Avalanche (AVAX) has recently reached a significant milestone, hitting $17 and sparking enthusiasm among investors. Simultaneously, investors are attentively monitoring Avalanche’s prospects while exploring broader opportunities in the crypto space, focusing on assets like VC Spectra (SPCT) and XRP.
Let’s explore the factors influencing the future trajectories of these top altcoins.
Summary:
- Avalanche witnesses an astonishing 75% price surge in 10 days.
- VC Spectra (SPCT) attracts investors with secure and highly profitable DeFi projects.
- Unverified rumors triggered a roller coaster ride in the XRP’s price trajectory.
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Avalanche (AVAX) Surges 75% in 10 Days
Avalanche (AVAX) has emerged as the second-best performing mega-cap altcoin, witnessing an impressive 75% surge in the last 10 days. The crypto analyst Hitesh Malviya sheds light on the driving force behind Avalanche’s (AVAX) adoption momentum.
Malviya highlights the pivotal role played by newly launched GameFi subnets, stating that they are a significant catalyst propelling Avalanche’s (AVAX) adoption. In the context of Avalanche, subnetworks (subnets) represent separate blockchain protocols operating within the native Layer 1 blockchain protocol. These subnets contribute validators that multiple blockchains within the Avalanche ecosystem can share.
However, the AVAX price prediction is not without challenges. The AVAX price was pretty volatile during the second week in November, hovering between $13 and $19.
In order for Avalanche (AVAX) to reclaim the $20 mark, the bears must overcome resistance at $23. A critical juncture is depicted, with 402,470 holders acquiring 2.95 million Avalanche at an average AVAX price of $22.98. The potential exit of these investors could trigger an AVAX price correction.
VC Spectra (SPCT) Introduces Profitable DeFi Projects
Positioned as a leader in decentralized asset management protocols, VC Spectra’s (SPCT) is dedicated to providing investors with a secure and highly profitable investment experience. VC Spectra (SPCT) provides its investors with an impressive array of new DeFi projects across various sectors.
The investment team at VC Spectra (SPCT) meticulously identifies the best DeFi projects, focusing mainly on early-stage companies.
In Stage 4 of its public presale, VC Spectra (SPCT) has achieved a price of $0.066. This reflects an impressive 725% growth for VC Spectra (SPCT) holders from the initial value of $0.008.
Anticipating the conclusion of the presale, well-informed projections indicate a substantial 900% increase, potentially propelling the VC Spectra token SPCT to $0.08.
This continuous upward trend underscores investors’ strong belief in VC Spectra (SPCT), solidifying its position as the best cryptocurrency to invest in.
XRP Rollercoaster: Unverified Rumors Trigger Market Chaos
XRP experienced a rollercoaster ride in its price trajectory, spurred by unverified Ripple XRP news. The root cause of the XRP crypto price swings was speculative chatter suggesting that BlackRock was contemplating the launch of an XRP-based ETF in Delaware.
The crypto community witnessed a rapid surge in the XRP crypto price on November 13, soaring from $0.65 to $0.73 in just 25 minutes. This abrupt spike-triggered heightened activity in the XRP futures market. The wild fluctuations in the XRP crypto price created a state of unrest in the market, with futures traders reportedly facing losses of approximately $7 million.
However, the excitement proved short-lived. Subsequent investigations revealed that the purported filing for the XRP-based ETF was a fabrication. This revelation prompted the XRP crypto price to plummet back below $0.6 on November 14.
Despite this short-term shock, analysts expect that XRP will manage to recover its price above the critical $0.69 level before year-end.
Find out more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
The post Avalanche Hits $17 Milestone: Possibilities of Reaching $20? Analyzing the Future of VC Spectra and XRP appeared first on Analytics Insight.
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