Good news for the crypto world, XRP gains demand against the SEC
Hello friends, the world of cryptocurrencies woke up with good news since a United States judge ruled that the XRP cryptocurrency is not a security, with this ruling the uncertainty that existed around this lawsuit that was already 3 years old ended. 2020.
Similar demand is held by other cryptocurrencies such as BNB, Binance USD (BUSD), solana (SOL), cardano (ADA), polygon (MATIC), filecoin (FIL), cosmos (ATOM), sandbox (SAND), decentraland (MANA), algorand (SOMETHING), axie infinity (AXS) and coti (COTI). Litecoin (LTC), Avalanche (AVAX), Shiba Inu (SHIB), Uniswap (UNI), Chainlink (LINK) and Cosmus Hub (ATOM), which at the moment have a step in favor due to the sentence given by the judge New York in favor of XRP.
After the news, it is incredible that XRP has had an increase in the value of its price, as we see in the graph above taken from tradingView with an increase of 97% in a matter of minutes, but if we go to logic, the price in the The last 24 hours should have a correction as the bears would be selling all their XRP to take the money from the retailers. This is just a small simple analysis using the logic of the market.
If the judge of the United States was in favor of XRP, which is a commonly used currency, Shiba Inu among other cryptocurrencies should continue on the same path, which could be said that investing in Shiba Inu and the other cryptocurrencies in the long term not It would be crazy, which we are clear about and that this is a triumph for the crypto world and we hope that everything continues at this slow but sure pace.
It should be noted that the news also affected the price of bitcoin, which had a considerable increase in the last hour, reaching 31.5k dollars, so it could be said that the market is dressed in green, except for the price of steem, which after Reaching 0.268 dollars fell to 0.2 dollars at the time of writing this publication, but the market is volatile at the moment, let's hope what happens and what movements occur in the market, which at the moment is very positive.
The SEC is lately trying to end the use of cryptocurrencies in the United States and it has been fighting with them for a long time, although it has not yet had a significant achievement, I think that they will continue to attack until the SEC achieves some objective for the moment. It is in the sights of many congressmen since many are unhappy with the decision-making that they have made lately against cryptocurrencies.
From my point of view, they will last a long time without attacking the big companies in the crypto world and they will dedicate themselves to attacking small projects and protocols as they have been doing before until they begin to attack the big ones. So for now let's rest assured that cryptocurrencies are here to stay despite the constant threats from regulators.
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This is a good news, we hope the price of the cryptomarket begins to boom😀
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