Despite speculations about Elon Musk adding Dogecoin (DOGE) as a payment option to X and Stellar (XLM) benefiting from Ripple’s partial victory in the SEC v. Ripple lawsuit, VC Spectra (SPCT) continues to attract investors with its scalability innovations.
Let’s put these rivals to the test: Is XLM, DOGE, or SPCT the top investment choice for 2023?
Can Stellar (XLM) Regain Momentum?
On July 13, 2023, Ripple achieved a partial victory in its battle with the U.S. Securities and Exchange Commission, as a court ruling provided some regulatory clarity for the cryptocurrency industry. This development led to a surge in several altcoins, including Stellar (XLM).
Following Ripple’s victory in the SEC v. Ripple lawsuit, Stellar (XLM) experienced a significant surge in price, skyrocketing by 100% from $0.09 to a peak of $0.18. This remarkable surge took place between July 13 and July 20, 2023.
After 14 months of instability and depreciation, Stellar (XLM) has embarked on a bullish run, resulting in a total market capitalization of $3.99 billion, with approximately $1.3 billion added to Stellar’s (XLM) initial market value.
However, Stellar’s (XLM) bullish price momentum slowed due to the overall bearish market conditions. Stellar (XLM) has gradually declined from $0.18 to $0.13 between July 21 and August 16.
Without an improvement in overall market conditions, many crypto experts expect Stellar’s (XLM) price to keep falling.
Can Dogecoin (DOGE) Sustain Its Upward Momentum In The Long Run?
On July 25, 2023, Elon Musk rebranded Twitter as “X” while adding the Dogecoin (DOGE) symbol to his bio.
Naturally, speculation arose regarding the potential inclusion of Dogecoin (DOGE) as a payment option on X. This led to Dogecoin’s (DOGE) price climbing 1.43% from $0.07 to $0.08 within 24 hours, reaching its highest level in two months.
However, the recent market volatility has impacted the price momentum of Dogecoin (DOGE). Between July 26 and August 16, 2023, Dogecoin (DOGE) experienced a gradual decline from its recent high of $0.08 to $0.07.
Many crypto experts predict that Dogecoin (DOGE) will return to its upward trend when the overall market fully recovers, assuming Dogecoin (DOGE) maintains Elon Musk’s support.
VC Spectra (SPCT) Continues To Maintain Scalability
Recognizing the importance of accommodating a growing user base and ensuring seamless transaction processing, VC Spectra (SPCT) continues to implement several key innovations. VC Spectra (SPCT) operates as a decentralized hedge fund that offers a unique approach to investors.
By investing in SPCT tokens, users can expect quarterly dividends and buybacks based on the fund’s generated profits. Additionally, token holders gain exclusive access to participate in seed/private sales of initial coin offerings (ICOs) and have a say in voting processes.
The VC Spectra (SPCT) token, built on the Bitcoin blockchain as a BRC-20 standard token, serves multiple purposes within the Spectra platform. It can be used for decentralized trading, asset management, exchanges, and transaction fees. The token supply incorporates a deflationary mechanism, gradually reducing its availability over time.
VC Spectra (SPCT) is currently in Stage 2 of its public presale, which commenced on July 19, 2023. During this stage, the price of VC Spectra (SPCT) tokens is set at $0.011. In the subsequent Stage 3, VC Spectra’s (SPCT) price will increase to $0.025, resulting in a significant surge of 127.27% compared to the current price.
Investors who acquire VC Spectra (SPCT) tokens during Stage 2 at $0.011 can anticipate a substantial gain of 627% when the token price reaches $0.08 after the conclusion of the presale.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.