Skip to content

DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold's editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please click here.

Coinbase Relists XRP In New York, Is Ripple Set for Another Win Over The SEC?

Press Releases

In another win for the crypto industry, Coinbase has relisted XRP on its platform for the 20 million residents of New York. 

Experts believe that this is a significant development in kickstarting the XRP rally, which never really got going during this bull market. 

However, a few analysts have found the timing of this move by Coinbase to be odd. With the SEC under tremendous pressure from all fronts, is Ripple on the verge of scoring another crucial victory over the Commission?

If so, it could end Ripple’s long-standing battle with the SEC, with the former emerging as decidedly victorious. 

What is Behind XRP’s Lackluster Performance?

XRP continues to disappoint investors with its tepid price action, despite Ripple scoring a number of victories against the SEC. 

Judge Analisa Torres initially ruled that XRP is not a security in itself, further ruling that Ripple’s programmatic sales did not violate the Securities Act. She then dismissed SEC’s motion for an interlocutory appeal, handing another victory to Ripple. 

As it currently stands, XRP may be the only cryptocurrency other than Bitcoin to have regulatory clarity in the US. 

And yet, XRP is currently trading merely 15% above its price before the Torres decision was announced. 

Take for instance today, the bulls received important good news in the form of Coinbase relisting XRP in New York. Yet, the token is down 2% over the past 24 hours, showing momentary strength before experiencing a significant pullback.

Perhaps investors – especially whales and institutional clients –  are awaiting more regulatory clarity from the SEC. Coinbase’s decision today has certainly fueled rumors that Ripple could be nearing a decisive victory. 

However, the Commission still reserves the right to appeal Judge Torres’s initial ruling, which could drag XRP’s legal battles for another several months. 

In such a scenario, investors may have to wait for November. In case former US President Donald Trump wins the upcoming elections, XRP could start its bull rally in the expectation of a more favourable SEC. 

Why The Dogeverse Meme Coin Could Be A Better Alternative To XRP? 

Investing during a bull market is all about finding the right narratives. While XRP appears to be out of fashion, no asset class is more in demand than meme coins. 

Experts have identified a new meme token Dogeverse which they believe could offer up to 100x returns after its launch. Indeed, the meme coin is in strong demand, having already raised over $15 million in its presale. 

Dogeverse’s revolutionary multi-chain concept is one of the reasons behind its attractiveness. The meme coin will launch on 6 different blockchains – Ethereum, Solana, Base, Polygon, BNB Smart Chain and Avalanche – hitting the popular DEXs and CEXs of each. 

This first-of-its-kind strategy could turn out to be a game-changer. With a high number of investors searching for the next big meme coin, Dogeverse’s multi-chain status could result in maximum visibility and high price potential. 

Token holders can also benefit from the best features of each blockchain, such as earning passive income by staking their holdings on Ethereum. 

However, interested buyers need to hurry as the Dogeverse presale is set to end on June 3rd at 10 AM UTC. The token will launch on exchanges on 5th June at 10 AM UTC, after which presale buyers will also be able to claim their holdings. 

Visit Dogeverse Presale


This post is sponsored. Finbold neither endorses nor takes responsibility for the accuracy, quality, advertising, products, or other materials on this page. Readers are strongly encouraged to perform their own research before making any decisions regarding the company. Finbold will not be held accountable, either directly or indirectly, for any harm or loss that may stem from or be linked to the usage or reliance on any information, goods, or services mentioned on the page. If you encounter any issues, kindly report them to [email protected].

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.