Are you looking for the most profitable cryptocurrency investments to maximize your ROI? Be careful when approaching SUI and Avalanche (AVAX), at least for now. The two tokens have taken a dive to trade in the red.
Meanwhile has VC Spectra (SPCT) maintain a positive performance just before the Phase 1 public pre-sale ends. SPCT raised $2.4 million within two weeks of the start-up/private sale launch, sparking excitement among investors.
The fall of SUI prices explained
SUI prices reached $0.79 on June 23, 2023. However, bearish sentiment bombarded the market, causing the price to topple and remain at $0.70. Data suggests that the SUI price has continued its significant decline over the past week and month, falling by 6.9% and 25.8% respectively.
A close analysis on July 5, 2023, focusing on the Sui (SUI) price, indicated that the token’s previous support level fell from $0.70 to $0.65. The drop represents more than 6% in just 24 hours! An overall assessment shows that SUI is experiencing bearish sentiment, suggesting that investor interest in SUI is waning.
SUI continued its downtrend in the past 24 hours, registering a 2.53% decline from $0.684 to $0.667.
Avalanche (AVAX) is also maintaining a bearish trend
Avalanche (AVAX) fell, which is an example of a 25% drop in the last 14 days. However, the token has presented huge potential but is still range-bound. Over the past three months, the price of Avalanche (AVAX) has moved from an average minimum price of $48.06 to a maximum average price of $146, indicating a 208% swing.
AVAX is currently struggling to break above the USD 14 resistance level. If Avalanche (AVAX) crosses that resistance level, it will go into recovery mode. It is worth noting that Bitcoin’s performance significantly influences the price of Avalanche (AVX). Let’s say Bitcoin falls in the $31,000 range; Avalanche’s (AVAX) attempt to cross the $14 price will be impossible.
A technical analysis of Avalanche (AVAX) price suggests that the token is approaching bullish sentiment. In the past 24 hours, AVAX witnessed a 3.34% decline to reach USD 12.65 from USD 13,073. Another level of resistance is rife as Avalanche moved close to the USD 13.40 mark. However, if the Avalanche token continues to trade below USD 13, the potential for a bullish recovery will be significantly reduced.
The time to invest in VC Spectra is now
What does investing mean VC Spectra (SPCT) for investors? In the cryptocurrency world, the winner takes all. However, a victor must employ the right strategies to make his triumph a reality.
VC Spectra (SPCT), a decentralized hedge fund, has mastered this art well. The platform uses tactical algorithmic and systematic trading strategies to guide users in making informed investment decisions.
In addition, the platform uses a rigorous evaluation process to identify profitable ventures in blockchain and technology. In addition, VC Spectra applies a sustainable development model that invests in promising projects. Doing this diversifies VC Spectra (SPCT) its income and creates something to shield investors from the effects of market unpredictability.
VC Spectra (SPCT) rewards users with quarterly dividends and buybacks, voting rights, and exclusive access to pre-ICOs. The platform is committed to providing startups and small businesses with the opportunity to grow and innovate.
The VC Spectra Token (SPCT) uses a deflation model and has a burning mechanism that is crucial for regulating token circulation. SPCT offers seamless asset management, decentralized trading, transaction fees and exchange on the Spectra platform.
Currently in phase 1 of the public pre-sale, and with almost 70% of the available token supply sold, phase 2 seems imminent. The initial value is poised to hit $0.011 in stage 2, representing a growth of 37.5%. Join the VC Spectra presale today and receive a 75% bonus on your deposit amount.
Read more about the presale of VC Spectra (SPCT) here: