🏆Crypotland🌏🌍🌎 is like the never ending 🕹soapopera!🎥 🥉Ethereum🥉 (ETH) has been the second largest market cap coin for years! Now 🥈Ripple🥈 (the banks creation to replace swift technology) has swiped the 2nd position in a downward spiraling market! 😮 Will Ripple become the most sought after "stock like" cryptocurrency in the Land? Lets give CREDIT where CREDIT is due. If the banks do take on this money transferring cost reducing technology will they continue to charge $30 to wire money even when it costs a fraction of a cent to process with the new technology. If they do they will BANK some BIG Bucks! Make sure you claim your gain on your taxes! Looks like Crypto is here to stay! Bakkt goes live Dec 12th, 2018 and now those Future Contracts can be made up to 10years! This solidifies this "DIGITAL ASSET CLASS" as here to stay and time to play Cryptoland! I am a fan! You can check me out on facebook look under Cryptogirl.
Guys, just wanna give you a quick head up on what's going on with the market today, so I'm on the control panel in Cryptoprophecy. I want to make sure you guys can see what I see once in a while, so check this out. Bitcoin, the market cap, that's gone down. I wanna say a while ago it was about 112 billion. We've definitely dropped the market cap in bitcoin by ... looks like 12, 18 billion dollars. The dominance is still about 52% over the entire market cap, meaning 52% of the money that's in cryptoland is still in bitcoin.
But, check this out. This spreadsheet ... I call it the control panel, it's in market cap order. Ethereum has always been on top of Ripple, but look. Ethereum lost its steam. Look, it's 17 billion. Ripple is ripping it up at 19 billion, so even though the price ... look at that, the price has not moved much, just know that there is movement in the market. Now, Ethereum has about 17 competitors right now, so you've to be gentle with Ethereum. It has over 1,000 projects built on that platform. There are some competitors. If you guys wanna see a video about what's going on and who are the competitors of Ethereum, put something in the comments below and I'll see when I get time to jump on that.
Just notice Ripple. Ripple is the banks, okay. Anybody that's been in crypto for a long time, they're not much of a fan of Ripple on an ethical and moral basis, 'cause it doesn't always stand for what crypto is supposed to be created for. However, if you're in this space to make hardcore cash, that would be a good place to be, alright?
Right here we have the all-time highs. Sometimes I feel like a football newscaster, right? But, it's like the Litecoin EO stellar-caster. This is my football game here. Check this out. This is my favorite part of this creation that I created. The all-time highs. If you jump in now, and it goes just to the all-time high, which was last January 7th, how much could your money grow? That's about a four ... less than four times, let's say a three and a half times multiplier to get back to the 20,000 that it was, with the price that Bitcoin is now. But, look at Ripple, $0.49 versus $3.38, you have Ethereum $1.69, that's amazing.
What you're looking at, just so you guys don't have the control panel, is the green price drop. I was new to this a few years ago and was just annoyed at having to look at 50 million different charts just to get the heartbeat of cryptoland, so I had a programmer pull some API, this is telling me three steps down, and the red is telling me three steps up, when it comes to the price. What you have ... let's kind of find some ... it seems like a sea of green, which is good for buying. It was to protect me from FOMO, which means fear of missing out.
Sometimes Ripple would be like "Oh my God, Ripple's doing so good, it's amazing," and then suddenly it's like "Oh, no, I bought it on the all-time high," and I was stuck in the dumpster, the downward dip, right?
Wow, okay, what is this? This, the pink, the light pink, let's go back up to the link. The first step up. If you're looking at the ocean and you're trying to catch a wave, you may say "Oh, MOAC is starting to go up." It's in the first step up. Now, Factom, that's a dark red. The dark red means that it's three steps up, so an overall perspective. 80% it went up in the last 7 days. Holy smack down. That is some major movement. But, look at the all-time high is 76. Dude, there is going to be a time, I feel like its gotta be soon, where we're gonna boom, boom, boom, boom, boom and all of a sudden the multiplier is gonna go up, up, up, up, up, right? Back to these all-time highs.