Current market activity is showing a steep increase in investors dumping their Maker (MKR) and Ripple (XRP) tokens for VC Spectra (SPCT). Despite Maker (MKR) and Ripple’s (XRP) recent rally, investors say VC Spectra (SPCT) holds the most long-term potential.
So, are investors correct in their predictions about Ripple (XRP)? Let’s find out.
Maker (MKR) Boosted by Latest Interest Rate Hikes
Maker (MKR) has recorded a significant rally in the past few days. Maker (MKR) was trading at $1,056 on July 24. It rose 19% to $1,262 on July 27 before dropping by 9.3% to $1,144 that same day. It hovered in that range before jumping 14% to $1,305 on July 29. As of July 30, Maker (MKR) is trading at $1260.
Maker’s (MKR) recent jump coincided with announcements of the latest interest rate hikes. Investors considered this to be positive news for Maker (MKR), given its rising exposure to U.S. Treasury Bills in the past few months.
Some investors expect Maker (MKR) to rise by 4.7% to $1320 by the end of Q3 2023. These bullish predictions hinge on increased stablecoin activity on Maker (MKR). The bulls expect Maker’s (MKR) stablecoin activity to rise after the boost in investor confidence following recent interest rate hikes. Bearish investors, on the other hand, expect Maker (MKR) to drop by 8.7% to $1,150. Their reasons include expected competition from other stablecoins like USDT and BUSD.
Ripple (XRP) Expected to End July on a High After Rise in Network Activity Propels Strong Rally.
Ripple’s (XRP) strong rally in July is expected to continue well into August. It was trading at $0.47 on July 11. Nearly two weeks later, it jumped by 53% to $0.72 on July 23. Despite a slight drop, it has hovered in that range since. As of July 30, Ripple (XRP) is trading at $0.71.
Ripple’s (XRP) July rally is down to two major factors – its rising network activity and its victory over the SEC. On July 11, Ripple (XRP) announced it had reached a new milestone in overall transaction count.
Bullish analysts expect Ripple’s (XRP) increasing network activity to continue, leading its price to grow by 78% to $1.27. In contrast, bearish analysts say its rally is down to excitement around its recent victory over the SEC. These bears expect Ripple (XRP) to drop by 26% to $0.52 once that excitement wears off.
VC Spectra (SPCT) Launches ICO-Focused Crypto HedgeFund
The blockchain industry has rapidly expanded since Bitcoin was launched in 2008. Many new and exciting projects have gone on to become some of the biggest cryptocurrencies in the world. VC Spectra (SPCT) is a platform dedicated to finding these blockchain opportunities before they become mega-successes. Thanks to their laser-focused risk management techniques, the platform helps investors identify high-potential opportunities.
VC Spectra’s (SPCT) marketplace also caters to traders with varying experiences and backgrounds. Expert traders who like hands-on investing will enjoy access to special techniques like algorithmic and systematic trading.
Users get access to pre-ICO and private seed sale projects. VC Spectra (SPCT) also gives voting rights to its token holders. Voting rights allow individuals to contribute to investment decisions on the platform. They also enjoy higher chances of success when investing via VC Spectra’s (SPCT) trading platform.
VC Spectra (SPCT) is currently in Stage 2 of its public presale. Its price has grown from $0.008 to $0.011, showing a 37.5% increase. By stage 3 of its presale, VC Spectra (SPCT) is expected to rise by 127.71% to $0.025.
Learn more about the VC Spectra’s (SPCT) presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
