XRP doesn’t hit $1, but this coin can hit $5, raises $14.5 million
Judge Analisa Torres delivered a verdict on Thursday saying that American fintech company Ripple Labs did not violate federal securities law through its sales of XRP on public exchanges, a huge win for the company that sent the price of XRP soaring further.
XRP/USD last traded at its highest levels since April 2022, just above $0.80, up around 70% on the day.
The cryptocurrency, which powers the layer 1 XRP Ledger blockchain, broke above near $0.95, below a test of the $1.0 level.
But XRP is likely to continue to build up bullish momentum in the coming days as US-based exchanges like Gemini signal that they are open to re-listing the token.
Many American exchanges had removed the exchange after the SEC claimed that XRP was a security in 2020 as part of its lawsuit against Ripple Labs.
While XRP could do very well in the coming days, weeks and months as confidence returns to the market, cryptocurrency seekers looking for quick exponential gains might want to look at the best opportunities in the meme coin market.
Analysts at Cryptonews.com, who spend a lot of time analyzing the meme coin space for the best opportunities, have identified the Wall Street Meme pre-sale as a potential gem.
Wall Street Memes Raises $14.5 Million
Wall Street Memes, one of the most popular retail investment communities on the internet, rose to fame in the 2021 stock meme craze and has recently been expanding its relevance in the cryptocurrency space with the pre-sale of its new token. $WSM.
The pre-sale success of $WSM, which has raised $14.5 million in just over a month, is hardly surprising given the size of the Wall Street Memes community.