Ripple (XRP), Solana (SOL) and Orbeon Protocol (ORBN) remain investor favorites - Here's why
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Ripple vs SEC inches slowly but surely towards a conclusion, one which many hope will be bullish for crypto. Solana continues to have network problems but its scaling solution is still the fastest currently available. Orbeon Protocol shows enormous gains entering the 9th stage of presale with already a price increase of 1988%.
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At the beginning of 2018, XRP became the second largest crypto by market cap, and made a swathe of crypto millionaires. XRP is not, as is often thought, intended to become a payment system, but rather was developed as a new method of calculation for the existing banking system, making transactions faster and cheaper.
Sadly for many of those millionaires who forgot to take profit, much of the gains seen when the coin hit its highs of $3.84 were reversed by changing market conditions, and the SEC’s aggressive pursuit of Ripple. XRP is currently trading at around $0.37.
Although it often seems as though the two entities' fight will never end, the most recent developments in the case suggest that a win is more likely for Ripple than previously thought, the key question being is XRP considered a security and if so, since when? Relevant SEC Emails were found dating back to 2017, when Ripple raised its capital. Whilst the content has not been disclosed publicly, the response of the founder seems to suggest that ETH and therefore XRP, were not classified as securities back then. This is bullish news for XRP holders and perhaps for the entire crypto market.
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A lot of the hype surrounding Solana is related to the fact that it is a
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