US Court Rules in Ripple’s Favor in Lawsuit Filed by SEC
The ruling is positive for cryptocurrencies and benefits new entrants like Chancer
Chancer could rise by double- or triple-digit percentages in 2023
Crypto is not a security. This was the message U.S. Judge Annalisa Torres delivered to the Securities and Exchange Commission in her affirmative ruling regarding Ripple’s XRP classification. The classification was welcomed in the cryptocurrency industry as XRP rose by double digits. The ruling removes legal uncertainty and benefits existing and future digital assets. Chancer could be a valuable asset riding on this optimism. advance sale Sold out in just one month.
SEC Loss Becomes Crypto Victory
The SEC lawsuit against Ripple has been a long-running issue since December 2020. The lawsuit will set a precedent for the classification of digital assets and affect their attractiveness to investors. The SEC believed that Ripple was violating security laws through the issuance of XRP. The court’s ruling represents a victory for the cryptocurrency side as it clears legal hurdles and limits the SEC’s actions against other digital asset entities and issuers.
A breakthrough victory is a plus for Chancer. Chancer is a blockchain-based prediction market application that launched pre-sale on June 13, 2023. A month later, Chancer raised more than his $768,526 from investors in a presale.
Investors will be thrilled that the court’s ruling will create a transparent marketplace that minimizes future entanglements between cryptocurrencies and regulators. Chancers may benefit from this result. The frenzy generated by the presale means that the positive sentiment generated by the ruling could boost demand.
What makes Chancer different?
Chancer harnesses the power of peer-to-peer (P2P) relationships to build a blockchain platform for betting. P2P is gaining popularity in cryptocurrencies and blockchain because it allows users to exchange value in a decentralized way across geographies.
Chancer’s P2P betting model allows users to connect with others and place bets on their favorite events. Unlike existing betting methods where bookmakers decide the events, odds and rules, Chancer lets users decide for themselves. A user creates her P2P market, determines rules, modifies odds and invites other participants to bet on the decentralized platform. Wagering is facilitated by the $CHANCER token, a medium of exchange for value.
But Chancer is more than just a wagering element as it is designed as an investment vehicle. The user earns income not only by placing successful bets on his chance market, but also by creating his chance market. Investors who love passive income have the option of staking native tokens for yield. Users can also earn money by sharing the platform with others.
Will Chancer be a 10x investment in 2023?
Cryptocurrencies are a new asset class, driving innovative use cases. As we have seen in the past, cryptocurrencies can rise by over 1,000% in the months after launch. Chancer could be a 10x investment as it powers underutilized user cases in blockchain and cryptocurrencies. This also reflects the growing popularity of gambling.
Nonetheless, CHANCER’s 10x forecast for 2023 may be too early. Chancer is still on pre-sale and the first listing is expected on Uniswap in Q3. It would take months for the precious token to skyrocket in value tenfold, but this analysis makes it doubtful that it could happen in 2023. A 1,000% price increase could be expected in 2024. A double or triple digit price increase is the most realistic scenario. Towards 2023.
Should I buy Chancer now?
Chancer is in its first presale stage, priced at $0.01. After completing the first stage, the price will rise to $0.011 in the second stage. The price is still cheap, so it’s tempting to buy now.
CHANCER is also scheduled to go public in the third quarter. Explosive price movements can occur after listing. Buying now allows investors to take advantage of price momentum when the token debuts on exchanges.