Ripple’s victory over the US SEC is one for the books. The blockchain network’s triumphant move in a very uncertain crypto legal landscape will be the basis for ending future lawsuits from government agencies that try to shut down blockchain projects unfairly. The victory’s influence does not stop there; it is positively influencing XRP prices.
XRP, the native asset of the Ripple network, which the SEC pursued by calling it a security, is now witnessing attractive price growth. The token remained in limbo during the lawsuit, with investors confused about putting their money in it. Now, they are confident that XRP is here to stay and is backed by a platform leading the payment scenario for enterprises and businesses, facilitating real-world blockchain adoption.
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XRP Expected to Hit $5 Thanks to Its Legal Victory Last Year
The token is priced at $0.63 at the time of this writing, holding robust price points from when its lawsuit concluded in July 2023. XRP will now use bullish forces in its favor to elevate its price much higher, with experts claiming it will cross the $1 mark shortly and can go up to $5 as the bull run peaks in the coming months. This potential makes it one of the top altcoins that crypto investors must get their hands on to make tremendous profits in 2024 and beyond.
On that same tangent, experts favor another token that can make it to $5 alongside XRP. Like XRP, this token also possesses a sub-$1 pricing, making its climb to $5 a highly profitable pursuit to invest in. The NFTFN token, priced at just $0.025 and currently offered through its presale launch, is the experts’ pick to return the most value this year.
Why Experts Think NFTFN Will Offer XRP-Like Returns
Their good reviews about the token come from the platform it is native to, which re-engineers NFT interaction through an avant-garde trading platform. The NFTFN platform, from which the token gets its name, lets users trade perpetuals of blue-chip NFTs starting from positions worth $10. It implements an NFT index housing these NFTs, which are worth hundreds of thousands of dollars. Users trade positions representing portions of the index, betting on its price movements, which are the mean price movements of all the NFTs it holds.
NFT enthusiasts can now make the most of the price action of the best NFTs in the market, trading away to profit as much as possible. NFTFN’s emergence makes it possible for those without significant capital to interact with top-dollar assets, which will interest NFT enthusiasts from across the crypto ecosystem. And that is why the platform is not too far away from raging adoption from when it executes its mainnet launch.
Furthermore, NFTFN will not be one of those platforms that end up being nothing more than a flash in the pan. The revolutionary use case ensures users only interact with verified collections, preventing NFT enthusiasts from getting scammed by shady projects. Moreover, the robustness of the NFTs on the platform will ensure users do not deal with assets that possess the risk of tanking in value at any time.
The index-based approach also lets users hedge their trades effectively. Assets performing well in the basket will counteract the negative effects of one or a few assets dropping in value. That will ensure that user positions remain safe against market volatility.
XRP and NFTFN Will Hit the $5 Mark Shortly
The NFTFN platform is, ergo, a well-rounded trading application that brings novelty like no other. It solves some of the most pressing problems in the NFT market, positioning itself to be the gateway for NFT enthusiasts in the future. Thus, the platform’s eventual adoption will massively increase its token price. The NFTFN token holds the same growth potential as XRP, if not more, making it essential to the crypto investor portfolio this crypto summer.
About NFTFN
NFTFN is the go-to platform for perpetual trading of diverse assets like Blue-Chip NFTs, Crypto, and Real-World Assets. With a minimum investment of just $10, users can easily take long or short positions on their chosen asset class, catering to traders of all levels.
For more visit:
Website: www.nftfn.xyz
Telegram: t.me/nftfnofficial
Twitter: twitter.com/nftfnofficial
The post Ripple vs. SEC: On Winning the Legal Battle, XRP Has Higher Chances to Hit $5 Along with This Altcoin appeared first on Crypto News Land.
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