The American regulatory body has officially withdrawn the lawsuit against Ripple. However, the price of XRP did not react as expected.
Following this news last week, XRP increased by 16% to $2.60. The next day it fell by 8% to a level of $2.38. These disappointing results made many wonder: why hasn't XRP surged to $10 or more?
Why hasn't XRP exploded yet❓❓❓
I present an explanation and point out two key factors:
Lack of official confirmation from the regulatory body: although Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty confirmed this news, the regulatory body itself has not yet issued an official statement. This uncertainty keeps institutions and holders cautious.
Derivatives impact price stability: Armando argued that unlike meme coins, the price of XRP is heavily influenced by derivative markets, reducing the likelihood of a sudden 10-fold increase overnight.
Pantoja assured the community: 'A 10-fold rally is coming soon, but not within 24 hours.'
Meanwhile, some analysts claim that XRP's muted reaction is due to widespread anticipation of a lawsuit resolution. Last week, rumors of a settlement circulated, meaning that interested parties had already priced in this news before the official announcement.
However, while XRP's legal battles may conclude, another altcoin is rising with zero legal uncertainty – Minotaurus (MTAUR).
Altcoin rally without legal uncertainty
Unlike XRP, which relies on external catalysts, MTAUR thrives on real demand in the blockchain gaming sector. MTAUR can grow faster than XRP for several reasons. Firstly, unlike XRP, which is tied to regulatory novelties, MTAUR operates with zero legal uncertainty.
Secondly, the number of Web3 games is growing exponentially, and MTAUR is at the center of this trend. Thirdly, SolidProof and Coinsult have verified MTAUR's security and transparency, increasing holder trust.
Finally, while a 10-fold increase in XRP may take some time, MTAUR is already in a phase of strong growth. It is worth noting that its price has increased by over 175% in the last few months from $0.00004 USDT. Currently, MTAUR costs $0.00010940 USDT and can be purchased through the project's official website.
Although XRP's long-term prospects remain promising, Minotaurus (MTAUR) represents an alternative with quick growth potential without regulatory risk. Learn more about MTAUR on the project's official website.
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