What is going on snipers Nayeem a little baby here, I hope all of y'all are enjoying your day today
Let's just dive into our daily cryptocurrency market update for today
We're gonna be looking at ripple
And why it may be potentially seeing a price pump soon due to an announcement on April 3rd of MoneyGram partnering with?
Walmart, if y'all don't know Walmart's actually creating this whole new service called Walmart to world
It's a payment transfer service and ripple is partnered with MoneyGram
That was announced early in 2018 and now MoneyGram. Just announced this partnership with Walmart
This is a big deal because number one not a lot of people know about this yet
But number two Walmart is one of the largest retailers in the world so we're gonna talk about how that may affect
ripples price as well as other tokens that I'm excited about and
Then one of the most important things that I think this video is going to broadcast which is the relationship of?
Bitcoin and altcoins in today's market, and how that could significantly
alter your perspective on how you
manage your portfolio in
2018 because I'm seeing a lot more opportunities in all coins that I'm seeing in Bitcoin right now
And we'll actually look at this chart that we've seen over the past couple of weeks
But I want y'all to really notice here
If y'all don't understand this chart of orange is Bitcoin the silver is altcoins and traditionally as you all know all coins
Acted in an inverse relationship to Bitcoin where they would go down in market capitalizations as Bitcoin would go up
But on march 18 that shifted you see how all coin dominance started to go up
Alongside with Bitcoin well why is that important, so I went ahead and did a little bit of research
I gathered data from coin market cap and these are the past 7 days of performance for all these coins
and I went ahead and highlighted all of the coins that had either over 10 percent gains in the past 7 day or
Over 10 percent losses in the past 7 days because remember you want to buy in the red and sell in the green so sometimes
if we're looking for opportunities
We're looking for things that are in the red, and we're looking for
Patterns we're looking at what's in the Green at this point?
And why so why are all the coins over 10-percent the past seven days past the top 15 well
I think it has to do with this whole market cap shift that we're seeing you can see as well the largest gainer here is
ontology followed by Burj at over 70 percent
And then we have other really intrinsically valuable coins like a misko the finance coin Steve
Over 10 percent gains so if we're noticing a trend
Most of these coins have intrinsic value to either have you test that a Manman?
Launched or they have some sort of prototype being used and then the coins that I'm seeing that are down
Over 10 percent right now our Zilla kheh digits doubt and then Walt enchain, and I wasn't trying to go past the top 50
But one chain in my opinion is an awesome project and we're gonna be looking at why this is the way it is now
Silica and Walton changed one chain our projects that I'm excited about personally because they are both blockchain application platforms
And if you all don't know blockchain applications are really where there's a lot of intrinsic use case right now in the market
therefore we know it's a good investment because of that intrinsic value so looking at
Silica and Walton chain if we were to pull out Walton chains technical analysis
You can see this contracting falling wedge that has been forming since December's pumped
But what's cool is now?
We're starting to see it approach these known support levels of
where the price was prior to the huge December pump and in my opinion that's a great thing to know because
Also, looking at the RSI anything under 40 would be considered bearish, but it would also be considered oversold
which means they were these these are really good places to get position so
Knowing that we're under these levels you can see how we're not totally going all the way down to that 30
You can see we're seeing some strength along these higher lows and in my opinion
This is going to bring the RSI past miss Marris own and as soon as it hits that neutral zone in my pan
That's gonna show a lot of strength for Walton coin, and that's why I like this technical analysis
I see a potential reversal soon matter of fact
Silica has recently seen its reversal
See how this had a very similar pattern
I also draw the I drew the channel out and as it started to
Consolidate it had gotten closer to the apex
finally breaking past that and in my opinion this right here was the bullish sign that we're now in a zone for silica to
Start seeing some potential strength and an increase in volume as you can see buying volume
Steadily increasing as time progresses so very good coins in my opinion very good places to invest up something
I want to transition to a really interesting article here that I saw about the Rockefellers three billion dollar venture capital firm
and why is this important well understand, this is a
Institution right and we're talking about institutional money coming into the market and when is that going to happen well?
