- Spectrum token is trying to restore lost points
- The token’s high jump may hint at more gains this month
- Terra ecosystem is still backing Spectrum Protocol
Last year Spectrum token was on high charts when many traders and miners chose to stake as an only investment in metaverse to save their hard-earned cryptos. However, SPEC has gone down below its initial price of $4.10 on Coinmarketcap. In February the token has faced a turning point in entering recovery mode.
Because of the successful rise, last month SPEC has surged to $2.63 after it jumped over 230% by increasing the volume by $657,155. An ordinary trader seeing this move may predict that SPEC will go to the moon this month.
As we all know Spectrum Protocol project is still alive and supported by Terra which is holding a number seven position in the Coinmarketcap ranking list with a $33.5 million volume. Spectrum is a serious token for crypto traders who like to optimize yields on the Terra ecosystem.