馃攳
XRP - MARK CUBAN NO ONE WILL BE ABLE TO BUY XRP AFTER THIS! | XRP NEWS TODAY! - YouTube
Channel: XRP Daily
[0]
what did mark cuban say about xrp is xrp
[2]
still a good investment is xrp going to
[5]
be worth buying this year if you want to
[6]
learn all about it keep watching this
[8]
video to find out more so that you don't
[10]
miss out on an excellent opportunity to
[12]
win a giveaway of 25 xrp tokens at the
[15]
end of this month hey guys welcome back
[17]
to xrp daily the best spot for your
[19]
daily dose of everything xrp and
[21]
cryptocurrency in today's video we will
[23]
talk about xrp's future so be sure to
[26]
stay focused as you surely don't want to
[27]
miss out on this if you are new to the
[29]
channel be sure to subscribe to the
[31]
channel and turn on post notifications
[33]
by hitting the bell so you never miss
[35]
any of our uploads and also enter our
[37]
giveaway now with the intro out of the
[39]
way let's get into our topic for today
[42]
ripple is a real-time gross settlement
[43]
system currency exchange and remittance
[46]
network that was released in 2012. its
[49]
token is xrp which currently has a
[51]
market cap of over 120 billion dollars
[54]
xrp's purpose is to serve as an
[56]
intermediate exchange mechanism between
[58]
two currencies or networks its
[60]
transactions are both cheaper and much
[62]
faster than bitcoin a class action was
[64]
filed against ripple in may 2018
[67]
alleging that it led a scheme to raise
[68]
hundreds of millions of dollars through
[70]
unregistered sales of its xrp tokens
[73]
last year the ussec initiated legal
[76]
proceedings against ripple labs ceo brad
[79]
garlinghouse and co-founder chris larson
[81]
sec chair gary gensler took to twitter
[84]
to engage with the public on that matter
[86]
but the feedback may not have been what
[87]
he expected he wrote if someone asks a
[90]
lawyer accountant or advisor if
[92]
something is over the line maybe it's
[93]
time to step back from the line going
[95]
right up to the edge of a rule or
[97]
searching for some ambiguity in the text
[99]
or a footnote may not be consistent with
[101]
the law and its purpose
[103]
the spirit of the law is about
[104]
protecting investors our rigorous
[106]
enforcement regime is about following
[108]
the facts and the law wherever they may
[110]
lead on behalf of investors and working
[112]
families the sec chair continued this
[115]
includes deceptive conduct by private
[117]
funds offering or accounting frauds
[119]
insider trading market manipulation
[121]
failures to act in retail customers best
[123]
interests reporting violations best
[126]
execution and fiduciary violations or
[128]
any other form of misconduct
[130]
the sec has been under fire for
[132]
providing clarity through enforcement
[134]
instead of setting up a clear framework
[136]
critics include two of the five sec
[138]
commissioners hester pierce and elad
[140]
royceman one of the most popular
[142]
responses to mr gansler's tweet was mark
[144]
cuban the billionaire investor who has
[146]
joined the crypto bandwagon and
[148]
influenced the institutional space how
[150]
about making the lines bright and clear
[152]
so people know what the rules are the
[154]
problem isn't that people are looking
[155]
for gray areas it's that there rarely
[157]
are defined rules
[159]
regulation through litigation traps all
[161]
the people who can't afford a lawyer
[162]
accountant or advisor then a new
[165]
regulatory framework may be around the
[166]
corner as it was recently proposed in
[168]
congress a law expert has already come
[171]
forward stating xrp wouldn't be subject
[173]
to the sec under the pending bill this
[176]
week cftc commissioner don stump
[178]
explained the commodity or security
[180]
question is a fallacy most recently the
[183]
sec's suspicious handling of ripple and
[185]
xrp has triggered an investigation into
[188]
a potential conflict of interest
[190]
the shark tank star and billionaire
[192]
investor mark cuban also shared his
[193]
perspective on what use cases will push
[195]
crypto projects to the industry's top in
[198]
an interview with galaxy digital ceo
[200]
mike novogratz cuban explains how the
[203]
current state of the crypto market is
[204]
reminiscent of the internet in 1995.
