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Crypto News: XRP and AVAX Up, Scorpion Casino Token Presale Stage Ends Sunday

Read on to find out what has been happening with XRP (XRP) and Avalanche (AVAX) this week, as well as the latest updates on the progress of the Scorpion Casino Token (SCORP) presale.

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Scorpion Casino
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Every day is different in crypto. Millionaires one day can be moneyless the next, and thankfully, the working class can become wildly wealthy just as fast. It always pays (metaphorically and literally) to keep abreast of the latest news and developments in Cryptoville. After yet another topsy-turvy week, there have been further positive signals for certain major crypto projects, as well as blossoming crypto presales.

So, read on to find out what has been happening with XRP (XRP) and Avalanche (AVAX) this week, as well as the latest updates on the progress of the Scorpion Casino Token (SCORP) presale .

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SCORP - Miss it at Your Peril

Scorpion Casino Token has been called one of the most promising presales of 2023 and for good reason. For a limited period, enterprising investors can amplify their holdings with an exclusive 20% bonus in SCORP tokens by using the code SC20. A significant stage turnover is scheduled for October 8th at 3 pm UTC, marking a crucial milestone in SCORP's journey.

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With a robust and growing community, SCORP boasts a substantial 3200 holders, reflecting widespread interest and support. The presale success of SCORP is underscored by the impressive achievement of raising $1.24 million, indicative of the confidence and enthusiasm surrounding this innovative project. As SCORP continues to redefine online gambling, its unique features and community-driven approach position it as a dynamic player in the crypto space.

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XRP Causing a Ripple in the Top 5

XRP tokens experienced a retracement following a 5% surge on Wednesday, spurred by pivotal developments for Ripple. The Asian arm secured a Singapore license, allowing it to extend payment services to regional users. Simultaneously in the United States, Ripple achieved a legal victory as the Securities and Exchange Commission (SEC) faced a setback in its bid to appeal the case which had lasted almost 3 years and significantly stifled the price of XRP.

Ripple's success in navigating SEC legal challenges is seen as positive for the entire crypto sector. The surge in XRP underscores the necessity for clear regulations, emphasizing the role of regulatory clarity in fostering market confidence.

AVAX’s Crypto Avalanche

Avalanche (AVAX) tokens witnessed an uptick driven by increased demand, notably from influential accounts on X, formerly known as Twitter. The promotion of Stars Arena, a blockchain-based application, contributed to AVAX's 6% surge on Wednesday. This momentum aligns with the platform's recorded success, registering over 600,000 transactions since Monday, according to DappRadar data. Despite a subsequent retracement, AVAX demonstrated a nearly 40% surge in transactions from the week's outset.

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Ruslan Lienkha, Chief of Markets at YouHodler, underscored the importance of positive internal factors within the crypto space in correspondence with leading crypto news site Coindesk. Factors such as broader adoption, increasing institutional interest, transparent regulatory jurisdictions, and advancements in technology can collectively drive capital inflow and market growth. Lienkha emphasized the role of developers in ensuring compliance with regulatory expectations to enhance the overall crypto landscape.

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Keep your Eyes on the Prize

By this time next week, the situation may have completely changed. XRP, AVAX, and SCORP could have all soared by huge amounts and the FOMO could be real. As always, this article is meant as a jumping-off point only as is not financial advice; always conduct your own research before investing.

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Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.

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