Bullish sentiment in cryptocurrency has resulted in a price surge for top altcoins and brought new tokens to the forefront. One such coin has prompted Chainlink (LINK) and Uniswap (UNI) investors to divert their investments.
Which is this new coin threatening Chainlink (LINK) and Uniswap (UNI)?
BUY SPCT TOKENS NOW
On December 8, 2023, Chainlink (LINK) announced that its V0.2 Chainlink staking protocol had reached capacity. New participants and existing investors had staked over 40 million LINK tokens in the previous staking version. As a result of this Chainlink news, Chainlink (LINK) rose 8% from $15.71 to $16.94.
Further, Chainlink news announced that Chainlink (LINK) investors looking to participate in Chainlink staking V0.2 had to wait for existing investors to withdraw their staked LINK tokens.
Between December 9 and 14, Chainlink (LINK) fell 14% from $17.27 to $14.78. Market experts suggested Chainlink (LINK) was under immense selling pressure, with on-chain data from LookonChain on December 13. showing a single Chainlink (LINK) whale selling LINK tokens worth over $3 million
Following the whale sell-off, Chainlink news indicated a drop in investor interest as trading volumes dropped. Furthermore, the Chainlink (RSI) was southbound, and its MACD showed a bearish crossover. Based on this information, experts suggested a bearish market sentiment, causing Chainlink (LINK) investors to look for other investment avenues.
With Chainlink (LINK) trading at $14.97 on December 15, experts suggest bulls may help LINK recover its bullish momentum after an anticipated zKEVM integration on the Polygon Network went live.
Consequently, bearish LINK predictions show it may fall to $14, while bullish predictions suggest that Chainlink (LINK) price will hit $20 before the year ends.
On December 11, Uniswap (UNI) announced a collaboration with Rootstock to connect it to the Bitcoin (BTC) network. Following the announcement, Uniswap price fell from $6.59 to $6.10.
Between December 11 and December 14, Uniswap price fell from $6.59 to $6.29. Following its price downturn, there was a notable decrease in Uniswap (UNI) trading volume.
Based on this information, experts suggest a bearish market sentiment for Uniswap (UNI) and predict a continued fall in Uniswap price. Consequently, analysts project that Uniswap (UNI) will fall to $5.5 before resuming its uptrend.
Investors are turning to VC Spectra (SPCT), the new coin, as Chainlink (LINK) and Uniswap (UNI) fall.
VC Spectra (SPCT) is the emerging DeFi crypto surpassing established DeFi companies as it brings a decentralized hedge fund to the crypto market. Its product aims to democratize asset management by inviting as many investors as are willing to pool funds and invest in prominent tech companies and new ICOs.
VC Spectra (SPCT) utilizes AI and advanced trading techniques to attain profitability. Furthermore, it relies on insights from professional investment experts to select companies and allocate its investment capital.
VC Spectra (SPCT) investors rely on the smart contract platform to monitor operational progress transparently. Moreover, VC Spectra’s native digital token, SPCT, empowers investors with voting rights, allowing them to determine the direction of the fund. Furthermore, VC Spectra (SPCT) shareholders qualify for quarterly dividends and profit buybacks.
VC Spectra (SPCT) is running a public presale to attract investors at an introductory price. Astute crypto enthusiasts are optimistic it will perform well when it lists on exchanges. Moreover, it promises a 900% ROI in its public presale for early investors.
With the presale in the final stage, VC Spectra (SPCT) has gained 862.5% from its original price of $0.008 to $0.077. Moreover, it continues to attract new investors with a massive bonus. SPCT is forecasted to reach and surpass the public presale final target price of $0.08.
Learn more about the VC Spectra presale here:
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