Recently, the SEC has invaded the crypto market in a never-before-seen manner. DASH has become the latest victim of the regulatory body’s actions after being classified as a security. While that happens, XRP and SPCT are readying themselves for price surges.
As Ripple (XRP) experiences an upward trend, VC Spectra (SPCT) is nearing the completion of its stage 1 public presale and is poised to witness a 10x surge. The platform raised $2.4 million in only two weeks, demonstrating its potential, increased investor demand, and popularity.
SEC Says Dash is a Security, but The Community Comes to its Defence
In SEC’s latest debacle against the crypto world, DASH has been classified as a security. However, its community has come out to defend it vehemently, saying DASH has no characteristics to warrant such a classification.
The DASH users are vexed and have taken to using the clown emoticon to describe the unusual actions of the SEC. According to the SEC, DASH is an unregistered security because an internal core group is behind its development. As a result, the team’s efforts to improve and promote the product make it an investment. However, it’s also important to note that DASH has a proof-of-work accord mechanism and shouldn’t be classified as a security.
So, what are DASH users’ assertions? They say the token represents a decentralized payment system managed via a distributed ledger but not controlled by any organization. Moreover, the SEC relies on the Howey test definition of security, which the users say exonerates DASH from the picture.
This push and pull between the SEC and Dash community haven’t affected the token’s performance. In the last 24 hours, Dash rose by 0.21% to trade at $37.67. However, analysts foresee a significant fall in Dash’s price before the beginning of July. They say the token will decline 14.05%, reaching $32.18.
XRP Repeats Historical Movements: Is A Price Surge On The Horizon?
A prominent crypto analyst recently mentioned that Ripple (XRP) was moments away from replicating historical movements. Such a move could trigger a massive price rise. Ripple (XRP) registered a 0.86% surge to trade at $0.488387. This increase is attributed to increased investor demand, and should it continue, XRP will prolong its upward trend for longer.
Back to the analyst; He was confident that studying Ripple’s (XRP) previous performance could provide insights into the token’s future movement. Based on this perspective, the analyst said Ripple (XRP) was likely to be the only token with total regulatory clarity. Of course, that could result in a considerable price increase.
According to financial experts, XRP will skyrocket by 8.59% to reach $ 0.532517 by early August.
Vc Spectra (SPCT) Prepares to Disrupt the Market
Since its launch, VC Spectra (SPCT), a decentralized hedge fund, was positioned to cause unrest in the financial markets. It’s designed to intensify blockchain and FinTech through ICOs and strategic investments. But that’s not all; VC Spectra gives users access to profitable projects and responsible and ethical investments.
Investors are attracted to profit-making ventures, and VC Spectra (SPCT) identifies the ideal projects with unmatched precision. Furthermore, the platform leverages a rigorous process to identify highly profitable investment opportunities in technology and blockchain. VC Spectra (SPCT) rewards its users with voting rights, quarterly dividends and buybacks from its investment gains, and exclusive access to pre-ICOs.
VC Spectra (SPCT) trades at $0.008, but its target price is $0.08, representing a 900% jump as its public presale progresses. The platform is poised for an even more explosive price surge during stage two of its presale. The projected price is $0.011, representing a massive 37.5% surge.
Are you passionate about the crypto realm? VC Spectra (SPCT) should be your go-to token at the moment.
Learn more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund