XRP Has Surpassed Cardano and Solana To Become The 6th Most Valuable Cryptocurrency.

After a 20% gain, XRP has risen above the two biggest Ethereum’s rivals.

XRP

According to CoinMarektCap, the Ripple-affiliated cryptocurrency XRP has overtaken Cardano and Solana to become the sixth-largest cryptocurrency by market capitalization.

The cryptocurrency has gained 20% in the last 24 hours, considerably surpassing other major cryptocurrencies.

Despite the current market sell-off and the uncertainty surrounding Ripple’s legal dispute with the US Securities and Exchange Commission, XRP is up 5% this year.

According to Fox Business’ Charles Gasparino, the lawsuit is expected to last far into the summer. He went on to say that the publication of the Biden administration’s executive order on cryptocurrencies might tilt the scales in favor of the SEC by “possibly” designating the contentious token as an unregistered securities.

According to reports, the expert discovery phase was recently extended until February 28 at the request of both parties. Due to the delay, more depositions have been held.

XRP vs SEC

Ripple general lawyer Stuart Alderoty recently requested the SEC to expedite the Ripple lawsuit.

Ripple CEO Brad Garlinghouse and co-founder Chris Larsen’s simultaneous applications to dismiss the case have yet to be granted by US District Judge Analisa Torres. The court has still yet to rule on the SEC’s request to dismiss the defendants’ main “fair notice” claim. In order to boost its efforts, the regulator has submitted two letters of supplementary authority.

Due to the Ripple lawsuit, XRP fell 70% in December 2020, prompting exchanges to cease trade in the United States. Despite its recovery, the token remains one of the few major currencies that failed to set a new all-time high during the most recent bull cycle.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

Coincu News

Victor

Recent Posts

Bitcoin, Ethereum, And Solana Lead Crypto Market, But Not For Long With New AI Altcoin With 30,000% Potential, Expert Says

Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) dominate the crypto market, but experts warn that…

1 hour ago

Dogecoin Price Prediction: Will DOGE Ever Hit $0.7 Again? Why ETFSwap (ETFS) Is The Best Alternative For 100x Gains

Discover the future as the Dogecoin price aims for a $0.7 comeback and discover why…

4 hours ago

Step into BlockDAG’s Presale Frenzy This November: Secure a Massive 100% Bonus with BDAG100!

November is the perfect time for BlockDAG's huge presale. Use BDAG100 to double your purchase.…

6 hours ago

OpenSea New Version Will Be Launched In December

OpenSea new version is scheduled to launch in December, with an improved user experience, improved…

6 hours ago

This website uses cookies.