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The ongoing legal battle between Ripple and the Securities and Exchange Commission has sent shockwaves through the cryptocurrency industry. The case, which began in December 2020, alleges that Ripple raised over $1.3 billion by selling XRP without registering it as a security. Ripple has argued that XRP does not meet the criteria to be classified as a security under the Howey Test and has not been marketed as such. As the end of the case approaches, investors are keen to know how the outcome will affect the market, with the possibility of a "Ripple effect" causing significant consequences.
This article delves into the potential impact of the court case on the market, considering both a win and a loss for Ripple. It also analyzes the expected bullish trend for Bitcoin in April and highlights the latest achievements of Big Eyes Coin (BIG), a popular cryptocurrency that is making significant strides in the industry.
XRP investors are eagerly awaiting the verdict of the ongoing court case between Ripple and the SEC. Ripple has always maintained that XRP is not a security, in contrast to the SEC's claim.
A victory for Ripple would result in the legalization of XRP in the US market, allowing it to be accessible to a wider range of investors. This outcome would potentially result in an increase in the value of XRP, as seen in the South Korean market where there was a rise in trading activity.
However, a loss for Ripple would result in a penalty from the SEC, necessitate registration as a security, and lead to tighter controls, leading to a significant reduction in price. Such an outcome would likely have far-reaching implications, leading to increased regulations in the entire cryptocurrency ecosystem.
In spite of facing considerable losses in 2022 and plummeting further during the banking crisis towards the end of February, Bitcoin has witnessed a recent recovery. After hitting all-time lows of around $19,000 in the previous year, Bitcoin gradually climbed to an average of around $23,000 in early 2023. Bitcoin has seen a surge in its value, surpassing $28,000, as investors have regained confidence in the cryptocurrency market after the banking crisis.
With its current performance, it is likely that a bullish trend will soon emerge, driving the coin beyond $30,000. In fact, some experts even anticipate that Bitcoin will eventually surpass its original price of over $60,000.
Big Eyes Coin has exceeded expectations and attracted considerable investment, indicating that it could outshine other meme tokens like Dogecoin and Shiba Inu when it is launched. The platform aimed to raise $50 million in the presale and has already garnered over $33 million, demonstrating its success.
Investors in the coin have been impressed with the numerous lucrative opportunities available on the platform. Users have the opportunity to win up to $1 million in rewards through Loot Boxes offered by the coin, which is valued between $10 and $10,000. Investors can use the code BULLRUN250 to unlock these boxes, which come with a 250% bonus. Moreover, the platform offers loot NFTs that can be collected, minted, and traded on OpenSea.
Moreover, the coin is environmentally friendly, with the platform pledging to donate 5% of its total earnings to an ocean conservatory. This provides investors with an opportunity to incorporate eco-friendly activities into their portfolios.
The Ripple vs. SEC case has been closely monitored by investors and industry insiders due to its potential impact on the cryptocurrency market. If Ripple emerges victorious, it would likely lead to the token gaining legal status in the US market, resulting in an increase in its value and attracting more mainstream investors.
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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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.
