Are fans of Chainlink and Uniswap shifting their attention to these emerging cryptocurrencies?
Bullish sentiment about cryptocurrencies has led to a surge in the prices of top altcoins and brought new tokens to the forefront. One of these coins caused Chainlink (LINK) and Uniswap (UNI) investors to switch their investments.
What is this new coin threatening Chainlink (LINK) and Uniswap (UNI)?
Buy SPCT tokens now
summary
- Chainlink (LINK) could reach $20 in December.
- Uniswap (UNI) maintains a bearish trend.
- VC Spectra (SPCT) is in its final pre-sale phase and working to exceed its initial ROI target of 900%.
Chainlink (LINK) attracts investors with constant ecosystem updates.
On December 8, 2023, Chainlink (LINK) announced that the V0.2 Chainlink staking protocol has reached capacity. New participants and existing investors staked more than 40 million LINK tokens in previous staking versions. This Chainlink news sent Chainlink (LINK) up 8%, from $15.71 to $16.94.
Chainlink news also announced that Chainlink (LINK) investors who want to participate in Chainlink staking V0.2 will have to wait for existing investors to withdraw their staked LINK tokens.
From December 9th to 14th, Chainlink (LINK) fell 14% from $17.27 to $14.78. Market experts suggested on December 13 that Chainlink (LINK) was under tremendous selling pressure, with on-chain data from LookonChain. A single Chainlink (LINK) whale has been seen selling over $3 million worth of LINK tokens.
Following the whale sell-off, the Chainlink news indicates a decline in investor interest as trading volume declines. Additionally, Chainlink (RSI) headed south, while MACD showed a bearish crossover. Based on this information, experts suggested bearish market sentiment, forcing Chainlink (LINK) investors to look for other ways to invest.
Experts suggest that bulls could help LINK regain its bullish momentum following the launch of the expected zKEVM integration on Polygon Network, with Chainlink (LINK) trading at $14.97 on December 15.
As a result, bearish LINK forecasts show a drop to $14, while bullish forecasts suggest that Chainlink (LINK) price will reach $20 before the end of the year.
Uniswap (UNI) launches V3 for Bitcoin (BTC) connectivity
On December 11, Uniswap (UNI) announced a collaboration with Rootstock to connect the Bitcoin (BTC) network. Following the announcement, Uniswap price fell from $6.59 to $6.10.
From December 11 to December 14, Uniswap price fell from $6.59 to $6.29. Following the price drop, Uniswap (UNI) trading volume decreased noticeably.
Based on this information, experts expect market sentiment toward Uniswap (UNI) to be bearish and predict a continued decline in Uniswap price. As a result, analysts expect Uniswap (UNI) to fall to $5.5 before resuming its upward trend.
As Chainlink (LINK) and Uniswap (UNI) decline, investors are turning to a new coin, VC Spectra (SPCT).
VC Spectra (SPCT) continues to attract investors as its public pre-sale nears completion.
VC Spectra (SPCT) is an emerging DeFi cryptocurrency that is outperforming traditional DeFi companies by bringing decentralized hedge funds to the cryptocurrency market. The product aims to democratize asset management by raising money and inviting large numbers of investors willing to invest in prominent technology companies and new ICOs.
VC Spectra (SPCT) leverages AI and advanced trading techniques to achieve profitability. We also select companies and allocate investment capital based on the insights of professional investment experts.
VC Spectra (SPCT) investors use a smart contract platform to transparently monitor the progress of its operations. Additionally, VC Spectra’s native digital token, SPCT, grants investors voting rights to determine the direction of the fund. VC Spectra (SPCT) shareholders are also entitled to quarterly dividends and profit buybacks.
VC Spectra (SPCT) is holding a public pre-sale to attract investors at an initial price. Astute cryptocurrency enthusiasts are optimistic that listing on exchanges will do well. It also promises a 900% ROI in its public pre-sale to early investors.
The final round of pre-sales pushed VC Spectra (SPCT) up 862.5% from its original price of $0.008 to $0.077. Additionally, it continues to attract new investors with huge bonuses. SPCT is expected to reach or exceed its public pre-sale final target price of $0.08.
Learn more about the VC Spectra pre-sale here.