Solana (SOL) has had a very eventful 2023, which was a shock, especially after the FTX collapse. Despite its incredible resilience, investors wonder if it will continue with the same bullish trajectory in 2024. Meanwhile, experts speculate SOL could face market risks and corrections, so they suggest investing in VC Spectra (SPCT) instead for uninterrupted growth in 2024. Let’s find out why SPCT is the best cryptocurrency investment.
- Solana’s (SOL) price declines after an upward trajectory, creating concerns about its worth as a good investment.
- VC Spectra (SPCT) surges to realize a 725% increase, with more gains expected in 2024.
Solana’s (SOL) Price Declines Raising Questions About Its Trajectory Into 2024
Between November 2 and 12, 2022, FTX crumbled, and among its culprits was Solana (SOL), one of the top ten cryptocurrencies owned by FTX and its subsidiaries. The SOL crypto price fell by 67.5% following the collapse from $38.55 to $12.51 between November 5 and 9, 2022.
Fast forward to Q4 of 2023, Solana (SOL) regained most of its lost glory to start the month trading at $24.40 and eventually rallying to $30.14 on October 20. Solana’s (SOL) price surge coincided with Bitcoin’s rally to the $30,000 threshold on the same day. The SOL crypto price maintained an upward price trajectory, and on November 1, it hit $46.25 before increasing by 27% to a new yearly high of $ 63.42 on November 11.
Despite experiencing a significant increase, the SOL crypto price declined by 17% from its annual peak to trade at $52.46 as of November 14. The decline, likely due to FTX asset selloffs, has raised concerns among investors regarding the possible implications for a fading bullish momentum in 2024.
Is it safe to invest in Solana (SOL) now? Bullish analysts suggest it is, as they have a positive Solana price prediction for 2024. They predict Solana (SOL) will reach $100 after the Bitcoin ETF approval. However, bearish analysts predict that the SOL crypto price could go down to as low as $26 in the first quarter of 2024 due to continued FTX pressure and market volatility.
While it remains to be seen whether Solana’s (SOL) price decline signifies a long-term trend or a brief price shift, VC Spectra (SPCT) celebrates another milestone by surging higher. Here’s more!
Experts Predict High Returns From VC Spectra (SPCT) In 2024 After It Gets Listed On Exchanges
With all that going on with Solana (SOL), investors are turning to the new decentralized hedge fund, VC Spectra (SPCT), to diversify their investment portfolios. Moreover, experts anticipate VC Spectra (SPCT) will keep gaining in 2024, shadowing Solana’s performance.
With the rising demand for its token, VC Spectra (SPCT) has become one of the fastest-growing new DeFi projects with real-life utility. Its commitment to investing only in the most lucrative blockchain and fintech startups ensures investors get the most out of their investments. Furthermore, the platform provides maximum profits by leveraging the most advanced AI-fueled trading strategies alongside a team of highly skilled venture capitalists.
VC Spectra’s native token, SPCT, is a BRC-20 standard token built on the Bitcoin blockchain. It is deflationary with a burn mechanism that regulates token supply. Furthermore, SPCT token holders get many benefits, which include asset management, voting rights, quarterly dividends and buybacks, and unlimited access to new ICOs.
After raising $2.4 million in its private/seed sale, VC Spectra (SPCT) embarked on its highly gainful public presale. Its Stage 1 token price was $0.008, but it has since surged to $0.066 in Stage 4, reflecting a 725% increase. Moreover, the blockchain ICO has an anticipated end-of-public presale price of $0.080, which experts believe it will attain before the end of 2023 or in Q1 of 2024.
2024 is also expected to be the year SPCT gets registered in exchanges, realizing more gains for its investors. From the high demand and performance experienced since its debut, VC Spectra (SPCT) is, without a doubt, the best crypto to invest in now compared to Solana (SOL).
Learn more about the VC Spectra (SPCT) presale here: