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- Bitcoin Over $100k & XRP Price Cools Down... For Now...
Bitcoin Over $100k & XRP Price Cools Down... For Now...
The Ethics Of Owning XRP, How Ripple & XRP Will Impact Real Estate, How To Capitalize On This Price Action In Crypto And more...
The Daily Ninja 12/5/24
Ripple's XRP Ledger (XRPL) aims to revolutionize enterprise finance by enabling fractionalized asset ownership in traditionally illiquid markets, potentially leading to a $30 trillion valuation by 2030.
XRPL's low transaction fees and advanced layer-1 blockchain technology position Ripple as a frontrunner in the asset tokenization market, challenging traditional financial institutions.
Ripple's strategy to tokenize real estate through XRPL could significantly increase market liquidity by allowing fractional ownership of properties.
CTO David Schwartz emphasizes XRPL's superiority over XRP as a gas token, highlighting its potential to transform enterprise blockchain adoption.
Ripple's focus on real-world blockchain applications, particularly in asset tokenization, demonstrates a commitment to innovation that could drive massive XRPL utilization and increase XRP's value as the gas powering these marketplaces.
Diversification across multiple asset classes like cryptocurrencies, real estate, stocks, bonds, and precious metals is crucial for effective investing, rather than concentrating all funds in a single asset.
Dollar cost averaging, investing a fixed amount at regular intervals regardless of price, helps mitigate volatility impact, but many investors sell prematurely at psychological price points like $10, missing potential gains.
XRP is positioned for significant growth due to its multifaceted use cases, including tokenizing real estate, facilitating bank-to-bank transactions, and potential as an efficient gas token.
The 2025 bull run is expected to peak within the next 12 months, based on historical Bitcoin cycles, with Wall Street's involvement through ETFs potentially amplifying price increases while enabling government regulation.
Tax liens and foreclosures are on the rise, with hedge funds aggressively purchasing tax liens, emphasizing the importance of identifying the right auctions and implementing effective strategies.
Banks are blocking crypto transactions, labeling them as high-risk due to concerns over scams and chargebacks, forcing investors to seek alternative payment methods.
To bypass bank restrictions, investors are advised to wire large crypto sums in person at exchanges like Gemini or Coinbase, as tellers can more easily verify transactions with ID checks.
Using an active trader or pro account to set limit orders instead of market orders provides more control over transactions and helps prevent losses from market volatility.
Wealth management representatives are recommending clients find alternative ways to invest in crypto as banks increasingly stop wires and debit card transactions for cryptocurrency purchases.
Online transfers for large crypto sums trigger fraud alerts faster, making in-person transactions at bank branches a more reliable method for moving funds to crypto exchanges.
XLM and XRP have shown remarkable growth, with XLM surging 483% from $0.09 to $0.54 and XRP increasing 431% from $0.51 to $2.70 over the past 30 days.
Stellar processes 10x more transactions per day than Ethereum, with many real people using it for real-world transactions, according to McCabe, the founder of the Stellar development foundation.
XLM and XRP have a strong correlation due to being perceived as part of the same metaphoric basket, likely stemming from their close relationship and shared history.
While XLM is managed by a professional company expanding globally, XRP is built on the XRP network and is controlled by a separate professional company working on the project.
XLM is considered the most underrated and least understood crypto project, according to McCabe, highlighting its potential for future growth and adoption.
๐ฆ BlackRock, the world's largest asset manager, is reportedly planning to invest $9 trillion in Ripple, potentially through its IPO or a subsidiary, which could significantly reshape the crypto market and drive XRP prices upward.
๐น Major analysts predict XRP could drop below $0.60, with nearly half of available tokens not in circulation but held in escrow accounts by the company, potentially causing a price correction and downward momentum.
๐ญ Companies are allegedly manipulating XRP prices through negative news to accumulate more tokens at lower prices, a strategy expected to continue during the bull run.
๐ Coinbase has implemented a $7,500 weekly limit on XRP purchases due to KYC and payment type restrictions, prompting suggestions to use alternative exchanges with direct wire transfers for higher limits.
๐ The pumping and dumping nature of XRP, characterized by constant manipulation, contributes to the cryptocurrency community's collective dislike of the token.
Trump's threat of 100% tariffs on 9 BRICS nations if they create a rival currency to the US dollar is a significant economic war threat, as BRICS nations represent more than half of the world's GDP.
China's ban on exports of gallium and germanium, crucial for chip manufacturing, is a direct response to US restrictions, highlighting China's dominance in producing 94% of global gallium and 83% of germanium.
The Biden administration's restrictions on AI chips to China, including prohibiting sales to 100+ Chinese companies, has triggered a tit-for-tat response, emphasizing the escalating tech war between the two nations.
Cargill's decision to slash 8,000 jobs globally, with the first round of layoffs starting February 5th, signals economic downturn and cost-cutting measures across industries.
China's control over rare earth metals mining and processing is alarming for global tech industries, as these materials are essential for manufacturing semiconductors, LEDs, and transistors.
Ripple's RL USD stablecoin will launch on XRP Ledger and Ethereum in December 2024, potentially driving massive adoption in 2025 as banks invest in Ripple, boosting XRP price and usage.
Banks utilizing Ripple's XRP Ledger for fast, low-cost transactions will need to buy and hold XRP, increasing demand and price, as transaction costs are fractions of current SWIFT system expenses.
The RL USD stablecoin is designed to be complementary and additive to XRP, built specifically to be paired with XRP in transactions.
Increased bank investment in Ripple is expected to lead to higher XRP Ledger usage, greater XRP demand, and subsequent price growth and adoption.
These projections and insights are attributed to Ripple president Monica Long, lending credibility to the potential future developments in the XRP ecosystem.
Trump's nomination of pro-crypto Paul Atkins as SEC chair, replacing Gary Gendler, signals a potential shift towards greater transparency and investor protection in the digital asset space.
Gendler's November resignation amid anti-crypto rhetoric suggests a strategic move to avoid being fired by Trump, who could have cut off his tenders and pensions.
The current XRP pullback may mirror the 2017-2018 pump pattern of straight ups and downs, potentially indicating a consensus on XRP's global market position.
Trezor is highlighted as the preferred method for storing crypto and XRP, emphasizing the importance of secure digital asset management.
A live call with the first 1000 students of the Bitcoin & XRP accelerator course, focusing on buying and storing XRP, indicates growing interest in cryptocurrency education.
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