Home
News
Amid the ongoing market-wide recovery, the fourth leading cryptocurrency by market capitalization, XRP, crossed the $0.70 territory as whales buy XRP in large quantities. Meanwhile, VC Spectra (SPCT), one of the latest blockchain innovations in the DeFi landscape, shows the potential for long-term investment growth.
Which of these is the best cryptocurrency to buy for the long term?
Summary:
● Whales accumulated $850 million worth of XRP.
● XRP broke above the $0.79 region.
● VC Spectra (SPCT) is setting the pace for extended growth over the long term as it draws nearer to its launch price.
Whales Massive XRP Purchase Triggers A Rally Beyond $0.70; Can XRP Hit $1?
Santiment, a blockchain data resource, reported increased XRP acquisition throughout the last two weeks. Santiment featured this report on its official page on November 6. The data provider noted that whale addresses, that is, wallets holding between 100,000 and 1 billion units of an asset, were aggressively acquiring XRP.
Notably, these whales upped their balances to a cumulative 1.26 billion XRP between October 26 and November 6, marking a new milestone. In monetary value, the total amount of XRP purchased amounted to $850 million. This heightened purchase spurred XRP beyond the $0.70 mark on November 6.
Furthermore, the San Francisco-based cross-border payment firm Ripple is preparing to hold the 2023 edition of Swell from November 8 to November 9 in Dubai. Swell is an annual digital asset conference for innovators in the crypto space. As the event’s date draws closer, XRP has witnessed a spike in its social dominance.
Due to these developments, investors wonder if XRP can attain $1. As the chart reflects, XRP rose from $0.55 to $0.72 between October 26 and November 6. This rally indicates a 34.82% increase in the asset’s price.
Meanwhile, experts have shared an XRP price prediction, pinpointing the potential ranges for the asset. A prominent crypto expert, EGRAG, asserted that XRP could attain the $1 level soon in his XRP price prediction. However, to achieve this XRP price prediction, the asset requires a 28% price increase from the current level.
VC Spectra (SPCT) Projects Long-Term Growth
While XRP prepares to leap to $1, investors are eyeing significant gains from their VC Spectra investment. VC Spectra (SPCT) is an emerging decentralized hedge fund on the crypto scene. Its role in the decentralized finance landscape has established it as a project with a protracted potential.
As an investment hub, SPCT allows users to access various investment opportunities. They can invest in nascent FinTech and blockchain projects with prospects for astronomic growth. This provision distinguishes VC Spectra as a top DeFi project.
Moreover, VC Spectra users may earn from holding its native token SPCT. SPCT holders receive rewards like quarterly dividends, buybacks, and access to new ICOs. Also, the platform manages users’ assets and facilitates crypto trading.
VC Spectra is in the fourth round of its public presale, with SPCT trading at $0.55. Experts believe SPCT might exceed its target price of $0.080 at the end of its presale due to the booming adoption of VC Spectra by institutional investors. Ultimately, they believe VC Spectra (SPCT) has long-term growth potential.
About the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.
