Almost all of them failed and then we Had some winners and and it was it was Transformative so all that to Say most of the developer activity are They going to be building the things That they're building today in a decade From now doubt it I think there's I Think the chance is about a zero% that Most of the developers are going to be Doing exactly what they're doing a Decade from now but there are going to Be Winners and The xrp Ledger itself is one Of the winners clearly the market has Decided to this point and yes things Could change and it could fall to the Top 10 but I don't see a reason to think That's probable at this time and I don't Even think that developer activity is One of the reasons if that were a Problem xrp would have fallen out long Ago especially with the SEC attack if Devel activity were actually a problem And the market thought so it would it Would have dropped out years ago years And years Ago so again that's not me saying
Developer activity isn't important Nobody misconstrue what I'm saying I'm Saying it is important we should push For it and I'd like to see smart Contract functionality on The xrp Ledger So nobody twist what I'm saying here Please all I'm saying is and and I'm Trying to be pretty clear here it's Because I see some people going too far In One Direction panicking thinking that Xrp is going to just fall apart because Of the level of developer activity when The truth is on the whole the trend has Been upwards in developer activity yeah Smaller than for smart contracts Platforms but is that surprising is that Even Bad not completely convinced Here So anyway um long story short as far as This goes uh obviously again over 10,000 Votes achieved and uh they're they're Moving forward with this year so again As long as this doesn't mess up anything With payments I'm all for it I'd like to See this implemented uh clearly the Community wants it and as long as all The badass Tech nerds say it's not going To result in the loss of billions of Dollars in all likelihood on a scale of 1 to 10 I give it two thumbs up I'm not A financial adviser you should not buy Or 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
