In the ever-evolving world of cryptocurrencies, top altcoins – Ethereum (ETH) and Cardano (ADA) recently faced turbulence as long-term investors engaged in massive sell-offs, shifting their focus to a new crypto coin. This new crypto gem has captured the hearts of crypto enthusiasts and experts with its high potential.
Let’s explore the sell-off trends in Ethereum and Cardano and the potential of the rising crypto star!
What you'll learn 👉
ETH Price Prediction: Is Ethereum A Good Investment?
Over the past weeks, Ethereum (ETH) has seen significant sell-offs that suggest the token is losing its longtime holders. On October 9, 2023, Ethereum’s (ETH) foundation exchanged 1700 ETH for a staggering $2.738 million worth of USD Coin (USDC) on the Uniswap platform.
However, the transactions didn’t end there. Just over a week later, on October 18, an Ethereum (ETH) whale liquidated a substantial portion of their holdings, involving a staggering 13,871 ETH. This move had a profound impact on Ethereum’s market dynamics and made the community pessimistic about the ETH price prediction.
Between October 9 and October 19, Ethereum’s (ETH) price dropped from $1,634.19 to $1,552.81, marking a 4% decline. However, due to Bitcoin’s (BTC) price surge, Ethereum (ETH) regained bullish momentum, reaching $1,818.23 on October 24.
According to the ETH price prediction, fueled by Bitcoin’s (BTC) bullish move, market analysts say Ethereum’s (ETH) price will trade at the $1,892.73 mark on November 8. This shows that Ethereum (ETH) is still a key player in 2023’s bullish move despite recent fluctuations and sell-offs.
Cardano Price Prediction: Whales Dump ADA Tokens, What’s Next?
On October 16, 2023, Cardano ADA news revealed that Cardano’s largest holders had been actively shedding their ADA holdings. In a YouTube video, renowned crypto analysts Cheeky Crypto revealed that the most significant reduction in ADA balances has been observed among Cardano whales holding between 1 million and 10 million ADA tokens.
Between the end of September and October 16, these whales collectively sold 220 million ADA tokens. This massive sell-off had a direct impact on Cardano’s (ADA) price, causing it to plummet by 4%, as it dropped from $0.251 to $0.241.
However, on October 23, Cardano’s (ADA) price climbed back to the $0.281 price level. This positive price movement is attributed to the general market price rally. Furthermore, experts predict Cardano (ADA) will ride Bitcoin’s price surge to $0.300 by November 7.
VC Spectra (SPCT) Attracts Significant Investor Interest
While top crypto coins, Ethereum (ETH) and Cardano (ADA), have been losing major holders, data shows that investors have been buying heavily into VC Spectra (SPCT). Currently, in Stage 4 of VC Spectra’s public presale, investors have bought over 400 million SPCT tokens.
VC Spectra’s (SPCT) remarkable token demand is due to the platform’s unique features. Functioning as a decentralized hedge fund, VC Spectra (SPCT) uses AI to revolutionize investment opportunities. It has earned recognition as one of the top DeFi projects, largely due to its transparency and the unprecedented control it offers investors over their assets.
VC Spectra’s (SPCT) use of AI technology gives it access to extensive data, allowing the platform to identify real-time, high-potential investment opportunities. This helps VC Spectra’s (SPCT) investors mitigate risks while securing lucrative investment returns.
Due to the token’s high demand, VC Spectra (SPCT) made a 587.5% price surge between Stage 1 and Stage 4 of its public presale, rising from $0.008 to $0.055. Price forecasts show another 45% boost to $0.080 by the end of the presale. This impressive performance has made VC Spectra (SPCT) the best DeFi crypto project currently in the market!
Learn more about the VC Spectra presale here:
Disclaimer: This sponsored content is not endorsed by CaptainAltcoin, which takes no responsibility for its accuracy or quality. We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.