.png){kind=logo}
The court case that has shaken the foundations of the crypto market in recent years is that of Ripple vs. The SEC. The Commission had filed a lawsuit against the company in December 2020 for allegedly raising over $1.3bn without being registered as an authorized security.
There has been much back and forth since the case commenced with Ripple stating that they have never advertised the XRP token as a security because it does not meet the requirements of the Howey Test, whilst the SEC stands firmly that it is. After many years of clashes in the courtroom, the case could soon close, and when it does, the question on every investor's mind is "How will the Ripple effect affect the market?"
We will discuss the effect that political wins or losses will have on the market, in addition to reviewing the possible bull run that is expected for Bitcoin and taking a dive into Big Eyes Coins' latest promotions.
Currently, XRP investors are biting their nails whilst eagerly awaiting a verdict in the case. There has been much pushback from the SEC stating that Ripple and other cryptocurrencies should be regulated, but the case looks to be going in favor of Ripple.
If Ripple wins the case and becomes a security, it will make way for the token to earn legality in the US market and this would greatly affect its price. In addition, the market will also open to more mainstream investors that were hesitant to invest before because of the lack of uncertainty. The company would also see its price rise as more people invest in the token, which we have already seen happen after the surge of XRP trades in the South Korean Market.
However, if Ripple should lose, it will be liable to pay a fine given to it by the SEC and will then register as a security and have stricter control over it which will cause the price to fall drastically. This will be detrimental to the entire ecosystem.
Bitcoin has shown a lot of promise in recent weeks after suffering devastating losses last year and dropping further in value during the banking crisis at the end of February. The crypto giant is once again proving why they are in the top spot.
It saw all-time lows toward the end of last year, averaging at around $19 000 but slowly picked up in early 2023 to average around $23 000. Following the banking crisis, hoards of investors flocked back to the crypto market to put their money into Bitcoin, bringing it up to break through its $28 000 mark.
Based on the current performance of the coin, a bull run is highly likely to occur very soon, possibly pushing the coin past $30 000. Some predictions are optimistic that the coin will soon return to its original price of over $60 000.
Big Eyes Coin has surpassed all expectations of its investors and is rapidly growing, indicating that it will most likely steal the show from fellow meme tokens Dogecoin and Shiba Inu when it launches.
The platform has a $50 million presale goal, of which they have already reached more than halfway, bringing their total up to $33 million. This is a result of the incredible experiences that the coin offers its investors in the form of many lucrative opportunities.
The new Loot Boxes are valued at between $10 – $10 000 and give users a reward of up to $1 million. These can be unlocked by using the code BULLRUN250 and comes with a 250% bonus as well. In addition to the loot boxes, there are also loot NFTs that can be collected, minted, and traded. These are available on Opensea. The coin is also very environmentally aligned. They have promised to donate 5% of their total earnings to an ocean conservatory, which gives investors a chance to add eco-conscious activities to their portfolio.
The Ripple vs. SEC case has been the most nail-biting occurrence in crypto. Many investors are on edge about what the outcome may be and all are hoping for a Ripple win. Should the SEC win, the future of cryptocurrency may look bleak as many coins will fall, however, if Ripple wins, it will pave the way for an incredible growth arc within the industry.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
