In a recent tweet, a leading news trader nicknamed "Tree of Alpha" stated that the best news for crypto traders right now would be a positive decision on the status of XRP in the SEC case against Ripple. The trader believes that if XRP is found not to be a security, it will send it and the other top 300 cryptocurrencies to "Valhalla," meaning a significant jump in their prices.
Gamza KhanzadaevThe trader noted that the SEC is aggressively trying to brand everything on the cryptocurrency market as securities in need of regulation. Therefore, an apparent victory over the regulator would be a significant defeat for them and create a hindrance to any future cases they may bring against other altcoins and crypto companies.
I am not, hoping to be on PC then, pushovers are set up, and if I miss it I retire and/or seppuku.
— Tree of Alpha (@Tree_of_Alpha) April 13, 2023Advertisement
When asked by a follower about using bots to profit from a possible decision regarding XRP's status, Tree of Alpha stressed the unpredictability of where the news would come from as well as the form of the verdict. He explained that the decision could be reported from a variety of sources, such as case files, Bloomberg or a random Twitter account, and it is likely that traders will not be able to understand the verdict the first time around. That is why it is important to stay informed in order to make informed trading decisions.
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