⚠️ XRP STAKING CONFIRMED! THIS IS CRAZY! HBAR, QNT & MORE! IMPORTANT CRYPTO NEWS TODAY!

What is up? I am Crypto Mason and welcome back to the Crypto Mason YouTube channel. Shout out to the Gold Squad. We look for gold in every single aspect of our lives and we always find it. Now we are back today with another market update. The back half of this video is going to be about XRP staking. It's not really staking, but you can make passive income by providing your XRP as liquidity. Uh, the AMM, automated market maker, amendment has just passed, um, and we do have a date. So at the end of this video, we're going to talk about the risks involved with giving up your XRP as liquidity. Should you do it? You know, is it worth it? How do you do it? Um, and when can you do it? Now, this is a market update, so we're going to check out a lot of the altcoins and Bitcoin price action. We're going to talk about how you can make some easy free money, like literally get some free money, uh, in today's video. And then we're going to go over all the crypto news today. So this is what we're looking like, a very mixed day. We have some standout players like Chainlink. I wanted to give a big shout out to all of the Chainlink holders, bro. Nice month here, excuse me, 36% Uh, like 30% in 7 days at $20. Now I believe that Chainlink can absolutely go to $100 probably this year, right? It's already been to $52. I think it can do a 2x from all-time high. That's how, um, bullish I am on Chainlink. So big shout out to the Chainlink holders. The yearly chart looks absolutely insane. Like if you started off this year— or sorry, if you started off 2023 and you're like, damn, I'm gonna add some LINK to my new portfolio, for the year, you are just crushing it right now. Uh, that was $7 and now we're at $19. So just getting in early is the key to making money in crypto. Oh, by the way, drop a like on this video. If we hit 777 likes, I will do a 100 XRP giveaway. Let's look at the Bitcoin chart. Here's the daily Bitcoin chart. You can see, you know, this clear line, bro. Clear line at $49K. Uh, back in March of 2022, we tried to break, uh, the, the, uh, the $49K. We couldn't do it, and now it looks like we couldn't do it again. So this is the— my fresh take on Bitcoin as of today. We're at $42,700. It's not even looking that good. Uh, it's not even looking that good. I, I was expecting some more action after that ETF Um, but we have still flipped $30K right here, uh, this level that used to be resistance. So we're still looking decent. The total market cap, we're at $1.64 trillion. Biggest gainers today: Gnosis, Chainlink. Pretty standard stuff happening. As far as HBAR, look at this crazy formation that we've had. Okay, so we've had a top out here back in February of 2023. Boom, at 9 cents. Uh, and then boom, another top, uh, in, in January now at 9 cents. Uh, and then here in April or March, we had a top at 7.8, and then another 7, around 7.8. It's a very interesting formation that's happening on, on HBAR. Now logically, where do we go from here, right? If we have these formations happening Uh, if this is going to repeat itself, right, we might go up from here, right? We might go up and that would be this little pump right here, and then we go way back down and then have the same exact pump again. It's going to be interesting to see what happens with HBAR. As far as Quant, we're sitting at $100. You know, this is primed for a long in my opinion. I am going to be watching if we break below and into this little area, because sometimes we have those little slip-ups, right, where we go just below, uh, $100. Now, if you want to step up your trading, folks, uh, we have developed a trading indicator company, Patience, uh, patience.io. You can get your membership right here. Trading indicators, alerts, alpha, everything you need. Now Here are 3 coins that everyone should have in their long-term portfolio that have been doing very good. So Flare is one of them, Chainlink is one of them, and Immutable X. Okay, so Immutable X would be a gaming play. I want to encourage you guys, uh, to diversify your portfolio into different narratives. For example, gaming, interoperability, real-world assets, uh, tokenization. So Immutable would be one of your gaming plays, and then these two are interoperability. Flare has been doing amazing recently. Um, I'm assuming it's in the red today because I didn't see it on the top gainers list. Yeah, we're not doing too well today, but one month we're up 81%. Um, also big shout out to LCX. I think I forgot to cover them in my last video, uh, but LCX It has been retracing, it has been retracing a little bit, but this month is crazy for LCX. Um, and luckily this has been one we've talked about for like over a year on the channel. Now we did just sign a new partnership