Despite some short-term ups and downs, the Sui crypto project has performed quite well in usage this year. Yet, after the latest token unlock, investors have slowly shifted towards the new kid on the block, VC Spectra (SPCT). This phenomenal decentralized finance (DeFi) service has grown leaps and bounds, from raising $2.4 million in a private sale to selling close to 300 million tokens in its public presale.
Discover more about VC Spectra (SPCT) after we’ve uncovered the recent happenings with Sui.
Sui (SUI) In Bearish Territory Following 35.6 Million Token Unlock
Sui is down 32% since August 24, 2023, from $0.62 to $0.52. Investors may have begun selling ahead of the token unlock, which finally occurred on September 03, 2023. Here, Sui released a massive 35.6 million tokens worth about $18.7 million. These events are often bearish, particularly if the supply far outweighs the demand.
In this case, Sui unlocked nearly 10% of its circulating supply. Moreover, Sui will unfreeze another mass amount of tokens later in the month, which could see the price trend lower. While Sui’s demand has declined over the past few weeks, the project shows 6-month uptrends in fundamentals like active addresses and transactions.
Despite the temporary sell-offs, this project remains amid the altcoins to watch, with 2024 Sui crypto price estimates indicating at least $1.
VC Spectra (SPCT) is another name deserving a mention in the discussion of top altcoins. Let’s find out why.
Early Adopters In VC Spectra (SPCT) Look Forward To 220% Gains
The potency of DeFi has made it accessible for anyone to invest in promising projects regardless of their wealth, experience, or origin. Coupled with the expansive adoption of blockchain and technology, one has a recipe for success. VC Spectra (SPCT) is an innovative decentralized hedge fund and trading platform for new companies in the mentioned markets.
It is built atop Ethereum (ETH), leveraging the security and cryptography of arguably the most powerful distributed ledger. A key element of VC Spectra (SPCT) is smart contracts that make the platform trustless, meaning it functions without third-party oversight. So, everything from the profit allocation to the storage of funds happens automatically, resulting in a seamless investing platform.
Each project funded by VC Spectra (SPCT) will be guided by an adept team with the proper due diligence to choose those with the best chances of success. What’s more, the platform plans to manage any risks by applying a wide range of advanced trading strategies, some of which use machine learning. Thus, it’s evident that all users need to do is simply relax and invest while VC Spectra (SPCT) grows its investment over time.
Here, you need the Spectra token (SPCT), the protocol’s deflationary utility token that offers:
- Voting rights, where the community governs the platform’s developments.
- Exclusive access to discounted ICOs before they are public knowledge
- Dividends through buybacks
Get involved now while SPCT trades for $0.025 in Stage 3 of the presale, which will rise 32% to $0.033 in Stage 4. VC Spectra (SPCT) is set to pay the first dividends once the presale is complete. This will also be when the token is worth $0.08, meaning a 220% ROI for early adopters.
Thus, VC Spectra (SPCT) should offer enough motivation as the best crypto investment for your money.
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.
