Stellar & Compound in the shadows as VC Spectra gains momentum

Stellar & Compound in the shadows as VC Spectra gains momentum

While Stellar (XLM) and Compound (COMP) are less popular altcoins, they dominate their respective fields. Still, either project is falling out of favor as VC Spectra (SPCT) shows no let-up in gaining momentum.

After raising $2.4 million in a fortnight of its seed sale, more has been injected after selling 125 million SPCT in the Stage 1 presale.

Find out about Stage 2 after covering the latest for Stellar and Compound. 

Stellar (XLM) to award developers as part of Soroban adoption fund

Stellar is incentivizing people to build on the test version of Soroban, Stellar’s long-awaited smart contracts platform. Here, developers can get rewarded between $300-$1500 worth of XLM for launching any decentralized app on Soroban. 

The money is from the $100 million Soroban Adoption Fund to support Stellar enthusiasts to experiment with the latter. Soroban should revolutionize and make Stellar (XLM) more valuable as it seeks to recapture its dominance.

Yet, after a good bull run between June 15-July 13, 2023, Stellar is down 27% from $0.19 to $0.14. With less than four months left this year, most analysts believe XLM could reach up to $0.25.

Let’s look at Compound, which also has the tall order of returning to its recent high.

Compound (COMP) down 33% after near 4x rally & superstate fund

Compound was one of the best-performing altcoins recently, rallying 281% from $22.95 to $87.48. This was the same for many other tokens following the Bitcoin ETF development from BlackRock in mid-June.

A few weeks later, Compound (COMP) launched an Ethereum-based fund called ‘Superstate’ to invest in government bonds. This also contributed to Compound’s (COM) climb, even when CEO Robert Leshner stepped down.

But since mid-July, Compound has slowly declined 33% to $57.64, despite a slight rise in total value locked and fees. This is an interesting inverse correlation between COMP’s price and the metrics.

The only other explanation may be the crypto sentiment per the Fear & Greed Index, which has leaned towards investors selling.

Most predictions estimate Compound (COMP) reaching up to $100 in the remaining months of 2023, equaling a potential 1.74x gain. The latter returns pale compared to VC Spectra (SPCT), poised for a 627% return within the same period.


VC Spectra (SPCT) to seek alpha in thriving blockchain and technology ventures

The blockchain and technology industries continue to accelerate in growth, ripe for anyone seeking to capitalize on high-return alternative investments. VC Spectra will be the facilitator with a decentralized hedge fund for early-stage companies operating in the mentioned markets.

The platform ensures profitable returns through its expert team, which meticulously selects the projects with the greatest potential. Moreover, various advanced strategies, including machine learning, will get applied to manage the risks.

Accessibility and autonomy are also vital for VC Spectra (SPCT) to separate it from the pack. Investors choose their financial involvement as no minimum deposits apply. The service uses smart contracts to automate functions like keeping funds and distributing profits.

SPCT, VC Spectra’s utility token, truly incentivizes people to join this service. SPCT holders enjoy quarterly dividends (above the regular profits), voting rights, and access to exclusive discounted pre-ICOs.

VC Spectra’s Stage 2 presale is ongoing, with more SPCT available for $0.011. The next price for Stage 3 is 127% higher at $0.025, but it gets better. Early adopters buying SPCT can earn a 627% gain as the expected value is $0.08 when VC Spectra launches.

Learn more about the VC Spectra presale here:-

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Mark Peterson: Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.