Solana (SOL) surpassed Dogecoin (DOGE) in market capitalization last month, but Dogecoin quickly regained momentum, leaving Solana behind. Both SOL and DOGE have struggled on the price chart since then. Meanwhile, a new player is emerging in the crypto space, which has caught investors’ attention with its presale price performance.
Let’s find out the recent developments in these three coins and find the best crypto to buy!
>>BUY SPCT TOKENS NOW<<
Solana (SOL) Soars as Co-Founder Urges Regulatory Clarity
In a recent interview with Fortune Magazine on September 19, 2023, Anatoly Yakovenko, co-founder of Solana, highlighted the critical need for regulatory clarity within the blockchain industry. He underlined how the prevailing regulatory uncertainty is stifling innovation and compelling talent to relocate outside the United States.
Referencing a Fortune Magazine report, Solana’s (SOL) co-founder Yakovenko pointed out a decline from 42% to 29% in the United States’ share of the world’s open-source blockchain developers between 2018 and 2022.
Following Solana (SOL) co-founder’s remarks, the SOL crypto price experienced a notable surge within 24 hours. The SOL crypto price soared by 3.6% from $19.61 on September 19 to $20.32 on September 20.
Per Solana price prediction for 2024, analysts have projected a yearly low price prediction for Solana (SOL) at approximately $19.10. Conversely, on the more optimistic side for Solana, predictions envision the SOL crypto price reaching as high as $139.43 during the same year.
DOGE Fell Amid Removal from New York’s DFS “Greenlist”
New York Department of Financial Services (DFS), on September 19, 2023, introduced changes to the oversight procedures for virtual currencies. These changes directly affect digital businesses operating under DFS licenses, impacting their ability to feature various top crypto coins.
One notable change is the removal of over two dozen digital tokens, including top altcoins like Dogecoin (DOGE), from the DFS’s previously approved “greenlist.” This change reflects a more rigorous regulatory process, likely to have a significant impact on the trading and regulation of digital assets within New York.
Following the DFS’s regulatory changes, Dogecoin (DOGE) experienced price fluctuations. The price per DOGE dropped by 1.8% from $0.06321 on September 19 to $0.06201 per DOGE on September 20. This led to doubts regarding optimistic Dogecoin prediction.
Per Dogecoin price prediction, analysts have projected a yearly low price prediction for Dogecoin (DOGE) at approximately $0.052061. On a more optimistic note, Dogecoin prediction hints at the price of Dogecoin (DOGE) reaching as high as $0.272252 during the same year. However, a bright future Dogecoin prediction still needs regulatory clarity.
VC Spectra (SPCT) Emerges as a Hidden Gem with 312.5% Gains
VC Spectra (SPCT) is a decentralized hedge fund that has been striving to bring innovation to the Fintech and blockchain. The platform seeks investment in companies with the potential to bring substantial returns for its investors with minimum risk. A highly qualified team of investment experts mitigates the associated risk to ensure maximum profitability.
The driving force behind the innovation in the VC Spectra platform is its native token, SPCT. It is a BRC-20 standard token built on the Bitcoin blockchain and follows a deflationary mechanism. In addition, the VC Spectra (SPCT) team has recently started paying out dividends to its investors during the public presale phase.
While its rivals struggled amid the bear market, the VC Spectra (SPCT) token jumped by 127.27% from $0.011 in Stage 2 to $0.025 in Stage 3. It marked another leap to $0.033, a 32% surge during Stage 3 as well. For reference, the price of SPCT in Stage 1 of the pubic presale was $0.008, which has since then surged by a stunning 312.5% to $0.033.
Experts predict a bright future ahead for VC Spectra (SPCT). The price of the VC Spectra (SPCT) token is set for a staggering 142.42% boost by the end of the public presale, making SPCT the best crypto to invest in.
Learn more about the VC Spectra presale here: