After two years of uncertainty and speculation, the highly-anticipated climax of the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) is finally on the horizon. Experts and investors alike are buzzing with anticipation, increasingly convinced that Ripple’s groundbreaking crypto-based payment network will emerge victorious from this monumental lawsuit.
The SEC’s lawsuit has cast a long shadow of doubt and ambiguity over the cryptocurrency industry, slowing progress and preventing outside investment. Regardless of its outcome, the forthcoming ruling is expected to deliver a long-awaited moment of clarity for the entire sector.
While market analysts widely anticipate an unprecedented surge in XRP’s value if Ripple secures a favorable ruling, there is growing speculation that other projects will ride the wave of this victory, providing higher returns for those that invest before the verdict.
Keep reading for an update on the latest regarding the court case and to discover three explosive projects that are also set to skyrocket after the verdict.
What you'll learn 👉
Ripple vs. SEC: The Background Story
The United States Securities and Exchange Commission (SEC) initiated legal action against Ripple Labs and its CEO based on allegations that the company operated an unregistered securities offering by selling XRP tokens to the public – violating financial regulations in the country.
The US-based financial regulator states that Ripple Labs raised upwards of $1 billion in 2013 through the sale of the unregistered securities offering and failed to register for the correct licenses to do so.
The lawsuit began in December 2020 and is finally nearing its climax as both parties submit their final filings and wait for a decision from the judge.
The case is so important because it will finally help to bring clarity to the foggy regulations that have plagued the cryptocurrency industry over the previous decade.
The Climax Approaches: Key Developments in the Legal Battle
A former regional SEC Director is predicting that the battle between Ripple and the regulator should conclude within the next few days.
Marc Fagel, the former Regional Director of the SEC’s San Francisco Regional Office, expects the judge to issue their ruling very soon, stating that any further delay is likely caused by the complexities involving the case.
1/ 1) I try to avoid speculating, but my guess is a ruling is coming within days. 2) Even if I'm wrong, there's no basis to think the delay is due to anything beyond the complexity of the case. 3) I don't understand the "greater confusion" point–Ripple is substantially different— Marc Fagel (@Marc_Fagel) June 15, 2023
As the outcome of the lawsuit looms, the case took an interesting turn in recent weeks after the controversial William Hinman statement was officially released to the public. Following its release, XRP surged by almost 8% as investors believed the new findings put Ripple Labs in a favorable position for a victory.
The documents were released as part of the lawsuit, and they refer to a speech given by William Hinman, a former SEC director, on if cryptocurrencies are to be considered securities. The SEC battled to try and keep these documents sealed. However, the judge overseeing the case, Judge Analisa Torres, demanded that the documents should be made public.
In his speech, Hinman alluded that ETH and BTC were not securities transactions, leading many industry professionals to believe that the rest of the industry would fall under the same umbrella. The speech has now become Ripple’s main defense, and the public thinks it should help the cross-border remittance service emerge victorious.
Overall, it seems that the Hinman findings are what has caused the industry to become optimistic regarding a favorable ruling for Ripple, which is causing some excitement within the industry.
In addition, experts such as David Reischer expect Ripple to come out with a favorable ruling in the lawsuit because other nations’ regulators have ruled that crypto cannot be considered a security.
What Will Happen to XRP Following the Ruling?
The court case outcome will be a pivotal moment in the industry. Depending on the outcome, it could send the entire market in either direction.
If Ripple loses the case, it could open the floodgates for similar attacks to other crypto projects – leading to tighter regulations in the crypto industry. As a result, this would inject further uncertainty within the sector and prevent large institutional players from entering the space.
On the other hand, a favorable ruling for Ripple would be monumental for the XRP token. Experts believe a victorious outcome would help XRP surge well beyond $1 and let it reach its all-time high prices again.
However, although XRP will lead the charge in a favorable outcome, experts believe that several other cryptocurrency projects will also benefit from a favorable outcome. This is because it would help clear the uncertainty surrounding whether a project is a security.
In particular, presale projects stand to benefit the most from a favorable ruling as it would suggest that they align with U.S. financial regulations, giving investors the confidence to invest in projects at their lowest prices. As a result, traders across the industry are scouring through current presale projects to find potential gems that are building for a strong future.
With thousands of presales currently active, it can be difficult to figure out where to place your investment. Fortunately, we’ve found three of the hottest presale projects in the market right now that are poised for explosive growth if a favorable ruling occurs in Ripple’s favor.
