With more than half of July gone, investors are checking their portfolios again to ensure the losers are weeded out, and the big gainers are sustained. For this reason, Terra Classic (LUNC), VC Spectra (SPCT), and Algorand (ALGO) have gained a lot of attention in the past few days – each for their performance. Interestingly, no token’s performance has stunned investors like VC Spectra (SPCT). Let’s delve into the details and explain the ‘why.’
Terra Classic (LUNC) Rallies Impressively after Binance’s Revelation
Terra Classic (LUNC) has been having a rough time in the crypto market in the past few weeks. However, its price has risen a bit and consolidated at $0.00009. Interestingly, Terra Classic (LUNC) has been up in the past seven days, especially since July 15, when it started a sustained rally that took it to its current price.
Terra Classic’s (LUNC) rally in the past few days was down to Binance’s disclosure that it still held 15.4 million LUNC tokens – an announcement that reinvigorated interest in the Terra stablecoin ecosystem. Terra Classic (LUNC) is trading at $0.00009 at the time of this writing. Some investors expect Terra Classic (LUNC) to rise by another 81% before closing at $0.000117.
Others predict a possible 40% decline which will take Terra Classic’s (LUNC) price to $0.000054. The bearish prediction is down to the general performance of Terra Classic (LUNC) in 2023, which has been very slow. Bearish investors expect Terra Classic (LUNC) to drop after the excitement around Binance’s announcement wears off.
VC Spectra’s (SPCT) Decentralized Hedge Fund To Cater To Beginners and Experts
VC Spectra (SPCT) is a decentralized hedge fund specializing in finding quality investment opportunities. The platform invests in new and upcoming blockchain-based projects from various sectors of the crypto industry.
The investment opportunities offered by VC Spectra (SPCT) include blockchain startups with quality service delivery and high-profit potential. Investors can also get access to other blockchain-based hedge funds.
VC Spectra (SPCT) also offers a comprehensive marketplace that allows investors to easily track their investment portfolio. Users get several benefits when investing with VC Spectra (SPCT), including access to private ICOs and seed funding rounds. They also enjoy returns in the form of quarterly dividends and buybacks.
To become part of VC Spectra (SPCT), investors need to purchase the SPCT token, which currently costs $0.008. By the time VC Spectra (SPCT) moves to Stage 2 of its public presale, the price will go up by 37.5%, reaching $0.011.
Algorand’s (ALGO) Drop Continues In July Despite Excitement around Latest Upgrade
Despite launching a recent network upgrade, Algorand’s (ALGO) price has continued to drop significantly. Algorand (ALGO) had started the year with a strong performance, but it has slowly and gradually dropped to one of its worst lows in 2023.
In early May, Algorand (ALGO) was trading at $0.177. By mid-June, Algorand (ALGO) had dropped nearly 34% to reach $0.112. Some investors thought Algorand (ALGO) would see a big price boost after it announced new upgrades in late June. Unfortunately, Algorand’s (ALGO) performance stunned investors.
Since early July, Algorand (ALGO) has struggled to maintain the $0.11 mark. Many analysts are confident that Algorand’s (ALGO) bearish activity will pick up and continue till the end of the year. These investors predict that Algorand (ALGO) could also see a further 46% drop which will take its price down to $0.06.
However, bullish investors are confident that Algorand (ALGO) will pull off a slight 36% recovery that will take it to $0.15 before the year runs out. These predictions are based on expectations that an increase in overall trading activity will boost Algorand’s (ALGO) price.
Learn more about the VC Spectra (SPCT) presale:
Buy Presale: https://invest.vcspectra.io/login
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.