BNB has been losing a lot of holders as Binance battles SEC’s lawsuit against securities. While more and more people decide to leave BNB, Ripple (XRP) and VC Spectra (SPCT) are rising quickly as alternate investment solutions.
As BNB is dipping below, locked in a bearish trend, VC Spectra (SPCT) has successfully raised $2.4 million in its private seed sale. So, is it time for buyers to switch to XRP and SPCT?
BNB Losing Holders: Will It Rise Again From The Ashes?
After SEC’s lawsuit shook Binance’s native token BNB and accused it of being a security, BNB saw a substantial drop to $228 on June 29, 2023, from its higher highs of $348 on April 17. This came after BNB witnessed an increased number of sell positions since SEC’s lawsuit in May and June.
However, BNB started this week with lows of $231 on July 7. BNB rose by 11.25% to $257 on July 12. Could this be the end of BNB’s bearish sentiment?
It all depends on the $250 resistance level BNB is currently trying to break out from. Once the $250 resistance is overcome, expert analysts suggest BNB will look forward to significant gains in August.
BNB supports this view as RSI indicators and weekly charts indicate a growing bullish sentiment. Furthermore, two more events contributed to BNB’s rise: the Zebec Debit Card launch and Arkham’s Coin launch on Binance.
With Zebec Debit Card, BNB will be accepted at 7 million locations worldwide. Meanwhile, increased interest in BNB staking to gain Arkham coin rewards as it launched on Binance also positively impacted the token.
However, BNB still has to cover much ground to catch up with VC Spectra (SPCT) and Ripple (XRP).
Ripple (XRP) In Recovery Stage: Will The New Support Hold?
Ripple (XRP) is also caught up in SEC’s lawsuit against securities. Like BNB, Ripple (XRP) experienced a blow to its price, sending it down from its yearly high of $0.5438 on March 31 to lower lows of the current support levels around $0.4750.
Meanwhile, Ripple (XRP) could look better in the weekly charts. Opening at $0.4852 on July 5, 2023, Ripple (XRP) dropped by 4.5% to its weekly low of $0.4632 on July 7. Ripple (XRP) barely reached the support region of $0.4750 in July, despite $1 million in buy orders being fulfilled.
With a bearish RSI indicator, XRP does not have the support it needs to attempt a breakout. Experts suggest there could be a further drop in Ripple (XRP) prices if it closes this week below $0.4800. Therefore, investing in VC Specta (SPCT) might be the best course of action.
VC Spectra (SPCT): Redefining Asset Management and Generating Growth in 2023
On the other hand, VC Spectra (SPCT) is quickly gaining popularity as more and more people realize its potential. The VC Spectra (SPCT) blockchain offers safe investments in ICOs and startups to generate passive income and lucrative profits for its investors.
Venture capitalists and risk managers protect every VC Spectra (SPCT) blockchain investment. This ensures that assets are continually invested in properly researched projects to avoid financial loss.
Additionally, VC Spectra (SPCT) investors enjoy exclusive voting rights to protect their blockchain investments and ensure they are included in all proceedings. They can also invest in the VC Spectra Fund for additional rewards.
VC Spectra (SPCT) tokens can be purchased directly in the public presale. The private presale is also ongoing, which has raised over $2.4 million. Stage 1 of the public presale is 84% sold out and offered 125 million tokens at $0.008.
Stage 2 will raise this price by 37.5% to $0.011. Consecutive stages will also feature a price hike until the target launch price of $0.08, which marks a 900% surge in value and the commencement of trading on Major Exchanges.
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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