Token unlocks in crypto are typically bearish signs due to basic supply and demand. Analysts will keenly observe how Sui (SUI) and Hedera (HBAR) react as each project experiences these events.
Meanwhile, VC Spectra (SPCT) is engaging in its release of millions of tokens in a fast-moving presale. Investors keep flocking in droves for this new decentralized finance (DeFi) protocol set to shake up the asset management industry.
Learn why it’s among the top DeFi projects later as we cover the latest for Sui (SUI) and Hedera (HBAR).
Liquid Staking Pays Dividends For Sui (SUI)
Sui has gained an influx of users after recently adding liquid staking. Soon after, the project reached a milestone of 600,000 daily active accounts. The price followed suit, rising 38% from $0.45 to $0.62 amid a downturn in the crypto market.
Yet, Sui has erased these gains (now trading at $0.51), with the upcoming unlock likely driving the price further down. Sui will free a staggering 70.89 million tokens, nearly 10% of its circulating supply.
Still, the potential sell-offs may last about two weeks based on historical data. Sui holders could again look forward to bullish prices as forecasts indicate a minimum of $1 by 2024.
Now, let’s cover Hedera (HBAR) and what to expect during its token unlock.
US Federal Reserve Adds Hedera (HBAR) Based Application As A Service Provider
Hedera (HBAR) also crossed a significant milestone recently, reaching over 19 billion transactions since inception. It benefitted further when the Fed added Dropp, a payment platform using Hedera (HBAR), as a service provider for the new FedNow. This gave way to a 31% value rise from $0.052 to $0.069. But this has quickly evaporated, as Hedera (HBAR) finds itself at the former price.
Hedera will release a massive 1.5 billion ARB in its token unlock, representing 3.48% of its circulating supply. While better than Sui, Hedera (HBAR) is also expected to trend down further, considering the more bearish recent price action.
Still, forecasts show that Hedera (HBAR) can reach at least $0.10 before the year ends.
Now, let’s review VC Spectra (SPCT) and why it’s giving even the best altcoins a run for their money.
Simple, Decentralized Investing In Blossoming Industries With VC Spectra (SPCT)
Having identified the bullish potential of the ever-growing blockchain and tech industries, VC Spectra (SPCT) offers a state-of-the-art decentralized hedge fund for new ventures in these markets. VC Spectra (SPCT) will specialize in more than just asset management. It will also become a sophisticated trading platform using machine learning strategies to manage the risks of its portfolios while maintaining profitable gains.
Smart contracts allow anyone globally to enjoy an autonomous investing experience without third-party hassles.
Like Sui (SUI) and Hedera (HBAR), SPCT has a finite supply (of 1 billion). Moreover, it’s deflationary as a share of SPCT in VC Spectra‘s transaction fees will be removed. These attractive tokenomics (along with the platform’s value proposition) make SPCT the best new crypto to invest in. But not that’s all.
The Spectra token (SPCT) offers privileges to holders like quarterly dividends, voting rights, and access to exclusive discounted pre-ICOs. VC Spectra has entered Stage 3 of its presale with SPCT trading at a bargain of $0.025, set to increase by 32% to $0.033 in Stage 4.
Do 220% returns sound outrageous? This is how much SPCT will have risen after the presale (signaling VC Spectra’s official launch), resulting in a new price of $0.08.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
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