Last week marked a historic victory for Ripple (XRP) as it emerged triumphant over the US Securities and Exchange Commission (SEC) in court. As a result, the Ripple effect is the leading talk in the crypto industry, especially because many other cryptos have witnessed massive gains.
Meanwhile, Polygon (MATIC) has maintained its position and shown steady growth after a major upgrade. Yet, a new player in the industry, VC Spectra (SPCT), solidifies its position as a high-potential venture making it the best choice for investors. So, let’s see what makes SPCT the top investment choice for 2023.
Ripple (XRP) Soars After The Historic Ruling
Ripple (XRP) experienced a significant price decline since December 2020 following the SEC’s allegations that it was a security. As a result, investors opted for alternative options, refraining from cashing in during that period.
Nevertheless, Ripple (XRP) overcame the SEC’s regulatory hurdles on July 13, 2023. The immediate consequences for the entire industry were remarkable, especially for altcoins implicated in various SEC filings. However, the case may not be over, as the SEC may appeal the court’s decision.
Following the ruling, Ripple’s XRP token shot up 75% in a few hours, from $0.536 to $0.938 – its highest point of the year. However, Ripple (XRP) dropped by 23% to $0.722 on July 16, 2023, due to increased volatility and price correction.
Several US-based exchanges, including Coinbase, Kraken, and Binance.US, opted to relist XRP following the court ruling. With its enhanced price performance, XRP surpassed Binance’s BNB to become the fourth-largest digital asset based on market capitalization. Due to these developments, experts say Ripple (XRP) can resurge by 36.6%, from $0.722 to $0.986.
Polygon (MATIC) Maintains an Upward Trend, With The Sentiment Being Bullish
The week began to an excellent start for Polygon (MATIC) holders following an uptick in network growth. On July 13, 2023, Polygon’s (MATIC) original developers and researchers proposed an upgrade to the network’s token that would see POL replace MATIC.
Per the announcement, POL would be a universal token for all networks built on the Polygon protocol. These networks comprise the primary Polygon (MATIC) blockchain, the Polygon zkEVM network, and numerous supernets.
The news ignited enthusiasm among investors, pushing Polygon’s (MATIC) price up by 17%, from $0.638 to $0.747. Things got even better for Polygon (MATIC) after a judge hearing the Ripple vs. SEC case ruled in favor of Ripple.
Since the two milestones, Polygon (MATIC) is now trading at $0.806 and has maintained a bullish sentiment. As a result, analysts predict that the maximum MATIC price can reach $0.964 with an average of $0.889 before the end of 2023.
VC Spectra (SPCT) Investors Expect 37.5% Gain as Stage 2 Nears
VC Spectra (SPCT) is an innovative decentralized hedge fund with state-of-the-art technology to unlock financial growth. The platform provides investors exclusive access to diversified portfolios, pre-ICOs, and early-stage blockchain ventures. Furthermore, VC Spectra (SPCT) offers enticing incentives to its users, including quarterly dividends and buybacks.
VC Spectra’s native token, SPCT, adheres to the BRC-20 standard and operates on the robust Bitcoin blockchain. Users leverage the token for exchange, decentralized trading, and asset management. In addition, the SPCT token is deflationary with a burn mechanism that ensures a controlled reduction in token supply.
VC Spectra’s (SPCT) Stage 1 of public presale has attracted an influx of savvy investors, with the token valued at $0.008. Stage 2 will see the token rise to $0.011 with anticipated 37.5% gains. Better yet, expert predictions for VC Spectra’s (SPCT) official launch indicate a 10x increase in value, propelling the token’s price to $0.08 once it hits the exchanges.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Twitter:https://twitter.com/spectravcfund
Telegram: https://t.me/VCSpectra