[207]
there was a transition back then from
[209]
analog to digital and now it's a
[211]
transition from digital to distributed
[213]
and decentralized and secure the way
[215]
people looked at networking whether
[216]
streaming protocols or javascript as a
[219]
platform to transition businesses
[220]
towards digitally based businesses we're
[223]
seeing that same opportunity with smart
[224]
contracts we're seeing a rush where
[226]
there's a lot of different blockchains
[228]
competing but like then it's going to
[230]
come down to applications and
[231]
implications and integrations so that
[233]
when companies start to put smart
[235]
contracts to work that's when we'll
[236]
start to see things really level out
[238]
cuban says that the best real-world use
[240]
cases for decentralized applications or
[243]
d-apps and non-fungible tokens or nfts
[246]
are yet to be seen in crypto while nfts
[248]
as digital collectibles are a proof of
[250]
concept he thinks business applications
[252]
will unlock the real value of smart
[254]
contracts and nft technology it's hard
[257]
to separate the signal from the noise
[259]
but it goes back to just what you're
[260]
saying i couldn't agree more it comes
[262]
down to utility when people create these
[264]
applications who's using them and how
[266]
and we have yet to see the gold rush if
[268]
you will for business applications an
[270]
nft as a collectible is great and it's
[272]
fun and entertaining but that's just a
[274]
proof of concept smart contracts with or
[276]
without nfts for insurance applications
[279]
for medical applications for textbooks
[281]
for any number of things that you can
[283]
think of those are the holy grails mark
[285]
cuban does known however that specific
[287]
crypto models like the current play to
[289]
earn model could become an excellent
[290]
method for charity fundraising
[292]
xrp fell by 4.85 on sunday following an
[296]
8.03 slide on saturday ripple's xrp
[299]
entered the week down by 16.95 percent
[301]
to 0.8054
[303]
a mixed morning saw ripple's xrp rise to
[305]
an early morning intraday high of
[307]
0.86185 before hitting reverse while
[310]
falling short of the first major
[312]
resistance level at point nine seven
[314]
three three dollars ripple's xrp briefly
[316]
broke through the 23.6 fib of 0.8533
[320]
dollars the reversal however saw
[322]
ripple's xrp fall to a mid-afternoon
[324]
intraday low of 0.772 dollars steering
[327]
clear of the first major support level
[329]
at 0.6737
[331]
ripple's xrp found support to end the
[333]
day at 0.8 levels at the time this video
[336]
was uploaded the price of xrp today is
[338]
point eight three six three two nine
[340]
dollars with a 24 hour trading volume of
[342]
two billion nine hundred twenty five
[344]
million seven hundred fifteen thousand
[345]
five hundred eighteen dollars the
[347]
current coin market cap ranking is
[348]
number eight with a live market cap of
[351]
39 billion 514 million three hundred two
[353]
thousand eight hundred thirteen dollars
[355]
it has a circulating supply of forty
[357]
seven billion two hundred forty seven
[359]
million two hundred ninety five thousand
[360]
seven hundred sixty nine xrp coins and a
[362]
max supply of 100 billion xrp coins
[365]
ripple's xrp left the major support and
[367]
resistance levels untested early on
[369]
ripple's xrp would need to move through
[371]
the 0.8131 pivot to bring the 23.6 fib
[375]
of 0.8533
[376]
and the first major resistance level at
[378]
0.8542 dollars into play however support
[381]
would be needed for ripple's xrp to
[383]
break back through to 85 cent levels
[386]
barring an extended crypto rally the
[388]
first major resistance level and
[389]
sunday's high 0.86285
[392]
would likely cap the upside in the event
[394]
of a broad-based crypto rally xrp could
[396]
test resistance at 95 cents before any
[399]
pullback the second major resistance
[401]
level sits at 0.9029
[404]
failure to move through the 0.8131 pivot
[406]
would bring the first major support
[408]
level at point seven six four three
[410]
dollars into play barring another
[412]
extended sell-off however ripple's xrp
[414]
should avoid sub 75 cent level the
[416]
second major support level sits at
[418]
0.7232
[420]
november was not kind to xrp and it fell
[422]
from a dollar 35 to 89 cents and
[425]
following the gains of leading cryptos
[427]
like bitcoin and ether xrp also surged
[430]
into september but without recapturing
[432]
the high ground it had found in spring
[434]
underlying the trading activity is the
[436]
uncertainty of the ongoing court case
[438]
filed against ripple in december 2020 by
[440]
the u.s securities and exchange
[442]
commission which claims that offering
[443]
xrp violates regulations on unregistered
[446]
securities the deadline for exchanging
[448]
expert rebuttal reports has passed and
[450]
the deadline for expert discovery has
[452]
been moved to 14th january 2022. another
[456]
significant date is 6th of december when
[458]
the sec is expected to be more specific
[460]
about what it is in the ripple contracts
[462]
that it believes created an expectation
[464]
of profits in an interview with cnbc
[467]
ripple ceo brad garlinghouse said that
[469]
the case is making good progress and
[471]
expects it to conclude next year the
[473]
lawsuit has had an impact on the trading
[475]
of xrp in the u.s but the cryptocurrency
[477]
remains active on international markets
[480]
is it possible this confidence has
[482]
helped nudge the price up there is
[484]
potential for the xrp price to rise if
[486]
the court rules in its favor in the sec
[488]
lawsuit however if the sec is successful
[491]
the price could drop it's also important
[493]
to remember that many other factors
[495]
could affect the xrp performance such as
[497]
ripple's partnerships the xrp adoption
[499]
rate and broader crypto market sentiment
[502]
whether you believe those predictions is
[503]
a decision only you can make you should
[505]
always be aware that past price
[507]
performance is no guarantee of future
[509]
returns cryptocurrencies are highly
[511]
volatile assets making them riskier than
[513]
any other investment forms there is
[515]
heightened uncertainty around the future
[517]
price of xrp as a result of the ongoing
[520]
sec lawsuit you should evaluate the
[522]
level of risk you're prepared to accept
[524]
before investing well guys that's all we
[526]
have for you today what are your
[527]
thoughts on xrp do you think xrp has a
[530]
promising future get involved and let us
[532]
know in the comments down below if you
[534]
guys like this video then be sure to
[536]
give this video a big thumbs up also if
[538]
you don't want to miss out on any new
[540]
future videos then be sure to click on
[541]
the subscribe button and turn on the
[543]
notification under this video so that
[545]
you're notified the next time we upload
[547]
a video on the latest xrp and
[549]
cryptocurrency news until the next video
[551]
comes out you can watch our other videos
[553]
about xrp and other cryptocurrencies
[556]
thank you for watching and we will see
[557]
you again in the next video goodbye
[563]
you
Most Recent Videos:
You can go back to the homepage right here: Homepage