Can Solana Reach $100? Cardano (ADA) Founder Quashes Rumors, VC Spectra Sells at a Discount
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High volatility, market shocks from adverse regulatory measures, and new investments from institutional investors have adversely affected the crypto market. Solana (SOL) investors wonder if the coin will hit the $100 mark by the end of the year, while Cardano (ADA) has witnessed increased user adoption due to its smart contract capabilities.
On the other hand, VC Spectra (SPCT) is revolutionizing the crypto market, attracting positive investor sentiment as experts project a 10x surge in its value.
Solana (SOL) Bears Seem to Be Taking Over
As volatility and market correction shakes up the crypto space, Solana (SOL) hasn’t been so lucky. In the last 24 hours, the price of Solana (SOL) fell by 2.33% to $16.81, with investors remaining skeptical about Solana’s (SOL) utility.
Solana (SOL) faces a major obstacle in its quest to reach the $100 mark, as it has been delisted by prominent exchanges. The sudden movement can be linked to an ongoing lawsuit, where the SEC classified Solana (SOL) as an unregistered security. Undoubtedly, this will curtail accessibility and demand, ultimately impacting its price negatively.
Moreover, Solana’s (SOL) security came under scrutiny following a series of targeted hacking incidents aimed at blockchain projects hosted on its network. These events dealt a severe blow to Solana’s (SOL) market value, leading to a rapid price decline.
So, experts indicate that Solana (SOL) can witness a bearish sentiment, plunging to $12.14 by December 2023.
Cardano’s (ADA) Founder Corrects Misconceptions about His Professional Background
Cardano (ADA) founder Charles Hoskinson addressed circulating rumors about his alleged internship at Ripple, clarifying through a tweet that he is often mistaken for Ethereum’s (ETH) founder Vitalik Buterin. Notably, Buterin had mentioned applying for an internship at Ripple but was disqualified due to visa-related issues.
In a significant setback for Cardano (ADA), Huobi, a major cryptocurrency exchange, has made the decision to remove its trading pair from the platform. This development occurs amidst an ongoing investigation by the SEC, focusing on the underlying characteristics of the Cardano (ADA) platform. Unsurprisingly, Cardano (ADA) has plummeted by 2.28% to $0.2874 in the last 24 hours.
Fortunately, experts indicate a possible resurgence for Cardano (ADA). The release of the new Cardano node version 8.1.1 has delivered impressive enhancements, receiving acclaim from multiple Stake Pool Operators (SPOs). Notably, BCSH pools have experienced no missed slot leader checks in the current epoch.
So, Cardano (ADA) is projected to hit the $1 mark by the end of 2023.
VC Spectra (SPCT) Sells at a Discount in Presale
VC Spectra (SPCT) is the go-to decentralized hedge fund, spearheading blockchain innovation by leveraging advanced technology. In addition to buybacks and quarterly dividends linked to investment earnings, VC Spectra (SPCT) grants users voting rights and exclusive entry to diversified portfolios, pre-ICOs, and early-stage blockchain ventures.
Wondering why you should opt for VC Spectra (SPCT)? Well, VC Spectra (SPCT) harnesses the power of AI technology and utilizes algorithmic and systematic trading strategies to optimize profits while mitigating risks.
The platform employs advanced qualitative models, empowering investors to make well-informed investment decisions. Additionally, VC Spectra (SPCT) strategically allocates 40% of its investment portfolio allocated to projects, and an additional 40% is directed towards profitable cryptocurrencies and ICO investments.
Furthermore, VC Spectra (SPCT) native token (SPCT) adheres to the BRC-20 standard, offering versatile functionality in asset management, seamless exchange, and decentralized trading. By leveraging the Bitcoin blockchain, SPCT implements a deflationary model with a burn mechanism that progressively reduces token supply, leading to heightened scarcity and increased value.
VC Spectra (SPCT) is currently selling at a discount in its first pre-sale phase, with a target of raising 125 million SPCT tokens. With SPCT currently trading at $0.008, a projected 10x surge to $0.08 adds to VC Spectra’s (SPCT) appeal.
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