Ethereum (ETH) continues to attract significant interest from major stakeholders, who are actively accumulating more tokens. Alongside this, Stellar (XLM) has witnessed a substantial price surge, driven by positive market sentiment and increased adoption. Meanwhile, VC Spectra (SPCT), a decentralized hedge fund, has emerged as a prominent player in the altcoin market, capturing investor attention and fueling growth.
Despite Short-Term Bearish Outlook, Ethereum (ETH) Whales Keep Buying
Recent data from DeFillama reveals that the total number of Ethereum (ETH) locked on liquid staking derivatives (LSD) protocols has surpassed 10 million.
Notably, a smart whale made significant moves in the Ethereum market, transferring 25,000 ETH (worth over $47 million) to the Binance exchange. Subsequently, the whale withdrew 16 million USDT from the same exchange after selling a portion of their Ethereum (ETH) holdings. It is estimated that the whale still holds approximately 8,000 unsold Ethereum (ETH) on Binance, with a potential profit of $14.7 million.
The whale’s sell-off impacted the Ethereum (ETH) price, leading to a temporary decline of nearly 2%. However, Ethereum (ETH) has since recovered those losses and even experienced further growth, rising by 1.02% overall in the last 24h. At the time of writing, Ethereum is trading at $1,868.
Stellar (XLM) Surges to 70-Day High: Price Projections and Investors’ Sentiment
Stellar (XLM) has recently experienced a significant surge in price, reaching a 70-day high. This impressive performance can be attributed to a variety of factors, including the Stellar (XLM) collaboration with Coinbase.
During a period when the cryptocurrency market struggled to maintain momentum, Stellar (XLM) has steadily risen, showcasing its resilience and potential. Analysts believe that the adoption of USDC on Stellar (XLM) by Coinbase has been a key driver of this impressive performance.
Looking at the Stellar (XLM) recent price performance, it has exhibited strength and resilience. Despite a negative market period that began in March, Stellar (XLM) bottomed out around $0.075 in mid-June. However, the recent surge propelled the Stellar (XLM) price by up to 40%, positioning it as one of the best-performing cryptocurrencies.
At the time of writing, Stellar is priced at $0.102, showing a 1.44% increase in the past 24 hours. Over the last 7 days, the Stellar (XLM) has seen a remarkable surge of over 24%.
VC Spectra (SPCT) Drives Altcoin Growth with Innovative Investment Approach
VC Spectra (SPCT) is at the forefront of driving innovation through strategic investments and initial coin offerings (ICOs). With a focus on harnessing cutting-edge technologies, VC Spectra (SPCT) empowers financial growth by identifying high-potential opportunities and leveraging its expertise in the industry.
The investment team at VC Spectra (SPCT) follows a meticulous selection process to identify promising investment opportunities. Through extensive research and analysis, VC Spectra (SPCT) carefully evaluates projects and allocates capital based on its investment strategy.
Typically, VC Spectra (SPCT) focuses on early-stage companies, providing seed or series A funding to support their growth and scalability. By actively working with portfolio companies, VC Spectra (SPCT) aims to generate value and maximize returns for its investors.
With its public presale entering Stage 2, VC Spectra (SPCT) is set to experience a significant 37.5% growth in its token price to $0.011. Better yet, the anticipated price of the VC Spectra (SPCT) token by the end of public presale is $0.08, which translates to a 900% increase from the current price of $0.008.
Find out more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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