According to YouTube analyst Crypto Capital Venture, a ruling in favor of Coinbase against the SEC could trigger an altcoin surge, potentially increasing assets like ADA by up to 100%. The decision is crucial, especially considering recent events leading up to it.

Shortly after the SEC allowed Coinbase to go public, Gary Gensler from the SEC raised concerns about the lack of regulatory framework for exchanges trading these assets. Additionally, the judge overseeing the Ripple case recently declared XRP as not a security, causing uncertainty in the market due to the lack of clarity.

When looking at the daily charts of XRP, there was a 100% surge in July 2023, followed by a significant drop back to previous levels. On the other hand, Bitcoin and the overall crypto market are still far from reaching bull market levels. However, with the Bitcoin halving approaching, which typically leads to price improvements, the analyst predicts a positive outlook for prices in 2024.

The analyst suggests that the crypto market is more bullish as we enter 2024, especially considering the optimistic sentiment surrounding spot Bitcoin ETF approvals. Specifically, when comparing the Cardano (ADA) chart to XRP, there is a possibility of a 100% surge in ADA, especially with the potential approval of spot Bitcoin ETFs. Despite uncertainties, the market seems poised to make a decision soon.

For more insights on regulatory battles and trends in 2023, check out our latest articles on Global Crypto News.

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