Ripple v. SEC Lawsuit Updates, Cardano (ADA) Price Predictions, and More: Bits Recap Feb 7

TL;DR

• The legal battle between Ripple and the SEC continues, but recent changes in the regulator’s leadership may favor the company.
• Analysts predict a parabolic rally for Cardano (ADA), with strong fundamentals and rising adoption signaling a possible breakout despite recent price declines.
• Whales accumulated 750 million DOGE during the dip, and analysts see $0.17 as a potential bottom before a major price surge.

More Changes at the SEC

Over the past few years, Ripple secured some vital partial court wins that seemingly positioned the regulator as the underdog in the legal tussle. Most recently, the SEC enforced some amendments to its leadership, which could also be interpreted as good news for the company.