A spectacular presale performance by VC Spectra (SPCT) has crypto whales circling the newly launched project with hopes of catching the incredible returns. Meanwhile, THORChain (RUNE) and Aptos (APT) continue their recent revival, much to the delight of their investors. How high can the three top altcoins go?
Let’s explore what the future holds for THORChain (RUNE), Aptos (APT), and VC Spectra (SPCT) now that the next bull cycle is around the corner.
What you'll learn 👉
The past few months have seen THORChain (RUNE) outperform other top altcoins as the asset goes from strength to strength. RUNE’s ascent has been steep, and the asset doesn’t seem like it will be stopping anytime soon. As of November 10, THORChain (RUNE) is up 408% since mid-June, making it one of the best altcoinsover the period.
A closer look at THORChain (RUNE) reveals the project’s fortunes took a turn for the better when it introduced lending. This allows users of THORChain (RUNE) to lend their native Layer 1 assets, such as BTC and ETH, for USD-denominated debt with no interest, liquidations, or expiration.
According to THORChain (RUNE), the loans are issued with a collateralization ratio, which determines how much debt one can get depending on their collateral. The collateralization ratio can range from 200% to 500%, depending on market conditions.
The loan activation has spurred a flurry of THORChain activity, thus increasing RUNE’s price. Recently, THORChain (RUNE) broke a major resistance at the $3.17 level. Investors will hope the current upward momentum will be enough to break the next level at $5.20.
An upcoming token unlock can spoil the party for Aptos (APT), which has enjoyed a resurgence in fortunes over the past few weeks. Over 24 million APT worth about $181 million will be airdropped to investors, core contributors, and members of the Aptos community.
Even though token airdrops are a great way to incentivize user activity on a platform, they are frowned upon due to their ability to dilute the asset’s value. In the Aptos case, the tokens represent 10% of the total supply.
Experts are worried the unlock has the potential to cause volatility within the Aptos (APT) market as some recipients of the tokens seek to dispose of them immediately for profits. As of November 10, Aptos (APT) is trading at $7.36 after a 53% increase over the past month, making it one of the best altcoins over the period.
A major resistance lies at the $7.97 level for Aptos (APT), which could prove problematic to break if the asset experiences selling pressure. Should that happen, Aptos (APT) will hope to use the $5.75 level as support.
VC Spectra investors are in for a fantastic surprise as whale interest in the project is expected to push the price of SPCT even higher. A few months ago, VC Spectra (SPCT) was virtually unknown; however, it is one of the best altcoins available to investors today.
The decentralized asset management protocol provides users with a secure and transparent investment tool. Early-stage ICOs with high profitability potential are identified and pooled into funds easily accessible using the SPCT token.
According to a recent Dune Analytics report, the number of whales on VC Spectra (SPCT) is steadily rising. Of the 750,000,000 SPCT tokens allocated for the presale, 444,209,734 tokens have already been snapped up as more whales join the project.
This has pushed the price of VC Spectra (SPCT) up to $0.066 from $0.008, ensuring early investors have seen an ROI of over 725%. Now, experts tip VC Spectra (SPCT) to exceed $0.08 by the end of the presale as more investors scramble for tokens. And further growth is expected once VC Spectra (SPCT) is listed on large exchanges by the first quarter of 2024.
Learn more about VC Spectra (SPCT) and its presale:
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