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Reading: Ripple Co-Founder Gives Million Dollar XRP Coin
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EdaFace Newsfeed > Latest News > Altcoin News > Ripple Co-Founder Gives Million Dollar XRP Coin
Altcoin News

Ripple Co-Founder Gives Million Dollar XRP Coin

vitalclick
Last updated: October 12, 2024 2:56 am
1 year ago
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Bitcoin $60,844 price It is recovering again and altcoins are also in the green cycle. The US presidential elections are just around the corner. Weeks later, we will see the results of the US presidential election, which is also extremely important for cryptocurrencies. A significant portion of crypto investors support Trump due to his statements that have been continuing for months. However, there are also those on the opposite side.

Ripple (XRP) NewsXRP Coin Review

Ripple (XRP) News

FOX correspondent Eleanor Terrett, Ripple $0.538877 founder Announced that Chris Larsen made his first official crypto donation to US Democratic presidential candidate Kamala Harris. According to new FEC filings, Larsen donated $1 million worth of XRP. Unlike cryptocurrency companies in general, Ripple openly supports Kamala Harris.

The interesting thing is that Ripple took an anti-BTC position in 2021, when the issue of Bitcoin harming the environment due to mining was on the agenda. In the same period, before the Chinese ban, Elon Musk made statements and withdrew his support for Bitcoin and prepared the necessary infrastructure for the mining ban.

During the same period, allegations were made that Ripple was lobbying for anti-Bitcoin propaganda. Ripple company believes that blockchain technology can transform finance with its own hands and considers Bitcoin as a rival. So it doesn’t make sense for him to support Kamala Harris, who is more likely to win the election despite intense regulatory pressure.

XRP Coin Review

XRP Coin, one of the largest altcoins by market value, recently fell due to the SEC’s appeal. The price, which dropped to $0.5, was affected by the prolonged litigation process and the potential for losing gains in court. SEC with Ripple The fight between the two will continue until the final decision of the appeal is made. Experts say that the process may extend until the beginning of 2026.

It seems that XRP Coin It will likely perform poorly under regulatory pressure this bull season as well. Moreover, if the SEC can prove its claims with stronger arguments, many gains may be reversed, from secondary market sales not being accepted as securities to the penalty with a 94% discount.

For now, XRP Coin price is likely to stall below $0.58. If BTC can climb above $70,000, $0.64 and $0.73 levels can be targeted.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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