Binance CEO Richard Teng recently said it was “premature” to discuss the exchange’s return in the US.
Ripple’s digital asset is gaining traction in December 2024, generating a stir in the cryptocurrency market. XRP, the third-largest cryptocurrency by market capitalization, recently surpassed Tether (USDT). Analysts and investors alike are growing excited about the possibility for XRP holders to become among the wealthiest investors in the foreseeable future, as indicated by the recent spike. Related Reading: Solana Poised For Growth In 2025 With Record $173 Million Q3 Funding—Report Potential Price Forecasts An analyst has expressed an audacious outlook for XRP, indicating that those who retain the asset may experience substantial returns, which could result in life-changing wealth in the near future. He anticipates a significant increase in the price of the altcoin, with the goal of reaching a price point between $30 and $35 by 2025. #XRP HOLDERS WILL BE THE RICHEST PEOPLE YOU KNOW – HERE’S WHY! pic.twitter.com/k0tc6tCAq0 — STEPH IS CRYPTO (@Steph_iscrypto) December 17, 2024 Based on this estimate, the present price of approximately $2.54 is expected to experience a staggering increase of around 1,277%. A $1,000 investment, for example, may potentially increase to $14,000 if these objectives are accomplished. It is also possible that those who have made larger investments will have the opportunity to become millionaires as the value of XRP continues to climb. This optimism is perpetuated by recent fluctuations in prices. In the last 30 days, XRP registered a solid 124% increase, which coincided with a successful retest of its 2021 peak of $1.97. According to analysts, the demand for the crypto will continue to rise as Ripple expands its partnerships throughout Asia and beyond, further driving up its price. Causes Of Wealth Formation The positive outlook for XRP is due to a number of reasons. Investors have a lot more faith in Ripple now that its legal fight with the US Securities and Exchange Commission (SEC) has been settled. Legal certainty is about to arrive, hence many people believe that using XRP in worldwide banking will hasten the adoption. Since big financial institutions see Ripple’s technology’s ability to transform cross-border payments, institutional interest in it is also piquing. Some wealth managers suggests that XRP has the potential to revolutionize international payments in a manner similar to that of early Amazon. They anticipate a future in which XRP processes trillions of transactions daily, which could result in a price increase of an astonishing $132—a preposterous 23,900% from its current level. Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says Precaution In The Face Of Optimism Still, experts advise caution even if XRP has an encouraging future. Although forecasts are hopeful, they are not guaranteed since the market for cryptocurrencies is somewhat erratic. Analysts emphasize the need of realizing gains as prices rise instead of waiting for a climax that might never come to pass. Their advice for investors: make wise judgments and closely check price swings. Featured image from DALL-E, chart from TradingView
Analysts from Bloomberg have a positive outlook that a score of cryptocurrency-based exchange-traded funds or ETF would get approval from the US Securities and Exchange Commission (SEC) in 2025. Related Reading: Bitcoin Soars Past $106,000 For A New ATH — What’s Driving The Frenzy? Crypto investors might have a lot of options next year when […]
A federal judge has given Eric Council Jr., who pleaded not guilty to compromising the SEC's X account, permission to travel to North Carolina between Dec. 23 and Dec. 29.
The update to the calendar makes it unlikely lawmakers will be able to vote on the SEC commissioner’s nomination before the next session of Congress.
The Nigerian Securities and Exchange Commission (SEC) has rolled out stricter rules targeting influencers promoting crypto-related products without transparency. Under the updated framework, influencers must ensure their crypto clients are licensed by the SEC before endorsing any product or service. Additionally, all promotional content must be clearly labeled as sponsored. Failure to comply will attract […]
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Caroline Crenshaw may still have one more chance to be confirmed for a second term as an SEC commissioner before the next session of Congress.
Exodus will list under its current ticker on NYSE American at the open of trading on Dec. 18
A simple executive order issued on Jan. 20 would pave the way for the crypto sector’s resurgence in the U.S.
A simple executive order issued on Jan. 20 would pave the way for the crypto sector’s resurgence in the U.S.
