On December 22, 2020, the SEC officially filed a lawsuit against Ripple Labs alleging that XRP is an unregistered security. Since then, at press time, XRP has risen over 172% from $ 0.4 to $ 1.09.
Source: TradingView
Head of the digital asset management company to say The movement in the price of the asset is evidence of the value of the XRP community.
“In fact, the value of XRP has almost tripled since the SEC sued Ripple. It didn’t go downhill. It is proof that once communities are established with shared care, they are resilient. “
“It’s not just the XRP community. Check out GameStop or Dogecoin. Resilience. It was community identity and now it matters. This is a fairly new phenomenon. “
At the industry level, Novogratz points out that crypto assets currently represent 0.5% of global wealth.
“That means, if you haven’t invested at least 0.5% in crypto, you are missing a global benchmark. Most organizations stay at 0. When they arrive the rate will go up to 1 and then to 2%…. The cycle has started. “
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Annie
According to Dailyhodl
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
The SEC is reportedly fast-tracking approval for spot Ethereum ETFs, which would allow ETFs to…
Decentralized social protocol Farcaster raises $150m in a funding round. The funds will help grow…
The SEC is likely to approve listing spot Ethereum ETFs as the SEC asked Nasdaq…
ZkSync token generation will be launched soon, with an airdrop anticipated around June 13.
Majuro, Marshall Islands, May 21st, 2024, ChainwireMultipool, a leading innovator in the blockchain and cryptocurrency…
Grayscale has submitted an updated 19b-4 form for Grayscale Ethereum Mini Trust.
This website uses cookies.