Despite the SEC lawsuit against XRP (XRP), its capabilities continue to propel it into high-profile partnerships with large financial institutions such as the Swiss Central Bank. Meanwhile, the continued development of the Shiba Inu (SHIB) ecosystem boosts its profile from being just another meme coin. Similarly, VC Spectra (SPCT) has become the best crypto to buy as its price continued to surge during the bear market.

Let’s analyze XRP (XRP), Shiba Inu (SHIB), and VC Spectra (SPCT) further.

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Summary

Swiss Central Bank has partnered with XDC, not XRP, for its CBDC transfer technology test.
Shiba Inu (SHIB) appears bullish amidst the Shiba Inu coin burn and may rise to $0.0000069 at the end of October.
VC Spectra (SPCT) price surges as its high-demand public presale advances.

XRP Community Excited by Rumors XRP May Power Swiss Central Bank CBDC

In the Sibos 2023 event held September 18 to 21, a Swiss Central Bank representative described their test of the international transfer of CBDCs with a partner. Consequently, most crypto enthusiasts believed XRP to be the Swiss Central Bank’s partner, given its capabilities in the area and its existing relationships with other central banks in CBDC development.

Consequently, the price of XRP saw a 4% rise from $0.49 to $0.51. At the same time, more investors decided to buy XRP, resulting in a surge in volume traded from $955 million to $1.1 billion on the same date.

However, on October 11, a leading XRP analyst confirmed the Swiss Central Bank’s partner was XDC, not XRP. The announcement quickly caused a 2% decrease in the XRP crypto price from $0.49 to $0.48 on October 12.

Since then, XRP has been trading rangebound, with the XRP crypto price oscillating between $0.48 and $0.49 on October 18. Majorly, XRP has been bearish, with its price falling 3.9% from $0.51 at the beginning of October.

Consequently, market experts project the downward trend will persist as bears control XRP. XRP crypto price projections indicate the token may fall to the $0.47 support by the end of October.

Shiba Inu (SHIB) Gains Utility With The Launch Of Shibarium

The August 16 launch of Shibarium, a layer-2 network, saw the Shiba Inu (SHIB) gain practical utility and turn from being just another meme coin to joining the ‘top altcoins to watch’ list. Yet, despite the launch, Shiba Inu’s (SHIB) price declined 18%, falling from its recent high of $0.0000099.

Further, on October 16, a large Shiba Inu (SHIB) transaction of over 4 trillion SHIB coins took place amidst the Shiba Inu coin burn. Consequently, the Shiba Inu (SHIB) price surged 2.8% from $0.0000069 to $0.0000071 the following day.

As a result of the Shiba Inu coin burn, SHIB investors have seen projections turn bullish. With Shiba Inu (SHIB) becoming more scarce as the Shiba Inu coin burn progresses, SHIB price prediction shows SHIB may gain slightly by the end of the month, with more gains to come in the longer term following recent developments.

VC Spectra (SPCT) Becomes The Best Crypto To Buy In 2023

VC Spectra (SPCT) is a decentralized hedge fund democratizing tech and web3 investing.  Overall, VC Spectra has set up advanced asset selection, trading, and risk management strategies that rely on AI and the expertise of its team.

SPCT is the native digital currency of VC Spectra, which many deem the best DeFi crypto ecosystem. New investors can easily join the project by purchasing the coin in the ongoing public presale. SPCT holders get voting rights, the ability to trade on the platform, quarterly dividends from investment returns, and buyback opportunities.

Currently, VC Spectra (SPCT) is in Stage 4 of its multi-stage public presale. SPCT tokens are available at $0.055, a 587% gain for initial investors who acquired SPCT at $0.008.

However, VC Spectra also offers new investors to enjoy its price surge during presale. Rising demand has caused a change in the projected price of VC Spectra (SPCT) at the final presale stage. Previously, it was set at $0.080, a 10x return for Stage 1 investors. However, current forecasts indicate a likely rise, leading to a substantial gain for new investors.

Last but not least, buying VC Spectra (SPCT) offers a momentous bonus for all new deposits during this presale stage. This way, the platform has decided to demonstrate its appreciation for early adopters.

Learn more about the VC Spectra presale here:

Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io/

Twitter: https://twitter.com/spectravcfund

Telegram: https://t.me/VCSpectra

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Filed under: Bitcoin - @ October 23, 2023 7:26 am