Many cryptocurrencies piggybacked on Ripple’s victory in the SEC case to record a price surge. For instance, Stellar (XLM) leveraged the bullish wave to break through the core resistance level. At the same time, Synthetic (SNX) introduced a new decentralized platform. VC Spectra (SPCT) continued establishing itself as a strong contender, with over 90% of Stage 1 of the public presale sold. Not only that, the platform had previously accumulated $2.4 million during its private seed sale.
Synthetix (SNX) Price Surges After Launching New Exchange
SNX recently launched Infinex to prove that decentralized exchanges (DEX) can challenge centralized exchanges (CEX). Infinex is designed to provide users with a seamless DeFi experience while tackling critical issues in the DEX market. Synthetic (SNX) proprietors are optimistic that DEX will outshine centralized exchanges.
Infinex will feature a simple mode for beginners and a pro mode for experienced users. Its revenue generation will be based on integration fees through the Synthetix Integrators program, incremental trading fees, and stipends from Synthetix’s (SNX) role as an LP (liquidity provider). Synthetix (SNX) will leverage all revenues to amass more SNX, enhancing Infinex’s SNX liquidity provider position as trading volumes surge.
Following the launch, Synthetix’s (SNX) price surged from $2.18 to $2.7, representing a 23.85% surge. Despite this jump, experts project Synthetix’s (SNX) price to remain stable in August.
VC Spectra (SPCT) Projected to Witness a 900% Jump
The launch of VC Spectra (SPCT) has taken the crypto market by storm. The platform’s public presale is live, with over 90% of its initial tokens sold. VC Spectra is a decentralized hedge fund committed to transforming the blockchain and fintech spaces. It utilizes strategic ICOs and investments to promote financial growth.
Investing in SPCT allows users to access a wide range of lucrative blockchain ventures. The platform has adopted a rigorous evaluation strategy to assess profitable projects. Furthermore, it rewards users with quarterly dividends and buybacks from investment profits.
The VC Spectra token, SPCT, is a BR-20 standard token running on the Bitcoin blockchain. It expedites smooth exchange, decentralized trading, asset management, and transaction fees on the Spectra platform. SPCT’s deflationary foundation has a burn mechanism that reduces token circulation over time.
VC Spectra is currently selling for $0.008. Expert projections suggest that the token will attain its $0.08 target price when it enters major exchanges, allowing users to earn a 900% ROI. Invest in VC Spectra (SPCT) today to enjoy long-term benefits.
Stellar (XLM) Surges After SEC Ruling
Ripple’s positive ruling in its case with the US SEC has also affected other tokens, such as Stellar (XLM). It pushed Stellar (XLM) to a new height as it surged from $0.09626 to trade at $0.1549, representing a 60.92% jump. However, the increase in Stellar (XLM) was short-lived as the bears took over in a retracement, pushing Stellar (XLM) down by 17.17% to trade at $0.1283.
Analyst data suggests that social engagements affiliated with Stellar (XLM) have risen tremendously in the last week. Potential investors who missed Stellar’s (XLM) bullish surge can await a daily candle close on the prevailing retracement. They can also piggyback the bullish run that awaits on the forthcoming journey to the all year-high. Bullish experts suggest that Stellar (XLM) could hit $0.21 by the end of 2023, representing a 63.68% increase.
Synthetix, Spectra, and Stellar (XLM) have recently demonstrated massive growth. However, investors are looking for sustainability, and this is where the VC Spectra (SPCT) platform showcases its strengths.
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