This new token is a presale token that is meant to be used in the Cryptocurrency Market. It is currently trading at 7 and is expected to reach 13 by the end of the year. The coin is designed to be used in the Cryptocurrency Market, where it will be exchanged for presale tokens.
Bitcoin (BTC) and XRP are being brushed aside by one of the most popular presale tokens on the crypto market. This new token has different aims and goals, but investors say its use case will have more impact than XRP.
So why are investors interested in this mystery coin above XRP? Let’s find out.
Bitcoin’s (BTC) drop continues despite interest rate hike
Bitcoin has dropped further after the latest interest rate hikes. Bitcoin (BTC) was trading at $30,071 on July 24. Two days later, it had dropped by 1.8% to $29,519. It hovered in that range until July 28, dropping by 1.2% to $29,140. As of July 30, BTC is trading at $29,272.
Bitcoin’s (BTC) drop shocked investors, given it was expected to continue its recent bullish run. However, Bitcoin crashed sharply after the announcement of interest rate hikes.
There are bullish predictions that Bitcoin will rise by 6.9% to $31,300 by year’s end. These predictions are based on an expected increase in trading activity following the end of the crypto winter. Bearish analysts say Bitcoin (BTC) will drop further by 7% to $27,200, citing an expected decline in trading due to high gas fees.
XRP’s partnerships expected to continue after a recent rally
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XRP was trading at $0.47 on July 11. It then jumped by 74% to $0.82 on July 13. XRP fell 9.7% to $0.74 on July 18. It then jumped by 10.8% to $0.833 on July 20. As of July 30, XRP has dropped by 13% to $0.72.
XRP’s performance has been strong in the past few weeks, and investors expect it to continue, leading to a rise in network partnerships. XRP’s recent rally was down to excitement around its recent victory over the SEC in its federal securities case.
Bullish investors believe the ongoing rally will spur more trading activity for XRP, increasing its price by 27% to $0.92. Bearish analysts say XRP’s overall network activity will drop in response to competition from other payment networks like Stellar. The bears expect XRP’s price to drop by 11% to $0.64.
VC Spectra’s (SPCT) 627% surge attracts investors
VC Spectra (SPCT) is a decentralized investment platform that comprises a blockchain-focused hedge fund and a trading marketplace. The VC Spectra hedge fund is dedicated to finding and utilizing investment opportunities in the blockchain industry. It also focuses on startups and ICO projects.
VC Spectra offers many benefits, including voting rights, which allow investors to have a say in investment decisions. Users also receive extra tokens for their loyalty to the network. The more tokens a person holds, the higher their chances of receiving extra tokens.
Users also enjoy dividends and buybacks, which are gotten from VC Spectra’s (SPCT) investment portfolio. They also get a higher chance of success when investing in crypto assets via VC Spectra’s marketplace.
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VC Spectra (SPCT) is native to Bitcoin (BTC), but investors can also purchase it on Ethereum. It uses a deflationary tokenomics model that employs token burns to increase value by reducing circulating supply.
One reason VC Spectra is generating a lot of market buzz is that it grew by 37.5% from its stage 1 price of $0.008. Now in stage 2 of its presale. SPCT’s current price is $0.011. Investors are keenly awaiting the end of its presale, where it’s expected to reach $0.08 – a 627% increase from its current price.
