Ripple (XRP) CEO Announces Expansion as Gorilix Presale Shoots Up 120%
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
In the cryptocurrency world, there are always exciting things happening. And this week was no exception, with Gorilix (SILVA) and Ripple (XRP) making some significant announcements.
With the turbulence in the cryptocurrency markets lately, it's always nice to see some good news. And that's precisely what we got with the announcements from both Gorillix and Ripple.
Gorilix, a project that is seeking to create a decentralized marketplace for digital goods and services, announced its pre-sale this week. The response so far has been positive, with over a whopping 120% of growth for the project in just the first two weeks. This is exciting news, as Gorillix has been one of the most highly anticipated projects in the space. And with a team that includes veterans from both the traditional and crypto worlds, it's no wonder they are seeing such success.
Ripple, on the other hand, announced its backup plan should the current litigation against it by the SEC go against them. The team has been working on this contingency plan for some time, so it is good to see that they are prepared for any eventuality.
As one of the largest and most popular cryptocurrency projects, Ripple is always making headlines. However, if you follow the company closely, you'll already know that they have been facing some legal issues. Ripple is embroiled in an ongoing legal dispute regarding its sale of XRP and altcoin's status as a non-security, which began in December 2020.
If the SEC vs. Ripple lawsuit goes against Ripple, CEO Brad Garlinghouse has said he will expand the company out of the United States. This can be a significant blow to the United States cryptocurrency
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