Solana, VC Spectra, and Aptos coins are firm, could post more gains in July
Solana (SOL) has fully recovered from its June 2023 tussle with the United States Securities and Exchange Commission (SEC). Meanwhile, Aptos, dubbed the “Solana Killer,” was spared from legal action. Still, in July, their respective coins will likely rally. However, they have competition in VC Spectra. The project is gaining attention after raising $2.4 million from its seed and private sales. It is currently in its public presale phase.
Solana recovers, regains control after US SEC saga
In a recent SEC lawsuit, the regulator accused two major cryptocurrency exchanges of enabling the trading of unregistered securities. One of the cryptocurrencies mentioned as an example of an unregistered security was solana (SOL), a tradable asset. This allegation sent shockwaves across the markets.
Investors reacted to this news as SOL plunged from $20.1027 to a 30-day low of $13.9888 on June 20, 2023. A few days later, the Solana Foundation reiterated that SOL is not a security, emphasizing that it was seeking legal advice.
Solana has fully recovered from recent lows. SOL trades at $20.17, and analysts predict even more gains in July. In addition, the crypto market sentiment has improved. It is positive and speculative, meaning there is a chance SOL may rally.
VC Spectra set to disrupt the crypto market
VC Spectra is a decentralized hedge fund built to drive development in the blockchain industry through strategic investments.
As a hedge fund, VC Spectra selects potential blockchain projects and promising web3 startups. SPCT holders are also entitled to quarterly rewards and profits from buybacks of profitable investments.
Currently, VC Spectra is on its first presale. Each SCPT token is available for $0.08 but is set to rise to $0.011 in the next presale phase. On launch, SPCT will likely hit $0.08. For early investors, this translates to a 900% surge.
Aptos is making a statement
The SEC has been flagging cryptocurrency projects for non-compliance, causing investors to closely monitor top projects for potential legal issues.
One such project, Aptos, faced scrutiny but avoided SEC lawsuits. However, its prices dropped during the recent lawsuits against Binance and Coinbase.
Despite this setback, APT prices have since recovered and are currently trading at $8.3371 as of July 3, 2023. Aptos plans to release 4.54 million APT tokens, valued at $36.94 million at spot rates.
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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