Pro Ripple Lawyer Expects FOMO to 'Kick In' for XRP at This Price
John Deaton, a prominent advocate for Ripple in its legal battle with the SEC, has commented on the undervaluation of XRP's current price, stating that it is a missed opportunity for investors. He believes that it is crazy for investors to overlook the chance to acquire XRP at its current price of $0.48 per unit. Deaton also notes that the fear of missing out (FOMO) effect may not take hold until XRP surpasses the $2 mark. Meanwhile, large-scale investors, known as whales, have acquired a substantial quantity of XRP over a three-week period, totaling 52 million XRP tokens, indicating a bullish outlook on the token.
Delay in SEC vs. Ripple Lawsuit Judgment Raises Concerns for XRP Holders' Relisting on Crypto Exchanges
XRP holders are worried about the relisting of the cryptocurrency on exchanges as the U.S. District Court has not yet delivered a Summary Judgment in the SEC Vs Ripple lawsuit. The court has not addressed the issue of "Secondary Market Sales" of XRP, which has been a topic of discussion among crypto leaders and experts. Attorney Jeremy Hogan predicts that XRP will be relisted on crypto exchanges once the judge decides whether it is inherently a security, but there is a possibility that the court may not explicitly address the issue raised by the commission.
XRP Rumored to Explore AI Solutions from Avorak AI and SingularityNET
XRP, a cryptocurrency developed by the founders of Ripple, is rumored to be exploring AI solutions from Avorak AI and SingularityNET. XRP facilitates seamless and cost-effective cross-border transactions on Ripple and has garnered substantial recognition within the financial industry. Avorak AI is the first AI built for the blockchain and offers a range of solutions for users and blockchain projects, including chatbots, virtual assistants, and text-generating AI. SingularityNET is a decentralized AI platform that democratizes access to artificial intelligence and allows users to pay for AI services and products on the marketplace using its native token, AGIX. The potential collaborations and partnerships between XRP, Avorak AI, and SingularityNET highlight the ongoing innovation and transformative technologies in blockchain.
Pro-Ripple Lawyer Highlights How SEC Legal Battle is Affecting Ripple's Business
According to pro-Ripple lawyer John Deaton, the ongoing legal battle between Ripple and the SEC has affected the company's business, and there is a need for adoption of XRP on the homefront. Despite expanding its business outside the US, traditional financial institutions have been cautious with their interactions with Ripple's services due to regulatory issues.
TikTokker mortgages house for $500K to buy XRP, now losing money
A TikTok influencer, known as Money_talk_tok, reportedly mortgaged his house for $500k to invest in XRP, the native currency of the XRPL and coin used by Ripple. He believed that the cryptocurrency market was in extreme fear and invested all his money into XRP when it was trading at $0.69. However, he is now down roughly 30%, or nearly $150k in the red. The story showcases the unpredictable nature of cryptocurrency assets and how far some crypto project believers can go to purchase tokens. Additionally, a legal battle between Ripple and SEC could impact XRP prices and influence crypto industry regulation in the United States.
XRP shows resilience with whale accumulation despite ongoing legal battle with SEC
XRP, the cryptocurrency of the Ripple network, has shown signs of recovery towards the weekend, gaining roughly 13% in the past two weeks. Crypto whales have acquired over 52 million XRP in the past three weeks, totalling approximately $22.9 million, suggesting potential resilience and strength for the cryptocurrency.
Ripple's Future Hinges on Resolution of SEC Lawsuit
Despite forming numerous partnerships, Ripple Labs Inc's cryptocurrency, XRP, has not seen a significant increase in value due to regulatory uncertainty. The ongoing lawsuit with the SEC has impacted Ripple's business and the growth of XRP, according to XRP advocate and attorney John Deaton. However, if the lawsuit is resolved, there may be more integration of XRP with Ripple's technology.
Web3 Lawyer Discovers SEC Discussion on XRP's Compliance with Howey Test in Ripple Case
New information has emerged in the ongoing legal battle between Ripple and the SEC, with web3 lawyer John Deaton discovering a footnote in documents that suggests the SEC discussed the possibility of XRP not meeting the requirements of the Howey test. Deaton believes this confirms what the crypto community has been saying for years, and could potentially change the dynamics and narrative of the case. While some speculate that this could hinder Ripple's chances of victory, others believe that the outcome is still promising and that Judge Torres may only fine the company for its early sale of XRP and other transactions.
Attorney Deaton Criticizes Michael Saylor's Assertion that Bitcoin Will be the Only Cryptocurrency Traded in the US
John Deaton, founder of CryptoLaw and a proponent of XRP, has criticized Michael Saylor, co-founder of MicroStrategy and a well-known supporter of Bitcoin, for suggesting that Bitcoin would be the only cryptocurrency traded in the US. Saylor, who is known for his maximalist views on Bitcoin, has previously dismissed altcoins as a "parade of horribles" and considers any cryptocurrency other than Bitcoin to be a security. Deaton called Saylor's comment "plain dumb" and expressed confusion over his belief that Bitcoin would be the only crypto asset traded in the US.
Attorney Deaton Commends Uphold for Not Suspending XRP Trading Amid SEC Allegations
CryptoLaw founder and pro-XRP lawyer John Deaton has praised Uphold for not suspending XRP trading despite the SEC's allegations that the coin is a security. Deaton called it one of the best decisions in crypto history, citing "conflicted and compromised" SEC officials. Uphold recently launched its institutional business and trading platform, with XRP still listed on its exchange. While other exchanges like Coinbase and Kraken delisted XRP after the SEC charged Ripple and two of its executives with offering unregistered securities, Uphold has continued to list the coin.
