Can 1inch Network Sustain Its Surge? Arbitrum and VC Spectra Offer Better Long-Term Prospects

1inch Network (1INCH) experienced significant growth, resulting in a notable price resurgence on July 17, 2023. Will the rise persist? Meanwhile, Arbitrum’s (ARB) highly efficient roll-up technology makes it a great long term prospect for investors

However, investors can count on VC Spectra (SPCT), which is much better than 1inch Network (1INCH) and Arbitrum (ARB). The platform employs stringent safety standards for both long-term prospects and the protection of investor capital.

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1inch Network (1INCH) Experiences a Decline Despite the Recent Surge

On Monday, July 17, 2023, 1inch Network (1INCH) was the best performer among 100 altcoins. The coin started with an 89% increase in 4 days to trade at $0.59. 1inch Network’s (1INCH) trading volume reached $597 million, the biggest number since October 2021.

The notable 1inch Network (1INCH) gain followed investor confidence after the Ripple victory over the SEC allegations. Furthermore, 1inch Network (1INCH) became the second most traded asset on Upbit, South Korea’s largest exchange.

However, bears forced the 1inch Network (1INCH) price down to $0.40 from $0.59, a 6.16% correction on the same day, July 17, 2023. 1inch Network (1INCH) losses spilled over, triggering more losses on July 18, 2023. The price plunged to $0.37, recording a 56.8% decrease, while 1inch Network’s (1INCH) trading volume declined by 65.92% in 24 hours to $249 million.

Analysts predict that the maximum 1inch Network (1INCH) price could reach $0.53, with an expected minimum of $0.47 by the end of 2023.

Arbitrum (ARB) Tries to Mend Its Governance

Arbitrum’s (ARB) price, as of July 18, 2023, is $1.25, a 30% drop from an all-time high of $1.78 in April. Arbitrum’s (ARB) price is also down by 3.79% in the last 24 hours, with the trading volume settling at $394.7 million.

Despite the recent drop in price, Arbitrum (ARB) has experienced continuous growth over the past quarter of 2023. Arbitrum’s (ARB) popularity began to soar following its token airdrop on March 23, 2023.

Furthermore, Arbitrum (ARB) is the most dominant player in the Ethereum Layer 2 eco. Being a prominent player allows Arbitrum (ARB) to exhibit significant advantages regarding daily active users, total capital locked, and new projects.

Also, on July 6, 2023, Arbitrum DAO locked up a whopping 700 million ARB tokens worth about $770 million. The move addresses transparency concerns within the project and promotes collective decision-making.

Experts predict that if Arbitrum (ARB) continues demonstrating its commitment to responsible governance, the price could reach $1.56 by the end of 2023.

VC Spectra (SPCT): Investors Multiply Their Crypto Potential

The recent launch of VC Spectra (SPCT) elicited excitement among shrewd investors. Why? VC Spectra (SPCT) is a decentralized hedge fund leading transformation in FinTech and Blockchain.

VC Spectra SPCT token is a BRC-20 standard cryptocurrency designed to provide a seamless experience on the Spectra platform. Developed on the Bitcoin platform, the SPCT token is deflationary with a burn mechanism that helps regulate token circulation in the market.

VC Spectra (SPCT) uses advanced and robust strategies to establish and invest in sustainable blockchain and technology-based ventures. Furthermore, VC Spectra (SPCT) rewards users with exclusive pre-ICOs, voting rights, quarterly dividends, and buybacks.

VC Spectra (SPCT) is in Stage 2 of the public presale, with the token selling at $0.011. Stage 1 price was $0.008, meaning early investors got 37.5% ROI. The SPCT token price will continue rising as the presale progresses. VC Spectra (SPCT) is expected to hit its target price of $0.08, leading to a 900% surge.

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