David Gokhshtein, founder of Gokhshtein Media, revealed that he regretted buying some meme coins instead of buying more XRP. However, interest in XRP seems to be growing as Ripple fights for victory in the ongoing court battle with the United States Securities and Exchange Commission (SEC).
In addition to these, a study prepared by Santiment reportshows that XRP is among the top five cryptocurrencies with high rate of social activity and discussion. Details are here.
David Gokhshtein’s XRP Investment
Among those accumulating popular altcoin XRP and waiting for a price rally is David Gokhshtein, a former US Congressional candidate who is the founder of renowned crypto news outlet Gokhshtein Media.
Koinfinans.com As we previously reported, David Gokhshtein has announced in the past his intention to fill his portfolio of different digital currencies with more XRP. “I personally look forward to getting some more XRP,” he said.
Recently, however, the famous crypto advocate lamented that he is not buying more of Ripple’s digital token after the recent surge in the price of the famous altcoin project XRP.
I should have got more $XRP Rather than these f’ing meme tokens.
— David Gokhshtein (@davidgokhshtein) September 22, 2022
According to the Gokhshtein media founder’s tweet on Thursday, his investment in some unnamed meme coins has not yielded significant returns.
Latest Status of XRP in the Market
Currently the 6th largest cryptocurrency by market cap, XRP has grown by over 48% in price value over the past 7 days. Also, in the last 24 hours, XRP has rallied over 11%, making it the most trending token after Bitcoin (BTC) on Coinmarketcap.
According to crypto data provider Santiment, “The XRP/BTC price ratio has reached a one-year high of 0.000025 amid continued optimism of a potential deal between the SEC and Ripple. Active shark and whale addresses holding 1 million to 10 million XRP have been in an accumulation pattern since late 2020.”
This recent growth of XRP in the market can be attributed to the positive developments surrounding the XRP lawsuit filed by the SEC against Ripple Labs Inc. The SEC claims that XRP is a security, but failed to prove it beyond a reasonable doubt. Meanwhile, comments from some former SEC officials suggest that XRP is similar to Bitcoin (BTC) and Ethereum (ETH), which are not considered securities by the SEC.
It is worth noting that both parties are awaiting the Summary Judgment by Judge Analisa Torres. However, the SEC plans to seek “additional time” in the litigation process in response to the position taken by the Digital Chamber of Commerce (CDC).
Overall, the crypto community hopes that the case will be settled in favor of Ripple.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.