with Blofin, okay? So this is an exchange and this is how you're going to make your free money, your free trading bonus. Uh, $30 in free trading bonus and all you have to do is sign up for Blowfin. They're a newer exchange, um, and they're killing it. They're getting tons of people on here. There's great coins on here, uh, so sign up with the link in the description. That's our partnered link. And then all you have to do is deposit any amount, right, any amount into your Blowfin wallet and put it in the futures account. And all you got to do is hold it in there, um, until February 15th or February 16th. That's all you got to do, and then you're going to get a free $30 trading bonus. Uh, you can't just withdraw the $30, you have to trade with it. But some of you guys, I know you could very— you could really use that, right? So for example, you put in $100 into your Blowfin, then you're going to get $130 when your trading bonus hits. Uh, and then you can use $130 to trade with. So very cool. Offer right there from Blowfin. And then I did want to shout out Fairdesk as well. Uh, Fairdesk, uh, is one of our partners as well. You can sign up with the link in the description. They have up to a $100,000 deposit bonus. So if you're like a millionaire or you're like a multi-millionaire, you can get a crazy trading bonus by using the link in our description there. Okay, now let's keep it moving. Let's get into all the XRP stuff. Okay, so there's not much other news to talk about. We're going to have some segments at the end of the video talking about a new XRP token as well, uh, maybe the first XRP token I'm actually kind of interested in, which is crazy. Um, HBAR tokens I'm a bit more privy to, you know, like SaucerSwap, H-Suite. Uh, there's some new ones that are coming out, coming out, excuse me. However, we gotta put to bed another, another stupid price prediction here. Um, research puts XRP price at $771 if it captures 20% of the projected $50 trillion XRP Ledger volume. So this is based on $50 trillion flowing through the XRP Ledger, which is a lot. And I'm telling you, bro, like world wars have to happen before that happens. Like, insane things and changes in the world have to happen before XRP can get $50 trillion, um, of volume. And that's why, as an XRP holder, it's important that we really look at what's going on in the world with BRICS, with bank failures, with BlackRock. It's important we look at that because all of that depends the future, or determines the future of XRP. What I want to say here is $771 is not happening anytime soon. Do I believe it could happen? Kinda, yeah, it could. It'll take a long time, right? It will need 50 trillion of volume flowing through it. Um, market cap is fake, right? Market cap is stupid. If you don't understand that yet, let me red pill you once again. Here's the red pill, okay? Here's the red pill on market cap. And you know, if you've already heard this a million times, just hear it again. You need to drill this into your brain. Market cap, by definition, is the current price of a token times— multiplied by the circulating supply. That is it, okay? So here we go. So for example, LCX is, uh, is the current price 0.27 right, multiplied by the circulating supply, which is 771,584,751. Sounds like a phone number. Boom. That's how you get the market cap. Now, if I go make a token with a billion supply, right, and then I put 999 million of it into circulation, uh, and then you buy one of those, one of those tokens for $1, and you set the market value at $1, the market cap technically by definition is now almost a billion dollars, right? And that should be in the top 10— or sorry, that should actually be, uh, yeah, in the top 10, right? It should be down here. It should be down here. Now how you know that, that there's something weird going on here is if we go to Coin Paprika, right? If we go to Coin Paprika— and don't worry, we're going to get into the XRP stuff here in a second, this is related to it. Um, if we go to Coin Paprika— what is this? Come on, bro, stupid ads. Uh, if we go to Coin Paprika and we, we look at, uh, where HEX is, okay, the, the token HEX. Um, if we look, it should be in the top 100 right here. HEX from PulseChain, right there. And that's because the market cap is actually calculated at $1.3 billion, but on CoinMarketCap they do not respect HEX enough to actually rank it where it should be by market cap. Okay, so people who think market cap matters in crypto are dumb. Okay, you are not red-pilled yet. You don't make money on the cryptocurrency when the market cap goes up. No, you make money on the cryptocurrency when the price goes up. When the price goes up, it makes the market cap go up. So watching the market cap is extremely dumb. You have to watch the price, and all that matters is what two