Crypto is not a security. This was the message US judge Analisa Torres passed when she made a positive ruling on Ripple’s XRP classification against the Securities and Exchange Commission. The crypto market rejoiced in response, with XRP prices pumping up by double digits. The ruling is good news for existing and upcoming digital assets as it clears the legal uncertainty. Chancer, a blockchain-based predictive markets application, is one such asset that could benefit from the optimism, with its presale selling out in just a month.

The SEC’s case against Ripple had been ongoing since December 2020. It was feared that a negative verdict would set a precedent for the classification of digital assets, negatively impacting their attractiveness to investors. The court’s ruling now limits the SEC’s action against other digital asset entities and issuers.

Chancer is designed to be a medium of investment. In its peer-to-peer (P2P) betting model, users create P2P markets, determine rules, fix odds, and invite other participants to bet on a decentralised platform. The bets are facilitated by the $CHANCER token, the medium of exchanging value. Investors can also earn passive income by staking the native token.

The enthusiasm for Chancer’s presale shows that the positive sentiment created by the Ripple ruling could boost demand for the token. Cryptocurrencies are new asset classes and can rise by more than 1,000% in a few months after launch. While a 10x prediction for CHANCER in 2023 may be too early, a double or triple-digit percentage price gain is likely.

Chancer is in its first presale stage, priced at $0.01. Investors who buy now can ride the price momentum when the token debuts on exchanges in the third quarter. It is a good time to invest in Chancer and benefit from the positive crypto market sentiment generated by the Ripple case.