Ripple (XRP) has had such a rollercoaster year. First, the long-running SEC case was settled, and then fresh concerns arose after the agency intended to appeal the case. These events have had a significant impact on Ripple.
Still, XRP has managed to gather itself and mount a decent rally over the past few weeks. The only worry most investors appear to have is: how high will the altcoin price go? Answering this question is leading many to other alternatives with more potential, such as VC Spectra (SPCT).
>>BUY SPCT TOKENS NOW<<
Summary
- Investors lose faith in XRP after a sluggish performance over the past few weeks.
- XRP investors turn to VC Spectra after an impressive presale
XRP Price Prediction: How Viable is Ripple as an Investment?
As mentioned earlier, Ripple’s (XRP) year can be divided into two distinctive stages. Before the SEC ruling and after. The SEC had accused Ripple of offering unregistered securities. Therefore, the court expected the agency to show the defendants “knew or recklessly disregarded the facts that made Ripple’s transactions and schemes illegal under statutory and case law.”
Without this evidence, the court ruled in favor of Ripple. The day the news broke, the XRP crypto price rallied over 101%. The altcoin price would maintain its new-found level of $0.85 for a few days before the steady descent began.
You see, a few days later, rumors began to swirl that the SEC had intentions to appeal the ruling. This cast fresh doubts in the minds of investors who didn’t seem quite confident XRP could maintain its uptrend.
Many quickly took profits, which saw Ripple (XRP) sink to the $0.42 level three weeks later. The uptrend was broken, and the feel-good factor deserted XRP, leaving the altcoin struggling over the next few months.
The XRP crypto price would trade sideways until mid-October, when Ripple began its recent rally. This coincided with the onset of the new bull cycle. A closer look at Ripple’s chart reveals the XRP crypto price broke the $0.51 and $0.55 levels in quick succession. Before getting stuck around the $0.75 level after the uptrend lost its momentum.
XRP has formed a higher low at the $0.57 level, and will hope it can finally push past the $0.85 barrier. A break above that level would leave XRP staring at the $1 mark. Still, with open interest in Ripple (XRP) slowing down, many are skeptical of XRP’s prospects over the next few months.
Investors Turn to VC Spectra (SPCT) as an Alternative to Ripple
The newly established decentralized hedge fund VC Spectra (SPCT) is receiving plenty of attention from investors after a spectacular presale. Unlike XRP, whose price action has been shaky, VC Spectra has seen the price of its token, SPCT, grow steadily over its presale.
VC Spectra began the presale a few months ago after launching, offering its SPCT tokens at a discount for early investors. The SPCT token began trading at $0.008 at the first presale stage and would grow to $0.011 by the second stage. And then to $0.044 by the third stage, $0.066 by the fourth stage, and $0.077 by the fifth presale stage.
VC Spectra has made it clear the ongoing fifth stage is the final presale round. Then, the project will embark on getting its token listed on major exchanges. If you have been keeping count, the altcoin price has grown by 862% over the period.
And many experts tip that the price will cross the $1 mark once listed on the likes of Kucoin and Binance. Driving the incredible growth of SPCT is VC Spectra’s spectacular utility. The project serves as a hub for crypto investing and trading opportunities.
Only SPCT is required to access the many opportunities on offer, guaranteeing holders of the tokens a share of the profits realized. Either from investing in ICOs or exploiting DeFi and trading markets.
Learn more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
The post Is It Already Too Late to Add Ripple (XRP) to Your Portfolio? Assessing its Potential as an Investment appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/is-it-already-too-late-to-add-ripple-xrp-to-your-portfolio-assessing-its-potential-as-an-investment/