Compound (COMP) has been literally ‘compounding’ in the past few weeks. The blockchain’s price is seeing a parabolic rise, partly due to an unknown whale. Also, investors are intrigued about the proposed ‘Superstate‘ government bond.
As the trading volume for Compound (COMP) increases, so does that of VC Spectra (SPCT). This is the latest DeFi project to revolutionize the asset management industry.
Compound’s (COMP) Price Looks to Break The $60 Target
While the crypto market started resurging towards mid-June 2023, Compound’s (COMP) acceleration has made headlines. Compound (COMP) has risen more than double from $23 to $56 since this period.
Lookonchain reported a ‘whale’ bought 50,000 COMP, worth about $2.26 million. Other data sources confirm the adoption of more wallet addresses. According to Glassnode, this rose from 83 on 21 June 2023 to 220 six days later.
Both of these findings suggest more users joining Compound (COMP). Some analysts have also noted that since the Fed’s rate pause two weeks ago, investors have flocked to yield-bearing platforms like Compound (COMP).
Another notable event for the blockchain is the application for an Ethereum-based government bond named ‘Superstate.’ Interestingly, the anti-crypto regulator, the SEC (Securities and Exchange Commission), will handle the filing. Some believe this is an audacious task, but investors hope for the best.
Overall, Compound (COMP) has exceeded many conservative price predictions for 2023 and looks set to break the $60 target and beyond.
VC Spectra (SPCT) Becomes the Next Big Thing in DeFi
Compound (COMP) is one of the leading DeFi protocols where users earn interest on their crypto assets. Meanwhile, VC Spectra (SPCT) looks to make its mark in decentralized finance as the best platform to profit from early blockchain and technology start-ups.
It’s a crypto-based hedge fund with experienced investment professionals to pick the best opportunities in the latter industries. VC Spectra (SPCT) focuses on financial accessibility, as no minimum deposits apply. The platform will have different tailored investment plans so investors can determine their involvement.
The second focus area for VC Spectra (SPCT) is autonomy through the power of smart contracts. These will cut out the middleman in many ways, from how investors control their assets to receiving profits.
Sustainability is another priority for VC Spectra (SPCT), which sets it apart from other services. It is one of the few decentralized hedge funds backing projects that maintain ESG values. This ensures investors can profit while keeping society and the environment ‘clean.’
Like Compound (COMP), SPCT is a deflationary utility token, a favorable aspect for its future price appreciation. VC Spectra (SPCT) has minted a finite supply of 1 billion. Also, a certain chunk of SPCT in transaction fees is removed from circulation to prevent inflation and maintain scarcity.
SPCT has added benefits, namely:
- Quarterly dividends through buybacks
- Voting rights
- Exclusive access to discounted ICOs
It’s still early days for VC Spectra (SPCT) as the first stage of its presale draws to a close. 40% of tokens remain, trading at $0.008. Yet, these will sell fast as the presale goes to stage 2, where the price is expected to be $0.011.
Once all tokens are sold, analysts forecast SPCT would be worth ten times more than the present value.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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