November has proven to be the golden month for crypto investors. Recent Solana news suggests that Solana (SOL) surged by 152.9% in the past month due to increased institutional investments. Furthermore, NEO (NEO) witnessed a price rally despite a new crypto legislation threatening its utilization. Notably, VC Spectra (SPCT) has once again dominated headlines after jumping to $0.066 in Stage 4 of its public presale.
So, which is the best crypto to buy? Read on to find out.
Summary
- Analysts say Solana (SOL) will rise to $62.54 by December 2023.
- VC Spectra (SPCT) surprises investors after skyrocketing to $0.066.
- Experts say NEO (NEO) will spike to $14.66 by the end of 2023.
Solana (SOL) Continues Upward Momentum, TVL Surges to 2021 Levels
The decentralized finance (DeFi) sector is witnessing explosive growth in various coins and tokens, translating into a remarkable increase in the Total Value Locked (TVL) and prices across their respective networks.
Solana (SOL) is a prime example, reaching a new all-time high (ATH) for both the Total Value Locked (TVL) and the SOL crypto price. Data from DefiLlama reveals a substantial increase in the TVL of Solana (SOL) ecosystem projects, rising from $300 million in early October to an impressive $465 million.
Experts say Solana’s (SOL) exceptional growth is fueled by various factors, with a key contributor being an influx of over $74 million in institutional investments. Notably, Coinbase stands out as a significant net buyer of the SOL crypto asset.
Furthermore, Solana’s (SOL) massive surge in network activity, characterized by positive monthly changes in leading protocols, further propels this upward trend. Within the Solana ecosystem (SOL), liquid staking and decentralized exchanges (DEXs) emerge as two of the largest growing categories.
Despite the ongoing apprehension related to FTX selling a substantial quantity of FTX tokens, Solana (SOL) has exhibited remarkable performance in the past 30 days. On-chain data reveals that the SOL crypto price skyrocketed by 152.9%, from $21.25 to $53.76.
Analysts indicate that the Solana community has surpassed concerns about the FTX overhang, achieving a notable gain of over 300% throughout the year. Market projections reveal that the SOL crypto price will soar to $62.54 by the end of 2023.
So, how does VC Spectra (SPCT) compare?
VC Spectra’s (SPCT) Price Rally Sets The Crypto Stage Ablaze
Prominent figures in the crypto space predict an extraordinary ascent for VC Spectra (SPCT). The new market entrant has showcased its massive prowess, maximizing investor returns through AI trading techniques.
As the best crypto to buy, VC Spectra (SPCT) beckons investors toward a landscape rich with diversified portfolios and enticing prospects in the blockchain sector. Furthermore, VC Spectra (SPCT) incentivizes investors through quarterly dividends and buybacks directly proportional to their investment returns.
VC Spectra’s (SPCT) mission involves transparency and accountability. The platform adheres to strict risk management principles while allocating capital to its blockchain ventures. As the top coin to buy, VC Spectra (SPCT) focuses on specific ICOs and cryptocurrencies that match their investment framework.
Here’s the clincher: VC Spectra (SPCT) is exchanging hands at $0.066 in Stage 4 of its public presale, marking a 762.5% spike from its Stage 1 price of $0.008. Due to its exceptionally high demand, SPCT is projected to exceed its $0.080 target price by the end of the presale.
Can NEO (NEO) dethrone VC Spectra (SPCT)?
U.S. Crypto Legislation Bars Government Officials from Utilizing USDT, NEO (NEO), and Chinese Blockchains
U.S. Representatives Zach Nunn (R-Iowa) and Abigail Spanberger (D-Va.) unveiled the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act on November 8.
Should the bill receive approval, it will usher in a new set of laws imposing substantial restrictions on the involvement of U.S. government officials, including elected leaders, with Chinese-based blockchain companies. This encompasses exchanges and stablecoin issuers.
The bill restricts government officials’ interactions with Chinese crypto firms, driven by concerns about espionage, sabotage, and protecting U.S. intellectual property from theft. This prohibition encompasses entities like the parent company of USDT, Tether Holdings, platforms like NEO (NEO), and the Blockchain-based Service Network (BSN).
According to experts, the bill’s prospect of approval and becoming law is uncertain. The bill is currently under review by the House Committee on Oversight and Reform, and a definitive voting date has yet to be arranged.
Meanwhile, NEO’s price soared by 37.5% in the past week, from $10.17 to $13.98. Experts say NEO’s recent price spike is concurrent with a surge in interest in short positions outweighing long positions on Binance.
On the other hand, analysts indicate that NEO may face a slight bearish momentum should the Clarity Act receive approval. Market projections indicate that NEO’s price may drop to $11.25 in the coming weeks before rising to $14.66 by December 2023.
Grab your SPCT token today and enjoy a momentous on any deposit!
Learn more about the VC Spectra (SPCT) presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
