Ripple's Landmark Win: Exploring the impact on Cryptos like … – Euro Weekly News


By Guest Writer • 23 July 2023 • 8:30

In a significant development for the cryptocurrency market, a judge recently ruled that XRP, the digital asset associated with Ripple Labs, is not a security. This landmark win for Ripple had a resoundingly positive impact on the cryptocurrency landscape, leading to a surge in market confidence and a rally in various cryptocurrencies. In this article, we will examine the implications of Ripple’s legal victory and delve into the subsequent effects on Binance Coin (BNB), Polkadot (DOT), and the potential benefits for a new meme coin in the market, DogeMiyagi (MIYAGI).
The ruling that XRP is not a security in the Securities and Exchange Commission’s (SEC) case against Ripple marked a major victory for the company. This decision provided clarity and regulatory certainty for Ripple, boosting investor confidence and igniting optimism in the cryptocurrency market. The ruling reinforced the notion that cryptocurrencies can function as assets outside the scope of securities regulations, potentially paving the way for increased adoption and innovation within the industry.
Binance Coin (BNB), the native cryptocurrency of the Binance exchange, experienced a significant upswing in the wake of Ripple’s legal win. The favourable outcome for Ripple created a ripple effect in the market, instilling renewed investor confidence and driving broader market gains. BNB, as one of the leading cryptocurrencies, benefited from this positive sentiment, witnessing an increase in demand and an upward price movement. The improved market sentiment and increased trading volume surrounding BNB demonstrated the influence of positive regulatory developments on individual cryptocurrencies.

Another cryptocurrency that experienced a notable surge following Ripple’s legal victory was Polkadot (DOT). Polkadot, an innovative blockchain platform facilitating interoperability between multiple blockchains, witnessed a surge in investor interest and market capitalisation. As the cryptocurrency market rallied, Polkadot emerged as a beneficiary, with investors seeking opportunities beyond the established cryptocurrencies. The positive sentiment surrounding Ripple’s win helped drive increased attention and investment into Polkadot, showcasing the interconnectedness of various cryptocurrencies and their reactions to significant industry developments.
DogeMiyagi (MIYAGI) establishes itself as a decentralised meme coin that thrives on vibrant community engagement. The amalgamation of Doge and Mr Miyagi from Karate Kid within MIYAGI taps into the passionate followings associated with these iconic memes. The essence of Mr Miyagi’s character permeates the very essence of this meme coin, influencing its entire concept. Crypto enthusiasts searching for a meme coin that embodies principles of respect, integrity, and a deep commitment to the environment and community will discover solace and a sense of belonging in DogeMiyagi.
As a fresh entrant in the market, DogeMiyagi stands to reap the benefits of the positive market sentiment and heightened attention triggered by Ripple’s groundbreaking triumph. The ruling has fostered a promising environment for emerging tokens like DogeMiyagi to flourish and gain prominence. The newfound investor confidence and rekindled fascination with cryptocurrencies have the potential to draw attention to DogeMiyagi’s innovative features and its unique value proposition. Moreover, DogeMiyagi’s focus on meme culture and its philanthropic endeavours align perfectly with the burgeoning trend of community-driven cryptocurrencies, further augmenting its potential to ride the wave of positive market sentiment.

Ripple’s legal victory not only reverberated across the cryptocurrency market but also underscored the interconnectedness and influence of significant developments on individual cryptocurrencies. BNB and Polkadot stood out as notable beneficiaries, experiencing substantial price surges and investor interest surges. As a nascent token, DogeMiyagi can capitalise on the prevailing positive market sentiment and the increased attention garnered by Ripple’s triumph. The ruling has forged an environment conducive to the growth of emerging tokens, and DogeMiyagi’s innovative features and community-driven approach position it favourably to leverage the current market conditions.
WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.
Share this story
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.

Your email address will not be published. Required fields are marked *

Known as the PEOPLE’S PAPER, Euro Weekly News is the leading English language newspaper in Spain. And it’s FREE!
Covering the Costa del Sol, Costa Blanca, Almeria, Axarquia, Mallorca and beyond, EWN supports and inspires the individuals, neighbourhoods, and communities we serve, by delivering news with a social conscience. Whether it’s local news in Spain, UK news or international stories, we are proud to be the voice for the expat communities who now call Spain home.
With around half a million print readers a week and over 1.5 million web views per month, EWN has the biggest readership of any English language newspaper in Spain. The paper prints over 150 news stories a week with many hundreds more on the web – no one else even comes close.
Our publication has won numerous awards over the last 25 years including Best Free Newspaper of the Year (Premios AEEPP), Company of the Year (Costa del Sol Business Awards) and Collaboration with Foreigners honours (Mijas Town Hall). All of this comes at ZERO cost to our readers. All our print and online content always has been and always will be FREE OF CHARGE.
© 2023 EWN Media. No part of this website may be reproduced without written permission from the publishers. All rights reserved. Supported by WP Advisor.
Subscribe to our Euro Weekly News alerts to get the latest stories into your inbox!
By signing up, you will create a Euro Weekly News account if you don’t already have one. Review our Privacy Policy for more information about our privacy practices.
Download our media pack in either English or Spanish.


Leave a Reply

Your email address will not be published. Required fields are marked *