Polygon, BNB, and vc spectra demand and trading volumes rising
The bullish market has rewarded polygon (MATIC) and binance coin (BNB) with a barrage of new investors looking to make massive returns.
Similarly, investor enthusiasm continues to grow as the first stage of the VC Spectra public presale comes closer. Meanwhile, there has been a spike in trading volumes in MATIC and BNB as investors discover VC Spectra’s unique proposition.
Investors renew demand for MATIC
The Polygon network has seen a notable increase in new adopters, which has captured the attention of investors. The growing number of addresses on the Polygon network signifies a rising interest in and broader utilization of the network, resulting in a renewed appeal for investors. As a result, the price of MATIC is up 14.29% over the past month, rising from $0.631 to $0.732.
The upcoming transition to Polygon 2.0 has also generated optimism among investors, with expectations of a potential price upswing. This positive sentiment has contributed to a significant surge in MATIC’s trading volume, which has increased by 28% over the past month.
Furthermore, Polygon’s strategic partnerships, including its recent collaboration with 7-Eleven, have generated investor interest and strengthened confidence in the network.
However, it’s worth noting that the United States Securities and Exchange Commission (SEC) listed MATIC as a security in their lawsuit versus Coinbase and Binance. This has raised concerns among investors and may impact MATIC prices. Subsequently, experts predict MATIC prices to fall from $0.732 to $0.678 in the coming weeks.
BNB’s trading volumes rising
On July 11, 2023, BNB trading volumes surged. Traders actively exchanged over $883 million worth of BNB, indicating heightened market activity and increased investor participation.
In addition to wallet-to-wallet exchanges, there has been a renewed interest in BNB in the derivatives markets. This could highlight the growing appeal of BNB as an investment instrument. With these developments providing tailwinds, BNB is up 7.86% in the past week, rising from $232.41 to $250.68.
BNB investors eagerly anticipate the “ZhangHeng” upgrade on BNB’s Beacon Chain. This upgrade includes two notable modifications. First, it introduces on-chain asset reconciliation to the BNB Beacon Chain, enhancing security. Second, the upgrade fixes the vulnerability known as the Rogue Key Attack.
Still, investors are worried about the future of BNB due to regulatory hurdles from the SEC and market volatility that could negatively impact its price dynamics.
VC Spectra on focus, SPCT demand rising
VC Spectra is a decentralized hedge fund that invests in high-potential blockchain and technology investments. The platform incentivizes its investors with buybacks and quarterly dividends tied to their investment returns. Furthermore, VC Spectra offers users exclusive access to startups and diversified portfolios.
With strict risk management principles, VC Spectra allocates funds to cater to crypto and investments, fund marketing, and legal fees. VC Spectra also employs systematic and algorithmic trading methods to maximize returns and minimize risks.
Moreover, investors have an added advantage due to the utility of VC Spectra’s SPCT. SPCT is a BRC-20 standard coin built on Bitcoin. SPCT has a deflationary model with a burn mechanism to reduce the number of tokens available over time.
The first stage of VC Spectra public presale is attracting investors, with the token currently trading at a discounted price of $0.008. Industry experts predict that SPCT can surge to reach its target price of $0.08 once officially launched.
Learn more about the VC Spectra 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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