Crypto Chaos: Which Token Will Survive? 😱

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It is a curious thing, this modern obsession with numbers and airy nothings. One hears talk of ‘market capitalization,’ as though a sum could truly capture the weight, the soul, of a thing. And these ‘cryptocurrencies’…Ethereum, XRP…they rank amongst the largest of these phantoms, numbers two and three, they say, in this peculiar accounting. A grand parade of digits, but do they reflect true worth? One doubts it.

On the twenty-third of September, a Tuesday, Ethereum boasted a capitalization of five hundred and six billion of those American dollars-a sum large enough to stir envy in certain monarchs, yet utterly meaningless in the grand scheme of things. XRP, less impressive, yet still substantial in its emptiness, managed one hundred and seventy-two billion. Bitcoin, of course, remains the leviathan, a monstrous two and a quarter trillion. A rather vulgar display, wouldn’t you agree? 🧐

And to what purpose is this measuring? It is said that were Ethereum a company amongst those Americans, it would stand second, surpassing even the oil barons of Exxon Mobil and appearing quite close to those purveyors of moving pictures, Netflix. What a world we live in, where fabricated value surpasses genuine enterprise! One can only shrug and observe the folly of man.

Ethereum, it appears, overshadows institutions such as Bank of America, the Chinese Industrial and Commercial Bank, and Wells Fargo – institutions built on land, properties, and the sweat of laborers. A curious inversion of values, indeed. XRP, for its part, manages to eclipse BlackRock (a name that evokes images of soulless calculation), SoftBank, and Charles Schwab, all entities preoccupied with the accumulation of wealth. Are these measures of progress, or merely symptoms of a deeper societal malady? 🤷

Concerning These ‘Moving Averages’…

There is much talk of ‘moving averages,’ these attempts to divine the future from the past. One calculates the average price of these digital tokens over a span of days – ten, twenty, a hundred, even two hundred! – and then declares, with an air of profound insight, whether one should ‘buy’ or ‘sell.’ It reminds one of fortune-tellers, peering into tea leaves and prophesying doom or prosperity. TradingView, a modern oracle, declared Ethereum ripe for purchase, all its averages falling in line. But XRP…ah, XRP showed a certain hesitancy. “Cracks in its wall,” they call it. A crumbling facade, perhaps?

A minor calamity occurred on the twenty-second of September, a Monday, when the entire market experienced a…correction. Over a billion and a half of those dollars, vanished! So much for the certainty of these calculations. Such volatility! One begins to suspect these riches are built not on solid ground, but on shifting sands. 💸

ETFs and the Illusion of Security

As September draws to a close, there is a flurry of activity surrounding these ‘exchange-traded funds’ – yet another contrivance designed to separate fools from their money. Ethereum has seen some interest, though after a precipitous decline. XRP, meanwhile, briefly rallied upon the debut of its first ETF, only to fall back into disfavor. A classic case of ‘buy the rumor, sell the news,’ as the Americans put it. It appears that if XRP follows the pattern of Ethereum then it is set for a period of further decline and further disappointment.

Thus, one is left with a profound sense of skepticism. These cryptocurrencies…these fleeting numbers…they are but a distraction, a symptom of a world lost in its own cleverness. One would be better served tending to one’s garden, fostering genuine relationships, and contemplating the eternal verities. But alas, few will listen. They are too busy chasing phantoms. 🙄

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2025-09-23 11:40