Stellar (XLM) and THORChain (RUNE) on a Roller Coaster, But VC Spectra (SPCT) is the Real Thrill!

Published on:

The Stellar coin price witnessed a relief from a month-long downtrend following an announcement by the Stellar Development Foundation (SDF) on X, formerly Twitter. Conversely, THORChain (RUNE) fell into an incessant downward spiral after peaking at a monthly high on August 22. Meanwhile, VC Spectra (SPCT) boasts unparalleled performance, sponging $2.4 million from its private seed sale.


Stellar (XLM) Surges As The Firm Teases New Project

In a recent tweet, the Stellar Development Foundation (SDF) teased a new development in the Stellar (XLM) ecosystem without disclosing usable details. This announcement immediately aroused the Stellar community, who wondered what could be coming.

The Stellar coin price rose in response to the vague update, signaling a takeover by XLM bulls. In particular, the Stellar coin price swung upward to the $0.125 range on September 3, indicating a 10% rise. Also, Stellar (XLM) showed a 4.87% increase in the 7-day timeframe.

Additionally, Stellar’s (XLM) daily trading volume recorded an astronomic spike of 163% on September 3. These figures represented $160 million worth of the Stellar XLM token traded around the period. As indicated on the charts, Stellar XLM created a price roof between $0.128 and $0.133 and a price floor around $0.110.

Despite the recent bullish momentum seen in Stellar XLM, analysts are still uncertain about its future price direction. The anticipated news from the platform is expected to influence XLM’s price path significantly.

THORChain (RUNE) Plummets As Buyers Take Profit

Elsewhere, THORChain (RUNE) wrapped August with a remarkable monthly trading volume, approximating $1 billion. A market analyst took to X to highlight the factors behind this surge. According to the anonymous individual under the pseudonym of HouseofChimera, activating a streaming swap in the THORChain (RUNE) mainnet brought about the spike.

Streaming swap is a feature that allows users to segment a single swap into several sub-swaps. These swaps are then executed gradually over a specified duration. The essence of the THORChain (RUNE) streaming swap is to reduce price slippage.

Besides activating steaming swaps, THORChain (RUNE) also integrated with other blockchains consisting of Avalanche and Cosmos in August. Furthermore, THORChain (RUNE) introduced lending in mid-August, a protocol that facilitates borrowing between THORChain (RUNE) and other layer-1 blockchains.

As a result of these consistent developments, THORChain witnessed a price surge, with RUNE hitting the $1.7 price point on August 22. This move signified a 25% increase in the price of RUNE. However, THORChain (RUNE) soon shed 17%, with the price currently at $1.4.

Analysts believe the subsequent decline in the THORChain (RUNE) price resulted from buyers scooping their profits. Therefore, sellers will likely take over the scene and push the price even lower in the coming days. So, RUNE might not be a good crypto to buy for now.

VC Spectra (SPCT) Primes Up For Exponential Growth

VC Spectra (SPCT) remains committed to growth despite the fluctuations in the crypto market. As a decentralized hedge fund, VC Spectra (SPCT) offers secure investment opportunities in blockchain projects. With the incorporation of a reliable process, VC Spectra investors can access new ICOs and exercise their voting rights.

VC Spectra (SPCT) compensates users with quarterly dividends and a buyback opportunity. As a standard token built on the Bitcoin BRC-20 blockchain, SPCT comes with a deflationary model. This model allows VC Spectra (SPCT) to reduce the number of tokens circulating over a designated period.

VC Spectra (SPCT) progressed into the third stage of its presale cycle on August 17, selling for $0.025. Upon entering the fourth stage, investors will benefit from a 32% increase. Currently, VC Spectra (SPCT) is bound for a 220% surge in price at the end of the presale when the price reaches $0.08.

These projections connote that VC Spectra is a profitable investment for market participants looking for the best cryptocurrency to buy.

Learn more about VC Spectra (SPCT) and its presale:

Buy Presale:





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 NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Source link