Following a recent Bitcoin crash that extended into the final days of August, BTC has entered a consolidation phase. Conversely, Solana has faced bearish pressure due to actions undertaken by FTX management, causing the SOL crypto price to hit a new low. Amid these developments, VC Spectra (SPCT) has garnered significant attention from blockchain investors, with a projected gain of 220%.
Let’s find out which of these is the best crypto to invest in now and why!
Bitcoin (BTC) Finds Itself In A Range
Despite the news that Grayscale’s petition for a Bitcoin ETF was met with favorable consideration, the Bitcoin (BTC) price has experienced a significant drop. The Bitcoin crash saw the price of BTC fall to the $25,800 level on September 1. Since then, Bitcoin (BTC) has remained below the $26,000 mark, slightly exceeding it on September 7.
As of September 11, Bitcoin (BTC) dropped to $25,134. Analysts have offered several BTC price predictions following the recent Bitcoin crash, with some foreseeing a revisit to previous BTC lows. Specifically, they expect Bitcoin (BTC) to drop to below $25,000 in the coming days.
Failure to hold this level could lead to a further decline to the $24,000 psychological zone. In a worst-case scenario, Bitcoin (BTC) might plunge to a range between $20,000 and $21,000. As a result, analysts believe the next few days will be challenging for the flagship crypto.
Solana Plummets as FTX Transfers SOL From Cold Wallets
The FTX board recently authorized the movements of Solana (SOL) tokens from cold wallets to new addresses. This transfer, which occurred on August 26, involved approximately 7 million Solana (SOL) tokens valued at $134 million.
Anatoly Yakenvenko, the founder of Solana, revealed that the SOL tokens will be distributed among the FTX users who fell victim to the exchange’s collapse in 2022. This move caused the SOL crypto price to drop to $20.28 on August 26, shedding 0.64%. The decline was fueled by concerns that FTX might be planning to dump its Solana (SOL) bag.
However, a recent update from Visa led to a surge in the SOL crypto price. On September 5, Visa revealed its plans to leverage the Solana chain to distribute its stablecoin. The SOL crypto price jumped from $19.57 to $20.60, marking a 5% surge.
Currently, Solana is trading at $17.82 after a 13.5% decrease from its recent high. Yet, the recent Solana news triggered positive price action and reaction from the Solana (SOL) community. As a result, experts anticipate further price increases for Solana (SOL) as soon as the market recovers.
VC Spectra (SPCT) Projects Massive Gains To Investors
VC Spectra (SPCT) is a decentralized hedge fund that offers the most rewarding blockchain investment opportunity. This emerging innovation has captured the crypto community’s attention with its impressive profit projections and advanced utilities.
VC Spectra (SPCT) adopters can enjoy quarterly dividends and buyback programs, among other benefits. VC Spectra (SPCT) also provides access to new ICOs and offers voting influence within the protocol.
Operating on the BRC-20 layer, SPCT is a Bitcoin-powered standard token with deflationary characteristics. This model ensures a reduced supply of SPCT tokens in the future.
VC Spectra (SPCT) serves various purposes, from decentralized trading to asset management and payment of transaction fees, making it stand out among the best cryptos in the market.
Currently in the third stage of its public presale, VC Spectra (SPCT) has a market value of $0.025. Investors can potentially gain 32% as VC Spectra (SPCT) reaches $0.033 in the fourth stage. In addition, when VC Spectra (SPCT) hits $0.080 by the end of its presale, investors could see a remarkable gain of 220% from the current price level.
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
