The post Cardano Catches the Wave of Market Excitement Following XRP’s SEC Triumph appeared first on Coinpedia Fintech News
Cardano (ADA) is on a rampage today as it follows the broader digital currency market in a substantial recovery. The combined crypto market cap has jumped by 5.79%, reaching $1.25 trillion. Riding the wave, Cardano has surged to a price of $0.348, marking an impressive gain of 21.11% over the past 24 hours.
XRP’s Rally Trigger Changes Cardano’s Game
Evidently, the recent surge in Cardano’s price can be attributed to a favorable ruling by Judge Analisa Torres. The judge determined that XRP, which is algorithmically issued and traded on secondary markets, does not meet the criteria of an investment contract. This ruling is seen as a significant victory for the Cardano ecosystem, particularly considering Cardano’s classification as a security by the United States Securities and Exchange Commission (SEC) in its lawsuits against Coinbase and Binance.
Cardano
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