HUGE CRYPTO NEWS!! XRP, BTC, LTC, BNB Surge
we are going to be doing a crypto news and market update.
we just had the crypto space past the two trillion dollar crypto global market cap. we also have a lot of top ten cryptos. beginning to move up i'm gonna go over some huge news with this and other big news so before we started.
all right guys we got a lot going on in the past 24 hours a lot of the top 10 cryptos are beginning to move up we passed the two trillion dollar crypto global market cap over the last 24 hours as well which is just crazy because we just barely broke the 1 trillion dollar and i do think we're very bullish for all of 2021 still i do think it's very possible we go past the 8 trillion dollar crypto global market cap. so i'm going to go over some huge news
we also had binance b b break its all-time high getting close to 400 now um as it's a major competitor to the ethereum blockchain since finance is solving those ethereum gas fees we actually have ethereum moving up as well now at two thousand one hundred fifty dollars a lot of people calling for this to break upwards to two thousand five hundred to three thousand dollars within the next week or so so everything is looking very bullish um.
i definitely think april is going to be great for the crypto space so we did have an announcement with litecoin as well the litecoin foundation on twitter here they did announce uh starting today paypal is allowing users to pay in litecoin.
so massive news here the price of litecoin has started moving up after this um so unfortunately merchants um aren't able to actually accept the cryptocurrency as payment uh paypal just basically auto converts it um during the transaction but this opens up the possibility of uh paypal users paying with cryptocurrency at 29 million merchants on paypal so this is massive adding a lot of utility to cryptocurrencies even if it's auto converted to fiat currency and uh paid to the merchant in cash um it is very possible paypal uh does add more options to this later on uh they only launched with four cryptocurrencies as well so i do believe paypal will be adding some other cryptocurrencies very soon and i do believe the cryptos they will be adding first are gonna be polka dot cardano and chain link possibly uniswap uni token
so they're not going to add binance coin b and b because binance is a major competitor they're actually competing with paypal trying to uh create a payments platform and uh they are the biggest crypto platform in the crypto space basically so pretty much everything in the top 10 i think is going to be moving up in general but i do think specific coins will have higher investment than others uh for instance i do think binance b and b is going to continue performing extremely well polka dot as they do updates uh cardano ada as they do get closer to the gogen mainnet announce more partnerships um i still think eight is gonna be the highest return on investment out of the top tens in 2021.
so i do think if it wasn't for the sec lawsuit xrp would be anywhere from three to five dollars right now this definitely prevented a lot of people from investing in xrp especially with all the platforms that delisted it as well so lots of ripple xrp articles today xrp price surges 55 to a three year high so it's been quite a while since xrp has been this high in price closing in on one dollar uh so it is unfortunate they are in the lawsuit with the sec i think as that lawsuit is cleared up and the day it's lifted it's really going to surge in price but we have no idea when that's going to take place losses can play out over years
litecoin being a pretty undervalued payment coin uh next to bitcoin and then chain link having those oracle nfts i'm pretty bullish on that so once they get closer to actually uh having that live and having use case from that i think link is gonna be exploding in price so we randomly had a ripple xrp explode in price over the past 24 hours of 53 on the seven day this was actually up 45 on the 24 hour not too long ago uh touching 90 cents so ripple did do a tweet here icymi we've announced our acquisition of 40 stake in cross-border payments specialist tranglow details on our recent announcement here so ripple has been acquiring some different companies. that are in their specific niche uh just to expand and grow their user base and uh utility for the xrp token so we did have the cryptocurrency market cap hit two trillion dollars.
now worth as much as apple so we have to consider uh that's not just bitcoin that's every single cryptocurrency out there every coin and token combined at its current price equals the same market cap as the company apple alone. which is pretty ridiculous in my opinion i do think the crypto space is still very undervalued in general and still has massive growth potential so this is a huge milestone and achievement in the crypto space
we just barely passed the one trillion dollar uh crypto global market cap as well now passing two i do think we'll be passing three four and five trillion crypto global market cap throughout 2021 as well like i did state in previous videos if we do look at global market cap the history here. we can see the last bull market had a huge run up mid 2017 but that looks small compared to the peak here when there was a massive retail fomo so in my opinion where we're at right now here around 2 trillion is somewhere in the middle here of mid 2017 and i think we have huge growth potential still and i do think we're going gonna be steadily growing throughout 2021 as more retail investors get in more institutions start buying bitcoin and ethereum.