people back and forth are willing to pay for one of the tokens. That's all that matters. Right? That is all that matters. If every single XRP holder agrees today that each XRP is worth $50, then it's worth $50. But you'll never get there. You'll never reach consensus with that because there's always going to be some idiot who says, no, XRP is only worth 20 cents, man. That's why it's not worth $50. That's— it's simple basic market analysis or, or market psychology. And just how the market works. So with a $771 market cap, the market cap will be blasted out of, out of this world, right? And it'll look impossible, but it is possible. One of the things that needs to happen to the crypto market before XRP can go to $50, $100 is that Bitcoin needs to be surpassed by something. This market cap number And the whole like jail that we are in with market cap psychologically needs to be broken, right? And CoinMarketCap is one of the crypto companies that doesn't want to break the psychological jail that they have everyone in thinking that market cap matters. They don't want to break it. And the— and how they don't want to break it is because they're, they're gatekeeping HEX, right? HEX is not on there. Because technically, if we really rank this by market cap, right, I'm ranking this by market cap. If we really ranked it by market cap, that you could create a coin that would just surpass Bitcoin. But they don't want that, right? They would— they don't want that. They want Bitcoin to be like looked at as, oh, the biggest market cap crypto. So that actually needs to happen. The whole concept of market cap mattering in crypto needs to go away. Right. Also, another red pill: market cap does not mean how much money is in Bitcoin. That's— it's not a calculation of that. This doesn't mean that $836 billion is in Bitcoin. It doesn't mean that, right? It does not mean that. Uh, it's just not a calculation of that. Um, now let's keep it moving here. Excuse me, into another stupid headline coming out of the XRP community. Netflix is going to air a documentary called XRP Unleashed: The Inside Scoop on Ripple and Crypto Regulation. Absolutely stupid. I, I'll bet you guys $500. I'm betting you guys $500. So if I get this wrong and we see a documentary on Netflix called XRP Unleashed I will give you guys $500— excuse me, in a giveaway, I will give $500 away, uh, and it will be in XRP. Okay, this is not gonna happen. It's just not gonna happen, and it's not confirmed. So why are they making a headline that says it's confirmed, right? This is misleading people, and I'm not fudding XRP. I'm giving you the actual truth so that you don't get misled down the wrong path. Right? So people will say like, dude, stop FUDing XRP, stop, uh, you know, making people doubt some of these headlines, stop. And I'm like, dude, I'm just giving you the truth about the headlines. You should really be mad about the idiots that are putting the headlines out as fact. That's who you have to be mad at. I'm gonna use the headlines to get you to click the video, and then I'm gonna give you the truth about the headlines. That's how we solve shit, right? That's how shit gets solved. Now we must talk about the XRP hack that happened. Uh, Chris Larsen, bro, has had $100 million worth of XRP and it got hacked, okay? And he immediately contacted authorities and they— and law enforcement froze the accounts, um, and they're trying to get it back, right? So he had $100 million worth of XRP. These dudes are so rich, bro. So rich, it's unbelievable, these Ripple executives. Now let's talk about, uh, about the, uh, the AMM. Okay, so here is the actual amendment, uh, for the AMM. So AMM means automated market maker, okay? And this is a, a DeFi term, so AMMs are definitely used in DeFi a lot. And this reached consensus of 85%. 85.71%. So we had 30 people saying yay and, and 5 people— or sorry, these are not people, these are validators. So we had 30 validators saying yay and 5 validators saying no. Who's the morons that are saying no to this, bro? Who's the morons? Um, so February 14, 2024 is the estimated time of arrival. So this will be live on February 14th, uh, and we can see all of the validators that said yes. So Ripple.com said yes to this, Bitrue, XRP Scan, which is the website I'm on right now. There's tons of different validators that said yes to this, but then there's these morons over here. Like, what even is this, bro? Data? These guys are canceled in my opinion, man. Don't go to these. Like, what is this? Kick these guys off as validators, man. Why did they vote against this? Uh, that's what I don't understand is why did they— like, what is this? Why is this an XRP validator, right? Get this— get these little weirdos off our, our network. I'm joking, they're, they're cool, but why are they voting no? And