Best Crypto to Buy Now 13 July – Litecoin, Chainlink, Compound
The crypto market is currently witnessing a notable uptick, propelled by the recent legal victory of Ripple, the company behind XRP, in its lawsuit against the SEC.
Bitcoin, along with other cryptocurrencies, is experiencing the ripple effect of this pivotal moment in the industry.
In light of this significant macroeconomic development, what are the best cryptos to buy now?
A court in the Southern District of New York recently declared that XRP, by itself, doesn't qualify as a security.
Consequently, the cryptocurrency is registering a robust 74.20% growth, with its value soaring to approximately $0.8202 as of writing.
This ruling has infused renewed optimism among crypto enthusiasts, leading to a lift in the price of other major cryptocurrencies.
Among the gainers were Cardano, Solana, and Polygon marking an increase of 17.61%, 16.59%, and 16.23%, respectively. Bitcoin and ether are also witnessing a bump of 3.5% and 6.2%.
This landmark judgment concludes a three-year-long tug-of-war between Ripple and the SEC, which had initiated a lawsuit against Ripple in 2020, accusing the company of infringing upon U.S. securities laws by selling XRP without its registration with the agency.
This ruling has brought much-needed relief to a cryptocurrency sector still grappling with an uncertain macro environment and heavy scrutiny from U.S. regulators.
As the dust settles on this court decision, it's clear that while it brings some immediate buoyancy to the crypto market, the industry's future regulatory landscape remains a labyrinth to be unraveled.
Amidst the favorable market conditions, robust fundamentals and/or positive technical analysis make Litecoin, Wall Street Memes, Chainlink, Mr. Hankey Coin, and Compound some of the best cryptos
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