Success for Ripple: The court ruling explodes XRP course and raises questions about the ether course

Success for Ripple: The court ruling explodes XRP course and raises questions about the ether course

ripple court decision makes crypto market react euphorically

Yesterday's court decision that Ripple (XRP) cannot be classified as a securities has provided great euphoria at the cryptom market. XRP had an increase of almost 70% and other coins from the top 100 also benefited from this development. Even Ethereum (ETH) rose to $ 2,000. But what effects does this decision have on the course of Ethereum?

The long waiting time for the Ripple Court decision

It took more than two years for a decision by the court regarding ripple. Yesterday was finally breathed in. Although it is only a part of Ripple, since the XRP coins that were sold to institutional customers could be classified as securities and there will be a new procedure, the most important message for market participants is that the publicly traded XRP tokens are not considered securities.

Ethereum also reacts positively to the decision

Also Ethereum, the second largest cryptocurrency after market capitalization, promptly reacted to the Ripple court decision. The ETH course has increased by almost 6% within the last 24 hours. Ethereum also briefly exceeded the $ 2,000 brand. Other coins like Sol, Ada and Matic benefited even more from the situation, while Bitcoin remained almost unimpressed. The reason for this is obvious.

Ethereum also no securities?

In the past few weeks, Bitcoin has been able to significantly expand its market dominance, since it was never said that he was to be classified as a security. At Ethereum, however, this question was temporarily in the room, since the changeover from Proof of Work to Proof of Stake has awakened the interest of the US stock exchange supervisory authority (SEC).

The Ripple Court decision is directional

Although the Ripple judgment does not mean the end of the discussion about the classification of cryptocurrencies as securities, it seems to be directional. This is the reason why the courses of numerous old coins have increased so much. Nevertheless, the topic is by no means complete because the SEC still has the opportunity to appeal. Nevertheless, much indicates that the judgment could have positive effects on the cryptoma market.

Positive prospects for Ethereum

Despite the positive reaction to the Ripple Court decision, Ethereum did not manage to surpass the annual high that was achieved after the Shanghai upgrade. With a current price of just under $ 2,000, the $ 2,020 mark remains a strong resistance. Only when this is overcome can the annual high of around $ 2,130 be attacked.

mood at the cryptom market improves

Overall, the mood on the cryptomarkt can be described as strongly bullish. The uncertainty of the past few weeks and months slowly subsides because various factors play together positively. The falling inflation, the ineffective efforts of the SEC and constant improvements to the Ethereum blockchain increase the chances of a new all-time high of the ether course next year.

meme coins benefit from the dynamics

Not only did the top 20 coins benefit from yesterday's development, but also meme coins such as Pepe, Dogecoin, Shiba Inu and Mr. Hankey Coin ($ Hankey). The latter in particular has attracted attention with his yesterday's presence.

mr. Hankey Coin ($ Hankey) in focus

mr. Hankey Coin ($ Hankey) showed yesterday that he could have the potential for the next X100 Coin. Within 9 hours, the Presale, in which $ Hankey tokens were sold worth $ 500,000, was completely sold out. The team behind the meme coin has already announced the start of trade at Uniswap for today. There is the possibility that $ Hankey will put the next course jump.

Thug Life Presale ends

Anyone who missed the Presale of Mr. Hankey Coin still has the opportunity to get in this evening at the start of the trade. Alternatively, the Presale of Thug Life ($ Thug), which ends in 2 days. Thug Life Token worth more than $ 1.5 million were currently bought, which indicates high profits in the next week. Thug Life still has upward potential and could achieve similar successes to the spongebob token.

FAZIT

The Ripple Court decision has triggered a positive atmosphere at the cryptom market. Ethereum was also able to benefit, although it could not yet exceed the annual high. However, the situation has not yet been finally clarified and the SEC still has the opportunity to appeal. Nevertheless, the prospects for the cryptom market are positive overall. Meme coins such as Pepe, Dogecoin, Shiba Inu and Mr. Hankey Coin ($ Hankey) can also benefit from this dynamic.