Despite the bullish trend in 2021, the SEC lawsuit had a significant impact on XRP, Ripple’s cryptocurrency , leading to increased uncertainty surrounding its price .
The recent legal win by Ripple against the US Securities and Exchange Commission (SEC) has generated excitement around XRP . Following their victory on July 13, 2023, there was a notable surge in XRP’s price . This upward momentum continued even after the decision , with the cryptocurrency reaching $0.84. Many exchanges have relisted XRP; however, its growth has slightly slowed down.
Investors and enthusiasts are curious whether XRP will surpass $1 or if there will be a price correction. Interestingly , alongside this resurgence of XRP another meme coin called Evil Pepe has gained attention in the pre-sale market .
For those interested in purchasing Evil Pepe tokens or who may be unfamiliar with it altogether ; we have provided an overview of this Project . But before delving into that discussion: “Is XRP truly valued at $1?” Let us explore this question together…
Will XRP Become $1?
Following its peak of $0.8468 on July 19, Ripple (XRP) experienced a downward trend over the next four days .
Nevertheless, XRP’s value remains significantly higher compared to two weeks ago . Digital assets have risen by 55% in recent times, with a 46% increase last month and an impressive 99.4% surge since the beginning of the year.
These notable gains have prompted Ripple Labs to expand its operations into the UK and Ireland .
In pursuit of this objective, Ripple, the entity behind XRP , has submitted an application for regulatory compliance with the Financial Conduct Authority (FCA) in order to obtain a license for operation within UK regulations .
The FCA is known as a strict regulator that advocates for new marketing rules which would prohibit crypto incentives . This development follows positive progress made in the SEC case against Ripple . Judge Analisa Nadine Torres ruled on July 13 that XRP should be considered both a commodity due to sales to individual investors and a security through sales to institutional investors.
The XRP community is encouraged by Ripple’s ambitions to establish itself in the UK particularly if it secures approval from the Financial Conduct Authority (FCA) . However , technical indicators suggest bearish momentum for Ripple price at present.
While reaching $1 may require some additional time for XRP, there is growing attention around Evil Pepe during its pre-sale phase . The recently launched Evil Pepe coin has already approached close to $1 million in pre-sale volume…
What Makes Evil Pepe Special?
Due to the recent success of Pepe Coin (PEPE), which drew inspiration from Pepe the Frog, it has made a lasting impact on the collective memory of people . This has led to a notable transformation within the meme coin market . Similar to other popular meme coins , it has also served as an inspiration for various derivative coins. Typically such ventures are characterized by their affordability and limited progress. However, this is not the case with Pepe Coin startups .
Among these startups are imitations like Pepe 2.0 and Saudi Pepe that have managed to attract significant investor attention and achieve considerable success . Currently , there is optimism surrounding Evil Pepe (EVILPEPE), a new cryptocurrency described as the “evil counterpart of Pepe Coin,” which has quickly gained popularity in the market .
This phenomenon can be attributed to several factors including the early-stage nature of Pepe Coin and its initial value appreciation . Many investors have experienced sudden wealth due to investments made in Pepe Coin during its rapid and substantial growth phase . As a result , some individuals are now exploring potential advantages associated with purchasing Evil Pepe tokens at this later stage.
Evil Pepe Mixes Two Memes
The team has combined two popular internet memes to create a fresh meme , resulting in the birth of a brand new concept . Pepe, known for generating significant attention for Pepe Coin and the mischievous Kermit with his inclination towards making poor decisions inspired this creation.
Currently, there is an ongoing pre-sale that is progressing rapidly . Although it has recently commenced , it has already reached close to $1 million in value.
Investors who join at this stage have the potential to obtain EVILPEPE tokens valued over $2 million .
EVILPEPE possesses a total token supply of 6.6 billion . In its initial offering phase, a substantial portion consisting of 5.994 billion tokens (equivalent to 90% of the total supply) are available for purchase , allowing individuals active involvement in the process .
Another distinctive aspect is that there exists only one phase within its pre-sale campaign where each token can be acquired at a fixed price point . Those interested in obtaining Evil Pepe tokens can do so at a single price tag of $0.0003330 per token with an upper limit set at $1.996 million .