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"Ripple's XRP Surges 12% as SEC Lawsuit Hints Fade"

Coin WorldSaturday, Feb 15, 2025 2:17 am ET

1min read

The price of XRP, the native cryptocurrency of Ripple, has surged by more than 12% in the last 24 hours, following signals from the U.S. Securities and Exchange Commission (SEC) that it may be dropping the Ripple lawsuit. This development has boosted market confidence and sparked interest in other altcoins that could capitalize on this situation.

The SEC's acknowledgment of NYSE's application to list Grayscale's XRP ETF has strengthened the possibility of the Ripple lawsuit being dropped. James Seyffart, a crypto analyst, argued that the old SEC would not have even acknowledged the application, suggesting a chance for the Ripple lawsuit to be over.

As the regulatory environment becomes more favorable for cryptocurrency growth, three altcoins have emerged as potential investments:

Jupiter (JUP)

The native cryptocurrency of the Solana-based decentralized exchange, Jupiter, JUP, has experienced a surge of more than 12% over the last 24 hours, with a trading volume increase of almost 91%. The market capitalization of JUP is currently $2.47 billion. While JUP's value is still 26% lower than its late January peak, its recent price action suggests a potential retest of its all-time highs, given sufficient momentum.

The surge in JUP's price can be attributed to the recent claimability of Active Staking Rewards (ASR). Although this may have increased token circulation, the price chart indicates growing interest in other perks offered by Jupiter. The recent JUP Planetary call, featured on X, also contributes to the token's growth prospects.

DexBoss (DEBO)

DexBoss, a cryptocurrency project aiming to rule the decentralized economy, is currently in presale with its native token, DEBO, offered at a discounted price of $0.011. The listing price is set to $0.0505, indicating a potential 400% profit for early investors. DEBO's large list of use cases, including futures and options trading, cross-chain compatibility, and comprehensive trading tools, positions it for long-term growth.

Official Trump (TRUMP)

The politically charged meme coin, Official Trump

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.