On Tuesday, November 19, while investors awaited news from the Ripple case, rumors about Trump’s nominee for SEC Chair increased. Bloomberg Intelligence Senior ETF Analyst Eric Balchunas cited rumors that Trump is contemplating crypto lawyer Teresa Goody Guillen, a partner at Baker & Hostetler, for the agency’s top position. Trump’s nomination as SEC Chair could significantly impact the agency’s decision to appeal the findings of the Ripple case.
Speculation regarding SEC Chair Gensler’s retirement and an agency reorganization has raised optimism that the SEC may withdraw its appeal. Experts believe Brad Bondi might be the best choice for Ripple and other companies embroiled in legal fights with the SEC. Bondi’s appointment might establish the Programmatic Sales of XRP ruling as a precedent, thereby increasing XRP demand.
What Factors Is Making Ripple (XRP) Price to the Moon?
Future traders have been compelled to take action by XRP’s recent volatility. On Sunday, a record 2 billion tokens, or around $2 billion at the current market price, were open interests in XRP and USD-denominated futures contracts.
XRP, the native cryptocurrency of the Ripple blockchain, makes it easier for companies utilizing the Ripple network to conduct cross-border transactions. Transaction costs on the XRP ledger are also paid using it. Ripple’s growing international alliances for using its blockchain are raising expectations for XRP’s future worth. Ripple was granted a license in Dubai earlier this year.
A few days ago, Ripple’s (XRP) market value reached $1.2 per token, setting a three-year high for the coin. Analysts foresee a huge upside for this coin even though its value is still much below its all-time high of $3.84, reached in 2018.
Floki (FLOKI) Surges 55% in a Month, Poised to Enter In Top 5 Meme Currencies
Floki (FLOKI) has gained attention as the most popular cryptocurrency, something it hasn’t done in months or perhaps ever. The Coinbase announcement has been the primary driver of the token’s impressive performance, which has seen it rise roughly 70% throughout the month and 45% this week.
Over the last week, FLOKI has increased by 19%. It keeps making a name for itself as a top meme currency. Its rising popularity and usefulness are demonstrated by its $2.3 billion market capitalization, which indicates that it is almost ready to enter the top five meme currencies.
Listings on biggest exchanges like Coinbase usually cause significant price increases. However, given that Bitcoin reached all-time highs and the outcome of the US election, FLOKI can have already soared in the weeks preceding this announcement. The current decline of 4% in a daily chart may represent an effective correction, pointing to the possibility of another surge in the future.
The New $0.10 Priced Coin Is More Viral Than XRP and Floki
Users can buy and trade various things at the unique DTX Exchange. It combines two places: one that allows you to be free and private and another that is quick and secure. You may purchase and sell more than 120,000 items on the DTX Exchange.
When trading, you pay lower prices if you have DTX tokens. Voting allows you to influence the platform’s growth and receive better information. Staking your tokens or putting them aside to obtain more later is another way that DTX Exchange allows you to make money. Over $8.2 million has been invested in DTX Exchange. Before the year ends, some believe the DTX coin might be worth $1.
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