FTX Token (FTT) is riding high this month after Sam Bankman Fried appeared before the court. The buzz surrounding the case has created speculation on FTT, which has grown over 300% since the start of the month. One notable name in the best cryptocurrency circles is VC Spectra (SPCT), which has shown a spectacular presale performance.
The project’s utility and market performance have investors paying attention. Let’s explore why this is the case.
Summary
- Despite continued gains, investors are cautious about the FTX Token.
- VC Spectra continues to grow in popularity as its presale nears its end.
FTX Token (FTT) Continues To Surge As Investors Await Sam Bankman Fried Fate
Before the FTX implosion, no one could have predicted the meltdown FTT experienced in a few days last November. Considered one of the best cryptocurrency projects, FTX had established itself as the main rival to Binance and had its eyes set on eclipsing it.
This made FTT quite popular among crypto investors, with the altcoin trading as high as $85 back in September 2021.
All this would change when FTX went down, with FTT’s value sinking to less than $1. The altcoin price would remain there until three weeks ago when it began rallying. What could have changed?
After months of waiting, Sam Bankman Fried was charged with several counts of fraud and conspiracy for his role in the downfall of FTX. He faces up to 110 years in jail. The news has brought some limelight to FTT, which grew over 350% in 3 weeks as investors speculated on the altcoin.
How long the speculation will go on and how far the FTX Token (FTT) will rise is anybody’s guess. As of November 22, FTT is trading around $4.42. A major resistance lies at the $26.50 level should the uptrend continue. Investors who lost funds on FTX will hope the FTT price keeps rising, thus improving their chance of being fully compensated.
The RSI appears stuck in the overbought territory for FTT, meaning a retrace might be on the cards.
Investors Swarm VC Spectra (SPCT) as the Project Nears End of Presale
Unlike FTT, whose value right now is driven by speculation, VC Spectra’s unique approach to crypto investing and trading has won the hearts of many investors. The decentralized asset management tool aims to democratize access to blockchain investments using AI and other advanced technologies.
AI is responsible for conducting due diligence on newly launched blockchain startups and sniffing out those with the highest potential to succeed. These projects are funded and aided with the tools necessary for growth, thus guaranteeing their profitability.
This is crucial, as VC Spectra pools the projects into different funds accessible to its users through the SPCT token. Each fund is diversified to minimize risks for investors, who are rewarded with quarterly dividends and a share of the profits depending on the size of their SPCT holdings.
A few months ago, VC Spectra launched its public presale, where SPCT tokens were offered at a discount before the project was listed on major exchanges for a larger audience. The price of SPCT has grown with each presale stage as demand for the tokens increased.
In its fifth and final presale stage, VC Spectra (SPCT) has grown over 862.5% since Stage 1’s price of $0.008, with each SPCT token now going for $0.077 in Stage 5. In contrast, the first presale stage saw each token going for $0.008. No wonder many investors consider VC Spectra one of the best altcoins to invest in right now.
Learn more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund