$XRP could soon target $8 and $11 in the future, according to certain analysts. This further fuels the bullish sentiment on the cryptocurrency, after the US Securities and Exchange Commission (SEC) ended its lawsuit against Ripple.
Snorter Token ($SNORT) could be a huge winner from $XRP’s rise as well. The up-and-coming token is currently making waves and is coming closer to raising $3M in its presale.
XRP Poised to Surge as SEC vs Ripple Case Dismissed
$XRP cryptocurrency is currently on a roll after Ripple Labs and the SEC agreed to dismiss their appeals regarding the $125M imposed on the former.
This is big news for $XRP, which is currently hovering above the $3.20 level.
According to Ripple’s Chief Legal Officer, Stuart Alderoty, the company can now go back to business with the case finally over.
With the huge legal hurdle removed from the company behind it, $XRP is now ready to hit $8, according to analysis from News.AZ.
But the coin could go well past that price, says crypto analyst Ali Martinez. He predicts that $XRP is targeting $11 after breaking out of a bull triangle pattern.
Snorter Token Rides Bullish Wave as It Closes in on Raising $3M
The bullish sentiment isn’t just confined to $XRP and the crypto market at large, including the Snorter Token ($SNORT) presale.
Since its ICO launched in May, Snorter Token has attracted much attention from investors looking for the next big thing. The presale has raised over $2.9M to date, which should draw even more excitement when it breaks past the $3M mark.
Interest in the presale is primarily due to the project’s goal of developing Snorter Bot. It’s a crypto trading bot that makes it easy for you to snipe, trade, sniff out scams, and more.
As a Telegram-native bot, you’ll be able to do everything you need with just a few taps, so you’ll no longer need to jump from one platform to another.
It’ll also come with a honeypot and rugpull detection feature. This is critical as it’ll help you avoid scams, which can be difficult at times as you hurry to get your hands on the hottest tokens on sale.
To get the most out of the bot, you can consider getting its native $SNORT token. This will allow you to get discounts on transaction fees and enjoy governance rights. Plus, you’ll get unlimited snipes, giving you an edge over bots and whales.
$SNORT is currently priced at $0.1009. But with less than a day before the next price increase, this could be your last chance to get it this cheaply.
Alternatively, you can stake your tokens immediately after buying them. This will let you get a staking reward of 147% p.a., which may still change depending on how many tokens get locked into the staking pool.
To learn more about the project, be sure to read the Snorter Token whitepaper.
Join the Snorter Token presale today.
Clear Skies Ahead for XRP
With the Ripple vs SEC case finally put to rest, $XRP could well be on its way to bigger things. While it’s currently trading just above $3.20, it’s well-positioned to surge to $8 and then $11, according to several crypto analysts.
Of course, a bullish sentiment in the crypto market can only be good for the likes of Snorter Token ($SNORT). As one of the hottest crypto presales this year, it’s already getting a lot closer to raising a whopping $3M.
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