Compound Breaks the News, But Can It Sustain Its Momentum? SPCT and SHIB Rise As Well

Shiba Inu (SHIB) has registered notable ballooning in the second quarter of 2023. Meanwhile, VC Spectra (SPCT) has stirred up the market in the market by collecting $2.4 million only two weeks after its seed and private sale was launched.

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The crypto market has shown a positive sentiment in the last few days triggering excitement among investors. Compound (COMP) has skyrocketed by a startling 113% in two weeks! Not to be left behind, Shiba Inu (SHIB) has registered notable ballooning in the second quarter of 2023. Meanwhile, VC Spectra (SPCT) has stirred up the market in the market by collecting $2.4 million only two weeks after its seed and private sale was launched.

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Compound’s (COMP) Price Rises Tremendously: What’s Causing It?

Compound (COMP) surged over 70% during the final week of June, leaving a trail of shock in the market. The recent revelation that Superstate will collaborate with Ethereum in forming an interim government bond fund fueled this Compound (COMP) rise. 

Generally, a market surge is an opportunity for investors to make profits, but this wasn’t the case. Data suggest that approximately 90,000 COMP was disposed of between June 24 and 27, with Compound investors racing to maximize their gains. Compound (COMP) continued rising, causing skepticism among investors and forcing them to stop selling and accumulate. 

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Meanwhile, analysts opine that Jumbo crypto whales may be responsible for the Compound (COMP) price surge. One of the wallets holds numerous COMP tokens and has contributed to the recent 170,000 COMP token withdrawal from Binance. The tokens are worth $9.7 million, representing 1.7% of Compound’s (COMP) total supply. 

Yet, the Compound’s (COMP) results from the past 24 hours suggest a downward trend. The token dropped by 7.52% to trade at $59.29 from $64. 

VC Spectra’s Remarkable Market Dominance

VC Spectra (SPCT) presents investors with exciting investment opportunities. The decentralized hedge fund focuses on improving FinTech and blockchain by offering strategic investments and ICOs. 

Furthermore, investing in the SPCT token allows users exclusive access to promising projects. VC Spectra (SPCT) identifies profitable investment opportunities in blockchain and technology to maximize investor profits and reduce risks. Moreover, the platform uses systematic and algorithmic trading strategies to guide investors into making informed decisions.

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VC Spectra (SPCT) honors users with quarterly buybacks and dividends from its investment profits, voting rights, and exclusive access to pre-ICOs. SPCT is developed on the Bitcoin blockchain and employs a deflationary model. Further, it has a burn mechanism that regulates token circulation. 

Stage 1 of VC Spectra (SPCT) presale is almost 70% complete, with SPCT trading at $0.008. Stage 2 of VC Spectra’s public presale will commence immediately after the available token supply is 100% sold. The projected price in Stage 2 will be $0.011 representing a 37.5% surge from VC Spectra (SPCT) initial price. 

The price will continue rising through the presale stages, with the icing on the cake being the 10x surge to reach its target price of $0.08 when the public presale ends. 

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Shiba Inu’s (SHIB) Explosive Growth

Shiba Inu’s (SHIB) growth in the second quarter of 2023 has been remarkable. Data shows that the number of daily new addresses on the platform surpassed 4,000 on June 27!

Furthermore, Shiba Inu’s (SHIB) layer-2 scaling solution testnet (Puppynet) has clocked 25 million, estimated to be 270,000 daily transactions. Such tremendous activity has contributed to Shiba Inu’s (SHIB) overall growth. 

Earlier in June, reports suggested that the number of wallet addresses involved in Shiba Inu’s (SHIB) fund movement was 16 million. The number has since skyrocketed to 17 million, demonstrating increasing engagement and interest among the Shiba Inu (SHIB) community.

Shiba Inu’s (SHIB) rising interest and activity were attributed to a message Shytoshi Kusama, SHIB developer, shared on Twitter regarding forthcoming developments in the ecosystem. An analyst weighed in on the Shiba Inu ecosystem developments, revealing he had accumulated SHIB.

Despite growing interest in the Shiba Inu ecosystem, the token registered a downward trend dropping by 3.72% in the past 24 hours to reach $0.000007. VC Spectra is currently dominating the market. As an investor, investing in the Spectra token is an opportunity to receive a 75% bonus on your deposit.

Learn more about the VC Spectra (SPCT) presale here:

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