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The first #Fantom validator using Sonic tech is live ✅
Marking a major milestone, this deployment paves the way for unleashing Sonic's impressive speeds on the Opera mainnet, achieving ~2,000 TPS at sub-second finality.
Check out the validator page here
https://t.co/Vs06AFDbZ2
I made $1,908,873 from $13k this cycle.
Most profits came from $SOL memecoins
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How to make it next bull with a small wallet
Key info: it's different from last bull.
There were very few serious projects onchain last bull, most were pre funded and therefore already had higher valuations from the start of their inception. Now, due to onchain taxes, projects are able to launch at $200K market cap and fund everything out of taxes. This provides a massive opportunity.
We've seen the first movers this year. Check my pinned tweet and you can see some examples. They are now establishing a base at higher levels. This means that the overall benchmark for valuations has gone up.
These higher levels for the benchmark is causing new projects launching to quickly go 10x from 200K MC to 2M MC. I've seen multiple examples last few weeks. If we move towards bull, both the ones that had big runs already and the ones at $2M mc will start to move to higher levels and once again establish base.
Now the real juice for the ones willing to give everything when the time is right (energy, time: basically devote everything). When bull actually arrives, the benchmark will be up again.
This will mean that new projects that have a product already will go from $200K MC to $10M MC or higher in a matter of a week.
Get into the trenches, compare many projects, look why some are performing for a longer period (fundamentals) and others are performing for a short while (influencers), make friends on twitter, get into telegram groups that discuss projects.
Be ready, the opportunities will be ample and they could change your life if you compound a few 10x's or more.
Feel free to post links to your thread in the replies that describes how to analyse projects or find the right ones, which free telegram/discord groups to join, etcetera.
Reminder - the request for appeal (even if granted) doesn’t change the fact that XRP is not a security. That’s not up for debate / trial. But the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. That’s utter nonsense. 1/2
People have long asked what will be the price of $XRP, when will this “utility” come? In my opinion, now more than ever I see a divided #XRPArmy! One side looking at only charts, taking cues from the past and trends that follow Bitcoin to draw short term price predictions. Whilst others cling to utility, believing that partnerships and the replacement of antiquated systems will drive price. Neither side has been correct nor in the future will either side be correct. XRP, for those not in the know is NOT a security! Why would we continue to pretend it is and make price predictions based on “Securities” in the crypto space? This logic seems counter intuitive and holds back what the team @Ripple set off to do so many years ago.
“If you dare to challenge the status quo you must first believe in what you own and know that anything is possible.”
I have been asked to give my price prediction – with no time frame, no clear understanding of circulating supply or firm dollar amount that equates to a start. All listed items are subject to change and will over time. We are just over 2 weeks from the SEC vs Ripple ruling, 1 week after the FedNow announcement, Congress has just passed the proposed crypto regulation bill to the Senate and we are just 9 days into testing FedNow with banks. Now, @ValhilCapital has written a whole white paper on XRP price, and I will not pretend to think I know any of that math they did. People look at that document in shock and say there is no way. Most of this is due to our own chart analyst's stating it is not in the charts to do that.
Here is the small problem I have with the charts…If you set a range for XRP say $1.00 - $5.00 you are ultimately saying that if one company owned ALL the XRP, YES, all 100 billion they would have a Liquidity Strength (LS) from $100B to $500B. Keep in mind there is a very small burn rate on each transaction regardless of amount. This LS does not account for any growth in the economy, the action of messaging and settling, nor the 24/7 365 benefits we receive using XRP. #SWIFT handles about 44.8M messages a day – these are just messages not settlements and only half of what XRP can do. Now let’s say that dollar value for SWIFT is $7T a day (not 24/7 or 365) – if Ripple through its 10 years of innovation and partnerships were only able to grab 30% of SWIFTs value that would be 2.1T in daily value (approx. 13.2M messages). Now you may say that XRP settles in 1 -5 seconds and that the liquidity would be there. Yes, settlements are quick, however if I were to send a $750M transaction with a LS of say $1.00, that is roughly 10% of all that banks XRP. Furthermore, there is more than one client, and no one wants to break that $750M into 750,000-$1,000 transactions (each having a burn rate).
You still want a price prediction – let’s account for ALL the banks globally, all the XRP that has been burnt, all the XRP you and I own, all the XRP given to other large banks and the XRP given to the creators. Now take the XRP that is on liquidity hubs and exchanges and present an amount that represents a range (make it simple). If I had to guess 50 – 75B XRP at any one-time supporting LS. Now spread that across say 300 – 1000 different banks, liquidity providers and governments.
