While the entire digital currency market experienced an upward trend yesterday and the total value of this market reached its highest level, i.e. 3.5 trillion dollars, Ripple (XRP) also surpassed Binance Coin (BNB) with a significant jump.
According to CryptoNews, the price of Ripple is nearing its highest level in recent months due to general market optimism and the development of Ripple’s business and regulatory approvals. At the time of publication, Ripple is trading at $1.7, up 15.8% over the past 24 hours and up 226% over the past 30 days. Ripple’s highest price record is $3.4, which was recorded in January 2018.
with victory Donald Trump In the US presidential election, there is a possibility of changing the top managers of the US Securities and Exchange Commission (SEC). In this situation, the investment companies Bitwise Canary Funds, Grayscale and WisdomTree are considered among the pioneers of XRP-based exchange-traded fund (ETF) requests.
resignation Gary Genslerthe head of the Securities and Exchange Commission, who had a critical view of digital currencies, paved the way for the appointment Paul Atkinsthe former commissioner in favor of digital currencies, smoothed. Ripple plans to join the ranks of new players in the stablecoin market with the launch of RLUSD.
Overall, the court’s ruling in favor of the company against the SEC and upcoming pro-crypto-currency legislation in the United States have strengthened Ripple’s position as one of the crypto pioneers.
Note: This article does not contain Zomit’s economic advice and is for informational purposes only.
