This is XRP’s silver lining after the SEC appeals the Ripple case: details

TL;DR

XRP saw an uptick in social media discussions due to Bitwise’s ETF filing and renewed developments on Ripple’s anti-SEC front. Aptos (APT) gained momentum with its expansion into Asia, while Chainlink (LINK)’s recent popularity is tied to the SWIFT partnership. Increasing buzz around XRP

Crypto analytics platform Santiment estimated that Ripple’s native token has seen the biggest increase in social media discussion of late.

One element that plays a role is Bitwise’s filing for an XRP exchange-traded fund (ETF). As reported by CryptoPotato, the company registered the product in Delaware, sparking excitement and anticipation among the community that an ETF linked to the asset could be on the way.

XRP is also trending due to the US SEC’s decision to appeal a 2023 verdict set by Federal Judge Torres. The magistrate then ruled that Ripple’s secondary token sales did not constitute securities sales.

The regulator had until Oct. 7 to fight back, and many market watchers envisioned the end of the long legal battle if it had remained silent. The appeal filed, however, means that the lawsuit may drag on for several more years, causing a new layer of uncertainty.

The price of XRP reacted negatively to the news, falling by double digits to a monthly low of approximately $0.51. It recovered slightly in the past few days, currently trading around $0.52 (according to CoinGecko data).

XRP Price, Source: CoinGecko The other trending cryptocurrencies

According to Santiment, Aptos (APT) and Chainlink (LINK) rounded out the top 3 digital asset clubs that witnessed the most discussions.

Aptos Labs recently signaled its intentions to expand its presence in Asia by agreeing to acquire Japanese non-fungible token (NFT) service provider HashPalette.

“Japan is a key market for Aptos Labs. The agreement to acquire HashPalette and the migration of HashPort’s palette chain to Aptos are critical first steps in empowering Japanese companies and developers with cutting-edge blockchain technology,” said Mo Shaikh, founder and CEO of Aptos Labs.

APT’s growing popularity can also be linked to Franklin Templeton’s launch of his US Government Money Fund (FOBXX) on the Aptos blockchain.

“This integration represents a key milestone in TradFi’s fusion with decentralized technology, further positioning Aptos as the leading network for secure, cost-effective and interoperable financial solutions,” stated the team behind the blockchain platform.

APT’s price is among the best performers in the market after the aforementioned developments. It is currently worth about $8.60, which represents a 20% increase on a two-week scale.

APT Price, Source: CoinGecko

Chainlink (LINK) ranks third for the biggest social buzz. Santiment noted that industry participants are excited about SWIFT’s collaboration on blockchain technology.

“There have been successful trials with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and its role in connecting various blockchain networks for financial institutions,” the analytics platform said.

SPECIAL OFFER (Sponsored) Binance Free $600 (Exclusive to CryptoPotato): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!