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RE: XLM, ADA, XRP on Fire.. Embracing the Irrationality of Crypto, Going Contrarian
Don't know if they are irrational or not. XRP will be listed on Coinbase soon and they announce bank/corporate partnerships again and again as if it's nothing. I sold it at the last run up and spread the profits to mitigate risk, it's surprising though how it forms a cup/handle pattern and not dropping heavily.
Stellar is their competitor and have less circulating supply + cost of a single coin is a lot less.
ADA? Well, that coin is still a mistery to me.
I get that Ripple is a legit company and has a real world use case with XRP, but we're still talking about a crypto worth over $100 BILLION (not including the total supply), it's a massive valuation. Do I think Ripple is valuable, yeah absolutely. Do I think it has $100 Billion in value, not even close.
Which is why I kind of think that rationality here doesn't really pay off now. That could change at any time though.
Ah, in that sense. Yeah, it happened quite quickly. This is uncharted territory. Honestly, I am starting to not be surprised by anything. Every single day I see a coin with hundreds of millions of $ market cap I haven't even heard about. (While I research a lot) "What's this???" And then I see the 20x,100x, 300x in last few weeks. Like XP coin... We are the early adopters and the numbers are this big already. It's only a matter of years(months?) to see trillion $ market cap for coins.
The hysteria will be insane because the people who got rich last year have friends who want to be rich too. This will spread like wildfire. And you know what's absolutely crazy? People are forced to wait cause the companies can't keep up with the demand. Imagine what will happen to the total market cap when most companies will solve the scaling problems... :D:D:D Wooosh, doubling in weeks.
Please stop. I can only get so hard.
lol