![]() ![]() This would mean that the judge would be set to give a final verdict, based on the existing evidence that has been gathered in the past two years.Ī huge part of the financial world has been betting on Ripple to win the case, as the evidence provided by the company seems to prevail over SEC’s claims. This is because both parties had mutually appealed to the court to get a summary judgement. The case which lasted more than 2 years since the lawsuit was filed, may now be nearing its final verdict. Ripple responded that its token XRP does not qualify as an investment vehicle, and alleged SEC for distorting the facts. Between 2012 to 2020, Ripple sold around $1.3 Billion worth of XRP through illegitimate means stated to SEC. US Securities and Exchange Commission(SEC) filed a lawsuit against Ripple on 22 December 2020 for illegally raising over $1.3 Billion. During times when transactions were at an all-time high, this fee would go well over $40 too.Įthereum takes around 5 mins – 4 hours to confirm and validate a transaction whereas XRP takes just 3 to 5 secs which takes it totally out of the competition. Transaction fee for the Ethereum network is reducing day by day as the fee was about $10.32 a year ago. However, XRP has a fee of 0.00001 XRP for validating the transaction as compared to Ethereum which stands at $0.621 which is way higher. XRP is a payments system, which is one of Ethereum’s main use cases. However, Ethereum too has its own share of drawbacks and has been struggling to solve them. It is the second largest currency in terms of market cap and has been one of the most important assets for investors during the last bull run. ![]() Next EthereumĮthereum Is one of the biggest ever cryptocurrency projects in the space and currently boasts of one of the biggest communities. The current bullish sentiments that are further backed by strong fundamentals could also contribute to the growth in the token’s price. This itself had caused several people to become bullish on the token previously. Since then, the project has managed to amass a massive chunk of the investing citizenry as a dedicated community.Įven during the lawsuit, the community had shown their strength through their tweets and other kinds of social media posts on various platforms. XRP has one of the biggest communities in the world in terms of cryptocurrencies, It is no doubt that the altcoin had completely dominated the bull run of 2017. While XRP didn’t perform as expected even in the last bull run, investors have now been speculating a major pump in the upcoming months. ![]() ![]() One of the biggest among these communities was that of XRP or Ripple. However, the community managed to hold on to their assets in hopes that they might see a reversal soon. Some reasons for the downfall of cryptocurrency included the Russia vs Ukraine War, and high inflation resulting in interest rate hikes by feds. The token, which has crashed from its all-time high of about $65,000 is now standing at about $19,000 around 72% lower in value. Bitcoin – the frontrunner cryptocurrency had seen more than 50% of red returns. For the same reason, they have been booming again recently in terms of popularity and many people have started investing rather heavily, despite the current crypto winter.įor the past couple of months, however, cryptocurrency fans and investors have been rather doubtful of the potential move of their assets. Despite this, the solutions provided by the sector not only have been popularised in the past two years but have also been embraced by a wider audience. Join Our Telegram channel to stay up to date on breaking news coverageĬryptocurrency as a decentralized virtual asset has always been subject to massive criticism over the years. ![]()
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