you can see a validator for XRP Ledger Labs voted no. Like, is that real, bro? I don't know what type of websites these people have. I'm not even going to go to that one. Now, the first thing is, uh, Ripple X actually found like a, uh, an issue that could prevent multiple AMM transactions from executing in the same ledger, and they've already proposed a, uh, a fix for it. Okay, so there's already issues coming out before this is even out for the AMM. Okay. So they're trying to make sure the AMM performs as intended over time. Now let me tell you something about the Ripple— or sorry, the XRP, um, AMM, uh, and, and XLS-30D. They have some special, uh, mechanisms built into the AMM that are pretty hard to understand. Like, it's kind of very technical, and we try to keep it less technical on this channel and plain English. Um, but one of the dudes that writes amazing threads on this is, uh, Panos. Okay, so Panos, uh, Panos Mech is a must-follow in the XRP community. Um, and he talks about how these actually work, um, and how, how these actually do what— how does it actually give you passive income, right, if you provide liquidity. So the basic The basic thing here is that you're going to take some of your XRP, you're going to give it to a pairing. So meaning XRP against Bitcoin, or XRP against a stablecoin, or XRP against Ethereum, right? And, and those are called pairings. And you can actually look at these pairings. So if we go XRP-ETH, right? So here's an OKX chart. And it looks vastly different, right? Here's the, here's the value of 1 XRP against 1 Ethereum. This is how it looks, uh, and it has just been tanking, uh, ever since 2019 there. So this is the value of 1, 1 XRP against 1 ETH, um, and this is important to understand because all of these people, they hate on the US dollar so much, but then they wake up and they value their crypto in it. If we don't care about the US dollar and think it's going to zero, why are we valuing all our crypto in it? So we need to value it in something else. Okay, so basic gist of the XRP-AMM is you're going to provide your XRP to one of these pairings, so something against XRP, uh, and then in exchange for doing that, you're going to earn some of the trading fees that happen within that pairing. Okay, that liquidity pool, that's how you earn. Okay, now he explains right here why you should participate in the AMM, because something like this only works because people are participating. Now let me go and show you SaucerSwap, right? So Hedera also— Hedera already has this going on. They already have this going on. So you can go to liquidity, right? and you can provide liquidity to some of these pools. Here you go, right? If you provide liquidity for HBAR against HBARX, you're making 4.91% APR. And, you know, you can, uh, you can probably sort by APR here. Yeah, so if we sort by APR, right, the highest one you're gonna get is 186% APR on HBAR against oil. I've never even heard of that. And then you can go down the, down the line. And it's, it's crucial to look at how much liquidity and how much volume is actually going through these, right? So you can also sort by the, the amount of fees in 24 hours. So honestly, the best pairing that you should go with here is USDC against HBAR because they've generated the most fees and they have one of the highest APRs. They have, uh, one of the highest liquidities as well, one of the highest volumes. That's the one you're gonna go with. So with the XRP AMM, I hope that somebody designs a beautiful UI, uh, like SaucerSwap has. Like, SaucerSwap is, is awesome, right? They got a great UI here. They're showing the volume of the pools. Like, this is what we need for XRP, and they don't have this yet. So HBAR is ahead of them in that way. But this is that— this is that— like, this is happening, right? So one of— so here we go. Why, why you should participate in the AMM. You may have heard of impermanent loss. So everyone wants to hear the risks about why they shouldn't put their XRP to the AMM. One of the risks is impermanent loss. So this means that the token value, uh, either goes down or up during your, during your, uh, providing of liquidity. So if you're providing liquidity and, and the token, uh, goes down or it goes up, you know, your tokens that you're earning are, are fluctuating in value, and the tokens that you've put in are fluctuating in value. Okay, uh, So you might think that whenever A goes up, it's better to move some into B that stayed the same or went down. Asset B is now more appealing to invest in because it hasn't pumped much or has maybe gone down. Investors call this taking profits. In the case of AMMs, it's automated. So the AMM kind of balances it out right now. If you don't care about, you know, like short term, you don't care about impermanent loss because