Crypto News: Ripple (XRP) Won Case Against SEC. Pikamoon (PIKA) Close to Raising $4 Million in Presale

This year, the crypto market has seen some very eventful weeks and this week has been one such week. Breaking off the volatility of the market, two top projects, Ripple (XRP) and Pikamoon (PIKA) hit new heights recording good news in different areas.

For Ripple (XRP), it was victory at last as the project and its community got relief from their long draw of suspense when the judge ruled in their favor in their case against the Securities and Exchange Commission (SEC). While Pikamoon (PIKA) continues to break more records as the high-flying project raises close to $4 million in its ongoing presale. More details below.

Ripple (XRP) vs. Securities and Exchange Commission (SEC)

A US federal judge has partly favored Ripple Labs in a Securities and Exchange Commission (SEC) lawsuit accusing the San Francisco-based blockchain developer of putting out an unregistered security offering with its XRP token.

After a long period of end-to-end requests from both sides, the court ruled that while Ripple's institutional sales of XRP indeed constitutes an unregistered securities offering, programmatic sales were not. Quoting the judge's ruling, "having considered the economic reality and totality of circumstances, the Court concludes that Ripple's Programmatic Sales of XRP did not constitute the offer and sale of investment contracts."

This summary judgment comes after an extensive three-year-long legal tussle. Legal experts also believe this ruling could set a judicial precedent for future cases of token classification. On the back of this, XRP's price has shot up 96% since the ruling, gaining ground over other cryptocurrencies judging by their market caps. Plus, the Ripple (XRP) token is getting back on the list of major exchanges like Binance.US, Kraken, and Coinbase.

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Pikamoon Presale Smashes Sales Record with Close to $4 Million Sales So Far

The Pikamoon presale has been successful, far beyond expectations, starting its early sales by smashing a six-figure record. Then, the presale proceeded to sell out the first and second phases in record time, delivering an impressive 300% increase in profit during that run. Now, as its third and final presale phase sells out faster, $PIKA already raised close to $4 million so far in sales and is still selling more. This sales figure is as more investors continue to jump ship and accumulate this token to not miss the predicted 10,000% profits experts mentioned will happen before the end of the year.

More so, its present price of $0.0006 per token is an easy entry price for investors, opening the door for more investors to be part of this profit galore this year. Experts recommend joining early, and are confident this token will deliver as predicted due to the following features:

Novel GameFi Setup

Pikamoon's GameFi setup embraces innovations and stands out in many ways. This project is headlined by the Pikamoon Adventure, a play-to-earn game set in the Pikaverse where gamers, across four thrilling playing tiers—earth, water, fire, and electric— play to earn crypto rewards as they build empires, win adventure contests, and hunt bounties.

For a better shot at success in these activities, this project adds an innovative marketplace for gamers to boost their playing avatar and exchange their crypto rewards for fiat.

With Pikamoon (PIKA), GameFi hits new standards and earns the support of crypto bigwigs.

Consistent Growth Thanks to Its Use Cases

$PIKA is an integral part of this project, with several use cases aside being the in-game token.

This hybrid play-to-earn and meme coin is also the reward token for gamers, the purchase and exchange token on the marketplace, and the utility token for a chance to win one of the Pikamoon NFTs. Thanks to its multiple use cases, PIKA enjoys rapid growth as it's always in high demand and the scarcity it creates also increases its value.

Favorable Experts Prediction for 2023

Top industry analysts and investment experts have predicted that Pikamoon (PIKA) will continue its rapid growth and deliver explosive returns this year. They expect this GameFi sensation to exceed the 300% growth it delivered in the ongoing presale.

Hence, buying PIKA will get you a ticket to enjoy these explosive profits this year once they start coming.