Shiba Memu’s presale nears $800k as XRP rallies on court rulling

Key takeaways

• XRP rallied by more than 70% on Thursday following favourable ruling in Ripple’s legal case against the US Securities and Exchange Commission (SEC).

• Shiba Memu’s presale nears $800k as more investors enter the market.

The cryptocurrency market has been extremely bullish over the past 24 hours, with the prices of most coins and tokens in the green zone. 

Shiba Memu’s presale has also been performing excellently and is now set to reach the $800k level as more investors enter the market. 

XRP and XLM rally to new highs

XRP, the native coin of the Ripple ecosystem, rallied by more than 70% on Thursday, thanks to a favourable ruling in the ongoing Ripple vs. SEC legal case. 

The U.S. District Court of the Southern District of New York ruled a few hours that the sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts. 

However, the judge also ruled that the institutional sale of the tokens did violate federal securities laws.

Ripple’s partial victory was welcomed by the cryptocurrency ecosystem, with XRP rallying to a one-year high of $0.84 on Thursday, adding more than 70% to its value in the process. At press time, the price of Ripple stands at $0.7857

XLM, the native coin of the Stellar Lumen ecosystem, also soared by more than 50% following the Ripple announcement. BTC, ETH, Solana, and Polygon also recorded excellent gains over the last 24 hours. 

What is Shiba Memu?

Shiba Memu, although still in its presale stage, is included in the ongoing market rally. Shiba Memu’s presale reached a new level a few hours ago as more investors entered the market.

Shiba Memu is a cryptocurrency token that combines AI and blockchain technology to create an unstoppable, entirely self-sufficient marketing powerhouse.

In their whitepaper, the team explained that Shiba Memu is a project that could do the work of 100 marketing agencies. However, as an AI-based platform, Shiba Memu is also active. 

The platform is always working to find the best work going on in creative advertising, eating it up and spitting it back out, but better.

Shiba Memu is riding on the recent popularity of meme coins, which have become a multi-billion dollar sector within the cryptocurrency industry. Over the last three years, the market cap of meme coins grew from practically $0 to reach the $20…