In December 2021, Musk announced in a tweet that “ Tesla will make some merch buyable with Doge and see how it goes.” And this one could pay off in the coming year. Of course, that likely doesn’t matter to those who have generated real profits and who are still searching for “cheap” cryptocurrencies. This is the same type of speculation that drove GameStop up by more than 400% in a single week in 2021. Last year, the cryptocurrency rose sharply based on hype on message boards and tweets by Elon Musk. Unlike many other cryptocurrencies that serve actual functions, Dogecoin was created as a satirical take on Bitcoin. 1, especially compared to its 52-week high of $0.3388. The coin is certainly “cheap” at less than $0.07 per coin as of Sept. XRP’s price is down considerably compared to a year ago, and you can buy it for well under $1.ĭogecoin originated as something of a joke, but it has become quite real for those who have profited from it. The expectation that Ripple would announce its IPO after the SEC lawsuit has been resolved gained traction recently when CEO Brad Garlinghouse told CNBC that it would, in fact, explore the possibility of an IPO.
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Ripple bought back $200 million in Series C shares from one of its investors in what analysts say is a move to strengthen its balance sheet before going public, FXStreet reported. However, a new lawsuit by a government watchdog group - alleging that SEC officials are biased against Ripple and XRP - could help to resolve the suit against Ripple in investors’ favor.ĭespite the uncertainty surrounding the suits, Ripple’s On-Demand Liquidity payment product grew ninefold between the second quarter of 2021 and the same quarter in 2022, according to the company’s July 28 XRP Markets report. Securities and Exchange Commission, which alleges it engaged in unregistered securities trading. Ripple is currently embroiled in a lawsuit brought by the U.S.
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