A letter sent to the Senate signed by more than 40 organizations suggested that Donald Trump might not abide by tradition and nominate Democrats to the SEC at all.
The US financial regulator is soliciting comments on NYSE’s application to list Bitwise’s cryptocurrency index ETF.
Despite the rapidly evolving relationship between traditional finance and cryptocurrency, significant changes are not just based on market dynamics, but also political factors, says Lucas Schweiger.
Following a $1.3 billion merger, Coincheck’s ordinary shares and warrants will start trading on the Nasdaq on Dec. 11.
The Cedar Innovation Foundation launched an attack ad ahead of a congressional committee vote on Caroline Crenshaw’s renomination as an SEC commissioner.
The Dec. 8 segment on the news program featuring Brad Garlinghouse did not mention that a federal judge ruled XRP was not a security in specific cases.
Market participants look to be securing profits, seeing how the XRP price has corrected since its recent parabolic rally. Analyst TheXRPguy has outlined seven reasons why those yet to secure profits should hold on selling their coins, suggesting that more parabolic rallies lie ahead. More XRP Price Rallies Lie Ahead As Analyst List Reasons Not […]
Coinbase chief legal officer Paul Grewal claimed the letters provided evidence that an alleged US government attempt to debank firms “wasn’t just some crypto conspiracy theory.”
John Deaton, the attorney representing over 75,000 XRP holders in the Ripple vs. SEC lawsuit, has voiced strong opinions regarding President-elect Donald Trump’s nomination of Paul Atkins as the new Chair of the US Securities and Exchange Commission (SEC). Deaton took to X to outline four critical actions he believes Atkins must undertake immediately upon […]
Executives from Bitwise, Ripple, and Coinbase voiced their support for former SEC commissioner Paul Atkins to lead the agency after Gary Gensler’s departure.
In the latest round of the SEC suit against Binance, Binance.US and CZ, the agency has largely repeated itself in a form more acceptable to the court.
On the day Republican leader Donald Trump, with a pro-crypto position, was named as the winner of the US presidential election, it became almost certain that crypto skeptic Gary Gensler would lose his job as the chair of the US Securities and Exchange Commission. Yesterday, as expected, the president-elect announced his plan to appoint renowned …
The President-elect called Atkins a "proven leader for common sense regulations."
Following Gary Gensler’s departure announcement from the Securities and Exchange Commission (SEC), new reports claim that re-elected US president Donald Trump is set to unveil his pick for the new SEC chairman in the coming days. Related Reading: Spot XRP ETF Race Heats Up As WisdomTree Files S-1 Application With SEC A New Crypto Era […]
As the cryptocurrency market experiences a price correction, several social media posts claim that President-elect Donald Trump plans to appoint pro-crypto advocate Paul Atkin to replace Gary Gensler at the Securities and Exchange Commission (SEC). However, there has been no official confirmation from either Atkin or Trump’s team regarding these developments. SEC New Chair: Paul …
At the time of publication, the incoming administration had not made any official announcement regarding its pick for SEC chair.
The community has linked the 88% spike in the price of the Reserve Rights token to Donald Trump, who is likely to pick Paul Atkins as the next SEC chair.
Coinbase CEO Brian Armstrong said the exchange stopped working with law firm Milbank after it hired former SEC official Gurbir Grewal.
Ripple’s XRP cryptocurrency continues its impressive rally, recently surpassing Tether (USDT) in reported market capitalization to become the third-largest cryptocurrency, behind Bitcoin (BTC) and Ethereum (ETH). XRP Flips USDT As Crypto Market Cap Shoots Past $3.6 Trillion Alongside BTC, several cryptocurrencies, including Solana (SOL), and Sui (SUI), have shown exceptional performance during the ongoing crypto […]
Donald Trump’s SEC Chair nomination is set to drop tomorrow, and it’s already turning heads. Why? Well, for starters, this isn’t just any routine appointment. Trump promised to kick out Gary Gensler, the current SEC Chair, on his first day back in office—and Gensler has already announced he’s stepping down. So, who’s going to take …