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While many cryptocurrencies face challenges in keeping up with the market, projects like Solana (SOL) and VC Spectra (SPCT) are quickly gaining momentum.
For instance, because of SEC’s lawsuit, BNB is in a difficult spot.
On the other hand, Solana (SOL) is surging daily as buyers are pouring in. Meanwhile, VC Spectra (SPCT) dominates the market by raising more than $2.4 million in private presale.
Where will the trend go from here? Let’s have a look.
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Solana (SOL) Is Surging: Why and What’s Next?
Solana (SOL) is going up fast with a strong bullish sentiment because its investors are experiencing FOMO (fear of missing out).
Most investors compare the situation to Ethereum (ETH) going up in the past and believe that Solana (SOL) will follow suit soon.
The result? Solana (SOL) is pumping hard, rising to its weekly high on July 11, 2023, as a $1 billion cash inflow is recorded.
Solana (SOL) started as a support-dependant coin, barely meeting its investors’ expectations this week.
However, as we approach the week’s end, Solana (SOL) rose by 18.88% from $18.59 at its weekly low to $22.10 on July 11.
So, it is only a matter of time before the whales kick in. Therefore, expert analysts say that Solana (SOL) will move steadily to break out of the $25 resistance zone in its higher highs.
2023 Meant Nothing But Trouble For BNB
Meanwhile, BNB is bedridden. Starting in 2023 as the world’s third-largest cryptocurrency, BNB dropped from its yearly high of $348 on April 17, 2023, to below $245 in June 2023.
Loosing more than 30% of its value, BNB is facing challenges to resurface.
Most of this loss is credited to the SEC’s lawsuit against Binance and other cryptos.
BNB was listed as a security in the case, which, if proven, can result in a ban. This resulted in a severe market loss for BNB.
Looking at the weekly charts, there is an increasing bearish sentiment from July 4 to July 10. BNB dropped by 5.3% from $245 to $232 during this time.
However, a significant breakout happened on July 10, sending BNB above its resistance zone of $237.
By July 11, BNB rose 6.4% from its lower low of $232 to a new weekly high of $247. Even though a breakout happened, the market remains bearish until BNB exceeds the old $260 resistance.
So, until the verdict comes through, nothing is permanent for BNB.
VC Spectra (SPCT) Dominating The Market: 37.5% Rise Around the Corner
VC Spectra (SPCT) is gathering support all over the world with its revolutionary asset management blockchain.
Using leveraged AI, VC Spectra (SPCT) generates sustainable income and safe investment solutions.
Stepping up from the traditional investment models, VC Spectra (SPCT) offers strategic investments in ICOs and startups before releasing them to the general public.
To protect user assets, VC Spectra (SPCT) has employed venture capitalists and experienced risk management teams.
VC spectra (SPCT) investors can also invest in VC Spectra Fund for additional profits.
VC Spectra (SPCT) has already raised $2.4 million in private presale. Currently, VC Spectra (SPCT) native BRC-20 tokens are being offered in the public presale.
Stage 1 had 125 million SPCT tokens for $0.008 in the public presale. Stage 2 will raise this price to $0.011, a 37.5% surge.
The target launch price is $0.08 for launch at major exchanges, a 900% surge in value. For this, each stage in the public presale will gradually increase the price.
Learn more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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