New Cryptocurrency Gains Momentum Among BNB and Ethereum Classic Supporters: Poised to Lead the Market?

By DigitalCoinPrice, Updated On November 03, 2023

Table of Content

In a surprising twist to the crypto investment landscape, VC Spectra (SPCT) is poised to revolutionize the game, beating top altcoins. Meanwhile, Ethereum Classic (ETC) and Binance Coin (BNB) are slowly recovering from their respective issues.

With a groundbreaking presale regarded as the best ICO by many, SPCT has captured the spotlight. ETC and BNB are now behind VC Spectra (SPCT) as it takes the crown among the top DeFi projects of 2023.

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Summary

BNB is taking hits as new developments for the SEC’s case against Binance surface.
Ethereum Classic (ETC) investors pull holdings after $88 million in liquidations.
VC Spectra (SPCT) reports a staggering 587.5% ROI for Stage 1 investors.

Ethereum Classic (ETC) Is Not Looking Good For September: Here’s Why!

The market bump on October 23 saw the entire holdings of Ethereum Classic (ETC) short positions plunge as $88 million was liquidated, and users started to pull their investments. Ethereum (ETH) alone lost more than $35 million by October 27.

Ethereum Classic price (ETC) has been following a stagnant price trend ever since ever since. Since October 27, Ethereum Classic (ETC) has traded around the $17 range.

As Ethereum Classic (ETC) was already stuck in a diminishing trend, the liquidations further added fuel to the fire. Consequently, Ethereum Classic price (ETC) dropped from its monthly high of $17.9 on November 1 to $16.8 on November 3, marking a 6.3% decline.

Experts report a significant loss of user interest in Ethereum Classic price (ETC) following the 54% drop in daily trading volume since October 27. Given these statistics, the Ethereum Classic price prediction suggests that ETC will go towards lower lows and drop below $15 in November.

Binance Coin (BNB): Troubles Double After A Case Development

Binance Coin (BNB) has faced a lot of issues this year. One of the most prominent developments for BNB was the SEC’s lawsuit against Binance and other cryptos in April 2023. This lawsuit directly resulted in a bearish trend for the BNB coin price.

However, on October 27, Binance generously put $1 billion in BNB to attract 1 billion new users to adopt cryptocurrencies. This event saw an immediate reaction from the BNB community.

As a result, the BNB coin price, which had been dropping since April, saw stability. The BNB coin price has risen from $220 on October 27 to $232 on November 3, marking a 5.45% rise.

According to expert BNB price prediction, BNB’s new support region is a green signal for future growth, and the altcoin can go as high as $300 by December.

VC Spectra (SPCT): The Best Crypto To Buy Now For Long Term

With its unique approach to blockchain investments and asset management, VC Spectra is not only making waves in the world of cryptocurrency but also setting new standards for top altcoins.

VC Spectra (SPCT) is a utility token that empowers users with access to promising blockchain projects, decentralized trading, and reduced transaction fees on the VC Spectra platform.

Built on the Bitcoin blockchain, SPCT operates on the BRC-20 standard and employs a deflationary mechanism to increase its value over time. This feature prospers longer-term growth for investors compared to other top DeFi projects in the same category.

VC Spectra (SPCT) is currently in Stage 4 of its presale, with each stage marked by remarkable growth in its token’s value. From its initial price of $0.008 in Stage 1, SPCT has surged by an astonishing 587.5% to reach $0.055 in Stage 4.

What’s even more exciting is that VC Spectra is likely to surpass its projected price of $0.080 by the end of the presale. Given its consistent upward trajectory and impressive performance to date, SPCT may outperform this projection, delivering even more substantial returns to its investors.