This Is XRP’s Silver Lining Following SEC’s Appeal in the Ripple Case: Details
The post This Is XRP’s Silver Lining Following SEC’s Appeal in the Ripple Case: Details appeared on BitcoinEthereumNews.com.
TL;DR XRP saw increased social media discussions due to Bitwise’s ETF filing and renewed developments on the Ripple v. SEC front. Aptos (APT) gained traction with its Asia expansion, while Chainlink’s (LINK) recent popularity is tied to SWIFT collaboration. Increased Buzz Around XRP Crypto analytics platform Santiment estimated that Ripple’s native token has lately experienced the highest discussion rise across social media. One element playing a role is Bitwise’s filing for an XRP exchange-traded fund (ETF). As CryptoPotato reported, the company registered the product in Delaware, sparking enthusiasm and anticipation among the community that an ETF related to the asset could be on its way. XRP is also trending due to the US SEC’s decision to appeal a 2023 verdict set by Federal Judge Torres. Back then, the magistrate ruled that secondary sales of Ripple’s token did not constitute securities sales. The regulator had until October 7 to contend, and numerous market observers envisioned the end of the lengthy legal tussle if it had remained silent. The filed appeal, though, means the lawsuit can drag on for a few more years, triggering a fresh doze of uncertainty. XRP’s price reacted negatively to the news, plunging by double digits to a monthly low of approximately $0.51. It slightly rebounded in the past few days, currently trading at around $0.52 (per CoinGecko’s data). XRP Price, Source: CoinGecko The Other Trending Cryptocurrencies According to Santiment, Aptos (APT) and Chainlink (LINK) rounded up the top 3 club of digital assets witnessing the most discussions. Aptos Labs recently showed its intentions to expand its presence in Asia by agreeing to acquire the Japanese non-fungible token (NFT) service provider HashPalette. “Japan is a key market for Aptos Labs. The agreement to acquire HashPalette and the migration of HashPort’s Palette Chain into Aptos are critical first steps…
Filed under: News - @ October 4, 2024 9:23 am