FTX’s crypto-assets liquidation move has placed a bearish threat on the best altcoins: Aptos (APT) and Solana (SOL). Both tokens are facing massive sell-offs when FTX liquidates its Solana and APT assets. This expectation of an incoming price decline has given more shine to VC Spectra’s (SPCT) massive price surge.
With a 312.5% price increase, VC Spectra’s (SPCT) presale is still gaining more ground as it heads to a total 10x price increase.
What you'll learn 👉
On September 13, 2023, a US bankruptcy court in Delaware approved FTX’s liquidation of $3.6 billion in crypto assets. Aptos (APT) ranks third on the list of top altcoins holdings of the bankrupt FTX exchange.
As a result of this liquidation, the Aptos (APT) crypto token has gone further in the downtrend. Between September 13 and September 19, 2023, Aptos (APT) went from $5.228 to $5.196. This marks a 0.61% decline in Aptos’s (APT) price.
Due to the liquidation of FTX’s Aptos (APT) holdings, experts predict that the token will continue trading in red. Price projections show that Aptos (APT) will drop to $4.92 by October 1, 2023.
The outcome of FTX’s bankruptcy case could also affect the SOL crypto price. Data shows that FTX held $685 million worth of Solana (SOL) tokens as of January 17, 2023. If FTX were to liquidate all of its Solana (SOL) holdings, it would represent a significant increase in the circulating supply of Solana (SOL). This could lead to a sell-off by investors and drive down the price.
However, since the FTX news, the SOL crypto price has recorded some impressive gains. Between September 13 and September 19, 2023, Solana (SOL) has increased by 11%, from $17.90 to $20.02.
Despite Solana’s increasing value, price projections show that FTX’s liquidation still holds a negative impact on the SOL crypto price. Experts predict that Solana (SOL) will drop to $19.97 by September 30, 2023.
VC Spectra (SPCT) is a community-based decentralized hedge fund that uses artificial intelligence (AI) to make strategic investments in high-potential new ICOs and blockchain ventures.
The platform aims to maximize returns for its investors through regular quarterly dividends, profit-based buybacks, and the appreciation of its native token, SPCT.
VC Spectra’s SPCT token is currently in Stage 3 of its public presale, with a selling price of $0.033. This marks a 312.5% increase from its Stage 1 price.
In addition, market predictions show that investors will see a 142.42% gain from the current price when VC Spectra (SPCT) reaches its final stage price of $0.080. This represents a 900% price surge from the token’s initial selling price of $0.008 in Stage 1.
VC Spectra’s (SPCT) 10x price increase has placed it on the radar of market analysts and crypto enthusiasts. Its presale performance has tagged it as a top crypto to buy now!
To learn more about VC Spectra (SPCT) and its presale, visit:
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