The cryptocurrency market is abuzz with recent developments in NEAR Protocol (NEAR) as investors closely monitor its price drop. This significant shift has sparked debates on the best action for existing Near Protocol (NEAR) holders. With market dynamics constantly evolving, many question whether it’s time to cash out or seize the opportunity to invest in other rising crypto gems with remarkable growth potential.
Let’s talk about other rising gems.
Near Protocol (NEAR): A Deep Dive To New Lows
Near Protocol (NEAR) has experienced a significant downward spiral, plunging to new lows as of July 25, with the current price at $1.37, a sharp decline from its starting price of $1.50 on July 17. For reference, Near Protocol (NEAR) has encountered a price drop of approximately 8.67% from its starting value while witnessing a decline of 4.48% from its weekly high.
As of the July 10 report, the Near Treasury contains a total of $349 million in regular money, 315 million NEAR tokens, and $90 million in loans and investments. During the second quarter (Q2), they distributed $16 million in cash and 1 million NEAR tokens to support various projects in their ecosystem depleting the treasury. This impacted the Near Protocol (NEAR) price overall as Near Treasury dropped to $900 million overall.
The token’s value tumbled below a crucial support level at $1.44, primarily due to intense seller capitalization and panic selling, leading to a weekly low of $1.37 on July 25. These numbers spotlight Near Protocol’s (NEAR) challenging situation, warranting caution for potential investors and leaving them closely monitoring the token’s next moves in the cryptocurrency market.
Regrettably, Near Protocol (NEAR) finds itself caught in a strong bearish trend, with both analysts and the Relative Strength Index (RSI) indicating a slightly bearish outlook. The overall sentiment surrounding Near Protocol (NEAR) remains distrustful as its price continues to struggle.
VC Spectra (SPCT) Delivers Outstanding Performance In Public Presale Stage 2
Meanwhile, VC Spectra (SPCT) has quickly become a popular blockchain for asset management, unlike Near Protocol (NEAR), and is changing how people invest their money. It offers safe ways to support and make a sustainable income, attracting many investors.
The VC Spectra (SPCT) platform keeps investments secure and offers initial coin offerings (ICOs) with the help of experienced venture capitalists and risk managers. Investors who support VC Spectra (SPCT) also have a say in the platform’s decisions through voting rights.
VC Spectra (SPCT) has been doing well in public presale events. In Stage 2, the token price surged to $0.011, giving early investors a good 37.5% return on investment (ROI). In Stage 3, the VC Spectra (SPCT) token price is set to rise even more to $0.025, offering a significant 127.27% increase in value. Although the price in Stage 3 is higher, investors still find the potential for more growth appealing.
The platform aims to reach a target price of $0.08 per VC Spectra (SPCT) token after completing all presale stages. This would give investors a really impressive 627% ROI compared to the initial Stage 2 price.
VC Spectra (SPCT) is proving to be an attractive choice for investors who want good investment returns. With its strong foundation and focus on giving value to investors, VC Spectra (SPCT) is the perfect investment in asset management using blockchain technology.
Learn more about VC Spectra (SPCT) and its presale:
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