Ripple’s legal battle against the SEC and its potential impact on the crypto market, Bitcoin’s expected April surge, Big Eyes Coin achieves milestones
The ongoing legal battle between Ripple and the Securities and Exchange Commission has sent shock waves through the cryptocurrency industry. The suit, 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 takes a closer look at the potential impact of the lawsuit 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 recent achievements of Big Eyes Coin (BIG), a popular cryptocurrency that is making significant strides in the industry.
The Ripple vs. SEC case ruling: potential impacts on the cryptocurrency market
XRP investors are anxiously awaiting the verdict in the ongoing litigation between Ripple and the SEC. Ripple has always maintained that XRP is not a security, contrary to the SEC’s claim.
A victory for Ripple would lead to the legalization of XRP in the US market, making it available to a wider range of investors. This outcome will potentially result in an increase in the value of XRP, as seen in the South Korean market where there was an increase in trading activity.
However, a loss for Ripple would result in a penalty from the SEC, necessitate registration as a security, and lead to stricter controls, leading to a significant reduction in price. Such an outcome is likely to have far-reaching implications, leading to increased regulation throughout the cryptocurrency ecosystem.
Bitcoin Bulls Continue to Rally
Despite significant losses in 2022 and plunging 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 the previous year, Bitcoin gradually climbed to an average of around $23,000 in early 2023. Bitcoin has seen an increase in its value, surpassing $28,000, as investors have regained confidence in the cryptocurrency market after the banking crisis.
With the current performance, a bullish trend is likely to emerge soon, driving the coin above $30,000. In fact, some experts even expect Bitcoin to eventually surpass its initial price above $60,000.
Big Eyes Coin’s Presale Exceeds Estimates by Raising $33 Million
Big Eyes Coin has exceeded expectations and attracted significant investment, indicating that it could outperform other meme tokens such as Dogecoin and Shiba Inu when it launches. The platform aimed to raise $50 million in the pre-sale and has already raised over $33 million, showing its success.
Investors in the coin have been impressed by the many 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 are valued between $10 and $10,000. Investors can use the code BULLRUN250 to unlock these boxes, which come with a 250% bonus. In addition, the platform offers twenty NFTs that can be collected, minted and traded on OpenSea.
Also, the coin is environmentally friendly and the platform promises to donate 5% of the total revenue to a marine conservatory. This gives investors an opportunity to incorporate environmentally friendly activities into their portfolios.
Ripple vs. The SEC case has been closely watched by investors and industry insiders due to its potential impact on the cryptocurrency market. If Ripple emerges victorious, it will likely lead to the token gaining legal status in the US market, resulting in an increase in value and attracting more mainstream investors.
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