Ethereum and XRP Fade as VC Spectra's Stage 2 Presale Shows Immense Potential | – Bitcoinist


In the face of inflationary pressures on investors, cryptocurrencies become a viable investment option, offering a refuge to safeguard their financial holdings. Introducing VC Spectra (SPCT), the new decentralized asset management protocol poised to grant investors huge profits in 2023 and beyond.
VC Spectra (SPCT) is challenging the dominance of old cryptocurrencies like Ethereum (ETH) and Ripple (XRP), which are currently struggling to maintain bullish momentum.
July proved to be a turbulent month for Ethereum (ETH) stakeholders. Amidst huge price corrections and volatility, Ethereum (ETH) recorded a loss of 5.7%, dropping from $1,955.69 to $1,844.46.
Moreover, surprising investors, July ushered in an unanticipated plunge in the Ethereum (ETH) NFT market. Analysis revealed that transactions within Ethereum’s (ETH) NFT marketplace totaled just $568 million, the lowest level seen since November 2022. The number of unique addresses engaged in Ethereum (ETH) NFT transactions also fell to 107,000, a two-year low.
Nevertheless, a promising development has emerged. In the pursuit of boosted capabilities, Ethereum (ETH) has partnered with CLabs, aiming to change the Celo ecosystem from an autonomous layer-1 blockchain to an Ethereum-based layer-2 solution.
Ethereum’s (ETH) strategic maneuver is expected to facilitate a smooth liquidity exchange between the Celo and Ethereum (ETH) blockchains. As a result, analysts see a slow rebound in Ethereum’s (ETH) price, moving from the current price of $1,833.46 towards an estimated $1,931.27 by the end of 2023.
On August 5, Ripple placed 800 million Ripple (XRP) into escrow, splitting them into portions of 500 million Ripple (XRP) and 300 million Ripple (XRP). On August 4, Ripple released 1 billion Ripple (XRP), though most of these tokens have been reintroduced into escrow in response to the latest price movement.
Currently, Ripple holds 200 million Ripple (XRP), which will be released into the existing circulating Ripple (XRP) supply as part of its routine monthly scheduled releases. This substantial Ripple (XRP) lock-up has stirred the community, with users suggesting Ripple’s intention is to boost XRP’s value, subsequently fueling the expectation of an imminent increase in Ripple’s (XRP) price for this month.
Nonetheless, this optimism was dampened when a U.S. district judge decided to examine the outcome of Ripple’s recent legal case, potentially casting a huge shadow over Ripple’s (XRP) prospects.
Currently, Ripple (XRP) is trading at $0.6272, down 1.14% in the past 24 hours.
Introducing VC Spectra (SPCT), a new decentralized hedge fund that offers many benefits for investors. Participation in this venture grants users quarterly dividends and buybacks sourced from VC Spectra (SPCT) investment earnings, complete access to ICOs and voting rights, and peer-to-peer trading capabilities coupled with intermediary-free asset management.
Furthermore, VC Spectra (SPCT) introduces its native tokens, the SPCT tokens, which conform to the Bitcoin blockchain standard BRC-20. These VC Spectra (SPCT) tokens employ a deflationary approach, integrating a burn mechanism to decrease market circulation.
On July 19, 2023, VC Spectra (SPCT) tokens advanced to Stage 2 of the public presale, with their value increasing by 37.5% from $0.008 to $0.011 per token. Furthermore, investing in a VC Spectra (SPCT) token at Stage 2 promises a 627% profit at the end of the public presale.
Furthermore, VC Spectra (SPCT) offers an attractive 25% bonus on all deposits made during Stage 2 of the presale. Moving on to Stage 3, VC Spectra (SPCT) is expected to reach $0.025, marking a notable surge of 127.27% from its present value and an incredible gain of 212.5% from its initial price.
Learn more about VC Spectra (SPCT) and its presale:
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Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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