Polkadot (DOT) and Optimism (OP) find themselves in the crypto spotlight as many investors consider the projects among the top crypto coins. On the other hand, VC Spectra (SPCT) is proving itself as the next big thing in this trillion-dollar market.
Discover how to get involved with this decentralized finance (DeFi) gem later. Kicking off the news, the latest developments for Polkadot and Polkadot price prediction estimates.
What you'll learn 👉
Summary
- Another multi-million-dollar token unlock is set for Optimism (OP).
- Web3 Foundations plans to dedicate $22 million for project development on Polkadot (DOT) in 2024.
- VC Spectra (SPCT) offers a much-needed alternative to traditional asset management.
Web3 Foundation To Allocate $22 Million Towards Polkadot (DOT) In 2024
Despite Polkadot (DOT) remaining a relevant interoperability-focused blockchain, its value in 2023 suggests otherwise. The Polkadot price is currently worth $3.76, the lowest since November 2020. While no technical reasons explain the drop, Polkadot (DOT) has fallen out of the top 10 altcoins.
The latest news involving Web3 Foundation comes at the perfect time in efforts to bolster the Polkadot price. This R&D collective has made a significant announcement. As part of the Polkadot (DOT) Treasury, the Web3 Foundation promises to invest $22 million and 5 million DOT in 2024 to boost any meaningful projects on the network.
With this in mind, it will still be a long recovery road for the DOT token. Reasonably speaking, the Polkadot price may only reach at least $5 by 2024 and $10 by 2025. How does the Optimism crypto protocol compare with its news and price estimates?
Optimism (OP) To Undergo Another Token Unlock This Month
The Optimism crypto project has been on a spree of releasing OP tokens, most recently with 19.4 million OP (worth about $27 million) last month to over 31,000 unique addresses in a surprise airdrop.
Moreover, the Optimism token will experience another ‘unlock’ scheduled for October 30, 2023, when 24.16 million OP floods the market. This signifies roughly $29 million or close to 3% of the circulating supply for Optimism (OP), the same amount released on September 30, 2023.
While token unlocks aim to increase liquidity, they are often bearish signals. Hence, Optimism (OP) is down 14% since October 2023 from $1.45 to $1.25. Regardless, based on Optimism crypto forecasts, OP can reach a minimum of $2 by 2024 and $4 by 2025.
Saving the best for last, let’s see how VC Spectra (SPCT) is the best cryptocurrency to buy today compared to Polkadot (DOT) and Optimism (OP).
VC Spectra (SPCT) To Outclass Traditional Asset Management Firms
VC Spectra (SPCT) is for investors seeking to maximize the sheer multi-billion-dollar size of the blockchain and technology markets with promising startups as the vehicle. The service will excel in security, sustainability, financial ease of access, and trading agility, outclassing its traditional finance counterparts.
VC Spectra (SPCT) is backed by Ethereum (ETH), leveraging one of the most secure distributed ledgers in the world. It will rely on the network’s smart contracts to automate the operational functions of an asset manager and provide transparency. This also ties to VC Spectra’s (SPCT) commitment to sustainable investing, which each funded project will uphold.
VC Spectra (SPCT) is also unique in the trading strategies to use to manage risks and maximize gains. Aside from the typical hedging, diversification, arbitrage, etc., the protocol will also apply sophisticated machine learning algorithms. Investors receive all these wonderful benefits without any minimum deposits required.
The Spectra token, SPCT, is the key to unlocking VC Spectra’s ecosystem, providing quarterly dividends (the primary earning method), access to discounted pre-ICOs, and voting rights.
Get it for $0.044 in Stage 3 of VC Spectra’s (SPCT) fast-selling presale before it rises 82% to $0.080 in the last stage and gets listed on exchanges!
Learn more about the VC Spectra presale here:
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