With an echo of victory reverberating in the crypto sphere, Ripple Labs just won a significant legal battle, asserting that they did not contravene any federal securities law regarding XRP sales on public exchanges. The ruling, dished out by Judge Analisa Torres, spurred a bullish wave in XRP’s market performance. Currently, XRP is cruising close to $0.80, marking a 70% surge within a day, the highest since April 2022.
As US-based exchanges like Gemini spotlight plans to relist the disputed token, XRP is anticipated to maintain its bullish momentum. It’s vital to recall that several exchanges abruptly delisted the token following SEC’s security status allegations against Ripple Labs. So, as confidence begins to once more radiate through the market, one could anticipate an upbeat performance from XRP in the forthcoming days, weeks, and potentially months.
While XRP might surge forward, some overly zealous crypto enthusiasts seeking swift exponential increments may find it more appealing to explore meme coins. Analysts at Cryptonews.com – dedicated experts in the crypto sphere – are marking Wall Street Meme’s presale as an emerging gem.
In the limelight of retail investing communities, Wall Street Memes has made impressive strides, especially through its new $WSM token’s presale. In a short duration of barely one month, the presale raked in $14.5 million. Given Wall Street Memes’ ardent community presence – a whopping 523k followers on Instagram, 214k on Twitter, and more than 100k divided on two additional Instagram channels – this success is not surprising. Furthermore, one might conjecture an imminent listing of $WSM token on renowned crypto exchanges like Binance, thanks to the million-strong community of Wall Street Memes.
Wall Street Memes is up for grabs at $0.0319 during presale, ready to launch at $0.0337 across mainstream exchanges with a fully diluted market cap of $67.4 million. The question lingering in the air, however, is – Can $WSM hit a $5 benchmark? With the prowess of the Wall Street Memes investing syndicate at the helm, there are suggestions it could potentially become the next multi-billion-dollar meme coin.
If $WSM were to maintain momentum to reach a hypothetical market cap of $1.8 billion, as indicated by Pepe Coin’s performance in May – we’d be looking at a $0.9 token price, an exciting 26x up versus the exchange launch price.
While scaling up to a market cap of $10 billion may seem farfetched, the unexpected can never be entirely ruled out given crypto’s infamous volatility. After all, who could foretell that Shiba Inu (SHIB) would touch an excessive $50 billion market cap during the previous bull market? The rollercoaster ride continues.
Disclaimer: Crypto remains a high-risk asset class. The content of this article serves informational purposes only, and must not be misconstrued as investment advice. Remember, you could lose all of your capital invested in crypto.
Source: Cryptonews
