The crypto industry has been rocked by the Ripple vs. SEC court case, which began in December 2020 when the Securities and Exchange Commission filed a lawsuit against Ripple for raising over $1.3 billion without registering XRP as a security.
Ripple has countered that XRP does not meet the requirements of the Howey Test and therefore has not been advertised as a security. The case has been ongoing with both sides presenting their arguments. As the end of the case approaches, many investors are wondering how the outcome will impact the market, with the so-called "Ripple effect" potentially having far-reaching consequences.
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This article will explore the possible effects of a political win or loss in the case on the market, as well as examine the expected bullish trend for Bitcoin in April. We will also take a closer look at Big Eyes Coin's (BIG) latest achievements, as the popular cryptocurrency continues to make strides in the industry.
Ripple vs. The SEC: A Verdict's Impact on the Crypto Market
XRP investors are eagerly anticipating the outcome of the court case between Ripple and the SEC. Ripple has long argued that XRP is not a security, unlike the SEC's claim.
If Ripple wins the case, XRP would earn legality in the US market and become open to more mainstream investors. The price of XRP would increase, as shown in the South Korean market where the token saw a surge in trade.
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However, if Ripple loses the case, it would face a fine from the SEC, register as a security, and face stricter controls, leading to a significant price drop. The entire crypto ecosystem could also face increased regulations.
Bitcoin Bulls Charge Ahead
Despite suffering major losses in 2022 and dropping further during the banking crisis at the end of February, Bitcoin has seen a resurgence in recent weeks.
It hit all-time lows of around $19,000 last year but gradually rose to an average of around $23,000 in early 2023. Following the banking crisis, investors have flocked back to the crypto market and pushed Bitcoin beyond the $28,000 mark.
Based on its current performance, a bull run is likely to occur soon, pushing the coin past $30,000. Some experts even predict that Bitcoin will return to its original price of over $60,000.
Big Eyes Coin Surpasses Expectations with $33 Million Presale
Big Eyes Coin is outpacing expectations and has garnered significant investment, signalling that it may eclipse other meme tokens like Dogecoin and Shiba Inu upon launch.
The platform has set a presale goal of $50 million and has already achieved more than half of that, bringing the total to $33 million.
The coin's investors have been impressed by the many lucrative opportunities offered by the platform. For instance, the coin offers Loot Boxes, which are valued between $10 to $10,000, and give users the chance to win rewards of up to $1 million. Investors can use the code BULLRUN250 to unlock these boxes, which come with a 250% bonus. There are also loot NFTs available on OpenSea that can be collected, minted, and traded.
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Additionally, the coin is eco-conscious, as the platform has committed to donating 5% of its total earnings to an ocean conservatory, allowing investors to incorporate environmentally-friendly activities into their portfolios.
The Ripple vs. SEC case has been closely watched by investors and industry insiders, as its outcome could have a significant impact on the cryptocurrency market. If Ripple wins the case, it would pave the way for the token to gain legal status in the US market, potentially attracting more mainstream investors and causing its price to rise.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
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Telegram: https://t.me/BIGEYESOFFICIAL
