Following the favorable federal court ruling on Ripple vs. SEC on July 13, 2023, the crypto market entered a joyous frenzy, and the prices of tokens surged. Some of the biggest winners include Stellar (XLM), Synthetix (SNX), and Compound (COMP), as they all surged by double digits. Yet, investors are watching to see if they can sustain this bull run. On the other hand, VC Spectra is still impressing investors after raising $2.4 million in its private/seed sale.
Stellar (XLM) Ecosystem Records Multiple Wins, Retraces After Massive Price Surge
After recording multiple victories, Stellar (XLM) investors had an excellent second week in July. First, data from LunarCrush indicates that Stellar’s (XLM) social engagement increased by 200% in July. Also, Stellar (XLM) benefitted from the court win of Ripple (XPR). On July 13, a federal judge ruled that XRP is not a security, and this sent a positive signal to all crypto investors, including Stellar.
Consequently, Stellar (XLM) rose from $0.0977 to $0.1806 within 24 hours. Stellar (XLM) is trading for $0.1286, but the token is still up 30.25% from last week. According to analysts, FOMO triggered this Stellar (XLM) price surge, and a retracement was inevitable. However, Stellar (XLM) will retain its gains from last Thursday and is unlikely to go lower than the $0.1100 support level.
Compound (COMP) Rides Crypto Wave Weeks After CEO Resignation
Robert Leshner, CEO of Compound (COMP), recently resigned from his role. He unveiled his plan to launch Superstate Trust, a new venture to create short-term government funds. Robert left $2 billion in assets for Compound (COMP), and the token is doing quite well after his departure.
After a federal court ruled favorably on the SEC/Ripple saga, Compound (COMP) stayed relatively quiet. On July 13, 2023, Compound (COMP) ranged between $69.49 and $71.06. Some investors already doubted if the Compound (COMP) token could ride the positive crypto wave.
In a turn of events, Compound (COMP) rose to $84.86 on July 16 and put a smile on the face of its investors. Compound (COMP) is currently trading at $80.64, and analysts believe Compound (COMP) is on an extended bull run.
VC Spectra (SPCT) Tokens to Gain 37.5% in the Next Few Days
VC Spectra (SPCT) is an innovative decentralized asset management protocol built to drive development in the blockchain industry through strategic investments. As an investment house, VC Spectra (SPCT) rewards its holders with quarterly returns and profits from buybacks of successful ventures. The best part about VC Spectra (SPCT) is that it offers a decentralized, transparent, and cost-efficient way for anyone to invest in the crypto industry.
VC Spectra (SPCT) is in its first presale stage, and the token is selling for $0.008. This stage is 90% complete, and in a few hours, VC Spectra (SPCT) will enter its second presale stage. VC Spectra (SPCT) will sell for $0.011 at this level. This will represent a 37.5% increase from its current price. Ultimately, this VC Spectra (SPCT) double-digit surge is nothing compared to the projected 10x pump waiting to happen.
Synthetix (SNX) Sustains Bullish Momentum, Announces Plan to Launch Infinex
On July 14, 2023, Synthetix (SNX) founder Kain Warwick announced Synthetix’s plans to launch “Infinex” perpetual. This move will allow Synthetix (SNX) to rival CEXs in the long run, and investors will respond by buying more Synthetix (SNX) tokens.
Synthetix (SNX) traded for $2.06 on July 13. In less than 48 hours, Synthetix (SNX) traded at $3.15. The Synthetix (SNX) price surge was not a direct result of the SEC vs. Ripple Case, which makes it unique. Even though Synthetix (SNX) is trading at $2.75 currently, analysts are expecting the token to sustain this bullish momentum in Q3 2023.
Learn more about the VC Spectra (SPCT) presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
