XRP faces tough rivals in BNB, Stellar, and VC Spectra

XRP is a popular digital asset, and many traders seek to profit from its volatility in 2023. Yet, the competition is intense, with BNB, Stellar (XLM), and VC Spectra (SPCT) offering viable alternatives.

Investors are paying close attention to VC Spectra, whose presale is in stage 3. Before the project launches, supporters expect SPCT prices to increase. 

Can other projects match up? Let’s first review XRP.

SEC vs. Ripple trial set for Q2 2024

The Securities and Exchange Commission (SEC) vs. Ripple legal battle has been the focal point for XRP since late 2020. 

Despite Ripple’s partial court victory in July 2023, the lawsuit continues. Unless Ripple’s defense team opposes the SEC’s new appeal, the trial is set for Q2 2024. 

This would add more suspense in the regulatory clarity around XRP as the lawsuit’s outcome remains unknown.

Despite erasing all of its gains after rallying in July, XRP is up 21%. Moreover, the XRP Ledger (XRPL) recently closing its 82 millionth record points to XRP’s growing adoption.

Analysts are bullish regardless of the regulatory problems, predicting XRP to reach $1 by 2024.

Allegations of Binance CEO selling Bitcoin to support BNB continues

BNB remains under pressure. 

Santiment data notes that BNB is the third fastest-rising topic in crypto due to Binance’s regulatory issues. The exchange is under scrutiny for allegedly selling Bitcoin (BTC) holdings to support BNB, which recently hit $203, a year-to-date low. The suspension of SEPA payouts for European customers has further hurt Binance’s reputation.

Moreover, the platform faces a few compliance issues that haven’t been kind to BNB prices. Still, the coin remains among the most traded because of its integral role in Binance and its broad ecosystem.

With this in mind, analysts forecast BNB to reach at least $250 by end of the year.

Stellar Foundation announces MoneyGram investment

MoneyGram and Stellar initially partnered in 2021 but recently strengthened their relationship after Stellar Foundation purchased a minority stake in the money transfer company. While the amount bought is undisclosed, Stellar will have a seat on MoneyGram’s board of directors.

Ultimately, such a deal should be instrumental in increasing XLM adoption. After falling 46% in July, crashing from $0.19 to $0.10, the coin is up 20% to $0.12. Traders predict XLM to reach at least $0.50 by 2024. 

VC Spectra is in stage 3 of its presale

VC Spectra is an alternative, decentralized hedge fund that will combine expert analysis, trading agility, and smart contracts.

VC Spectra‘s team will research and vet identified projects with the highest potential. 

The platform also plans to implement advanced strategies like hedging and diversification while integrating machine learning to minimize risks and maximize gains. Using smart contracts means funds are stored, profits are issued, and investments are managed without human intervention.

The Spectra token, SPCT, is a utility token granting holders voting rights, participation in exclusive high-discounts crowdfunds, and quarterly dividends.

Presently, SPCT is available for $0.025. Investors can purchase the token using BTC and Ethereum (ETH). 

In stage 4 of the presale, SPCT prices will increase by 32% to $0.033. However, holders expect SPCT to soar after the presale to $0.08.

Learn 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