Ripple V. SEC, Cardano Prices (ADA), and more: Bits Recap 7 February

TL; D

• The legal battle continues between Ripple and SEC, but the recent changes in the leadership of the regulator may prefer the company.
• Analysts predict the existence of a gathering an equivalent of Cardano (ADA), with strong essentials and high adoption, indicating a possible outbreak despite the recent low prices.
• The whales have accumulated 750 million dusks during the DIP, and analysts see $ 0.17 as a potential bottom before increasing the main price.

More changes in SEC

Over the past few years, Ripple has received some vital partial victory that appears to be the apparent position of the organizer as the weak in the legal conflict. Recently, SEC imposed some adjustments to its leadership, which can also It is explained As a good news for the company.

like Cryptopotato I mentioned, the agency Move Jorge Teniro to the Computer Systems Management Department. The law expert joined the agency 11 years ago and the appeal of the Supreme Education Council in its case against Ripple was notified.

The petition was Present In October last year, Judge Torres’s decision in 2023. At that time, she ruled that XRP sales for retail investors through central stock exchanges did not violate securities regulations.

Earlier this year, Former SEC Board Chairman, Gary Ginsner, Stem. It was the agency A very hostile approach to the encrypted currency industry During his termIt is somewhat expected that the XRP community chanted its resignation.

turn Succeed Written by Mark Oida, who is a supporter of Karboto and even criticize Previous SEC leadership to launch a war on the Strip.

Ada Bull Run on the cards?

Kardano’s original symbol has suffered a decrease in the market at the beginning of the working week and is currently deep in a 7 -day red scale, as it is circulated for approximately $ 0.71 (per Coingecko data).

However, many participants in the industry Believe The new emission can be just around the corner. This is the case with Ali Martinez, who noticed ADA’s performance in the past years and assumed It might be “at the beginning of the monster reward.”

The X Lucky user was also optimistic, as he told more than two million followers on the social media platform that “the strong basics and high adoption make Cardano a strong bet before the next big step.”

Doug price predictions

Finally, not another, we will look at the Og Meme -Dogcoin (Doge) coin. Similar to Ada, it has also drowned with double numbers last week, but some factors indicate a possible reflection.

Martinez recently Detected The whales accumulated 750 million symbols during the correction, describing the move as a “strong sign of confidence in the market”.

For their part, X AMCRYPTO and Kaleo users have identified predictions for the near future. the previous imagine A possible decrease to $ 0.17 before running to the highest new level ever.

Calo Claim The current price level of $ 0.25 is “a strong and free entry in practice compared to the place we will see after a few months from now.”