Celo Seeks to Return to The Ethereum Ecosystem: Price Implications for CELO, ETH, and SPCT
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steady value rise in the world’s most influential blockchain, Ethereum (ETH), has spotlighted the altcoin market. Here, we have Celo and the lesser-known VC Spectra (SPCT). Yet, the latter will gradually become a household name among the likes of Ethereum (ETH) and Celo.
Let’s look at the price implications for each project and see how VC Spectra (SPCT) beats them all.
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Celo Set To Return To Its Roots By Being An Ethereum L2 Again
The latest news for Celo is a return to being an Ethereum-based layer-2 solution after being an independent blockchain. After months of deliberation, the developers proposed to transition back to its predecessor on Celo’s governance forum.
This has been well-received by Celo’s community, resulting in a minor 22% boost in value on July 17, 2023, from $0.50 to $0.61. Yet, it quickly dropped to $0.52.
Still, Celo faces stiff competition as it’s ranked far lower in market cap rankings. This also means it’s a riskier investment than its predecessor, Ethereum (ETH), but could grow more under the right circumstances.
Many predictions have pegged Celo to be worth a maximum of $1, almost double its current value.
Ethereum (ETH) Barely Breaks The $2,000 Level
Ethereum’s (ETH) price has yet to confidently breach the $2000 level on several occasions of late. Data from Lookonchain reveals that a ‘whale‘ recently sold $2.78 million of ETH. This was when the value got boosted after the favorable outcome in the SEC vs. XRP lawsuit.
Still, investors are confident the price will eventually break the $2000 mark as a blockchain that experiences new developments. The latest is the launch of the multi-collateral stablecoin, GHO, on Ethereum (ETH) via the Aave Protocol.
With all this in mind, predictions peg Ethereum (ETH) to be worth a maximum of $2500 by 2024.
Celo isn’t the blockchain looking to leverage the power of Ethereum (ETH). VC Spectra (SPCT) is also built atop the latter to deliver next-generation asset management.
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VC Spectra’s (SPCT) Price Set To Leapfrog 627%
VC Spectra (SPCT) is a novel crypto-based asset management and trading platform for expert-vetted blockchain and technology start-ups. The platform utilizes the power of smart contracts to provide freedom and autonomy for investors.
Users have custody over their assets, manage their portfolios in real-time, and automatically receive profits from the invested projects without human intervention.
Aside from seeking alpha, VC Spectra (SPCT) is committed to impacting the world positively. Thus, it will fund companies that are socially responsible and sustainable.
The Spectra token (SPCT) is the icing on the cake for users. One of the benefits of a decentralized platform is that participants can govern it. Just as Celo’s community had a say in the recent proposal, the same applies to VC Spectra (SPCT).
SPCT offers voting power where the more tokens one holds, the more influential their vote becomes. Moreover, it provides other benefits like quarterly dividends and entry into exclusive discounted pre-ICOs.
VC Spectra (SPCT) achieved a new milestone by entering Stage 2 of its presale. SPCT, available on the ERC20 and BRC20 networks, is trading at $0.011. This is predicted to increase value by 81.81% in the next stage to $0.02.
Yet, it gets better as experts believe the token should be worth $0.08 when VC Spectra (SPCT) launches, representing a 7.27x gain for those buying at $0.011.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Source: coinrivet.com
