Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.

Big crypto news for Ripple (XRP): the well-known cryptocurrency from Ripple Labs. XRP is currently extremely popular among traders and is making giant strides in the crypto market. The coin was traded within a 24-hour period with a volume of almost 4 billion euros and the Ripple price has jumped by 130%.

Various crypto analysts therefore expect a potential explosion in the XRP price that could rise by 1500%. Can Ripple become 1 euro during this bull run?

A dive into the lawsuit between Ripple and SEC

The last week of March promises to be a crucial week for XRP and Ripple Labs. The US Securities and Exchange Commission (SEC) and Ripple have been embroiled in a lawsuit for years. The SEC wants to introduce stricter penalties to prevent crypto companies from violating a certain section of the Securities Act.

In July 2023, the crypto news broke that an American judge ruled that Ripple had violated this section. The company sold unregistered coins, the XRP coin, to institutional investors.

Ripple will argue for a low penalty given what they see as a lack of fraud. The SEC, on the other hand, wants to see a hefty penalty as a deterrent. One reason for this could be to save credibility after the ruling on the sale of XRP. If Ripple actually violated the section of the Securities Act, and continued to violate the rule after the 2023 indictment, it faces a stiff penalty.

The SEC has a March 26 deadline to file a public version of their opening arguments. This letter contains proposed legal and financial sanctions against Ripple and is indispensable to the course of the lawsuit. These sanctions are mainly based on the institutional sales of the XRP coin.

In turn, Ripple Labs must provide a document with financial statements for the past years. In addition, any contracts relating to the institutional sales of the XRP coins must be submitted. A judge previously ruled that Ripple must transfer financial data to the SEC. The SEC asserted that this information is important in determining the penalty. However, Ripple stated that this is irrelevant to the case and that the data is highly confidential. The court ruled against Ripple, meaning the SEC now has insight into all documentation.

The SEC’s continued threat to appeal the ruling on the institutional sales remains a headwind for the XRP price. However, if Ripple can prove that it has operated in a legal manner, and if the outcome is positive for the company, the Ripple price could rise considerably and Ripple could become 1 euro.

Crypto analysts have high expectations for the Ripple price

Despite the lawsuit, several analysts in a recent crypto news analysis spoke positively about XRP’s near-term prospects. They believe that the price of the well-known cryptocurrency will rise and possibly reach a new all-time high.

A prominent crypto analyst, Capt Toblerone, recently sparked a debate with the claim that XRP could rise 1500% before the current bull run reaches its peak. This means that the coin can become €10.00. A considerable increase compared to the current price, which fluctuates around €0.58.

He’s not the only one who has a high opinion of XRP, as seasoned crypto analyst Jake Gagain believes the coin could reach $5.00 in the near future. He mentions that XRP has gone through a difficult period and has not reached its all-time high of €3.84 in 2017. However, this could be broken, especially if the lawsuit between Ripple and SEC turns out on the bright side.

Ripple price very volatile

The XRP price has been volatile in recent days, which is evident from recent market developments. The price recently rose by 15% to €0.74, but fell again after a short time and is at around €0.58 at the time of writing.

The Ripple price is expected to continue to fluctuate, especially in this crucial week where everyone is waiting for the decision in the lawsuit between Ripple and SEC. Traders will keep a close eye on this crypto news and price developments. If things take a positive turn, Ripple could become 1 euro in the short term.

Alternatives to Ripple with enormous potential

However, do you no longer want to wait for the tensions surrounding the lawsuit? Then you can also take a look at promising new crypto coins. These tokens all have the potential to explode in the short term, which could be further boosted by overall market sentiment. We have summarized the most promising options for you below.

Green Bitcoin ($GBTC) – Popular sustainable crypto with its own presale

Green Bitcoin is a new crypto project that is gaining popularity because of the long-term rewards that will be given. Investors of $GBTC can predict the BTC price, with which they can be richly rewarded.

The project combines the eco-friendly Ethereum blockchain with the popular and profitable Bitcoin. The creators introduce Gamified Green Staking, a new model that combines predicting the BTC price with staking $GBTC. This all has very little impact on the environment, because the $GBTC token operates on the Ethereum blockchain.

The presale is live and consists of different phases. The price is currently relatively low, but will increase with each phase. This means you can gain maximum benefit by investing early. It is quickly becoming one of the most famous cryptocurrencies, so don’t wait too long.

Now to Green Bitcoin

eTukTuk ($TUK) – An innovative token makes the world more sustainable

eTukTuk is a new innovative crypto project that aims to make the transition to green energy in developing countries easier. They will develop electric tuktuks for this purpose. These will replace polluting tuktuks, which often still run on fossil fuels. In addition, eTukTuk will also build an extensive network of charging stations for the electric tuk tuks, where drivers can charge in exchange for $TUK tokens.

Investors can stake the $TUK token, earning passive income. A nice addition is that the community can also earn tokens through the Play-to-Earn game, where you have to drive around in an eTuktuk and earn extra $TUK tokens.

The presale is live and consists of different phases. The $TUK token is currently on the market at a cheap price, but will increase with each new phase. eTukTuk is enjoying its popularity and is on its way to becoming one of the most popular crypto coins of 2024.

Now to eTukTuk

5th Scape ($5SCAPE) – AI crypto brengt virtual reality naar de crypto sector

This new coin is interesting for every trader, especially for those who enjoy gaming. 5th Scape is a project that will combine VR and crypto and has developed an innovative ecosystem on the blockchain.

The developers focus on AR and VR, with a big plan ready for 5thScape. The team develops various VR games, as well as VR headsets and AR gaming chairs. The first game is expected in the first half of 2024.

The presale consists of several phases and the price is increased with each phase. The coin can currently be purchased for $0.00215, meaning huge profits can be made for early investors. The final listing price will be $0.01.

Now to 5th Scape

Bitcoin Minetrix ($BTCMTX) – Bitcoin minen via staking platform

Bitcoin Minetrix is ​​a new crypto project where investors can earn free Bitcoin through an innovative Stake-to-Mine system. This offers every trader, even inexperienced ones, the opportunity to earn rewards while watching from the comfort of their couch.

This system takes a refreshing look at Bitcoin mining, offering simplicity, security and saving traders money. By staking $BTCMTX, investors can earn double passive income on both $BTCMTX and $BTC. In addition to the $BTCMTX rewards, stakers also receive cloud mining credits. They can use these credits to claim a share of the Bitcoin cloud mining proceeds.

The presale is live and has already raised over $12.39 million in its first few months. With a hard cap of $15 million, it is on its way to being sold out during the presale. So be quick before the presale is sold out.

Now to Bitcoin Minetrix

Disclaimer: This is a paid article, from a third party. Cryptocurrencies are a highly volatile and unregulated investment. Readers should do their own research before taking any action regarding the promoted company or any of its mentioned businesses or services. CryptoBenelux is not responsible, directly or indirectly, for any damage or loss caused by or in connection with reliance on goods, services or content mentioned in the press release.

Source: https://cryptobenelux.com/2024/03/25/crypto-nieuws-analist-voorspelt-xrp-koers-pump-van-1500-deze-bull-cyclus-kan-ripple-1-euro-worden/



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