XRP experiences a significant increase in 62% according to the decision of a US court; Altcoins also benefit

XRP experiences a significant increase in 62% according to the decision of a US court; Altcoins also benefit

cryptocurrencies have recorded remarkable growth in the past few days after a US government court has decided that the TOKE XRP from Ripple is not protection under certain circumstances. According to Coingecko, the price of XRP rose by massive 62% and achieved a value of over $ 0.76. This increase has caused a lot of excitement among the XRP fans on Twitter.

but also other old coins, which were recently classified by the US stock exchange supervision SEC, recorded positive developments. The course of Solana (Sol) increased by a remarkable 17% and a total of 32%. The current course of Solana is around $ 26.

also polygon (Matic), an Ethereum-based system, experienced a significant recovery. The course rose by 16% and was traded at $ 0.84. Stellar Lumens (XLM) also recorded a significant increase in 35% and achieved a value of over $ 0.13

other cryptocurrencies, which the SEC classified as safe, also cut off well, if not as strong as the coins mentioned above. Filecoin (FIL) recorded a regular increase of 6% and a total increase of 25% in the course of the month. Filecoin's current market price is $ 4.55. The situation is similar with Cosmos Hub (atom), which recorded a regular increase of 6% and a total increase of 12% in the last 9.60 days. Atom is currently being traded over $ 10.

The court's decision that XRP is not protection under certain conditions was valuable for the entire cryptor room, according to experts. It offers investors and developers urgently needed clarity. Although XRP may not be classified as protection, the problem is now fully addressed. It is expected that there will be further legal disputes in relation to the organized XRP purchases via swaps.

Cory Klippstein, CEO from Swan Bitcoin, called the crypto community to keep caution in terms of events on crypto Twitter. He emphasized that the court did not make a summary statement on whether the organized XRP purchases are associated with collateral. This indicates that further complaints will follow on this topic. Klippstein added that he would expect the exchange of old coins to be successful via swaps as long as it corresponds to the existing rules.

Overall, the developments on the cryptom market are to be considered after the decision of the court in favor of the old coin. Many investors and traders are excited to see how the market will develop and what effects the legal disputes in relation to XRP will have.