Whales withdrew millions of dollars worth of TRON (TRX). Meanwhile, VC Spectra (SPCT) is projected to grow by 900 percent.
How did this whale action affect the price of TRON coin? And how will VC Spectra (SPCT) experience this increase in valuation? let’s find out.
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Summary
- TRON (TRX) is one of the altcoins to watch in 2024.
- VC Spectra (SPCT) is the best choice for investors.
Whale raids Binance for $194 million TRON (TRX)
On November 6, 2023, on-chain analytics firm Whale Alert reported that 1.99 billion TRON (TRX) tokens worth $194 million were withdrawn to an unknown wallet on X. revealed,
One commentator wondered if TRON (TRX) was about to be upgraded. Others said they would simply continue to observe.
However, a commenter posted a screenshot of the Binance X post with some information as to what could be causing such a large transfer. In the post, the exchange said that they were performing maintenance on their TRON (TRX) wallet and that larger transfers should be expected. Post, “Rest assured, the funds are SAFU.” It ended with the statement:
Following the announcement, the price of the TRON coin declined by 2 percent, falling to $0.096 from $0.098 on November 7. Analysts could not point to any direct link between the large transactions and the decline. However, some analysts believe that this decline is a minor price correction before TRON coin continues its upward journey.
These analysts may be right, as TRON (TRX) is currently trading at $0.100, which is 2 percent higher than its November 6 price.
Analysts predict that the price of TRX could reach $0.499 in 2024. In the coming year, he expects the share of the TRON blockchain in the stablecoin market to increase. TRON (TRX) currently has the most USDT reserves. Furthermore, the anticipated 2024 bull run is expected to play a key role in TRON reaching this value.
VC Spectra (SPCT) eyes 900% gain as presale increases
VC Spectra (SPCT) is set to surge 900 percent after its presale ends. SPCT, which was sold for $0.008 in the first phase of the pre-sale, will trade for $0.080 after the sixth and final phase. The VC Spectra pre-sale is currently in its fourth phase, with SPCT selling for 587.5 percent more than the opening price of $0.066. This promise of guaranteed price growth is what makes VC Spectra (SPCT) the best crypto for beginners.
However, there are other reasons why VC Spectra (SPCT) favors startups. The platform does all the hard work to provide them with the best blockchain investment experience so they can invest with peace of mind.
VC Spectra (SPCT) uses technology and experienced traders to select the most promising blockchain startups and the most profitable transactions. Beginners need to purchase SPCT tokens only.
The platform then invests the funds using tested and trusted trading strategies and a long-term and sustainable investment approach. All these actions together generate wide profit margins.
However, VC Spectra (SPCT) isn’t just for crypto novices. Experienced investors who want to diversify their portfolio with minimal risk will find this platform suitable for their purposes.
They can invest in early-stage blockchain startups, specialized crypto sectors, and engage in arbitrage trading. They can also stake and lend crypto assets.
Additionally, token holders enjoy access to exclusive pre-ICOs, earn quarterly dividends and buybacks, and have voting rights.
With all that being said, it’s not hard to see why VC Spectra (SPCT) is the best crypto to buy for investors.
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