crypto becomes more accessible in general with visa paypal and mastercard accepting cryptocurrencies and then i do think we'll have massive fomo at some point and peak out and i do think that will be happening sometime in 2022 a lot of people are stating end of 2021 is when uh the crypto space is gonna be peaking and bitcoin will be anywhere from a hundred thousand to three hundred thousand dollars but i do think things are much different this time i don't think we're gonna have a massive uh crash like this the last bull run the crypto space was just not prepared basically everything fell apart and went wrong all at once the transaction times were too long for bitcoin the transaction fees were crazy uh pretty much every crypto platform had to shut down even binance was fairly new at this time and they closed their doors completely to new users just because they were so overwhelmed from new signups and then people by the time they actually got processed uh they couldn't even get in at the price they signed up at so lots of bad sentiment in the crypto space at that time which is what made it crash uh so hard.
so i do believe we won't see as big of a crash as we did in the last bull market as well once we do peek out uh just because there's so much more accessibility and the crypto space is just so much more evolved since the last bull market so i do think there will be a fairly big crash but nowhere near the crash we had uh beginning of 2018 so we will have higher lows as well we're never going to see these market caps again throughout this entire bear market we did have here so we do have some very interesting price predictions from huge companies as well arc invest and jp morgan expect bitcoin to hit 130 000 to 470 000 per bitcoin getting close to half a million dollars per bitcoin there pretty far off but definitely possible so previously a specialist from jp morgan was stating that bitcoin may never pass 40 000 again this was before the tesla announcement that they acquired a massive amount of bitcoin and bitcoin quickly passed that forty thousand dollars. now testing sixty thousand dollars so jp morgan has changed the sentiment. i do believe jp morgan is getting involved with offering bitcoin services.
as well so below in the article here uh meanwhile jp morgan has set a more conservative target at 130 000 per bitcoin which is more realistic as a short uh shorter term target for bitcoin as it would put bitcoin's valuation around 2.73 trillion dollars by itself so for bitcoin to hit 130 000 it would mean bitcoin's market cap alone would have to be past 2.5 trillion dollars while we barely just passed 2 trillion dollars for every single cryptocurrency out there combined so that's pretty far off when you think of it that way. so i'm not holding too too much bitcoin personally but um i do have a small amount i do see higher profits in smaller projects uh that are not as well known uh when someone mentions cryptocurrency the first thing they think of is bitcoin and it takes a much more massive amount of money to push bitcoin up and get the same amount of profits as it does take for smaller projects that are working on huge innovative things with a great team in vision and low market cap.
so more talk about bitcoin price renowned stock picker believes bitcoin will eclipse gold's 10 trillion dollar market cap i definitely agree with this i think bitcoin is much more modern than gold and the younger generations are much more likely to pick up bitcoin and cryptocurrencies than they are to invest in gold and uh we are seeing a massive wealth transfer over the next 30 years as well over 50 trillion dollars is going to be transferred as younger generations inherit their families wealth and everything. so lots of money going to the younger generations the younger generations that grew up on their cell phone uh basically asking google every question they have instead of their parents i definitely think that generation is going to be much more likely to understand crypto and invest in it so i definitely see this happening uh bitcoin passing that 10 trillion dollar market cap eventually of course i think that's gonna happen in a different bull market four to ten years out and not during this bull market. but regardless i see cryptocurrencies continuing to grow throughout the years bitcoin has a proven track record and i think it's only going to continue growing so very interesting topic here snoop dogg did do an nft sale here unfortunately i missed it or i would have picked one up.
so when dog coin snoop dogg hints at future token offering so uh he did tweet out at elon musk that snoop doge is moving me and elon musk gonna smoke one on the moon uh so he did do an nft sale uh pretty awesome bringing a lot more attention to the crypto space so like i said the nft space is really helping the crypto space grow as well lots of artists musicians and uh celebrities are doing nfts and raising millions of dollars. which means more and more celebrities are going to want to do this bringing more attention to the crypto space in general so great things for the crypto space overall and i do think a lot new.