XRP Falls Short of $1, But This Coin Can Hit $5, Raises $14.5 Million
Judge Analisa Torres issued a verdict on Thursday saying that US fintech company Ripple Labs did not break federal securities law via its sales of XRP on public exchanges, a huge victory for the firm that sent the price of XRP shooting higher.
XRP/USD was last trading 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, topped out close to $0.95, falling short of a test of the $1.0 level.
But XRP is likely to continue to gather bullish momentum in the coming days, as US-based exchanges like Gemini signal that they are open to relisting the token.
Many US exchanges had delisted the exchange after the SEC claimed that XRP was a security back in 2020 as part of its lawsuit against Ripple Labs.
While XRP could perform very well in the coming days, weeks and months as confidence returns to the market, crypto degens looking for quick exponential gains might instead want to check out the best opportunities in the meme coin market.
Analysts at Cryptonews.com, who spend a lot of time parsing the meme coin space in order to find the best opportunities, have identified Wall Street Meme’s presale as a potential gem.
Wall Street Memes, one of the internet’s hottest retail investing communities, rose to prominence in the meme stock craze of 2021 and has recently been expanding its relevance in the cryptocurrency space with the presale of its new $WSM token.
The success of the $WSM presale, which has raised $14.5 million in just over one month, isn’t surprising given the size of Wall Street Memes’ community.
Not only are there 523k hyper-engaged community members on its wallstbets Instagram account, there are another 214k on Twitter and more than
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