How do you, as an investor, continue to make profits despite the rocky volatility of the crypto market? By staying abreast of the latest happenings in the market!
Meanwhile, the last week was a particularly momentous period for various crypto projects like Ripple (XRP), Litecoin (LTC), and Pikamoon. While the last week gave promising signs for some of these projects, others left investors worried over the fate of their investment in the not-so-distant future.
Here’s a rundown of what happened in the crypto market in the last week for Ripple, Litecoin, and Pikamoon. And what these events mean for these projects and their investors.
Ripple’s Legal Battle with the SEC Rages On
Ripple (XRP) has been in the news lately because of the project’s legal battle with the Securities Exchange Commission (SEC). This has dealt a severe blow to the growth of the foremost blockchain-powered cross-border payments platform, seeing it lose some of its listings on different prominent exchanges.
Moreover, the recent final ruling on the LBRY case, a Ripple ally, by Judge Paul Barbadoro further fuelled worries within the XRP community as to how the coming judgment in the SEC vs. Ripple lawsuit will go. The Securities and Exchange Commission (SEC) won in the LBRY case. But, the judge’s ruling did not explicitly categorize LBRY’s token, LBC, as a security or put it in any class at all.
The absence of a finite classification here leaves anxiety in the minds of XRP investors who fear there might be a repeat of the LBRY’s ruling in the Ripple case. Whether XRP is a security or not is also undecided.
However, for many industry experts, a win is very likely for Ripple (XRP) in this legal battle. And this will boost the project’s token to deliver profits.
Will Litecoin (LTC) Repeat Its Bearish Trend Leading to Its Forthcoming Halving?
The entire crypto market looks forward to the highly-anticipated Litecoin (LTC) Halving slated for August 2, 2023. And although there’s been a 5% price surge from last week till now, primary stakeholders in the LTC ecosystem seem to stay bearish about the project’s prospect.
According to history as revealed by Litecoin (LTC) on-chain data there’s always an unmemorable “price crash” tendency in the weeks leading to previous halvings since 2015. Before Litecoin’s first-ever Halving event in 2015, LTC price hit $7.54 in value on July 10 before plunging 42% down to $4.40 on August 5, the halving date.
It was a similar case in 2019 when LTC peaked at $142 on June 23, before dropping 53% toward $93 on the halving date of August 5. This bearish momentum continued post-halving until Litecoin experienced another rally in January 2020.
Will history repeat itself this year? A repeat will cut short the ongoing Litecoin price rally.
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Pikamoon Continues to Smash Records in Its Presale, Setting the Tone for an Explosive Launch
The Pikamoon presale continued its record-breaking run last week. This trend has drawn in more investors seeking to accumulate this token to not miss more incoming profits.
With a value of $0.0006 per PIKA, this token presents an easy entrance for savvy investors who wish to be a part of the predicted 100x profits before the year ends, as called by expert analysts.
And this potential is thanks to the following boosts:
The ecstasies of the Pikaverse just got better as players can now enjoy Pikamoon Adventure offline. This gives gamers more access and an opportunity to play and earn more crypto rewards (PIKA or NFTs) even when gaming without internet access. This gaming addition increases the token’s usage and demand as gamers need PIKA more often both offline and online.
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Building to Leverage Two Top Blockchains’ Capacity
Pikamoon (PIKA) enjoys the advantage of leveraging the power of two top NFT and Metaverse blockchains, MultiversX (Elrond) and Ethereum. This edge means the project gets powered by these two blockchains, hence, delivers its features and the four playing tiers of the metaverse game flawlessly. Plus, Pikamoon can now handle whatever expansion it gets with ease and scale seamlessly.
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PIKA’s Value will Continue to Grow
$PIKA is one of the fastest-growing tokens, ranking over Litecoin (LTC) and Ripple (XRP), thanks to how well it combines its use cases to drive demand. Pikamoon utilizes the token as the utility, reward, and the payment token. And with this comes constant high demand, getting the token poised for explosive gains.
With the current momentum, you just can’t go wrong if you buy PIKA now!
Find out more about Pikamoon (PIKA):
Buy Now: https://pikamoon.io/buy
Website: https://pikamoon.io
Twitter: https://twitter.com/Pikamooncoin
Telegram: https://t.me/pikamoonofficial
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