Market Watch: A Surge in XRP Whale Activity, Litecoin Drops Below $100, VC Spectra Generates 37.5% ROI

Ripple (XRP) has witnessed decisive actions from whales in the past few days. This might be Ripple’s (XRP) signal of an imminent surge. Meanwhile, Litecoin (LTC) dropped below the support region of $100, losing many of its investors to VC Spectra (SPCT).

VC Spectra (SPCT) generated more than $2.4 million in its private presale and is all set to gain 37.5% in Stage 2 of its public presale. Read on to learn more.

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Whales Are Storming Ripple (XRP): Is A New High In Sight?

Starting this week in the greens on July 5, 2023, Ripple (XRP) looked like a good investment. Later, things changed as it dropped by 6% from $0.493 on July 5 to a weekly low of $0.463 on July 6.

The reason for this drop is significant buyer pressure as the market dipped for Ripple (XRP). Losing its central support region of $0.475 briefly, Ripple (XRP) is now recovering as whales spun into action and grabbed the buying opportunity presented by the dip.

The $0.475 support region was quickly regained by Ripple (XRP) on July 10 as whales stormed the coin. Ripple (XRP) rose 3% from $0.465 to $0.479 within 24 hours, recovering half its lost market.

Although Ripple (XRP) saw a minor whale action and gained its critical support region, the bullish burst appears short-lived. For example, the RSI indicates a slightly overbought state for Ripple (XRP), and sell orders are rising. This situation suggests another drop soon for Ripple (XRP).

Litecoin (LTC) Dropped Blow Its $100 Support: Is It The End?

The market’s star boy, Litecoin (LTC), lost its vital $100 support region and continues in red charts. Earlier in June, Litecoin (LTC) reached its all-time high of $112. Litecoin (LTC) started this week at $107 on July 4 but dropped more than 13% to $92.96 on July 10.

Litecoin (LTC) appears overbought, which can drive its price further down. Litecoin (LTC) is also losing market because of the incoming Federal Reserve Meeting Minutes and their announcement to increase the Benchmark Rate twice or more.

Litecoin (LTC) is not the only coin affected by this because the whole crypto market saw 2% market capitalization. Litecoin (LTC) also saw multiple big sell orders but remained relatively firm on its support levels.

Currently, Litecoin (LTC) is locked in a bear market and may not retest its higher highs anytime soon. For this reason, investors of Litecoin (LTC) are moving towards other bullish projects like Polygon (MATIC) and VC Spectra (SPCT).

VC Spectra (SPCT) Is Expecting A 37.5% Price Hike Amidst Ongoing Presale

Meanwhile, a new asset management blockchain, VC Spectra (SPCT), is quickly growing into a profitable project. Providing safe investment solutions to generate sustainable income, VC Spectra (SPCT) is revolutionizing the traditional investing models of the world.

VC Spectra (SPCT) ensures asset safety and strategic investments in ICOs by employing a team of venture capitalists and risk managers. Exclusive voting rights for VC Spectra (SPCT) investors allow them to control their assets and involvement in the blockchain.

Furthermore, VC Spectra (SPCT) provides additional investment opportunities in its VC Spectra Fund.

That said, VC Spectra (SPCT) offers 1 billion of its BRC-20 native tokens, SPCT, in public and private presales. The private presale raised $2.4 million, while the public presale is underway in stages.

Stage 1 of the public presale is 70% sold out and offered 125 million SPCT tokens at $0.008. Stage 2, however, will increase the price by 37.5% to $0.011. This trend will continue in consecutive stages until the launch price target of $0.08.

The $0.08 launching price will mark a 900% surge for VC Spectra (SPCT) since its initial offering price of $0.008 in Stage 1 of the public presale. Therefore, now is the best time to invest in VC Spectra (SPCT).