While 2023 was a so-so year for crypto, experts anticipate bullishness for 2024. Some say the new VC Spectra (SPCT) may prove to be the best coin to invest in compared to BNB (BNB) and Aave (AAVE). With only a few months of 2023 remaining before its presale concludes, now is the perfect chance to get involved in time for 2024.
Let’s test this claim and study the prospects of VC Spectra before considering the latest for BNB and Aave.
Summary
- VC Spectra introduces a decentralized asset management platform for blockchain and tech startups; its utility token will be valued at $0.080, likely by 2024.
- Binance ‘burns’ 2.13 million BNB tokens; BNB could trade at a minimum high of $300 for 2024.
- A spike in derivatives trading further boosts Aave; AAVE may peak to at least $150 in 2024.
VC Spectra (SPCT) Capitalizes On Thriving Blockchain and Tech Adoption
Regardless of the year, blockchain and tech adoption will continue to thrive. Interestingly, VC Spectra (SPCT) offers a decentralized hedge fund for promising startups in these industries to capitalize on this lucrative potential. Simultaneously, users will be immersed in a seamless and trustless investing platform thanks to smart contracts.
This innovation removes intermediaries on VC Spectra (SPCT) by automating functions like storing funds and allocating profits. Key benefits of such a system include users having control over their assets and decentralized governance.
VC Spectra (SPCT) aims to fund a wide range of new projects curated through meticulous due diligence. Moreover, it will manage risks and maximize gains through several advanced trading strategies and machine learning algorithms.
One of VC Spectra’s goals is to provide quarterly dividends to users, which will happen with the utility token SPCT. Other benefits of owning SPCT include voting rights in governance proposals and access to exclusive discounted pre-ICOs.
You can buy SPCT in Stage 4 of VC Spectra’s presale for $0.055, set to jump by 45% to $0.080 in Stage 6, the last phase. This may occur by the start of 2024 or sooner, judging by the increasing rate of token purchases.
Let’s now cover the trending developments for BNB and BNB price prediction forecasts.
Binance Burns $450 Million Worth Of BNB
The BNB coin price is up almost 15% from its yearly low of $202 to $232. Binance recently conducted the 25th BNB auto-burn, where the exchange ‘burned’ or removed 2.13 million tokens worth about $450 million. Burning tokens is a value-appreciating strategy for many top altcoins, especially inflationary ones like BNB.
This move was necessary for the BNB coin price, given the ongoing legal problems with Binance. The exchange has burned 50.29 million BNB in total, with the next event scheduled sometime before the end of the year.
Most BNB coin price forecasts suggest a conservative minimum of $250 for the start of 2024, with a minimum peak of $300 for the end.
Finally, let’s study Aave and Aave price prediction estimates.
AAVE Derivatives Volume Rises Over 100% In Two Days
The value of the Aave crypto project has been on a surge in the past few months, up 66% since August 16, 2023, from $50.40 to $83.60. The massive lending activity is the first catalyst that has made Aave among the best-performing top DeFi projects.
Data from IntoTheBlock indicated that the value of loans exceeded $100 million in early September 2023, a record high for the Aave crypto protocol. IntoTheBlock’s volume indicator also notes exchange inflows of $21 million against outflows of $15 million, suggesting less selling pressure.
Finally, data from Coinglass evidences the recent surge as a rise in trading volume for derivatives. This was an increase of 100% between October 21 and October 22, 2023, further fueled by a favorable long/short ratio. Short positions faced liquidations worth nearly $770,000, much lower than those for long positions at almost $60,000.
Aave crypto estimates suggest that the price could be at least $100 by the start of 2024, potentially reaching a minimum of $150 by the end.
Learn more about the VC Spectra presale here:
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-for sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
