This week, two well-known tokens, Liquity (LQTY) and Core (CORE), have lost 17% of their value as market conditions took a catastrophic turn. Investors, however, are not giving up. Instead, they plan to transition to VC Spectra (SPCT). VC Spectra (SPCT) rose more than 37.5% in July and raised more than $2.4 million in a private presale, making it an exciting investment choice for many.
Will Liquity (LQTY) and Core (CORE) catch up to VC Spectra (SCPT)? Let’s find out.
Liquity (LQTY) Crashed This Week: What’s Next?
Liquity (LQTY) recently became the reason for $25 million in liquidations as it dived deep into the reds this week. Starting at $1.22 on July 18, Liquity (LQTY) found high resistance crossing the $1.23 mark and quickly dropped to $1.07 by July 23, a 12.3% drop.
Analysts attribute Liquity’s (LQTY) drop to several large sell orders and increasing buyer pressure. As no outside market manipulation has been observed, Liquity (LQTY) seems to follow suit with its buyers.
Experts say $1.09 is a solid buying spot, potentially giving investors a 10-15% ROI by August. RSI is also bullish for Liquity (LQTY) in the long run. The market supports this point of view as the 24 hour trading volume surged by 41% on July 23 as soon as the token price went below $1.09, indicating many buy orders and market interest in Liquity (LQTY).
Overall, Liquity (LQTY) is locked in a bear trend, but the downtrend has stopped around $1.07. If the analyst predictions hold up, Liquity (LQTY) can rise above $1.20 in the coming weeks.
Core (CORE) Loosing Core Support: Is A New Low Incoming?
On July 17, the CORE token started with an initial value of $0.97. However, it encountered a tough challenge as it struggled to break through the $1 mark. Eventually, things took a turn for the worse, and by July 23, its price plummeted to $0.87, marking a significant drop of approximately 10.31%.
Market analysts are pointing fingers at the recent unification attempt of CORE with MathWallet and CORE DAO on July 21, suggesting that this move contributed to the sudden decline. Investors, understandably, grew wary due to this unexpected development.
Despite the recent setback, some experts remain optimistic, seeing a silver lining for CORE. They believe CORE has now reached a strong buying position, potentially offering investors a 7-10% ROI by August. However, the Relative Strength Index (RSI) is currently signaling a bearish outlook for CORE in the long term, which means it may drop to new lows in July.
VC Spectra (SPCT): A Star Project Shooting For The Moon
VC Spectra (SPCT) has emerged as a promising asset management blockchain, swiftly gaining attention in the financial landscape. VC Spectra (SPCT) is revolutionizing traditional investing models by offering secure and sustainable investment solutions.
Moreover, exclusive voting rights granted to VC Spectra (SPCT) investors enable them to maintain control over their assets and actively participate in blockchain decisions.
To amplify its potential, VC Spectra (SPCT) presents additional investment opportunities through its VC Spectra Fund. The VC Spectra (SPCT) platform conducts public and private presales, offering 1 billion BRC-20 native tokens, SPCT. The private presale has already achieved remarkable success, raising $2.4 million.
During Stage 2 of the presale, the VC Spectra (SPCT) token experienced a significant surge, reaching an enticing price of $0.011, resulting in a remarkable 37.5% ROI for early investors.
As the presale advances to Stage 3, the token price is expected to rise further, reaching $0.025, offering an impressive 127.27% increase in value. Ultimately, the platform aims to achieve its target of $0.08 per token, translating to an extraordinary 627.27% ROI compared to the initial Stage 2 price.
Buy some VC Spectra (SPCT) tokens and checkout its presale:
Buy Presale: https://invest.vcspectra.io/login