Binance removes 39 liquidity pools: impact on ADA, AVAX, and SPCT

Binance recently removed 39 liquidity pools in response to multiple lawsuits and regulatory challenges causing market turbulence.

The delisting was expected to harm some top altcoins. However, it ended up supporting Cardano (ADA), Avalanche (AVAX), and VC Spectra (SPCT) prices.

Cardano rallying despite Binance’s action

To illustrate, ADA rose 7% from $0.26 to $0.28 as trading volumes spiked to $323.046 million from $182.69 million between Aug. 28 and Aug. 29. 

The news did not trigger any panic among ADA holders.

As of Aug. 30, ADA prices had retraced to $0.26, but experts expect more gains by mid-September.

Avalanche is firm

AVAX is also one of the tokens affected by Binance liquidity removal. Like ADA, AVAX is firm, and Avalanche’s performance seems enhanced.

Between Aug. 28 and Aug. 29, AVAX added 8%, from $9.99 to $10.86, while trading volume rose from $105.14 million to $182.88 million. These metrics show increased trading activity without significant selling pressure.

Analysts are bullish and expect AVAX to trade above $10 in September. 

VC Spectra unaffected by bears

Like ADA and AVAX, SPCT is solid despite the current volatility in crypto. 

VC Spectra is a decentralized asset management system that aims to be a top decentralized finance (defi) project.

As a decentralized hedge fund, VC Spectra invests in high-potential blockchain and fintech projects. 

The platform reallocates profits to its investors and users through buybacks and quarterly dividends. SPCT holders also have priority access to new startups seeking to raise funds.

VC Spectra is in stage 3 of its public presale, where SPCT is available for $0.025. Early investors who bought at $0.008 in stage 1 are up 212.5% at this level. Meanwhile, those who took part in stage 2, purchasing the token at $0.011, are up 127.27%.

In stage 4, SPCT prices will rise to $0.033, a 32% increase from the current stage. 

VC Spectra’s presale performance is attracting the attention of investors and market analysts.

To learn more about VC Spectra (SPCT) and its presale, visit:

Buy presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io   

Telegram: https://t.me/VCSpectra  

Twitter: https://twitter.com/spectravcfund