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The post XRP Traders Worry About Ripple’s Decision to Appeal, Time to Find New Crypto Alternatives? appeared first on Coinpedia Fintech News
Despite the excitement surrounding Ripple’s recent victory, XRP investors have become anxious because they fear the payment firm might submit another appeal to challenge the court’s ruling.
As a result, XRP traders have begun searching for another investment alternative, and RCO Finance (RCOF), an Ethereum-based cryptocurrency, appears as a viable option.
With RCO Finance still in its presale phase, RCOF presents a lucrative opportunity for XRP investors to make a profit.
Let’s discover why RCOF is the best investment vehicle for XRP investors.
SEC Might Appeal XRP Sales Classification And Fine: Fox Journalist
Eleanor Terrett, a Fox Business journalist, has speculated that the SEC might appeal the July 2023 court ruling regarding programmatic sales of XRP coins.
She shared this opinion in a tweet on the X media platform on August 8, 2024. The regulator has claimed that the tokens were unregistered securities at the time of the sale.
Besides that, Eleanor opined that the second part of the appeal will likely be directed at the considerable reduction in the settlement fee Ripple is to pay the SEC. Initially, the regulator demanded $2 billion from Ripple Labs before filing for a trial.
However, the presiding Judge in the lawsuit, Judge Analise Torres, has asked Ripple Labs to pay the regulator $125 million in her latest ruling.
Brad Garlinghouse, CEO of Ripple Labs, and Stuart Alderoty, Ripple’s Chief Legal Officer, have expressed excitement about the Judge’s decision. In July 2023, the partial summary judgment incited a feud between the SEC and Ripple Labs. Hence, the latter considers the court’s recent ruling a victory even though it failed to spell out a legal position for other crypto assets.
The court’s verdict had a noticeable impact on XRP’s price. Following the ruling, XRP rallied 27% to $0.63 within one hour and a half. Currently, the price is down 6.66% to $0.57, which experts have attributed to the SEC’s possible appeal.
RCO Finance: A Better Alternative To XRP Traders
Considering the uncertainty around XRP, investors are pivoting towards RCO Finance, a new player in the Ethereum ecosystem for profit-making. RCO Finance offers an opportunity to recover losses incurred from XRP’s pullback and lots more in the long run, both during its presale and after its exchange debut. However, it is imperative to know why there is a fuzz about RCO Finance.
The attraction to RCO Finance stems from its ability to bridge the whole financial market onto a single interface. Its offerings cover the stocks, crypto, derivatives, ETF, and real-world asset sectors. This enables users to create a portfolio spread across multiple financial market segments to maximize profits.
Another reason RCO Finance is blowing up amongst XRP investors is its AI-driven robo-advisor, which provides insight into the right time to move on a particular asset. It can tell when to buy or sell an asset through its AI-powered predictive model, enabling users to make emotionless and biasless investing decisions.
Furthermore, through its machine-learning feature, this tool understands individual users’ preferences and financial goals and creates strategies that align with them.
The platform has been audited by the major security company SolidProof. It is also KYC-free and rewards users for participating in the ecosystem. These rewards include tier-based rewards, low interest on lending and borrowing, access to high trading leverage, high staking APY, and staking rewards.
XRP Investors Onboard RCOF’s Presale
Given its profit potential, XRP investors increasingly participate in RCOF’s presale. Based on market data, this altcoin is poised for a dramatic surge in the coming days. This rally will move it from $0.0343 in Stage 2 of its presale to $0.558 in Stage 3, representing a 74% increase.
However, with its presale to conclude between $0.4 and $0.6, the token will soar 1,800% higher than its current price. This projection indicates that XRP investors can still realize 18X their capital during RCOF’s presale. A $100 investment in RCOF can become $1,800 or more when the token launches.
Besides, RCOF holders will earn quarterly dividends in addition to their presale profit. Ultimately, RCOF is the best crypto to invest in now.
For more information about the RCO Finance Presale:
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