John E. Deaton, a renowned crypto lawyer, has laid his thoughts on what a settlement in the SEC Vs. Ripple lawsuit could mean. Also, experts have given their predictions on how a spot ETF approval will affect the prices of Bitcoin and Bitcoin Spark. Visit the Bitcoin Spark ICO XRP Experienced Price Jump As Attorney Predicts Ripple Settlement Attorney John Deaton has predicted that the settlement of the SEC vs. Ripple lawsuit will be 90/10 in favor of Ripple. He stated that a settlement of million or less would be a win for the company. The announcement has already had a favorable impact on the price of XRP. On the weekly chart, the value of XRP saw a sharp price movement that increased by over 10%. The altcoin’s price has risen to %excerpt%.6777. Some analysts have projected
Topics:
Bridgit Murphy considers the following as important: Projects
This could be interesting, too:
Felix Mollen writes Pepe Pumps 23% as Crypto Prices Recover, Wall Street Pepe Could be the Next Crypto to Explode
Felix Mollen writes Pengu, Bonk Lead Top Meme Coin Gainers as Some Analysts Think Solaxy and Flockerz are Next to Pump
Felix Mollen writes New Solana Layer 2 Project, Solaxy, Raises Million in First Week of Presale
Felix Mollen writes Dogecoin, Dogwifhat Prices Slide But Some Experts Tip Crypto All-Stars as Next Meme Coin to Explode
John E. Deaton, a renowned crypto lawyer, has laid his thoughts on what a settlement in the SEC Vs. Ripple lawsuit could mean.
Also, experts have given their predictions on how a spot ETF approval will affect the prices of Bitcoin and Bitcoin Spark.
XRP Experienced Price Jump As Attorney Predicts Ripple Settlement
Attorney John Deaton has predicted that the settlement of the SEC vs. Ripple lawsuit will be 90/10 in favor of Ripple. He stated that a settlement of $20 million or less would be a win for the company.
The announcement has already had a favorable impact on the price of XRP. On the weekly chart, the value of XRP saw a sharp price movement that increased by over 10%. The altcoin’s price has risen to $0.6777.
Some analysts have projected that Ripple will win the XRP litigation, which might continue to support the altcoin’s optimistic price performance. Santiment also reported an increase in whales holding the altcoin. The XRP price prediction suggests a rally to $1 after a settlement is reached.
Bitcoin HODLERs Rise in Anticipation of Spot ETF Price Surge
The Bitcoin price experienced a major surge in ‘Uptober,’ increasing by more than 28%. The surge pushed Bitcoin’s year-to-date above 110%. Bitcoin HODLers have held onto their coins, expecting another surge. HODL indicator showed that in the last three months, over 90% of the Bitcoin supply hasn’t moved.
The highly anticipated spot Bitcoin ETF approval, which has been slated for late 2023 or early 2024, is one of the primary reasons for this. Also, the Bitcoin halving is scheduled to happen in less than six months.
In two months, Matrixport predicts that the price of Bitcoin will reach $45,000. After the halving, BitQuant was even more optimistic, forecasting a new all-time high of $250,000.
Bitcoin Spark (BTCS) Likely to Spike on ETF Approval?
Leading cryptocurrency analysts have expressed optimism about Bitcoin Spark ahead of the spot ETF approval. This is because, unlike other Bitcoin forks, Bitcoin Spark operates on a unique new infrastructure.
Bitcoin Spark, while retaining the security, privacy, and dependability of Bitcoin’s original code, introduced unique new features that have investors interested. Bitcoin Spark employs a novel Proof-of-Process consensus technique.
Proof-of-Process consensus is a cross between Proof-of-Work and Proof-of-Stake. The PoP consensus algorithm was developed by Bitcoin Spark to be faster and more effective than PoW and PoS. Bitcoin Spark has also introduced contract functionality – a feature lacking in the original Bitcoin.
With its upgraded infrastructure of Bitcoin, analysts have given bullish predictions for BTCS. It is now available at only $3.50 in its ninth crypto presale stage.
Find out more about the Bitcoin Spark ICO below:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.
Readers are also advised to read CryptoPotato’s full disclaimer.