Investor Shift From dYdX and NEAR Protocol to VC Spectra
The post Investor Shift From dYdX and NEAR Protocol to VC Spectra appeared on BitcoinEthereumNews.com.
• dYdX (ETHDYDX) upcoming token unlock fails to dissuade holders as its price may surge to $3 by the end of November. • NEAR Protocol (NEAR) to reach $2 in November. • VC Spectra (SPCT) surges 725% in public presale. As the crypto market grows, investors offload some of their holdings, falling behind the bullish market. Some top crypto coins investors are divesting from include dYdX (ETHDYDX) and NEAR Protocol (NEAR). On the other hand, crypto enthusiasts are running to VC Spectra (SPCT), a new market entrant, as it navigates its public presale. Let’s delve into dYdX (ETHDYDX), NEAR Protocol (NEAR), and VC Spectra (SPCT). dYdX (ETHDYDX) Whales Shift Amidst Upcoming Token Unlocks The dYdX (ETHDYDX) community anticipates a token unlock on November 21, 2023. ETHDYDX tokens worth $6.6 Million will enter the market to increase circulation. Consequently, there has been an increased transfer of dYdX on exchanges for sale. Despite the upcoming token unlocks, dYdX surged 4.2% from $2.84 to $2.96 between November 11 and 12. In Q4, dYdX tended upward as the market surged. It gained in October as its price jumped from $1.97 to $2.44. Further, it gained 24% in November, as its price rose from $2.31 to $3.10 between November 1 and 13. Following the price activity of dYdX, market experts suggest it is bullish. However, there are indications of a price correction as November 21 approaches. On November 12, the ETHDYDX Network Realized Profit/Loss surged, showing that traders dumped dYdX. While the offload did not affect the price, market analysts advise caution when trading dYdX (ETHDYDX). Consequently, they predict that dYdX may experience a price correction before stabilizing and rising to $3 as November ends. On November 8, NEAR Protocol (NEAR) announced a partnership with Polygon…
Filed under: News - @ November 15, 2023 1:12 pm