$1.00 * 75B = $75B
$75B / 1,000 (banks) = $75M XRP/dollars for each bank and/or liquidity provider
Assume all big banks will have more XRP and that small banks will use more liquidity providers.
Assume banks and liquidity providers will purchase from exchanges/us.
Assume Ripple has released ALL of their XRP from escrow to get to 75B
(If circulating supply is less than 75B, price per XRP is exponentially higher)
Given LS is roughly $75M per bank, and J.P. Morgan being a top-tier bank moving more than $8T a day and say due to service overlaps with SWIFT and the assumption that Ripple only captured 10% of that market, equaling ($800B) (remember only 75B XRP is out there) $1.00 is not enough to move that kind of money but that should go without saying! This is just cross border transactions, not derivatives, real estate, CBDC (to include but not limited to foreign countries, banks and projects) technical parallels and NFTs. So, is it hard for you to still believe Valhil Capital and their price prediction?
Now, the part you all have been waiting for, my price prediction is anywhere from $100 - $500 near short term (4 -7 months) why? It all boils down to LS if XRP is $100 at a supply of say only 50B that makes an LS of $5T and at $500 that gives us an LS of $25T. This gives the market room to breathe, allows for growth and ensures no one company needs to own billions of XRP to perform day to day operations. Now how and when will this happen? How and when for me are tied together. It has always been what the creators have stated, “A flip of the switch” I say this as I believe there will / has been an evaluation for XRP, like gold. This is how they will price you out, this is what I believe @RosieRios meant when she stated, “The train has left the station” and this is how the governments control the next world of finance! #IHopeThisAgesWell 😂
Let's talk $XRP! A few of you have asked about price prediction, time frames, etc. While no one can predict price, I will say (and I think we all know this) the price of XRP cannot be cheap. What's more, Retail will be priced out of XRP at some point. I see a lot of non-sense online regarding "the price is going to jump and then crash because everyone is going to sell". While that may be your theory...here's mine.
Retail only makes up about 1% of the XRP space. By the time the Fed, banks, businesses, etc. start putting their money into it, that 1% of retail is going to look like a minnow in an ocean! That 1% will not fluctuate the price at all. A large quantity of XRP facilitates a large quantity of banks whilst high price allows for higher transaction with less XRP. There's only so much XRP. That is my opinion.
Times frames. Again, something that cannot be predicted however, with Fednow going live July 20th, I would assume that they cannot be the only one going live. Whatever the Fed does, banks must follow because that is how they communicate back and forth. Whatever banks choose to do, their business customers must follow because that is how they communicate with the banks. This is what I deal with in Treasury Management. "Money movement" and the connections to that money movement.
Allow me to explain further on that. I previously worked for Wachovia in the cash vault. (If you're really behind the times, Wachovia was bought out by Wells Fargo I believe in 2009). In the cash vault they use a system called Glory! I eventually left several years later and then worked at Loomis as the Balance & Auditor in Cash Operations. They also used Glory. Fast forward 15 years later I went back to the initial cash vault to find that they were STILL using the same Glory system. This system was also how Fed shipments of currency could be placed.
What I'm getting at is, I would be very surprised if the Federal Reserve were the only ones going live this Thursday. Throughout my banking career I have noticed that whatever the Fed does, the banks will follow. That's basically the reason why banks close on Holiday's...because the Fed is closed. Banks are for profit, why would any company stop operations because of a holiday if they are for profit? Think about it. Now, could I be totally wrong on this? Possibly and that's going to suck if I am😂however, I have seen a lot throughout my 15+ year career in banking and we are finally entering a new era.
#XRP #xrpcommumity #XRPArmy #Ripple
SUMMARY OF POWELL SPEECH (5/19/23):
1. Inflation "far above 2% objective"
2. Committed to getting inflation to 2%
3. Unclear if rates are "sufficiently restrictive"
4. Failure to lower inflation prolongs pain
5. Will "take time" to lower inflation
Tons of uncertainty ahead.
With respect to the Ledger controversy, I say the following:
1) always choose open source software whenever possible that has been audited by numerous sources on a regular basis
2) security comes from simplicity- Design the smallest possible footprint
3) non-updateable firmware is important when a company makes specific promises about their security model. Yubikey for example follows this concept https://t.co/X7yh4UIsBL while it would be difficult to replicate this idea for cryptocurrencies. Decentralizing the process of updates would greatly enhance security
4) people buy hardware wallets to maximize the personal security of their funds. They don't buy them for daily use or expect an equivalent user experience to hot wallets.
5) the hardware wallet space is the most extreme example of self custody. We could just as easily PGP encrypt some seeds and leave them in Gmail. We choose to use hardware wallets because they guarantee that the private keys stay in one place on hardware that's hard to tamper with
6) don't break social contracts