SEC Pursue Ripple (XRP) for $2 Billion, Tether (USDT) Increases Investment in CityPay, Does Rollblock (RBLK) Have The Potential To Surge 1200%
Recently, the SEC decided to pursue Ripple (XRP) for $2B as its legal battle heats up. Meanwhile, Tether (USDT) has increased its investment in CityPay, a payment service. Amidst these developments, all eyes are on Rollblock (RBLK) – a Stage 1 presale star. Analysts claim that this altcoin could surge 1200% in 2024. Let’s see why.
The SEC is continuing its legal battle against Ripple (XRP). In a recent filing, the SEC demanded that Ripple pay $2B, which is a way larger amount than what Ripple offered. In April 2024, Ripple offered to pay a $10M fine. The SEC believes that this amount is not appropriate.
Amidst this Ripple news, its technical analysis shows bearish signs. For example, the Ripple coin is now trading below its 21- and 50-day EMAs while also having many red indicators.
Nevertheless, this altcoin’s price has been rising, as CoinMarketCap data shows an 18% growth in the past 12 months. Thus, experts foresee Ripple trading at $0.78 within Q2 of 2024.
Meanwhile, Tether (USDT) also made headlines in the crypto market. Most notably, Tether announced it would increase its presence in Eastern Europe by investing more in CityPay, a Georgian payment service. With this development, Citypay will also benefit as it expands into other countries, such as Armenia and Kazakhstan.
Although the investment amount was not disclosed, this Tether news is big as it could see excellent long-term results. Even Paolo Ardoino stated that massive results were achieved after the first Tether investment in CityPay. Due to all these reasons, traders are still keeping an eye on Tether as a powerful force in the crypto market.
While Ripple and Tether are seeing major developments, Rollblock (RBLK) is emerging as a rising presale star. Market
