The popularity of cryptocurrencies is on the rise. Recently, eCash (XEC) saw an increase of over 11,650% in transaction volume in just 24 hours. This increased market interest in eCash (XEC) can be attributed to another cryptocurrency, Bitcoin Cash. Today, major players are eyeing the growth of VC spectra (SPCT) — does it have the capacity to follow the trend defined by eCash (XEC)?
eCash (XEC) Surpassed 11,650% Transaction Volume: How and Next?
On June 30, 2023, eCash (XEC) experienced a rapid increase in trading volume, pushing its price up 100% (at the high) to $0.00004. The trading volume that day was just under $5.5 million. However, this volume jumped more than 11,650% in one day to reach nearly $650 million on July 1, 2023.
The increased market interest in eCash can be attributed to higher stakes in sister blockchain, Bitcoin Cash (BCH). eCash (XEC) and Bitcoin Cash (BCH) are spin-offs of the Bitcoin blockchain, so interest in either chain quickly finds its way to the other.
When Bitcoin Cash (BCH) started climbing the charts, it sparked a positive attitude towards the eCash (XEC) blockchain. Trading volume increased from $5.5 million to a high of $1.1 billion at one point, but it quickly narrowed down to $650 million.
This sudden increase, although not caused by changes within the eCash (XEC) blockchain, gave eCash (XEC) a new “strong support zone” of $0.00003. While this may mean that eCash (XEC) is bullish in the short term, short positions are starting to set in as trading volume decreases.
In the coming weeks, eCash (XEC) could linger for a retest of its new support zone. If there is a positive response, it could push the price to levels above $0.00005, as the current trend suggests.
Imminent rise of VC Spectra: will SPCT break the charts in green?
VC spectra (SPCT) is a relatively new player in the world of crypto. However, VC Spectra (SPCT) is causing waves in blockchain networks and lead by example with pre-sales and real-life implications. Following a brand new strategy, VC Spectra (SPCT) leverages AI to bring technology and safe investment tools together.
At private/seed pre-sale events, VC Spectra (SPCT) has raised over $2.3 million and carry on public presales in stages. The current stage 1 offers 125 million SPCT tokens at $0.008. However, in step 2, the price will be increased to $0.011. Presales will continue until the target introductory price of $0.08 is reached. This results in a 900% jump by the next launch event.
VC spectra (SPCT) investors can take advantage of several high-end benefits. For example, the VC Spectra blockchain provides access to initial coin offerings (ICO), which is great for investing in blockchain startups. Moreover, the VC Spectra’s Decentralized Hedge Fund Hierarchy (SPCT) gives voting rights to all its investors, making them fully aware and in control of their investments. By doing this, VC spectra (SPCT) not only did simpler decision-making process but also get rid of intermediaries.
Consequently, he improves user experience and facilitates trading For VC spectra (SPCT) traders. Besides, VC spectra (SPCT) uses the latest multi-chain support, enabling the VC Spectra (SPCT) ecosystem to deliver faster, cheaper, and simpler transactions.
Learn more about VC Spectra (SPCT) at the following links.
Website: https://vcspectra.io
Disclaimer: This is a paid sponsored post. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered investment advice. Always do your own research before deciding to buy, sell or transfer crypto assets.
