Uniswap pumping: UNI, SPCT, and APE price prediction
Uniswap (UNI) is firm and may reach a new high next month. However, other coins like apecoin (APE) are sluggish. Meanwhile, VC Spectra has raised over $2.4 million in private presale events. In stage 2 of its SPCT presale, token prices will be increased by 37.5%.
In this release, we analyze the future of Uniswap, ApeCoin, and VC Spectra projects and look at how their token prices will perform.
Looking at Uniswap
The UNI token, the governance token of Uniswap, is gaining popularity as it is moving toward a new high on the monthly charts. However, the scenario is different when viewed on the weekly chart.
UNI dropped 9.42% from its weekly high of $5.73 on July 3 to its weekly low of $5.19 on July 9. UNI is within a bearish formation in the weekly chart, and the token remains under pressure. For this reason, UNI may not be a good token to invest in in the short term.
With Uniswap’s V4 update roadmap and the introduction of “Hooks,” Uniswap is introducing a major update since the release of the V3 chain two years ago. Customization such as Hooks and Custom Pools have increased market interest. They can be ruled as one of the reasons why UNI is firm on the monthly charts.
Despite the optimism, bullish sentiment is fading because UNI bulls failed to break above the $5.50 resistance level on July 7.
The sentiment has completely changed as prices fall towards the support zone of $4.8. Even so, this may offer better entries for investors willing to double down on UNI at around $4.8.
VC Spectra likely to surge
VC Spectra is a new decentralized hedge fund that utilizes artificial intelligence (AI) to identify income-generating opportunities for token holders. VC Spectra employs venture capitalists and professional risk managers to protect its investments well.
Furthermore, the platform allows access to strategic investments in crowdfunds and other startups. Each SPCT gives investors exclusive voting rights and complete authority over their assets and involvement in the blockchain.
As a result, VC Spectra is being explored as a project to look at. It has raised over $2.4 million in private presale events, and its public presale in multiple stages is also live.
Stage 1 of the VC Spectra token presale has already sold more than 70% of the allocated tokens at $0.008. Stage 2 will see token prices rise 37.5% to $0.011.
The price of VC Spectra tokens is expected to rise until it reaches its target launch price of $0.08. This means that early SPCT holders will have experienced a significant increase of 900% from the initial price of $0.008.
ApeCoin is at a major turning point
ApeCoin’s APE began the week at a high of $2.27 on July 2, then dropped more than 22% to $1.86 by July 7. However, signs of recovery were evident as prices rebounded 9.6% to $2.04 from its weekly low on July 8.
Presently, APE is tracking toward stability after months on a bearish path. After APE’s steep decline, the new support region lies between $1.95 and $1.84. As the trend progresses above these recent support regions, technical indicators point to improving APE sentiment.
The critical factor depends on APE crossing the minor resistance levels at $2.05, $2.10, and $2.15. If APE prices break above these levels this week, the token’s fortunes could change.
Despite the potential breakout, APE is under pressure due to increasing shorts and sell orders. Therefore, investing at this stage may not be advised.
Learn more about VC Spectra and its presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.
