XRP Price Prediction Following SEC Ruling - Can it Hit $1?
The SEC vs. Ripple case ended on July the 13th with a huge win for Ripple. This outcome sparked a nearly 70% surge in Ripple's XRP in just 24 hours. Consequently, the domino effect led to a wave of growth among other altcoins.
XRP's value surged to a 1.5 year high following the verdict, earning a top spot on CoinMarketCap's trending list.
Now discussions about XRP reaching $1 are rife, while crypto exchange Gemini considers relisting XRP.
On the other hand, Wall Street Memes, the trending community-backed meme coin with $14.6 million already raised, is projected to skyrocket after its exchange listings, a path similar to Pepe's.
Can XRP Reach $1 Following The SEC Ruling?
Judge Analisa Torres from New York ruled Ripple's XRP not to be a security, challenging the SEC's claim. But institutional XRP sales could still fall under securities, she suggested. This ruling is one step toward a final decision, with both parties expected to proceed to trial.
This judgment is viewed as a small win for the SEC but a huge victory for Ripple investors. It could be a landmark case for the future of crypto.
In response to the ruling, Adam Cochran from Cinneamhain Ventures called it a "big win for XRP."
Gemini announced its plans to relist XRP after the verdict. Also, Coinbase, another giant U.S. crypto exchange, will relist XRP after delisting it earlier due to ‘low usage.’
After the verdict, XRP's price rocketed from $0.45 to $0.93, finally settling around $0.7 at press time. Although the market could pull back in the short term because of its overbought position, XRP's future seems bright.
A near-term decline before lift-off from the immediate support level can also confirm a classic bullish pennant pattern on XRP’s daily chart, suggesting an edge for the bulls.
Ripple's recent legal win and the rebounding crypto market pave the way for XRP to reach $1 possibly. As legal issues recede, Ripple's investor trust is set to bounce back.
In terms of network development, the latest Messari State of XRP report revealed that XRPL is progressing with sidechain efforts, with Coreum and Root Network launching recently.
These developments offer XRPL developers enhanced programmability for exploring security tokenization and metaverse.
With the resurgence of altcoins, coins like Wall Street Memes and yPredict are capturing investors' interest. Early-stage coins can offer even higher returns during a market recovery.
Having Raised Just Under $15M Wall Street Memes is a New Meme Coin with 10x Potential
Finding high-potential cryptos during a market bounce-back can be tricky. Wall Street Memes ($WSM) is one promising project gaining traction in the meme coin space.
Its native token, $WSM, stems from the successful Wall St Bulls NFT collection. It rose to fame as its NFTs sold out entirely in its launch's initial 30 minutes.
The project has over a million social media followers, affirming its strong community backing. As a result, $WSM has secured over $14.6 million USDT in just over a month.
The presale of $WSM tokens is ongoing, with the value of each $WSM at $0.0316 USDT at press time. This price is projected to increase after its exchange listings soon.
Notably, well-known figures like Elon Musk have interacted with Wall Street Memes on Twitter, exposing the meme coin to an audience above 1.1M and signaling the token's potential for broader adoption as it gears up for listings on major exchanges.
To mark its launch, Wall Street Memes plans to host an airdrop event, sharing $50k worth of $WSM tokens across its followers on different social media.
The Wall Street Memes whitepaper highlights a 2 billion $WSM tokens total supply cap. The distribution plan prioritizes the community: 50% of tokens for presale, 30% for community rewards, and the rest 20% for exchange liquidity.
Wall Street Memes could be a new opportunity for those who missed earlier meme coin waves, positioning $WSM as a key player in the meme coin space.
Interested buyers can join the Wall Street Memes Telegram group for the latest updates.
Paving the Way with an AI-Powered Trading Platform yPredict Has Already Raised Over $2.9M During its Presale
Revolutionizing the crypto trading space, yPredict offers a unique AI-driven platform catering to seasoned and beginner traders.
At the heart of this platform is its utility token, $YPRED, which offers numerous advantages to its holders and creates a smooth trading experience.
Currently, $YPRED is available for presale at $0.09 per token, with the price expected to increase to $0.12 in the final phase.
It has secured over $2.9 million so far. The presale allocates 80 million tokens to reach a hard cap of over $6.5 million.
As per the yPredict whitepaper, by holding $YPRED tokens, users can subscribe to yPredict services and gain data-powered insights into the crypto world.
Users can get predictions on the latest market trends that leverage the power of AI professionals and data analysts.
The yPredict DAO, a group of community members, validates these models, ensuring high-quality data for its users.
Using Natural Language Processing, the platform assesses buying sentiments for different tokens. Moreover, it uses chart patterns, AI trading signals, and technical analysis to assist users, all accessible through $YPRED subscriptions.
A standout feature is the Learn-2-Earn system, where users can earn tokens by completing quizzes and tests after studying the provided educational content.
Each new subscription on the platform gives a 10% allocation to $YPRED token holders. They also receive a 15% cut of all swap fees via a staking pool, enabling them to earn an Annual Percentage Yield (APY) and generate a passive income.
Users can join the yPredict Telegram community for the latest updates.