Wall Street Memes – The Fastest-Growing Presale in 2023
Wall Street Memes is the latest memecoin project seeking to dethrone DOGE and SHIB as the king of memecoins. The project opened its presale toward the end of May and has already crossed the $8.5 million milestone in its fundraising, making it one of the fastest-growing presales of 2023.
Intrigued by its massive community, hilarious memes, and endorsement of notable figures like Elon Musk, investors rapidly gravitate towards a captivating memecoin project as they rush to get invested at the lowest possible prices. The hype and the FOMO behind the project is officially kicking in as investors become curious regarding the long-term potential for the memecoin making a mockery of Wall Street.
Introducing $WSM – yep, we’ve gone and done it.— Wall Street Memes (@wallstmemes) May 27, 2023
The community token that's flipping the Wall Street Memes game upside down! 🐂
We have 50% of the #Token supply up for grabs in the #Presale and 30% set aside for rewarding our community.🔥
Let's make some serious waves together,… pic.twitter.com/fH2TMGmglZ
Wall Street Memes symbolizes the internet’s triumphant defiance against the greedy capitalists of Wall Street. It serves as an extension of the movement that shook Wall Street institutions to their core during the GameStop fiasco of 2021. Back then, armchair investors challenged the mighty Wall Street giants to their own game, exposing their unrelenting greed and causing some hedge funds and institutions to crumble into bankruptcy. Now, Wall Street Memes is tokenizing the same movement through the WSM token, enabling individuals to engage in memecoin speculation with a delightful twist of humor.
In essence, this project aims to mock the giants on Wall Street while offering opportunities for individuals to participate in crypto investments. The fusion of internet culture, meme-inspired humor, and decentralized finance has captivated a wide array of investors, with prominent personalities already taking notice of this remarkable venture.
One prominent example is Elon Musk, who has occasionally interacted with the Wall Street Memes Twitter profile. The interaction between the Twitter and Tesla CEO has sparked a great deal of interest from investors as they seek to understand how one of the world’s richest men came across a presale project in its earliest stages;
🤣— Elon Musk (@elonmusk) April 22, 2023
The interest from Elon Musk has investors believing that another Tweet from the self-proclaimed Dogefather would help to deliver WSM to mainstream audiences, planting the seeds that sent PEPE soaring earlier in the year.
In addition, the fact that Wall Street Memes has already attracted over one million followers across its social media profiles has experts believing that this puts it in a guaranteed position to be listed on tier-1 exchanges once the presale ends. This is because tier-1 exchanges would love to take advantage of the trading fees generated by humungous trading volumes.
The project managed to gather such a huge following in a short period of time because it’s connected to Wall Street Bulls, a prominent NFT collection that sold out its entire 420 NFT collection in just thirty minutes in 2021. Now, that same community is back to follow and support Wall Street Memes to the successful end goal. Although the project doesn’t provide any intrinsic utility, the strength of the project certainly lies in the robust community supporting it.
Lastly, investors are confident about the future growth of Wall Street Memes because the team hasn’t allocated any WSM tokens for themselves – demonstrating their long-term commitment to the project. Instead, 100% of the 2 billion token supply is earmarked for the community, with 50% of the tokens being sold in the presale. The remaining 50% is dedicated to adding liquidity to centralized and decentralized exchanges and providing airdrop for loyal community members.
After raising over $8.5 in under four weeks, the Wall Street Memes presale is certainly blazing through its presale. The presale currently sits in the sixteenth stage, selling the token for $0.0295. However, it uses a rising pricing strategy, so the WSM cost constantly increases during each subsequent presale stage. As a result, investing earlier provides buyers the benefit of leaving the presale with higher returns once the token hits tier-1 exchanges.
Wall Street Memes has captivated investors’ attention in such a short time and is primed to surge following a favorable outcome in the Ripple vs. SEC lawsuit.
yPredict – Using Artificial Intelligence to Help Traders Make Wiser Decisions
The next presale project that’s starting to appear on the radar of prominent investors is yPredict, a next-generation AI-based trading research and analysis platform that provides traders with data-driven insights to help them make better trading decisions.
The project has created a range of products designed to provide insights into the market through state-of-art financial prediction methods and metrics built with alternative data to let traders make more informed decisions. Overall, the team of AI and ML experts, financial quants, and successful traders have created cutting-edge trading research and analytical tools for the trading community.
