- The Ripple lawsuit ends triumphantly for the XRP community.
- XRP will no longer be mistaken as a security.
- Other altcoins facing the same accusation can now fight with confidence after this win.
The long-awaited verdict of the XRP lawsuit has finally arrived. Ripple Labs walks victoriously as XRP wins its case against the SEC. This is undoubtedly a huge win for not just XRP holders, but the crypto market and community overall.
Presently, the entire online crypto community is celebrating this massive win for the crypto market and industry. In particular, a conversation sparked on Reddit. The CryptoCurrency thread is already thinking ahead. If XRP got labelled a security and proved it wasn’t can other assets facing the same charges do the same?
The SEC is on a warpath to label multiple cryptocurrencies as securities. Now, with XRP having won the battle, other cryptos facing the same battle can fight with confidence. To name a few Solana (SOL), Cardano (ADA), and Polygon (MATIC) are facing the same charges.
It is likely that these assets will turn over the SEC’s scrutiny and surge in price after winning their battles as well. Already the XRP win is changing the crypto space. Many crypto exchanges that delisted XRP have already relisted the asset.
According to CoinGecko analytics, the price of XRP hit a daily high of 0.86 just after the XRP lawsuit win announcement. Following this significant XRP price surge, similar altcoin followed suit. Specifically, Solana (SOL), Cardano (ADA), and Polygon (MATIC) all surged just a little.
Perhaps after these assets are also declared not a security, they will surge like XRP did. Most crypto market traders say this XRP surge is only just the beginning. In fact, one of the responses on the thread say the traders who DCAd consistently during the bear market will see massive gains.
This returning interest in XRP is further fueled by institutional adoption. Members of the thread expect to sit back and watch the price of these assets, especially XRP to continue to soar.
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