XRP course explodes after SEC decision: Solana, Cardano and other old coins also close strongly-Bitcoin remains behind

XRP course explodes after SEC decision: Solana, Cardano and other old coins also close strongly-Bitcoin remains behind

The decision of the US stock exchange supervisory authority SEC, not to classify XRP as a security, made the cryptom market like a bomb yesterday. The price of XRP then increased by around 80 %. Other coins such as Solana (Sol), Cardano (ADA) and Matic also grew in double digits. Even meme coins such as Pepe recorded profits of around 16 %. Only Bitcoin remained unaffected by the euphoria and only increased by 1.85 %.

The entire cryptoma market has increased by almost 5 % to $ 1.25 trillion in the last 24 hours. XRP was the biggest winner with an increase of more than 60 %. Solana and Cardano also recorded profits of over 20 %. Only the Bitcoin remained behind the expectations, even though a new annual high was reached.

The uncertainty on the market, which was reinforced by the regulatory lawsuits against Coinbase and Binance, led to the Bitcoin being able to expand its dominance to over 50 %. But this picture changes with the decision of the SEC. Other coins become more interesting again and offer higher return options. This was already confirmed yesterday.

The question of whether Bitcoin loses value due to this development can be answered clearly with no. Although Bitcoin's dominance has dropped to 48.5 %, it recorded a new annual high and was spared from course broken. However, it is likely that old coins will perform better in the near future than the Bitcoin. Therefore, a diversification of the crypto portfolio makes sense to spread the risk.

In addition to the top coins, which made enormous profits yesterday, meme coins can also lead to high returns. However, these are highly speculative and can also lead to total loss. Mr. Hankey Coin ($ Hankey) was launched yesterday and was sold out within 9 hours. The trade starts at Uniswap at 6:00 p.m. A similar hype was also generated around the Thug Life token ($ thug), whose pre -sale soon ends. There could be thousands of percent.

The author Manuel Lippitz has been an entrepreneur and investor for many years. After successful start -ups, he now focuses on investing in various assets. He writes about the landlord life on his real estate blog and has been dealing with cryptocurrencies & nfts since 2020

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