Amid Ripple’s lawsuit against the SEC, investors are cautious about XRP, resulting in a significant drop in the price of $XRP. On the other hand, Optimism whales are buying the dip, but $OP keeps sliding. Yet, Borroe.Finance ($ROE) is dominating the bearish cryptocurrency market, having delivered 25% profits for its early investors. Can XRP and Optimism turn around to compete with Borroe.Finance?
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Ripple Lawsuit Pushes Investors out of XRP’s Market, $XRP Bearish
Ripple has been in the spotlight for many good reasons despite its constant XRP ($XRP) lawsuit update. The most notable reason is its alleged initial public offering (ICO) for the firm. Analysts are highly interested in the effect of the possible ICO event on XRP’s value.
As of September 6, 2023, XRP was still at a crucial moment as it awaited an important regulatory decision from the US SEC. XRP has to submit a strong opposition to the SEC’s motion for an interlocutory appeal.
The
Bitcoin Dominance to Double, Significantly Impacting Other Projects and Positioning It as the Future World Reserve Currency
According to MicroStrategy’s Michael Saylor, institutional investors are realizing regulators are not against the adoption of Bitcoin as…