In this overview, we’ll dive into three altcoins that might catch your interest: Cosmos (ATOM), Stellar (XLM), and VC Spectra (SPCT). We’ll explore recent events, market trends, and expert opinions surrounding these top crypto coins, providing valuable insights for potential investors.
Sei Network Goes Live On Cosmos (ATOM) Blockchain
On August 15, 2023, Sei Network, a layer-1 blockchain built on the Cosmos (ATOM) platform, was launched. This event marked a significant milestone in realizing the inter-blockchain (IBC) vision of Cosmos (ATOM). Following the launch, Sei Network was listed on Binance and garnered a trading volume of $240 million.
The launch of Sei Network had a positive impact on Cosmos (ATOM) as its price experienced a slight increase of 0.35% within 24 hours, rising from $8.50 to $8.53.
However, the overall bearish market conditions prevented the upward trend from continuing. Between August 16 and August 29, the price of Cosmos (ATOM) declined from $8.53 to $7.44, a 12.78% price drop.
Despite the recent decline, there is still optimism among cryptocurrency experts regarding the future price trend of Cosmos (ATOM) once the market recovers. This optimism is supported by Cosmos’s (ATOM) consistent delivery of blockchain upgrades, which has helped maintain the interest of Cosmos (ATOM) holders.
Can Stellar (XLM) Regain Momentum Amidst Market Volatility?
On July 13, 2023, Ripple achieved a significant milestone in its legal battle against the U.S. Securities and Exchange Commission (SEC). The court ruling in favor of Ripple provided much-needed regulatory clarity to the cryptocurrency industry. This positive development had a ripple effect on other top altcoins, including Stellar (XLM).
Following Ripple’s victory in the SEC v. Ripple lawsuit, Stellar (XLM) experienced a remarkable surge in price. Within a week, from July 13 to July 20, the value of Stellar (XLM) skyrocketed by 100%, surging from $0.09 to a peak of $0.18. This surge also resulted in a substantial increase in Stellar’s (XLM) market capitalization, adding approximately $1.3 billion to its initial market value, bringing it to a total of $3.99 billion.
However, as market conditions turned bearish, the bullish momentum of Stellar (XLM) began to slow down. Between July 21 and August 29, the price of Stellar (XLM) gradually declined from $0.18 to $0.12, marking a 33.33% price drop.
Numerous cryptocurrency experts have speculated that a favorable outcome for Ripple in its ongoing legal battle with the SEC could potentially ignite a bullish run not only for Ripple but also for other cryptocurrencies, including Stellar (XLM), as the market begins to recover.
VC Spectra (SPCT) Shines In Ongoing Public Presale
Among the various top altcoins in the market, VC Spectra (SPCT) continues to gain significant traction in its ongoing public presale, having already raised $2.4 million in its private seed presale.
As a decentralized hedge fund, VC Spectra (SPCT) employs a unique model to reward users. By generating profits from investments, the platform distributes quarterly dividends and initiates buybacks, ensuring that users directly benefit from the fund’s success. Moreover, VC Spectra (SPCT) token holders have access to new ICOs in seed/private sales and possess voting rights.
The VC Spectra token (SPCT) operates on the Bitcoin blockchain as a BRC-20 standard token. It serves multiple purposes, including facilitating exchanges, enabling decentralized trading, supporting asset management, and acting as a mode of payment for transaction fees on the Spectra platform.
A notable feature of the VC Spectra (SPCT) token is its deflationary mechanism, gradually reducing the circulating supply through a burn mechanism.
Investors in the initial presale stages witnessed impressive returns, with a remarkable 212.5% ROI in Stage 1 and a significant 127.27% return in Stage 2. Now, in Stage 3, investors can acquire VC Spectra (SPCT) tokens at $0.025, presenting an opportunity for a projected surge of 220% by the presale end, with a target value of $0.08.
Learn more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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