Here is the rewritten content:
More Changes at the SEC
Over the past few years, Ripple has secured some vital partial court wins that seemingly positioned the regulator as the underdog in the legal tussle. Most recently, the SEC enforced some amendments to its leadership, which could be interpreted as good news for the company.
As reported by CryptoPotato, the agency moved Jorge Tenreiro to its computer systems management department. The law expert joined the agency 11 years ago and signed the SEC’s notice of appeal in its case against Ripple.
The plea was submitted in October last year, challenging Judge Torres’ 2023 decision. At that time, she ruled that Ripple’s sales of XRP to retail investors through centralized exchanges did not violate securities regulations.
Earlier this year, the SEC’s former Chairman, Gary Gensler, stepped down. The agency had a quite hostile approach towards the cryptocurrency industry during his tenure, and somewhat expectedly, the XRP community cheered his resignation. His role was succeeded by Mark Uyeda, who is pro-crypto and even criticized the SEC’s previous leadership for launching a war on the sector.
ADA Bull Run in the Cards?
Cardano’s native token suffered the consequences of the market decline at the start of the business week and is currently deep in the red on a 7-day scale, trading at approximately $0.71 (per CoinGecko’s data).
However, many industry participants believe a fresh resurgence could be just around the corner. Such is the case with Ali Martinez, who observed ADA’s performance in the past years and assumed it might be "at the very beginning of a monster parabolic rally." The X user Lucky was also bullish, telling his over 2 million followers on the social media platform that "strong fundamentals and rising adoption make Cardano a solid bet before the next big move."
DOGE Price Predictions
Last but not least, we will touch upon the OG meme coin – Dogecoin (DOGE). Similar to ADA, it has also sunk by double digits in the past week, but some factors signal a potential reversal.
Martinez recently disclosed that whales accumulated 750 million tokens during the correction, describing the move as "a strong sign of confidence in the market." For their part, the X users AMCrypto and KALEO outlined predictions for the near future. The former envisioned a potential decline to as low as $0.17 before a bull run to a new all-time high. KALEO claimed that the current price level of $0.25 is "a solid entry and practically free compared to where we’ll see it a few months from now."
Conclusion
In conclusion, the legal battle between Ripple and the SEC continues, but recent changes in the regulator’s leadership may favor the company. Meanwhile, analysts predict a parabolic rally for Cardano, with strong fundamentals and rising adoption signaling a possible breakout despite recent price declines. As for DOGE, whales have accumulated massive amounts of tokens, suggesting a potential reversal may be on the horizon.
FAQs
Q: What are the recent changes in the SEC’s leadership?
A: The SEC’s former Chairman, Gary Gensler, stepped down, and Mark Uyeda, a pro-crypto leader, took over. Additionally, Jorge Tenreiro was moved to the agency’s computer systems management department.
Q: What are the implications of these changes for Ripple?
A: The changes may favor Ripple, as they could signal a shift in the SEC’s approach towards the cryptocurrency industry.
Q: What are the predictions for Cardano’s price?
A: Many industry participants believe that Cardano’s price may experience a parabolic rally, with strong fundamentals and rising adoption signaling a possible breakout despite recent price declines.
Q: What are the predictions for Dogecoin’s price?
A: Some analysts predict that Dogecoin’s price may decline to as low as $0.17 before a bull run to a new all-time high, while others believe that the current price level of $0.25 is "a solid entry and practically free compared to where we’ll see it a few months from now."
