Zcash (ZEC) and VeChain (VET) are losing support as investors pull funds. With lower lows appearing on trading charts, traders look for a new coin to invest in and book profits. We have researched on your behalf and found a new coin where you can invest with your eyes closed: VC Spectra (SPCT). Interested? Read on to learn more.
Zcash (ZEC) is Diving Deep and Not Taking A Breather
Zcash (ZEC) has dropped by 15.65% from its weekly high of $34.49 on 2nd July to its low of $29.09 on 8th July. Following this bearish turn, Zcash (ZEC) is looking at establishing a new yearly low since July 2022.
With so much money moving out of the Zcash (ZEC), only $47 million remain in circulation. This indicates a loss of interest in Zcash (ZEC), and as a result, the market has declined substantially.
Zcash (ZEC) has lost all support regions above $21 and has declined since its last surge to $69 in May 2022. While there is no apparent reason for such a considerable loss of market interest, we can attribute part of it to the decreasing “mining rewards” for Zcash (ZEC) miners.
Like Bitcoin (BTC), Zcash (ZEC) also has decreasing supply and reduces the amount of Zcash (ZEC) rewarded to miners over time. This may have resulted in less Zcash (ZEC) being mined.
Ultimately, Zcash (ZEC) is locked in a strong bearish trend that does not appear to break its momentum. Zcash (ZEC) is reaching its lowest lows with little to no large transactions.
VeChain (VET) Losing Bigtime: Time To Get Out?
Meanwhile, VeChain (VET) is also dipping down since its partnership with UFC in June 2022 as their layer one blockchain. After a small surge to the old resistance region of $0.031 in February 2023, the market dealt VeChain (VET) major blows and sent it downwards for six months.
On 8th July, VeChain (VET) was down by 42% from its yearly high of $0.031 to its current price of $0.018. Market cap and 24-hour volume for VeChain (VET) are also decreasing daily, showing signs of market distrust, and large sell orders are starting to appear.
A significant sell order of $12 million, about 480 million VeChain (VET), was filled on 30th June, contributing to a sudden drop in VeChain’s (VET) value on the same day.
Furthering, VeChain (VET) is not looking bullish anytime soon. Failing to recover from its bearish trend may take some time before VeChain (VET) can build enough momentum to break it. However, investors have already started turning towards a new profitable project.
Where To Invest Now? Check Out VC Spectra (SPCT)
If you are worried about your VeChain (VET) or Zcash (ZEC) investments, VC Spectra (SPCT) can be a great alternative. VC Spectra (SPCT) is a new blockchain in the asset management industry, quickly moving toward a global launch.
VC Spectra (SPCT) provides investors with valuable investment opportunities and risk-free ICOs to help them safely invest and utilize their assets. With help from venture capitalists and professional risk managers, VC Spectra (SPCT) is, quite literally, your asset’s best friend.
In the presale stage, VC Spectra (SPCT) has raised over $2.4 million in private presale events, whereas the public presale is offered in stages. Stage 1 of the public presale had 125 million VC Spectra (SPCT) tokens and is currently ongoing, with over 70% of its tickets sold.
While Stage 1 offered VC Spectra (SPCT) tokens at $0.008, Stage 2 will raise this price by 37.5% to $0.011 for a single VC Spectra (SPCT) token. Eventually, the target launch price of $0.08 will be achieved by this method, and VC Spectra (SPCT) will see a 900% surge. Additionally, VC Spectra (SPCT) tokens allow investors to use the VC Spectra fund and gain additional rewards.
If you are interested in VC Spectra (SPCT), visit the links below and buy the presale.
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund