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The fear of missing out (FOMO) is a real thing in the crypto market. With the next bull market believed to have already begun, many investors are all over the place trying to catch the upside on most coins. Over the past month, many top altcoins, such as Stellar (XLM) and Chainlink (LINK), have begun to rally.
For the investor who feels as if they have missed out on these gains, there is no need to worry, as this newly launched project promises even more upside. Let’s explore why VC Spectra (SPCT) might be worth your time and money.
Summary
- XLM will hope new project developments can kickstart its uptrend.
- LINK continues to wow investors after a fantastic run.
- SPCT continues to grow in popularity as its presale nears its end.
How High Can Stellar Coin Rise?
Stellar XLM appears to have begun its uptrend on October 13. The next three weeks would see Stellar XLM grow by over 33%, touching the $0.13 level. Since then, the altcoin price has retraced sharply, touching the $0.11 support and bouncing back to touch the $0.13 resistance without breaking it.
In the past 10 days, Stellar XLM appears to have lost momentum and has been trading sideways. As of November 30, Stellar (XLM) is trading around $0.12. Now the big question is: in which direction does Stellar (XLM) move from here?
If the bears prove too strong for Stellar (XLM), then a break below the imminent support at $0.11 could push the price to the $0.10 level. You would have to go back to mid-July to see the last time Stellar (XLM) was trading around that level.
On the other hand, if Stellar (XLM) can build some momentum and push past its current level, a major resistance awaits at $0.13. A break above the level will see Stellar (XLM) aiming for the next one at $0.15. And above that barrier is $0.19, which represents its highest peak in 2023, achieved back in July.
The newly launched Stellar Community Fund (SCF) has all the elements to push XLM to those levels. The SCF aims to award the next generation of projects that are building on the blockchain.
Chainlink Price Prediction: Can LINK Maintain Its Uptrend?
Chainlink (LINK) is one of the longest-rallying projects this year. The Chainlink price began rallying way before other top altcoins, so its gains have been more pronounced. Starting in the second week of July, the Chainlink price has grown over 200%, recently managing to cross a major resistance level at $13.39.
Now the Chainlink price is using the level as support as it pushes towards the next barrier at $28.18. You would have to go back to January 2022 to find the last time the altcoin price was trading around that level.
Also, if Chainlink achieves that level, it would mean LINK will have grown over 485% since its rally began four months ago. That would be exciting for Chainlink (LINK) investors. However, for this to happen, Chainlink (LINK) needs to keep investors interested in the project.
This can happen by achieving major milestones and striking important partnerships. Like the recent collaboration with TheStandard.io, that will allow the protocol to access Chainlink’s industry-leading oracles and technical support. Thus, furthering the support and growth of decentralized stablecoin lending protocols.
VC Spectra Tipped to Outshine Many Top Altcoins
Chainlink’s growth might be impressive; however, it pales in comparison to VC Spectra (SPCT). The newly launched project has grown over 9X in a matter of weeks during its presale. VC Spectra began its presale with each SPCT token going for $0.008.
The second round would see the price of SPCT grow to $0.011, meaning early-stage investors had seen an ROI of 37.5%. Increased demand for SPCT saw the price of tokens jump to $0.044, leaving early-stage investors with an ROI of 450%.
By the fourth round, the value of SPCT had grown to $0.066, meaning early investors were staring at an ROI of over 725%. Now in the fifth and final presale round, each SPCT is going for $0.077. That’s an ROI of over 862% for early-stage investors.
More interestingly, at every presale round, new investors have been able to make a decent return. The lowest return was between the 4 and 5 rounds, where investors made only 16.6%. However, with SPCT tipped to cross the $1 mark by the end of Q1 once listed on major exchanges, investors buying in now have every reason to be excited.
Fueling this rapid price growth is robust utility. VC Spectra runs a decentralized asset management and trading tool…
Read More: Missed Stellar and Chainlink’s Ascend? A New Crypto’s Future Shines Bright