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A U.S. federal court judge’s ruling stated that the Ripple Labs’ XRP is not a security, which led to a surge in XRP around 100% on Thursday, due to which some other altcoins have been improving across the market.
Some Altcoins, considered securities by the U.S. Securities and Exchange Commission(SEC), have also benefited as the market saw a surge after the judge’s ruling in the Ripple vs. SEC case.
XRP is currently trading around $0.72 in the market and has risen by about 100% since the victory against the SEC.
Solana(SOL), a popular altcoin that has been trading at around $26, has seen 17% growth in a day and a 32% rise in a week, according to CoinGecko.
Meanwhile, Cardano(ADA) is trading at $0.32, after a 13% daily gain while Stellar Lumens(XLM) is at a 35% gain for the day and currently trading above $0.13.
Ethereum Scaling Network Polygon(MATIC) trading at $0.84 has seen a growth of around 16% on the day, which leads to 27% growth this week.
Filecoin(FIL) has been getting favorable this month as it is trading at $4.55 and has seen an increase of 25% in the current market value at a minor gain of 6% on the day.
While Cosmos Hub(ATOM) showed 6% growth on the day, currently trading at $9.60 and around a 12% increase last month.
Analysts appreciated the judges ruling on the positive side for the wide crypto space providing clarity to investors and traders.
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