XRP 2023 Price Prediction After the SEC-Ripple Lawsuit – Chronoly.io (CRNO) Doesn’t Stop Rising
2022.08.31 03:13
XRP 2023 Price Prediction After the SEC-Ripple Lawsuit – Chronoly.io (CRNO) Doesn’t Stop Rising
With the ongoing SEC vs. Ripple lawsuit still limping along, XRP’s price has stayed suppressed as investors become unsure over the future of Ripple and its owner, Ripple Labs. Today, we’ll take a look at price predictions for both outcomes: whether they win their battle or face further action from regulatory bodies. We’ll also look at one token that’s been doing exceptionally well throughout all of this: Chronoly.io (CRNO).
XRP could drop significantly
In 2020, the SEC filed a lawsuit against Ripple Labs, claiming it had raised $1.3 billion through the sale of “unregistered securities” instead of cryptocurrency. If this claim is successful, it could set a dangerous precedent for the future of crypto. Following news of the lawsuit, XRP plummeted 25%. It currently trades for around $0.35 in late August 2022.
If Ripple Labs wins the lawsuit, XRP will likely see a significant price increase. Not only from investors seeing this as a hugely positive signal for the token, but also because it could let Ripple get on with their original goal of taking on the SWIFT banking system and changing the financial landscape as we know it. If this happens, we’ll likely see prices rocket as they did in April 2021, reaching around $1 to $1.50.
However, if they were to lose, then this could be disastrous for XRP. Ripple Labs CEO Brad Garlinghouse claims that losing the case is “priced in” and that losing would just maintain the “status quo.” This is wishful thinking. A decisive ruling would cause investors hopeful of a win to dump their tokens, as becoming a security and moving away from being a crypto token would change the course of Ripple Labs as we know it. XRP would likely lose the faith of the crypto market as a whole and plummet further. It’s not unreasonable to expect that XRP could fall between $0.10 and $0.20, maybe further.
Chronoly.io (CRNO) is giving investors unbelievable returns
One token that’s been doing very well throughout the lawsuit is Chronoly.io. While XRP has delivered lackluster gains, the Chronoly.io (CRNO) token is up 560% in a matter of months and is set to be the next token at the forefront of real-world utility tokens.
Chronoly.io (CRNO) wants to give you the chance to access the luxury watch market by being able to trade shares in watches worth hundreds of thousands – all for as little as $10. They’ve minted fractional NFTs backed by physical watches they hold in their secure vaults worldwide. These include brands like Rolex, Audemars Piguet, Patek Phillipe, and more. The platform’s popularity is set to be meteoric because of this fantastic real-world utility.
The Chronoly.io (CRNO) token powers its marketplace, offering a passive income through staking and discounted trading fees. It’s already seen many whales getting involved, with over 215 million tokens sold since May. Currently, it’s priced at $0.066 in phase 3 – up substantially from its phase 1 price of $0.01. Now, crypto experts are forecasting that Chronoly.io (CRNO) will reach between $0.50 and $1 by the end of presale in late September.
Find out more about Chronoly.io by visiting the official website, Telegram or Twitter (NYSE:TWTR). Learn more about the presale by clicking here.
Continue reading on DailyCoin