Understand that this is one of the most successful
Institutional entities
In the market because they've had such a resounding portfolio in the past you can see here
They started with a million dollars in their fund now taking that to over three billion dollars, and this is the John D
Rockefellers family that runs this which y'all don't know john d rockefeller one of the most prominent humans in history a great entrepreneur an
innovator
If y'all been to New York on the Rockefeller building shout out to y'all, but you can see here
these are actually very important points here at one point mentioning in this article the
Projects that this fund has actually invested in the past like Intel and Apple being extreme
Successes for this company and this was before they were even household names
So they're known to invest in successful startups
Another two examples would be nest in Dollar Shave Club
If y'all don't know Dollar Shave Club in five years sold for a billion dollars recently
So that was a project that started with a YouTube video and that turned into a huge billion dollar corporation
So they're very good at finding these early startup stage investments, and what's awesome is
They're saying that crypto in their opinion is gonna be a huge space in the future
They see it as a bullish sign. They also say that because they're looking into investing in cryptos
It's gonna lead from in to many venture capital firms allowing
Crypto investments or at least seeking interest in them and what's awesome is. They're saying they're not interested in the short-term games
They're only interested in the long-term gains which is
Awesome because they kind of have the mindset that we're shifting to which is what are these good opportunities in this market?
What coins are intrinsically valuable and undervalued right now and how can we get a position in those and that's what in my opinion?
They're looking for another article here
I'm not gonna touch too much on it, but a recognized Invents investor George Soros trading Bitcoin and cryptocurrencies now
You can see finally got internal approval which he's been seeking for the last couple of months so while we've been in this bear market
We've got billionaires looking to get approval to invest in this market
So what does that mean well overall in my opinion that means that it's just like what we've expected over the past couple of months
Institutional money has yet to come into this market
the dot-com bubble over three trillion dollars in
That market valuation in today's market evaluation that would be over 10 trillion and this bubble has only really peaked out
Under a trillion, so what does that mean well Main Street has come before Wall Street Wall Street has not come yet?
And now we're starting to see Wall Street's interest in the market
That's a positive sign because that means there's gonna be an influx of money coming into the market so to transition into ripple
Looking at the technical analysis first and foremost also
Consolidating towards the apex of this wedge what I'm liking about ripple is the fact that the RSI as y'all can see has been
Pretty low over the past couple of weeks
And we even saw this shortly after the drop in December and in my opinion
Anything under these levels are really good places to get positions
But I'm expecting some further consolidation
Just being the fact that it looks like we've broken the support levels that we had initially around
72 cents now around 50 cents and rickles never really seen
Constant price action around 50 cents if you all don't know how ripple acts in
traditional ways it typically just goes like this and
Stabilizes in asset price and the reason that's like that is because of its use case
It's a very unique coin and the fact that the reason people use this and institutions use
This is because of the fact that it has liquidity so
liquidity equates to the amount of cash that can pretty much be
extracted from this coin if it were to cash out right now and
Having a lot of liquidity is important especially for a payment transfer service as you want to make sure that the coin
That's being used as an intermediary between the transaction has some sort of value to it so
Looking at this Walmart to world partnership that we've been talking about you can see here Walmart and money grant partnership could pump ripple XRP
MoneyGram partnered with ripple testing out ripples X rapid payment solution
Which has allowed them to create this transaction
Transfer across borders that has been secured fast and cheap in comparison to traditional
Money transfer methods, so what's also cool. Is it says Walmart's world is scheduled for launch in all
4700 US stores that is a big deal especially with ripples back and
Working with all of this technology you can see here
It's the world's largest company by revenue
And what's also cool is the X rapid system that ripple has it uses a digital asset
Which is XRP to offer on-demand liquidity? That's exactly we talked about that liquidity
Having cash being backed by this coin
That's being used as
Intermediaries the most important thing for these banks that are using them because they want to make sure that it has some sort of value
In what school as it says it's built for enterprise use which as you all know is really the first step towards mass adoption
To see their early and late majority phase of mass adoption we need to see
institutions and enterprise use before we see consumer use so
another awesome article here about
Ripple is Apple implementing inter ledger and Safari on iOS VLAN or inter ledger is I actually put a link in the description below?
So y'all know it's a protocol for connecting different block chains, but y'all can read more about that's a very advanced method connecting blockchains
But what's cool is this partnership with Apple has a individual Adrienne hope ballet Li
I hope I said that right from ripple has one of the editors of this article as
They're using ripples inter ledger system
So good news for a ripple on two
Spectrums with Apple and Walmart in my opinion that right there could lead to some sort of hype
pump in ripples price sometime soon
So don't be surprised if that happens as you all know my position with ripple has always been kind of neutral in the fact that
Their coin itself is a coin meant to be used and disposed of as it's transferring money and in my opinion
The intrinsic value of that is only so limited to coins like B & B for example
Which have constant coin burns have very good
Intrinsic value use and the potential for the value to increase as the usage increases
So I like projects like that or the application platforms like silica and coins like that versus
XRP where the coin we know doesn't necessarily get used by every single bank that is partnered with ripples so with that being said
Hopefully y'all enjoyed this update and until next time snipers out
You
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