Investors Divert Attention from BNB and Ethereum Classic (ETC) to a Novel Cryptocurrency Eyeing High Yields
January 14th, 2024 at 11:05 am UTC · 3 mins read
/VC Spectra/ – As the US Department of Justice continues to impose scrutiny against Binance, cryptos like BNB and Ethereum Classic (ETC) struggle to stay afloat. Recently, a new name entered the list of the best crypto to invest in: VC Spectra (SPCT), offering security through innovations.
Let’s inspect why investors keep a close eye on the VC Spectra (SPCT) public presale while BNB and Ethereum Classic (ETC) face turmoil.
Summary
- Binance, under added pressure from the DOJ
- Ethereum Classic (ETC) caught in slow recovery
- VC Spectra (SPCT) grows steadily in its private presale
Binance’s Legal Struggles Put the BNB Coin Price on a Slippery Slope
In late November 2023, the US Department of Justice harshly stopped Binance’s operating policies. The crypto chain was forced to comply and pay $4.32 billion as penalties, which quickly affected the BNB coin price.
BNB suffered a bearish run following the legal development, dropping a staggering 10.7% on November 21, 2023, from $253.64 to $226.43. Yet, due to Binance’s trading volume and a rally in certain altcoins, it has recovered 36% to $308.
Still, analysts hint that the increased regulatory scrutiny over Binance can negatively affect BNB in the coming months. Given how part of the settlement reveals past transactions hosted on the chain, experts predict further setbacks soon. Likewise, BNB is projected to stagnate over that period, with optimists forecasting a climb to at least $350 by 2024.
Is Ethereum Classic a Good Investment for 2024?
On December 14, 2023, the Federal Reserve announced it would keep interest rates steady, possibly scheduling several rate cuts during 2024. While the news doesn’t translate to new worries for BNB and Ethereum Classic (ETC) proponents, the past week established a downward trend within the market.
Analysts foresaw a market slowdown as a contingency for a possible rate hike, especially after the busy early December 2023. After hitting a low for that month of $18.18, the Ethereum Classic price is up 59%, trading at $29.
Yet, some indications for 2024 project slow developments for Ethereum Classic (ETC). While bulls target the $35 mark for February 2024, experts’ predictions for the next ten days show a possible maximum no higher than $50.
VC Spectra (SPCT) Surges Remarkably During its Public Presale
As BNB and Ethereum Classic (ETC) fall back on a stagnation path, VC Spectra (SPCT) registers constant growth. VC Spectra (SPCT) is at Stage 5 of its presale, which brought another surge of 16,6%, resulting in the current $0.08 price. That marks a total of 862.5% price increase compared to the initial $0.008, making VC Spectra (SPCT) an exciting new altcoin to watch.
VC Spectra (SPCT) is a decentralized asset management protocol designed as an answer to recurring industry pitfalls. While high volatility continues to be an aspect of most altcoins, VC Spectra (SPCT) introduces effective novelists like a built-in deflationary mechanic and algorithmic trading strategies.
Given the platform’s focus on transparency and community-building, investors have immediate gains from becoming VC Spectra (SPCT) stakeholders. Each token gives investors rights to quarterly dividends, alongside the platform’s buy-back policy. Holders also gain a chance to earn extra tokens just by keeping a higher number of SPCT for a given period.
The VC Spectra (SPCT) roadmap includes web expansions, ICO-hotlist creation, a VIP tier list, etc. Regarding the token’s future pricing, crypto analysts project VC Spectra (SPCT) to exceed the target of $0.080 as it nears the end of its public presale.
To learn more about VC Spectra (SPCT), visit: Website, Telegram, Twitter.
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