Ripple ($XRP) has been on an absolute tear following a US Judge’s ruling last week that $XRP would not be deemed a security.
The cryptocurrency has been surging ever since as it exploded by 70% over the past week, allowing the token to reach the current $0.8 level.
Traders are extremely bullish on the future prospects of $XRP as a wave of exchanges re-add the coin, and anticipated banking partnerships will use the token again.
Meanwhile, a new set of tokens are starting to surge alongside the $XRP pump as traders believe they have the potential to provide higher gains. In particular, $EVILPEPE and $BTC20 are beginning to steal the headlines.
Ripple ($XRP) Surges By a Whopping 70% in 7 Days
$XRP has turned parabolic after traders rushed to the token following the ruling from Judge Analisa Torres stating that the coin was not deemed to be a security last week.
Ripple Labs, the company behind the $XRP token, has been involved in a two-year-long battle with the SEC, the United States financial regulator, after being accused of operating an unlicensed securities offering and violating financial regulations.
The ruling from the judge was a victory for Ripple Labs and the entire cryptocurrency market after two months of increased regulatory scrutiny from the SEC.
However, the news wasn’t completely positive for Ripple Labs, as the judge stated that XRP was a security when sold to institutional investors.
Now, the two parties must reach a settlement over the coming weeks to put the case to bed.
Nevertheless, traders are now extremely bullish on $XRP, with the token surging by over 70% over the course of the week – allowing it to reach $0.8 – a level not seen since April 2022;
The price surge has allowed $XRP to soar back into the crypto mainstream, with its market rising to $42 billion, allowing it to enter the top-5 ranked projects again.
Why is Ripple so Bullish, and Can It Continue?
The two-year-long court battle caused $XRP to miss out on the 2020 bull run as traders avoided the token due to the uncertainty regarding the accusations from the SEC.
Now, with the uncertainty about its status as a security removed, traders are starting to flood back into the token to take advantage of future price hikes.
The coin is now incredibly bullish because major cryptocurrency players are starting to support the token again.
For example, Coinbase and Binance.US – the two largest exchanges in the world – immediately restored trading support for $XRP following the announcement last Thursday. Both exchanges suspended trading over the past two years after the SEC filed its lawsuit against Ripple Labs.
In addition, other exchanges are also returning their support, with Kraken and Bitstamp relisting the asset.
Furthermore, the token is incredibly bullish because traders believe U.S banks will return to using the ODL product from Ripple Labs and use the token for cross-border transactions after the partial victory.
Overall, things are extremely bullish for $XRP, and we can expect further price hikes in the following months.
Which Altcoins Are Also Experiencing a Price Rise?
As XRP continues to thrive, traders are starting to look for other opportunities that could provide significantly higher returns.
It’s not just XRP that traders are incredibly bullish on, there are a handful of projects that are starting to steal headlines as traders rush to get invested as early as possible.
Evil Pepe Coin Embracing the Dark Side of the Pepe Clone Segment
One project stealing all the headlines this week is Evil Pepe, the latest Pepe clone that’s touted to hit the market with a bang and provide 10x returns for early investors.
Evil Pepe represents the mischievous side of the meme coin game and is the alter-ego of Pepe – the meme coin sensation that provided over 30,000% returns for lucky early buyers.
The newly birthed meme coin allows crypto degens to embrace their dark side by buying Evil Pepe as it attempts to mirror the price performance of the other Pepe derivatives that have swept the market.
The presale for the project recently went live, allowing you to get invested at the lowest possible prices before the token hits DexTools and starts trending.
Evil Pepe is that voice in your head driving your shitcoin trading decisions. When you know you shouldn’t be buying a token that’s about to rug, Evil Pepe appears and makes you ape into the project anyway.
Now, Evil Pepe is convincing you to get invested in this next community-driven meme coin, and you’re already hearing his whisper.
He’s already telling you not to wait for the DEX launch and buy $EVILPEPE at the lowest possible price.
The presale for $EVILPEPE has a $2 million hard cap limit, leaving room for incredible growth prospects when the token hits decentralized exchanges.
Despite his evil nature, Evil Pepe ensures his token is fully community-driven by dedicating the entire $EVILPEPE supply to the degens – not allocating any for himself.
Instead, 90% is sold in the presale, with the remaining 10% being reserved for adding liquidity to the pool to ensure a smooth trading environment.
The launch of this project is set to be a wickedly fun ride.. Nobody knows how to lure people in quite like Pepe, and #EvilPepe is king!
— Evil Pepe (@evilpepe_token) July 18, 2023
Evil Pepe might be cruel, but he’s not a scammer. Therefore, he’s locking the liquidity through Team Finance for a month following the DEX launch.
As a result, investors won’t have to worry about large token drops from Evil Pepe or whales looking to cash in on the initial price surge after the presale.
Overall, Evil Pepe is combining the chaotic energy of meme culture with the allure of financial speculation, setting itself up to be the fastest-trending Pepe clone on the market.
You can purchase Evil Pepe for $0.000033. However, with such a low hard cap, Evil Pepe won’t be in its presale stages for more than a few days, so you’ll have to act quickly to get positioned at the lowest possible prices.
BTC20 Rewinding the Clocks to April 2011 to Allow Investors to Buy a New Bitcoin for $1
Another token turning heads this week is BTC20, a project that’s rewinding the clocks and letting people invest in the new Bitcoin for just $1.
BTC20 is the ERC-20 version of Bitcoin built on the Ethereum blockchain.
The project has introduced a groundbreaking staking mechanism that releases $BTC20 tokens in line with the original Bitcoin block rewards schedule.
Those staking their $BTC20 tokens can earn a percentage of the rewards through this proof-of-staking mechanism, creating a stake-to-earn economy.
BTC20 is taking inspiration from the early days of Bitcoin when the price was $1, and supply was 6.05 million in April 2011.
Therefore, its presale is selling 6.05 million $BTC20 for $1. The soft cap will sell 3 million $BTC20 for $3 million, and a further 3.05 million will be available after the soft cap has been reached to sell 6.05 million $BTC20 overall in the presale.
Then, with a total $BTC20 supply of 21 million, a minimum of 14.95 million $BTC20 will be locked in an immutable staking contract to provide rewards for stakers following the presale.
The staking rewards will follow the Bitcoin block schedule and release $BTC20 tokens when new blocks are found for the next 120 years.
Any tokens unsold in the presale will also be locked in the staking contract – meaning the entire supply is in the hands of the community with no team allocation.
The staking is a unique mechanism as it incentivizes the community’s collective action to stake and lock tokens into the contract – removing them from the open market to be sold.
The more $BTC20 staked, the higher rewards earned.
As a result, newcomers looking to invest following the presale will likely struggle to purchase $BTC20 as most of the supply will be locked away – creating a supply shock on the open market and causing its value to surge.
Overall, BTC20 is giving everybody the opportunity to purchase an upgraded version of Bitcoin at the lowest possible prices.