The best part about the project is that it has created a token economy that provides powerful utility as more users flock to the platform. The native token behind the project, YPRED, is required to access the flagship features on the platform – ensuring that it will always have value moving forward for investors.
For example, prospective platform users must hold YPRED tokens to access the yPredict Analytics product, which helps traders regain their edge in the financial markets. As human behavior is predictable, traders can get a statistical advantage by leveraging the advanced AI algorithms developed by yPredict. The product offers a new breed of trading tools entirely powered by AI that auto-detects over 100 chart pattern breakouts and alerts traders to emerging trends with a confidence score. Furthermore, it can also provide sentiment, indicator, and transaction analysis so traders will always be up-to-date with the most relevant market movements.
Another flagship feature of the platform that requires the YPRED token is the yPredict Marketplace, which allows AI/ML developers to use their skills in finance and list their own model prediction methods as a results-as-service product. Traders can browse the marketplace to find high-performing prediction models and subscribe to the model on a monthly basis using YPRED tokens. Developers listing the prediction model will receive 70% of the revenue, with the remaining 30% reinjected into the ecosystem.
🚀 Embark on an extraordinary AI-powered journey with #YPredict! It's not just a utility token, but a gateway to a world of groundbreaking products and possibilities. 🌐🔬— yPredict.ai (@yPredict_ai) June 12, 2023
💡 Experience unparalleled marketing excellence with our industry-leading content editor, designed to… pic.twitter.com/heQoBiRmPS
The platform also hosts plenty of free-to-access features. For example, it has a Market Predictions product, allowing users to check the latest asset price predictions generated through in-house developed predictive models. This section is completely open to everybody and serves as an inbound traffic system for yPredict.
Overall yPredict provides a unique opportunity for investors to get positioned early in a groundbreaking project that will grow as traders start to realize its potential. The presale is sitting in the sixth stage, selling the token for $0.09. The YPRED token is expected to list on exchanges for $0.12, providing notable returns for early investors.
Ecoterra – Earn From Recycling and Help Cultivate a Sustainable Future
The final project that experts believe will likely skyrocket following a favorable Ripple verdict is Ecoterra, a project completely focused on rewarding people for taking action on climate change. Ecoterra has developed a Recycle2Earn application that morphs the concept of GameFi mechanics to reward users who recycle their waste and help cultivate a sustainable future.
The project is designed to reach a wide range of users, from individuals to small businesses and large corporations to governments. Its main objective is to educate the public on the need for recycling and provide them with a solid incentive to do it. Users will be rewarded every time they recycle – so long as they follow the steps outlined in the application.
The team has ensured to make the earning process as seamless as possible, letting users start earning in three simple steps; Scan, Recycle, and Earn.
The first step is to simply scan the barcode on a recyclable product. This includes items such as plastics, aluminum, and glass. The AI-powered database will find an instant match to provide the user with an estimated quote about how much they could earn for recycling.
The next step is to head to the nearest Reverse Vending Machine (RVM) to recycle. The app will guide the users to the nearest RVM, which is available to the majority of metropolitan citizens. Users simply have to place their items in the RVM to start the recycling process.
Finally, users must upload their receipts to the Recycle2Earn application to earn rewards – it’s as easy as that.
Overall, Ecoterra has cleverly used Web3 technology to create a great ecosystem to help the world become more sustainable. The presale for Ecoterra is currently underway, raising a total of $5.2 million as investors rush to position themselves early in the groundbreaking eco-friendly Web3 project.
In conclusion, as the climax of the legal battle approaches, it is no surprise that investors are scrambling to secure positions that hold the potential for substantial future growth, fully aware of the parabolic impact a favorable outcome would have on the entire market.
With the countdown to the judge’s ruling ticking away after more than two years of anticipation, the window of opportunity to strategically position yourself is rapidly closing. The three projects highlighted in this article emerge as compelling options, all set to deliver significant gains once their presales conclude and their tokens make their way onto tier-1 exchanges.
As the industry braces for this historic verdict, savvy investors recognize the urgency of taking calculated steps to seize the potential opportunities that lie ahead. The Ripple-SEC saga has drawn considerable attention, making it crucial for individuals to stay vigilant and prepared to navigate the evolving landscape of the cryptocurrency market.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com