Solana’s (SOL) recent price volatility has resulted in a decline in investor interest in the ecosystem’s progress. In addition to the price decline, Solana (SOL) went through delisting from multiple platforms due to the SEC legal case. Will it recover and regain its former glory?
As the wait for Solana to recover continues, VC Spectra (SPCT) is an alternative with all the necessary components to become the top pick in the crypto market. It successfully raised $2.4 million in just two weeks during its private seed sale, significantly impacting the market. Experts believe Solana cannot compete with VC Spectra’s (SPCT) market growth. Why? Let’s find out!
Solana Struggles To Break the $25 Mark As Investors Look For Alternatives
Solana’s (SOL) price fell below $25 on July 25, 2023, due to the anticipated aggressive stance of the Fed decision. After the Federal Reserve confirmed a 25-basis point rate hike on July 26, the altcoin regained its previous level. As of July 28, 2023, Solana is trading at $25.19, indicating a 0.14% decrease in the past 24 hours.
The slow but steady Solana (SOL) rise began a few months ago. On June 5, 2023, the SEC classified Solana (SOL) as an unregistered security in a major crypto exchange lawsuit. The action in June caused a bear run for Solana (SOL).
In addition to the bear run, Solana’s (SOL) price declined further due to investors selling their SOL holdings. Following the lawsuit, Robinhood declared it would stop supporting Solana (SOL) as of June 27. Robinhood currently holds approximately $170 million worth of Solana tokens.
On July 14, 2023, tides shifted for Solana, with SOL rising 48.09% to a high of $32.40 on news of Ripple’s partial victory against the SEC spread. Additionally, Solana (SOL) experienced 26.66 million transactions within 24 hours, contributing to a positive outlook among holders.
Analysts believe that Solana’s (SOL) price could reach $34.20. However, bearish pundits expect the price to go as low as $22.18 by the end of 2023.
VC Spectra (SPCT) Value Increasing Without Any Signs of Slowing Down
VC Spectra (SPCT) is a decentralized hedge fund that promotes blockchain development through strategic investments, revolutionizing the asset management industry.
Moreover, VC Spectra (SPCT) gives its holders access to ICOs for investment opportunities before they experience significant growth. A team of venture capitalists and risk managers safeguards these investments.
VC Spectra (SPCT) grants voting rights to users, ensuring stakeholder involvement and authority. Furthermore, the platform streamlines trading by utilizing smart contracts instead of intermediaries, reducing transaction costs.
VC Spectra (SPCT) raised over $2.4 million through successful private presale events. VC Spectra (SPCT) is conducting public presales in stages, gradually increasing prices to achieve a 10x surge upon its launch on public platforms.
During Stage 2 of the public presale, VC Spectra (SPCT) is trading at $0.011, an increase from the price of $0.008 in Stage 1. VC Spectra achieved a 37.5% ROI as it commenced Stage 2, on July 19, 2023.
In Stage 3, the projected VC Spectra (SPCT) price is $0.025, reflecting a 127.27% increase from its previous value of $0.011. Investors in Stage 2 can anticipate a potential 627% ROI and a 25% bonus on their deposit.
Learn more about the VC Spectra presale here:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.