Best Wallet Low Cap Coin Raises $7.6M as XRP Nears All-Time High and Market Prepares for Bull Run
January 20 2025 - 9:17AM
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Look out, here comes XRP! In the wake of the US presidential
elections, XRP’s engine began to rev. Now, with the inauguration of
President Trump only hours away, XRP is taking off! XRP Rides To
Near All-Time High Ripple’s cryptocurrency, XRP, soared to a near
all-time high, peaking at $3.31 with a 6.35% increase in 24 hours.
Mounting optimism around Ripple has fueled the charge. There’s
increased buzz about the approval of XRP-based Exchange-Traded
Funds (ETFs) and favorable developments in its long-standing legal
battle with the U.S. Securities and Exchange Commission (SEC). The
SEC initially filed a lawsuit against Ripple in 2020, accusing the
company of conducting unregistered securities offerings. However,
recent rulings have taken a positive turn for Ripple, with a judge
imposing a $125M fine—far below the SEC’s initial demand of $2B.
The SEC’s subsequent appeal comes as expected. But with soon-to-be
President Trump incoming, many investors expect the more
crypto-friendly regulatory environment to reduce the likelihood
that the SEC will win any notable reversal. In the meantime,
Ripple’s leadership has expressed confidence in the likelihood of
XRP ETFs following in the footsteps of Bitcoin and Ethereum ETFs.
CEO Brad Garlinghouse recently met with President-elect Donald
Trump, further fueling speculation about regulatory changes and an
environment turning notably pro-crypto. The nomination of Paul
Atkins as the new SEC Chair – a decidedly pro-crypto voice – is
also anticipated to pave the way for more cryptocurrency ETFs. A
New Era of Low-Cap Coins? Memecoins enjoyed a strong end to 2024
and a steady increase in 2025 so far. With Bitcoin continuing to
climb and XRP surging, the blue-chip cryptos are setting the stage
for a resurgence of low-cap coins. One such token is the BEST
Wallet token, a presale offering from leading web3 wallet, BEST
Wallet. It’s already raised $7.6M with its promise of enhanced
utility and access to the broader BEST Wallet ecosystem for $BEST
token holders. The $BEST token looks set to ride the same wave
Ripple’s XRP is on; major market momentum buoyed by strong
fundamentals and a bullish outlook from US government regulators.
The token is part of a wave of emerging crypto presales that are
poised for big moves. Trump’s presidency could make him the first
crypto president. He’s certainly going all-in on crypto, as recent
developments like his plan to start a national crypto reserve for
the US show. Trump Family Enters the Cryptocurrency Arena In a
surprising move just three days before his inauguration,
President-elect Donald Trump announced the launch of a meme coin,
$TRUMP, on the Solana blockchain. The coin’s market cap quickly
soared to over $9B following its unexpected release. First
Lady-elect Melania Trump then launched her own meme coin, $MELANIA,
which also garnered significant attention, stealing $TRUMP’s show
and raising 12B market cap in under 3 hours, before petering off.
Whether you should buy $TRUMP or $MELANIA depends on your appetite
for risk and volatility. But by all accounts, the Trump-family
tokens have already become big market movers. Of course, it’s
always best to do your own research, and don’t take anyone’s word
as financial advice! Volatility is, as always, the name of the game
with crypto. But even if nothing more than a pre-election PR stunt,
both $TRUMP and $MELANIA are clear indicators of just how
pro-crypto Trump’s administration intends to be. With $XRP and
$TRUMP surging, and $BEST set to make a move, the year 2025 is
rapidly shaping up to be a banner year for the crypto world.
Ripple (COIN:XRPUSD)
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Ripple (COIN:XRPUSD)
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From Jan 2024 to Jan 2025