Ripple made an announcement that shocked and surprised the whole crypto industry. A US judge handling the case between the Securities and Exchange Commission and XRP has ruled that XRP isn't a security.
This has given many cryptocurrencies the chance to increase in price with XRP. The Ripple and SEC case has been long-existing, which makes Ripple's lawsuit win a phenomenal one. In fact, Ripple's SEC win sent the coin's price flying up to 70% in gains.
In this article, you will find some of the best-placed cryptocurrencies that may increase in price due to the latest XRP ruling.
Binance Coin (BNB)
Binance token is the native cryptocurrency of the largest crypto exchange, Binance. Besides that, it is one of the cryptocurrencies that has been consistent with increasing in price at any slight opportunity. With the win in the Ripple SEC lawsuit, BNB can increase massively in price.
Chiliz is one of the coins similar to XRP, which you should consider adding to your wallet if you want to invest in tokens that may increase in price due to the new XRP court ruling. It is crypto that is said to be developed for sports fans that want to support their favorite teams and stars. Since the XRP court ruling, it has seen some slight bullish trends.
Polkadot is also well-positioned to benefit from the bullish trends coming from the declaration that XRP is no longer a security. Within the next few days, it is expected that the cryptocurrency will be bullish.
Basic Attention Token (BAT)
Basic Attention Token serves a real utility in the crypto industry, as well as the Web3 space. BAT is mostly used in the Brave Browser, where users are rewarded for some of the advertisements on the platform. It is well-positioned to be one of the cryptocurrencies to benefit from the new XRP ruling.
Although it has taken some hits within the past 24 hours, Ethereum saw its price increase significantly after XRP broke its win in court. Within the past 24 hours, there were times when the cryptocurrency increased by more than 1%.
Chainlink is one of the most important crypto projects that has come out of decentralized finance. Since it has a real utility within the payment sector, Chainlink is well-positioned to benefit from the bullish trends coming up with the latest development on XRP court cases.
Stellar Lumens (XLM)
XLM is one of the coins similar to XRP, as they both position themselves as a cryptocurrency that will help reduce payment problems. One of the major selling points of XLM is that it offers different payment services with low transaction fees.
Like other cryptocurrencies, Cardano has taken some hits in a minor bearish trend. But within the past 24 hours, most of its price chart has been filled with bullish trends.
OMG token is another cryptocurrency that may benefit from the bullish trends coming from the new XRP court ruling. It has some similarities with XRP as it can be used to make payments. In fact, the mission of the crypto project is to provide financial services for the unbanked.
Nano (NANO) is designed purely as a peer-to-peer digital currency and has the same goal of helping provide financial services to those who need them. With XRP recording some wins in the law court, NANO might be among the cryptocurrencies that will benefit.
Mostly referred to as the king of meme coins, Dogecoin is already benefiting from the court ruling which favored XRP against the Securities and Exchange Commission. The meme coin has recorded some large gains within 24 hours of the XRP news breaking out.
Polygon is one of the cryptocurrencies that has been quite consistent with taking any opportunity to increase in price, and it seems the latest XRP development won't be an exception. The cryptocurrency is expected to increase by quite some margin with the news of XRP's declaration as a non-security.
Zcash's focus on the crypto industry is providing a means through which users can maintain anonymity while sending and receiving cryptocurrencies. It had already recorded massive gains when the news broke out that XRP won SEC in the court.
For many months, Solana has had many issues relating to its brand, so it definitely needs all the bullish trends. When the news that XRP isn't considered a security broke out, Solana immediately began to pump. It has touched new levels within the past 24 hours.
NEAR is an open-source platform that helps improve the development of DeFi applications. There's definitely some good signs with the cryptocurrency charts since XRP announced their victory.