Ripple (XRP) has lost a lot of momentum since July 13’s favorable court ruling. Similarly, Optimism is struggling as an important vesting milestone approach.
However, VC Spectra (SPCT), a new project that has raised $2.4 million in private round funds, is looking forward to a positive performance soon. Let’s get into some of the details about all this.
Ripple (XRP) Price Falls as Upward Momentum from Recent Court Ruling Wanes
Ripple (XRP) has been falling throughout the week. From $0.79 at the start of the week to $0.71 on July 27, Ripple (XRP) has fallen by around 10%. This fall comes after the SEC signaled its intention to appeal the Ripple (XRP) decision taken by a court on July 13. The decision favored Ripple (XRP) and caused a spike in Ripple’s (XRP) price on the day of its announcement. The appeal could further lengthen the negative spotlight that Ripple (XRP) is under, hurting investor sentiment.
Ripple (XRP) is one of the focal points of the recent regulatory crackdown by the US state institutions. As the case carries on, this case will affect Ripple’s (XRP) market sentiment. However, the negative sentiment has hurt Ripple’s (XRP) position in the past week and may do so in the near future as well. Optimism’s (OP) sentiment is also down for different reasons altogether.
Optimism (OP) Price Falls As Token Supply Increase Approaches
$36 million of Optimism (OP) coins will be unlocked and circulated by July 30, 2023. The increase in Optimism’s (OP) supply might have a negative impact on the price of Optimism (OP) on the day of the unlock. However, speculation about the effects of the unlock has already made a dent in Optimism’s (OP) current price. Speculators may expect that the increase in Optimism’s (OP) token supply could drive the price down.
Earlier on June 30, a similar fall in price was seen before another vesting unlocks as well.
From July 23 to 27, Optimism (OP) has fallen by around 6%, from $1.63 to $1.53. However, the negative momentum may be reversing as the price for Optimism (OP) is up by around 6%, from $1.45 to $1.53, in the 24 hours up to July 27. In the coming days, we may see further progress in this reversal as the price rises.
We can also see a similar positive momentum on the horizon for VC Spectra (SPCT).
VC Spectra (SPCT) Expects Major Price Surge as Stage 2 of Presale Continues
VC Spectra (SPCT) is a decentralized asset management platform focusing on early-stage investments. To find the best investment opportunities, VC Spectra (SPCT) uses modern selection tools like AI and trading strategies. This helps VC Spectra (SPCT) prioritize maximum returns while minimizing the risks.
Regarding the returns, VC Spectra (SPCT) investors can expect two benefits. First, you get dividends from the gains that VC Spectra (SPCT) receives from its investments. 40% of the gains that VC Spectra (SPCT) funds get from investments are allocated for dividends.
Secondly, VC Spectra’s (SPCT) price appreciation can benefit you. During VC Spectra’s (SPCT) transition to Stage 2 of its presale, it registered a 37.5% increase in price from $0.008 to $0.011.
As VC Spectra (SPCT) moves from its current Stage 2 to Stage 3 of the presale, you can expect a 127% surge from $0.011 to $0.025.
And on top of all that, if you invest in VC Spectra (SPCT) now, you can benefit from a limited-time offer of a 25% bonus on all deposits.
Find out more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund