BNB and THORChain uptrend remains, investors focus on new token

Updated May 27, 2024 at 12:20 pm

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BNB and THORChain uptrend remains, investors focus on new token

Press Release

The SEC’s delay in approving Bitcoin spot ETFs is forcing the market lower. Even so, some altcoins, including Binance Coin (BNB) and THORChain (RUNE), are trending higher.

Meanwhile, another crypto, VC Spectra (SPCT) that aims to reshape decentralized finance (defi) is on focus and is being considered as an investment option.

BNB uptrend remains

In November 2023, BNB rallied from $229, adding 10% to reach $255 on Nov. 7.

On Nov. 8, BNB fell 3% to $247 before rising again to $255 on Nov. 9.

The launch of the web3 wallet at the Binance Blockchain Week conference in Istanbul on Nov. 8 catalyzed this surge.

Even so, BNB prices ranged between $239 and $258 from Nov. 10 to 19.

On Nov. 21, BNB soared to $270, rising 15% from early November.

Some analysts expect BNB to reach $300 by the end of 2023 if a Bitcoin ETF is approved.

Meanwhile, others forecast BNB to contract, dropping to $228.

THORChain falls

THORChain is a cross-chain decentralized exchange. Its daily trading volume is the second highest among competitors.

RUNE prices rose 57% from $2.88 on Nov. 1 to $6.64 on Nov. 16. Still, it declined due to bearish market conditions on Nov. 17. On Nov. 21, the price decreased to $5.36 due to substantial selling pressure.

Analysts expect RUNE to surpass $7 by the end of 2023, partly driven by institutional adoption.

Conversely, if bears take over, RUNE may fall below $5.

VC Spectra outperforming

Investors are exploring VC Spectra, looking at its approach and real-life utility.

The decentralized hedge fund uses AI-powered trading strategies and has a specialized venture capitalists team.

They also have the opportunity to vote on upcoming investment projects, receive periodic dividends and buybacks, and access discounted ICOs.

VC Spectra raised $2.4 million during its private/seed sale and is currently in stage 5 of its presale, where SPCT is trading for $0.077.

At the end of the presale, SPCT will be trading for $0.080. At this rate, the token would have outperformed BNB and RUNE.

Learn more about the VC Spectra (SPCT) presale here:

Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

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