In a landmark ruling on July 13th, a US judge declared that Ripple (XRP) was not, in fact, security. This was a severe blow to the SEC, particularly Gary Gensler, who made it his mission to disrupt the industry. Ripple’s (XRP) victory over the SEC triggered a surge in the $XRP price, and the altcoin gained nearly 70% in a single day.
But the real story occurs more broadly. $XRP is relatively centralized and even has a figurehead; if Ripple (XRP) does not constitute a security, no argument can be made for the other top altcoins being securities.
The regulatory uncertainty which has long hung over crypto was blown away with this decision. And now, with favourable regulatory winds, crypto looks likely to be up only for the rest of the year. One shining example of this exuberant market spirit is DigiToads (TOADS), with the presale breaking past $6.2 million.
DigiToads (TOADS) Roaring Presale Success
DigiToads has enjoyed roaring presale success raising more than $6.2 million in its presale. A significant motivator for this success has been the steady appreciation of $TOADS throughout the presale, and early investors are already up 370%. With another price increase in the tenth phase and another at launch, investors can buy $TOADS at just $0.047 now and enjoy a launch price of $0.055.
But the infrastructure supporting DigiToads deserves close attention, and this ecosystem, known as The Swamp, pioneers a new standard in DeFi. The Swamp puts investors first at every step of the journey, and this community-first attitude, paired with the flywheel design, makes TOADS one of the altcoins to watch in the coming months.
An easy leader amongst new ICOs, The Swamp introduces tangible utility for all users. It includes a native DEX, which generates revenue for the ecosystem, and allows it to capture all the value created through swaps.
The Platinum Toads initiative has drawn attention as it integrates asset management services into the ecosystem. These rare toads get distributed to the best on-chain traders each month who trade the treasury, they keep 10% of profits, and the treasury grows aggressively. This replaces the typical dormant treasury strategy of even top DeFi projects, and $TOADS holders have twelve skilled traders working around the clock on their behalf.
The NFT staking mechanism is another feature drawing heads, with holders of TOAD NFTs receiving consistent payouts funded by the Toad Tax. The NFT staking payout pool attracts 2% of each transaction, and analysts expect the floor price to soar when payouts begin on the 21st of August. They could potentially be the top NFTs to buy now.
With the Toad Tax burning an additional 2% of each transaction and introducing scarcity, analysts have already forecast $TOADS surging by 1,100% in the next six months.
Ripple (XRP) Victory Over the SEC
An excellent moment for Ripple (XRP) and an incredible moment for crypto. It has been fighting the SEC in court since late 2020, and this monumental decision marks a directional change from the US. Ripple (XRP) shot up following the ruling and became the fourth-largest altcoin ranked by market cap.
Without this regulatory uncertainty hanging over Ripple (XRP), there is little holding $XRP back from continuing its explosive up rally, and analysts have already forecast a predicted range between $1.74 and $2.24 next year.
A well-deserved victory for Ripple (XRP) and, more broadly, an excellent moment for altcoins which all look ready to begin tearing – Has Ripple (XRP) started altcoin season?
Closing Thoughts: Market Switches to Risk-On
Larry Fink publicly endorsing Bitcoin (BTC), and this ruling in Ripple’s (XRP) favour will likely become two key inflection dates retrospectively for when the bear market turned into a bull market. Markets have flipped risk-on, and investors must follow the trend or get left behind.
DigiToads has a relatively small market cap, an excellent value proposition, and all the earning potential within The Swamp comes packaged in a deflationary token. Precisely the type of token that performs best in these bullish conditions. Participate in the presale today and witness firsthand the gains possible for small caps in altcoin season.
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