if you believe in XRP long term, you just put it, you provide liquidity, and whatever you earn, you earn if you're accumulating more XRP tokens. Now, one of the other risks you can have here, um, is where you're providing liquidity from. Which wallet are you providing liquidity from? Because if you're using a hot wallet, right, a software wallet that is vulnerable, more vulnerable than a cold wallet or like a Ledger or hardware wallet, if you're using that, technically your XRP is more at risk, right? So in order to use most of these protocols, you're going to have to have your XRP on a hot wallet. So that does— that's a risk, uh, that's a risk again. Um, and then, you know, there can be some risks of like these pools like getting too illiquid. So just, I recommend going with— when this comes out I recommend going with like the XRP against Bitcoin pair or the XRP against US dollar pair. Don't mess around with like random, random other ones, okay? So that's a little bit about this, and you'll be able to start doing this on February 14th. I will definitely put out a tutorial on how to do it. Um, you earn money from trading fees. Everything is on-chain, so you can track everything. Um, and you know, it's, it's pretty crazy. It's pretty crazy. And keep in mind, the money you make from that is taxed as income. Taxed as income. This person says, oh boy, it's confusing. It's gonna take a lot of time for this to be lucrative to the normal person. If you're not willing to put the time in for anything, you don't deserve anything lucrative, okay? It's just how it goes. Lucrative things do not just get given to undeserving lazy people, right? So that's my first point. You are gonna have to put the time in to understand this. And clearly, if you're still watching right now, you are— you're of the caliber that you can actually do this crypto shit, right? People who bail off in the first 2 minutes of the video, they're not built for this, right? So you're watching and you're here. Uh, now the other thing that, that really contributes to this is— and getting this to the masses— is building a nice UI like this. This makes it really simple when you can see everything, right? You can see, uh, that the liquidity for HBAR this month has been going up, right? You can see all the pools, and it's a clean, clean layout. Now, one of the tokens we've partnered with on this video is CTF token. Now this is the first XRP token that I'm actually, you know, kind of intrigued by, and I'm like, whoa, they're building something, uh, awesome on the XRP Ledger. This is blockchain-generated passive income, a community-driven innovative network and platform where your money actively serves you. Okay, so they're currently on QuickSwap, SushiSwap, FloozSwap— I've never heard of that one— Zoom, and Sologenic, uh, and then xMagnetic as well. And this is called the Crypto Trading Fund. Okay, so you can follow them on Twitter. Uh, very interesting what they're trying to do here, and they're already getting some good listings. As of January 29th, they had over 1,000 XRP Ledger wallets in the last 8 days, uh, and they're doing very, very good, actually topping the charts here, uh, on XRPledger.to. Now unfortunately, the presale is already over. However, um, you're still pretty early, right? So the XRP Ledger is integral to the crypto trading funds, starting with the upcoming multi-chain NFT marketplace that accepts CTF tokens on XRP Ledger. CTF tokens on XRP Ledger generate passive income with 1% of every sell transaction distributed to holders through an autonomous system. Details on the bridging mechanism will be shared later. Um, so very, very cool project here. Big shout out to them. Uh, and this is one of the only ones on XRP that has piqued my interest so far. Now, last thing we've got— where the heck do you do your crypto taxes, folks? You've got to do them somewhere. CoinLedger, uh, link in the description, uh, is one of the sponsors for today's video. DeFi and NFT support. You can connect any wallet, any exchange to it. Also, you don't even have to buy it until you try it, so you can try it first and then purchase, uh, purchase the, the software. Okay, so you just simply link all your transactions. This is going to easily give you the exact amount of taxes that you need to pay. So make sure you go to the link in the description, uh, check them out. And they got some free guides too, so if you're learning or if you're trying to learn based on your country, right? They have Canada guide, US guide, Germany guide, all of these different guides. They're aiming to be the one-stop shop for any country to get your crypto taxes done. So big shout out to them. That is all we've got for today's video. I love every single one of you. Drop a like and comment, join the Gold Squad Discord, and goodbye.