XRP: The Cult of Irrelevant Coins: Says Raoul Pal

Published: Sep 15, 2024 Duration: 00:04:59 Category: Science & Technology

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Cults of irrelevant coins that's a quote from R Paul recently discussing xrp and cardono investors and I understand what he's getting at look early on in this crypto growth cycle both coins have been dogs they're not the Hot Topic it's all about rwa dpin artificial intelligence these highflying next Generation blockchains those have been the outperformers but I wouldn't extrapolate that through this whole bll run when we look at xrp post lawsuit Chain's going through a lot right now a huge transformational shift we see new features a New Foundation emerging some lingering questions regarding you know legal issues we're going to have to work through here we should know more here shortly slowly we are being reintegrated on platforms your coin bases your Krakens they were quick they uh listed xrp right away but now we see the Great scales launching funds and this is just going to continue across the board almost everything is better for xrp this time around than it was the last Bull Run and if you bought xrp on the last day you could have on coin base when it was being delisted a really bad and Dangerous Time For That asset it outperformed both Bitcoin and ethereum from that date to the top of the market so you know just because something isn't performing today does it mean it's not going to in the near future here as we go through this gross cycle xrp is a tricky one we don't have a lot of uh comparable stats from the last run because it was significantly hard we don't know how high it might have gone and try to extrapolate that into what we're currently going through it's guess workor of the highest order but I think it will do better and which will be quite good actually from where we stand now cardono huge worldclass governance upgrade here uh it's done a ton of building if you compare cardano today from where it was the last Bull Run it's a totally different chain I mean think about that when that growth phase kicked off we didn't even have Smart contracts yet now you have an ecosystem both of these chains are primed and ready for adoption if you saw last time you know binance coin when things kicked off wasn't worth that much what happened as ethereum started getting slogged down as people needed Alternatives stuff started spilling over car was ready to capture all that activity I think both of these chains could do that only time will tell how these are merge and how much activity they capture but I think both are primed for exactly that and they're going to have a really excellent you know growth curve here as crypto starts to pick up we can call them irrelevant xrp's number seven cardono number 11 they are far from irrelevant they just haven't performed lately that's what's nice about having a nice Broad Investment Portfolio that way you're not sitting on your hands you're waiting for xrp and cardano to pick up the pace you've done nicely with Bitcoin ethereum's held its value good I didn't have salana hopefully you did that's a lot of you know early growth but that doesn't mean salana is going to continue outperforming at the same Pace you know things there's a timing and a flow to this market and uh you know you'll have to see it play out but these definitely are not irrelevant coins but sometimes coins become that we saw that with like coin and a whole mess of coins that used to be you know top 20 coins EOS for instance like this does happen so you got to keep an eye on things but at this point in time you can't write either of these Prime Time major large cap cryptos off I think they'll have their moment they'll perform and we will see how much you know really adoption they capture it's a waiting game to some extent I heard a lot of similar arguments around link last time around it was a darling of the bare Market just outperformed everything and it was a real dog once the real funing games begin you got to be careful with that what has been performing mindset will continue not always a lot of times not look last time around at this time in the cycle EOS was the number 10 crypto in the world it's still gave you 250% returns no one's going to quote unquote miss out on this bull run make sure you have some of those emerging and exciting Investments That capture you know rwas artificial intelligence dpin you know the really high throughput chains with all sorts of capability that's great but if you don't hold these longstanding large market cap layer ones I think you're doing yourself a disservice they're going to perform and when they do it's going to be quite exciting let me know what you think down below as always please like Please Subscribe the revolution will be televised right here on Jungle link

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