Despite Bitstamp's Ripple (XRP) staking offer and Cardano's (ADA) Mithril mainnet beta launch, cryptocurrencies are experiencing slight price drops and reduced trading volumes. They also suffered a slight price decrease in the past 24 hours.
In contrast, VC Spectra (SPCT), a decentralized asset management protocol, is gaining momentum with promising returns during its presale stages.
On August 2, Bitstamp announced that users can now stake Ripple (XRP) and earn a 2% APY. The announcement is part of Bitstamp's Earn Lending Program and was made in partnership with Tesseract, a lending specialist. Despite the report, Ripple's (XRP) price has slightly declined.
In mid-July, Ripple (XRP) experienced a surge following a win in its lawsuit against the U.S. SEC. The SEC had accused Ripple of conducting an unlicensed securities offering during its ICO. However, U.S. Judge Analisa Torres ruled that the SEC should not classify Ripple as a security, triggering a renewed trader interest in the XRP.
Ripple (XRP) is currently trading at $0.6646, decreasing slightly by 0.86% in the past 24 hours. However, its volume declined sharply by 21.12% in the same timeframe. Ripple (XRP) has been down by 6.82% in the past seven days. These stats show a bearish environment for Ripple (XRP) holders.
Cardano (ADA) has successfully completed its Mithril mainnet beta launch, marking a critical step in establishing a robust blockchain ecosystem. Mithril introduces a staking-based protocol that speeds block verification and enables decentralized decision-making among network nodes. This progress enhances Cardano's (ADA) potential in the cryptocurrency sphere.
Meanwhile, Cardano (ADA) is trading at $0.2963, experiencing a minor drop of 0.45% in the last 24 hours. Despite this short-term decline, Cardano (ADA) has shown an increase of 0.97% over the past 30 days. However, a decrease in trading volume by 15.61% in the past 24 hours indicates reduced interest from Cardano (ADA) traders.
Crypto experts propose that Cardano (ADA) neither leans towards bullish nor bearish, as the price is currently in the middle of a broad channel. They also add that Cardano (ADA) is in consolidation within the $0.28 to $0.32 range until the month's end.
VC Spectra (SPCT) is a decentralized platform offering secure and transparent investment in blockchain and technology. Through its trustless investment management protocol, VC Spectra (SPCT) allows investors to choose their involvement level, democratizing access to the blockchain industry while delivering sustainable profits.
VC Spectra's decentralized protocol provides open access to all investors and ensures complete control over assets securely stored in blockchain smart contracts, negating the need for intermediaries. Additionally, VC Spectra (SPCT) is committed to sustainable and ethical investments, aligning with projects that support sustainability, transparency, and social responsibility for a positive societal and environmental impact.
In Stage 2 of VC Spectra's public presale since July 19, 2023, VC Spectra offers a token price of $0.011, marking a 37.5% gain from the Stage 1 price of $0.008. For a limited time, investors purchasing now can avail themselves of a 25% bonus. In Stage 3, the SPCT token price will escalate to $0.025, signifying a 127.27% increase from the current price.
By the presale's conclusion, those who bought SPCT at Stage 1 could witness a substantial 900% increase.
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
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