In a surprising development, Ripple shares on the Linqto platform have experienced a significant surge in prices, leading to speculation about the reasons behind this increase. Financial expert Linda Jones has provided valuable insights, dispelling notions of insider knowledge and shedding light on the driving factors behind the surge.
The price of Ripple on Linqto is increasing bc more people r buying the stock. They have a new tech that gives #Ripple liquidity & with each trade the price increases. This is not about "insiders" knowing something, but retail does think an IPO is not far away, hence buying more. pic.twitter.com/S2w3TaeHXH
— Linda P. Jones (@LindaPJones) June 9, 2023
The Ripple Share Surge Unveiled
Ripple shares on Linqto have seen a remarkable 60% increase in just seven days. Crypto influencer BitBoy initially suggested that insider knowledge regarding the ongoing Ripple vs. SEC case could be behind the surge. However, Linda Jones offers a different perspective, emphasizing other factors contributing to this growth.
Jones highlights that the surge in Ripple share prices is primarily driven by an influx of retail investors entering the market. Ripple’s implementation of new technology has enhanced liquidity, resulting in price increases with each trade. Retail investors, anticipating Ripple’s future prospects, are eagerly investing in the shares, thus driving the surge.
Jones debunks claims of insider knowledge influencing the share surge, stating that it is the anticipation of an impending initial public offering (IPO) that is driving retail investors to increase their investments. She asserts that this surge is a response to the positive outlook for Ripple’s future, rather than privileged information.
Jones notes that Ripple’s relatively low valuation makes it an attractive investment opportunity. Her previous calculation of Ripple’s valuation supports the notion that the current price presents an appealing proposition for potential investors.
Implications for Ripple’s Lawsuit and Future
The surge in Ripple share prices has sparked discussions about the ongoing legal battle between Ripple and the SEC. Some view the surge as a positive indication of Ripple’s prospects in the lawsuit. The anticipation of Ripple’s IPO plans has also generated excitement and speculation about the company’s future trajectory.
As Ripple shares continue to surge on the Linqto platform, questions arise regarding the outcome of Ripple’s legal battle, the timing of its IPO, and the impact on the cryptocurrency landscape.
Will the surge sustain its momentum? Can Ripple successfully navigate regulatory challenges while meeting investor expectations? Only time will tell!
Also Read – Ripple CLO Pays Homage To Ex-SEC Chair, Expresses Gratitude
Source: https://coinpedia.org/news/surprising-ripple-share-surge-wall-street-expert-exposes-the-hidden-truth/