The market cap of Solana (SOL) and Stellar (XLM) sits in the tens of billions of dollars. Yet, the current decline in crypto has seen this dip as a fresh project emerges, capitalizing on industries worth the same lucrative potential.
It’s still early days, but almost 250 million tokens have been sold in its presale.
Keep reading to learn more as we look at the latest developments for Solana (SOL) and Stellar (XLM).
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Binance Delists Solana (SOL) Trading Pair
Binance has been removing several leveraged futures markets linked to coins with regulatory concerns, the latest being Solana (SOL). The exchange will discontinue trading the SOL/BUSD perpetual contracts from August 28, 2023.
On the bright side, this is the tiniest market for Solana (SOL) futures. Yet, while Solana (SOL) remains highly popular, it has underperformed, partly due to legal issues highlighted by the Securities and Exchange Commission (SEC) in June 2023.
Data from Artemis shows a decline in daily transactions for Solana (SOL) since this period. But Solana (SOL) has been doing quite well in areas like total value locked and revenue over the past few months. Still, Solana’s (SOL) price is yet to correlate, down 34% since July 14, 2023, from $32 to $21. Yet, with improving market conditions, Solana (SOL) could revisit the recent high (or travel further) by 2024, according to many forecasts.
Now let’s look at Stellar (XLM) and its latest moves.
Stellar (XLM) Becomes Minority Investor In MoneyGram
Stellar (XLM) and MoneyGram have been well-integrated as commercial partners since 2021. This is set to continue with the Stellar Development Foundation (SDF) buying a minority stake in the company.
Although the financial details remain unknown, Stellar (XLM) will have a seat on MoneyGram’s director board. This deal should see further blockchain integration into the latter, which investors hope bolsters the usage of Stellar’s XLM token.
The price of Stellar (XLM) has been severely affected by the sudden bear market in crypto. Yet, it remains among the altcoins that have recovered to a decent extent, rising 25% since August 17, 2023, from $0.10 to $0.13.
Still, Stellar (XLM) has much ground to cover to reach $1, the maximum target estimated by many forecasts for 2024.
And then we have VC Spectra (SPCT), which continues to grow in market cap as it edges closer to launch.
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Cutting-Edge Decentralized Asset Management With VC Spectra (SPCT)
VC Spectra (SPCT) is a cutting-edge, Ethereum-built decentralized hedge fund for budding blockchain and technology ventures. The platform will combine the best of both worlds by achieving consistent returns while adhering to ethical and sustainable investing principles.
Another unique differentiator for VC Spectra (SPCT) is its trading intelligence with machine learning algorithms. VC Spectra (SPCT) will not only simply manage assets but use such trading strategies to manage the risks while finding profitable patterns. Coupled with the due diligence applied by its expert for each project, you have a recipe for lucrative success.
Regardless of your budget, anyone can invest in the ever-expanding choice of projects on VC Spectra (SPCT). Speaking of ‘budget,’ you’ll also be able to afford the Spectra token (SPCT), trading for $0.025 in Stage 2 of VC Spectra’s presale.
This is the key to becoming a fully-fledged VC Spectra (SPCT) user, along with its valuable benefits: quarterly dividends, voting rights, and discounted access to pre-ICOs.
What’s most exciting is that analysts forecast a 220% return for SPCT from $0.025 to $0.08 when VC Spectra launches. It’s a no-brainer to capitalize on this opportunity and stake your claim in future-proof blockchain and tech markets.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Source: https://www.analyticsinsight.net/cryptos-new-king-this-new-coin-overtakes-solana-sol-stellar-xlm-in-market-cap/