The post XRP Is All Over the News, Yet Less Popular Tokens SPCT and 1INCH Deliver Better Prospects appeared first on Coinpedia Fintech News
While XRP captures the spotlight with its recent favourable court ruling on July 13, VC Spectra (SPCT) and 1inch Network (1INCH) are emerging as hidden gems. 1inch Network (1INCH) surges to a 30-day high in its average trading volume. Meanwhile, VC Spectra (SPCT) has generated significant investor attention, successfully raising $2.4 million during its private seed sale. Read the following sections to find out more.
XRP Takes the Spotlight: Favorable Ruling Propels the Altcoin
After a period of legal uncertainty and trading restrictions, XRP is now poised for success in the cryptocurrency market. XRP witnessed an extraordinary increase in trading volume, reaching $10.4 billion on July 13.
The court ruling declared that Ripple’s XRP is not a security. This led to a dramatic surge in XRP’s 24-hour trading volume, from $613 million to $11.2 billion on July 13. Consequently, its value skyrocketed by 85%, surging from $0.47 to $0.87.
XRP trades at $0.72, demonstrating resilience despite the overall market downturn. In addition, XRP’s market capitalization has experienced a significant boost, reaching $38.8 billion within the past 24 hours and propelling XRP to become the fourth-largest cryptocurrency by market capitalization.
VC Spectra (SPCT): Unleashing Potential for Gains
VC Spectra (SPCT) is also reshaping the sector through its commitment to innovation, driving financial growth via strategic investments and initial coin offerings (ICOs). Offering sustainable development, VC Spectra (SPCT) presents a gateway for investors to partake in lucrative blockchain ventures.
Investing in VC Spectra brings exclusive benefits for token holders. It operates on the Bitcoin blockchain as a BRC-20 standard token. The VC Spectra token serves as a medium of exchange that facilitates decentralized trading, asset management, and transaction fees on its platform. Its investors unlock opportunities for enhanced profitability and participation in the token’s value appreciation.
VC Spectra (SPCT) is on the cusp of entering Stage 2 of its public presale, further solidifying its position as a leading decentralized hedge fund. This significant milestone may trigger a notable surge in the VC Spectra (SPCT) price, with projections pointing to a 37.5% rise to $0.011 from the current VC Spectra (SPCT) price of $0.008.
1inch Network (1INCH) Token Skyrockets to a 30-Day High
In the aftermath of Ripple’s recent legal triumph against the US SEC, the cryptocurrency market also experienced an impressive surge in the price of 1inch Network (1INCH). This was evident in South Korean cryptocurrency exchanges, with UPbit leading the way.
Amid this rally, 1inch Network claimed the position of the second most traded coin on UPbit, boasting a 24-hour volume of $360 million. This represents over 15 times the 30-day average trading volume of 1inch Network on the South Korean exchange.
In addition, the 1inch Network price surge since yesterday has also triggered short liquidations worth $2.49 million in the perpetual swap markets. The open interest (OI) volume for 1inch Network perpetual swap contracts has reached a 20-month high, surpassing $72 million.
Notably, 1inch Network emerged as the top gainer in the market, enjoying an overnight gain of 20%, rising from $0.35 to $0.42. This highlights the growing interest and demand for the token.
Find out more about the VC Spectra (SPCT) presale here:
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