The post Ripple Victory Far From Complete As SEC Appeals Decision, Sends XRP Investors Into Panic appeared first on Coinpedia Fintech News
Recently, XRP investors panicked as the United States Security and Exchange Commission (SEC) appealed a court ruling on its four-year-long battle with Ripple (XRP). Further, crypto investors from all regions are rushing to enter the WallitIQ (WLTQ) ongoing presale. This article discusses how the SEC’s appeal will affect XRP price and why it is important for you, as a savvy investor, to join the WallitIQ (WLTQ) presale.Â
WallitIQ (WLTQ) Shaping A New Era For Decentralized Crypto Wallet
WallitIQ (WLTQ) is a next-generation Crypto wallet that merges AI-powered solutions and decentralization to give users complete control over their assets. It enables them to store, manage, and carry out transactions without the authorization of a third party. While the decentralized wallet ecosystem has empowered users to take control of their assets, it is still plagued by three problems: security, limited financial literacy, and user experience.
WallitIQ (WLTQ) thus introduces intelligent security. AI algorithms track normal user behaviour and transaction patterns and can detect unusual activities that can indicate security threats. WallitIQ (WLTQ) also goes a notch further in terms of security by replacing pins and passwords with biometric authentications. The WallitIQ (WLTQ) team also designed the wallet with a user-friendly interface and a personalization feature, which makes the wallet interface customizable to suit each user’s needs.Â
Users can also set custom alerts that help them stay informed about the crypto market’s current condition or even the real-time performance of selected cryptocurrencies without actively monitoring the market. WallitIQ (WLTQ) also features an AI-powered portfolio management system that equips users with insights on how to navigate the complexities of the crypto space through strategic recommendations and advanced risk management tools.
In addition, at the wallet’s core is its native token, WLTQ, which functions as a standard ERC-20 token. WLTQ powers the WallitIQ (WLTQ) ecosystem and enables token holders to actively participate in how decisions are made on the ecosystem through voting in its DAO. Further, users who hold WLTQ will gain access to premium packages and earn up to 180% APY as a reward for staking the token.
XRP Price Wobbles As Investors Panic
Ripple (XRP) investors were thrown into a state of confusion as XRP price tumbled by about 11% when the US SEC decided to appeal a 2023 federal court ruling on Thursday, October 3, 2024. In 2023, US district court judge Analisa Torres ruled in favour of Ripple (XRP), indicating that XRP is not a security when sold to retail investors via exchange.Â
After the ruling, XRP price soared by 56%, rekindling investors’ hope in ripple (XRP). However, the joy was short-lived as market-wide corrections pushed the XRP price to a multi-month low, forcing it to trade sideways for some time. Meanwhile, since Ripple (XRP) only gained a partial victory against the US SEC in 2023, the regulatory body filed for the payment platform to pay a fine of almost $2 billion.
However, Judge Analisa reduced the fine to only $125 million, and the XRP price was pumped by 20% following the judgment. While Ripple (XRP) investors were taken aback by the situation causing the XRP price to suffer, Stuart Alderoty, the platform’s chief legal officer in an X (formerly Twitter) post, commented that the SEC’s decision to appeal was unsurprising. Interestingly, the decision came a few hours after crypto assets manager Bitwise filed for a Spot XRP ETF. According to CoinGecko, Ripple (XRP) currently exchanges hands at $0.52 and ranks 7th in the crypto market.Â
WallitIQ (WLTQ) Whitelist And Conclusion
Since it serves as the key to accessing the WallitIQ (WLTQ) ecosystem, WLTQ has become a highly sought-after investment among investors from all regions. These investors are thus hurrying to join the WallitIQ (WLTQ) presale, which will secure their chances of getting the token in the WallitIQ (WLTQ) presale.
Further, while Ripple (XRP) investors are panicking due to the slump in XRP price, WallitIQ (WLTQ) investors’ trust in the project has been strengthened due to a recent audit of the wallet’s smart contract by SolidProof. So do not delay; secure your spot on the WallitIQ (WLTQ) presale by joining the whitelist today.
Join the WallitIQ (WLTQ) presale and community:
Join the WallitIQ (WLTQ) Community
