The price of XRP (XRP) surged over 7% yesterday evening after the SEC’s appeal to extend the ongoing court battle with Ripple Labs was rejected. This
The price of XRP surged over 7% yesterday evening after the SEC’s appeal to extend the ongoing court battle with Ripple Labs was rejected.Given that XRP now looks to be on the precipice of an uptrend, investors are already searching for which cryptocurrencies could be next to pump – with the Bitcoin Minetrix project standing out.The SEC had sought to challenge Torres’ initial ruling in July, which stated that sales of XRP to retail customers via exchanges did not violate federal securities laws.
This sharp surge highlights how the prolonged SEC lawsuit has weighed on XRP’s price over the past few years. Although there is still some uncertainty surrounding XRP, the token now looks decoupled from the broader market, which could be good news in the short term.With XRP surging on the news of positive legal developments, investors are searching for which altcoin could see major gains next.
Ultimately, this process allows users to earn BTC rewards for mining while avoiding the need for massive upfront investment in specialized mining hardware.
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