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Cryptocurrency News Articles

XRP Gains Over 20% In 24 Hours – Is Ripple the Next Crypto to Explode?

Aug 09, 2024 at 04:45 pm

The beginning of this month has introduced a bearish trend in the market, with nearly all tokens experiencing major drops.

XRP Gains Over 20% In 24 Hours – Is Ripple the Next Crypto to Explode?

While leading tokens like BTC, SOL, and ETH are starting to bounce back, Ripple’s XRP is leading the way with an impressive 20% surge in just the past 24 hours.

Analysts attribute this surge to the judge’s final ruling in the Ripple Labs vs. SEC case, which decided that Ripple Labs must pay $125 million in fines – significantly less than the $2 billion the SEC initially requested.

But can it match the profits new trending ICOs like Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), and PlayDoge ($PLAY) are expected to bring? Industry specialists don’t think so.

Below, we’ll check out the details.

XRP Soars 20% After SEC Ruling—But Much Better Returns Await with These New ICOs

XRP’s price jumped over 20% on Wednesday to around $0.61 after a key ruling in the Ripple Labs vs. SEC lawsuit. Judge Torres decided Ripple Labs must pay $125 million in fines and avoid further securities law violations, ending a nearly four-year legal battle.

This fine is much less than the $2 billion the SEC wanted. In 2020, the SEC fined Ripple Labs for apparently issuing XRP as a security, but last summer, Judge Torres ruled that XRP isn’t necessarily a security.

This decision is big news for the XRP market, explaining the 20%+ surge in price. Regulatory uncertainty has been a big challenge for XRP and Ripple Labs’ global crypto operations. Now that the risk of XRP being labeled security and possibly being banned in the U.S. has been lifted, the outlook for the crypto’s long-term adoption looks better.

Many analysts think this surge will keep going into August, but that doesn’t guarantee huge profits. If you’re chasing bigger returns, it’s wiser to focus on new, explosive ICOs like Pepe Unchained ($PEPU), Base Dawgz ($DAWGZ), and PlayDoge ($PLAY).

Let’s check out why this is the case!

Pepe Unchained ($PEPU) — Bringing Speed and Efficiency to Meme Coins with Innovative Layer-2 Blockchain

Pepe Unchained ($PEPU) is a new Pepe-inspired token using its Layer-2 blockchain built on Ethereum, set to change the game for meme coins. The developers are focused on creating a platform for quicker and cheaper transactions, offering near-instant confirmation and very low fees.

According to their whitepaper, the network will be 100x faster than Ethereum, processing transactions in milliseconds for just a fraction of a cent. Additionally, they offer staking rewards with an impressive estimated annual yield exceeding 250%.

This combination of speed, low costs, and high returns has attracted a lot of interest, with over 4,700 members in their Telegram group and a second-place ranking on CoinSniper’s list of upcoming crypto launches.

The ICO has already raised over $7.7 million, selling $PEPU tokens at $0.0089461 each. It accepts ETH, BNB, USDT, and credit cards, making it easy for a wide range of investors to participate.

As the presale goes on, the price of $PEPU will rise. After that, the launch of its Layer-2 network and its listing on a decentralized exchange (DEX) could set a new benchmark in the industry.

Base Dawgz ($DAWGZ) — Maximize Your Earnings with Coinbase Referral and Airdrop Offers

Base Dawgz ($DAWGZ) is an emerging meme coin project aiming to gather an impressive community with its innovative Sharn-to-Earn model. Holders can stake their tokens to earn hourly rewards over the next year. They’ve set aside 20% of the total supply (1.69 billion tokens) for these incentives, offering a sweet deal for early backers.

The presale has already pulled in over $2.8 million. Right now, tokens are priced at $0.007414 each, with the price expected to go up in future stages.

Base Dawgz’s team has planned to boost community engagement with new Share-to-Earn system. Investors can make and share memes on Twitter, earning points that can be swapped for $DAWGZ tokens after the presale.

Their roadmap includes audits, community growth, exchange listings, and more development. The project’s tokenomics allocate funds for marketing, liquidity, and additional rewards, keeping the interest alive.

Its strongest feature is its multi-chain capability. Unlike many meme coins, Base Dawgz operates across several blockchains like Ethereum, Solana, Base, Avalanche, and Binance Smart Chain, using Wormhole and Portal Bridge protocols. This improves liquidity and exchange options, making it one of the most flexible and promising projects in the market.

PlayDoge ($PLAY) — A New Era of Pet

Original source:captainaltcoin

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