The U.S. Securities and Exchange Commission’s (SEC) long-running legal action against Ripple has cast a shadow of doubt over the price action of XRP, which is a crucial part of the latter’s ecosystem. This legal tussle has paved the way for newer tokens like NFT Finance (NFTFN) to take center stage and demonstrate its innovative real world applications to prospective investors.
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Ripple vs SEC
Ripple’s chief legal officer Stuart Alderoty recently revealed that the SEC was seeking fines and penalties of up to $2 billion. The lawsuit revolves around Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen who have been accused of illegally raising $1.3 billion via unregistered securities offering by selling XRP.
This questionable sale attracted scrutiny from the securities regulator, leading to the lawsuit which started back in 2020. The lawsuit has had a significant impact on XRP’s value, with every court hearing inducing volatility. XRP followers expect a rally in the event of a favorable outcome in this matter, but if Ripple loses the lawsuit, it could lead to a considerable decline in XRP’s price.
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NFTFN’s Highly Anticipated Token Launch
Amid this legal battle, NFTFN offers its token as a noteworthy alternative for those looking to invest in an altcoin with immense growth prospects. NFTFN is currently in the second stage of its presale where investors are lining up to scoop up the token for just $0.03 ahead of its highly anticipated launch.
NFTFN’s unique selling propositions and strong foundation have caught the attention of crypto enthusiasts and experts alike. Early investors who participated in the first stage of NFTFN’s presale have already made a 20% profit on paper.
What Makes NFTFN So Popular
NFTFN’s innovative solutions are aimed at tackling the challenges surrounding the non-fungible token (NFT) market. With backing from the likes of Polygon founder Sandeep Nailwal, NFTFN aims to disrupt the premium NFT segment and make it more accessible to a broader range of investors.
The market capitalization of the NFT market stood at $10 billion till last year. That figure is projected to reach $230 billion by 2030. As an NFT-centric project, NFTFN is well positioned to capitalize on this explosive growth and witness a significant surge in its value.
Crypto pundits have highlighted NFTFN’s well-planned tokenomics model, and its partnerships with industry titans like Binance Smart Chain (BSC), Google Cloud, and OpenSea.
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