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RECAP: XRP IGNITES ALTSEASON
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RECAP: XRP IGNITES ALTSEASON

XRP Ignites Incredible AltCoin Rally

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InvestAnswers
Jul 13, 2023
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NUGGETS OF ALPHA

  • Investment contracts and institutional sales of XRP were deemed unregistered securities

  • XRP programmatic sales in the secondary market were not considered securities

  • SOL/BTC pair and 200 DMA broke out for the first time since 2021

  • Crypto Market Cap minus BTC & ETH was up $40B in a day

  • Half of the top 50 altcoins have outperformed Bitcoin over the last month

  • The Altcoin Season index is back up to 47

  • If XRP is not deemed a security by the courts, then nothing sold via CEXs should

  • After eight years, XRP still inflates at 20%; the top 10% own 99% of the supply

  • Tesla will use India as an export base for its electric vehicles

  • Founder of Celsius, Alex Mashinsky, was arrested

  • Headline inflation slid from 9.1% in June ‘22 to 4% in May; now 3% in June ‘23


Today we will explore what is happening in the Crypto markets and why it is so profound. The Ripple case has turned on the SEC and is bringing new capital into the cryptoverse.


Congressman Tom Emmer, House Majority Whip, calls the Ripple case a "monumental development" and advocates for making the ruling into law and the Securities Clarity Act. He is trying to

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