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This happens amid increased interest in SOL; the SPCT initial presale is nearing completion and is poised to surge 10x. Meanwhile, BCH bulls take charge of the market, and LINK climbs above the March low.
Recent Datasets Show that Solana’s (SOL) NFT is Gaining Traction
A big percentage of Solana’s (SOL) NFT metrics witnessed growth recently, demonstrating optimism for the crypto space. A few days ago, an analyst tweeted that Solana (SOL) NFTs witnessed a gain in the overall number of transaction counts.
Amidst these developments, enthusiasts celebrated as Solana’s (SOL) price registered a bullish sentiment. However, analysts noted the trend was likely short-lived due to price volatility. But that wasn’t to be as Solana’s (SOL) open interest rose. Moreover, Solana’s Binance funding rate remained high, displaying increased demand in the derivatives market.
Positive sentiment on Solana (SOL) remains dominant if market data from the last 24 hours is anything to go by. Solana (SOL) registered a 14.56% surge to reach $18.61. According to experts, Solana (SOL) could surge by 62.26% and reach $28.65 by the end of July.
VC Spectra’s (SPCT) Risk Management Principles Protect Interests
VC Spectra (SPCT) is a decentralized hedge fund driving change in the technology and blockchain space. Transparency and accountability are at the heart of the platform. Furthermore, VC Spectra (SPCT) offers users access to promising projects while guiding them to ensure they infuse responsibly and ethically.
VC Spectra (SPCT) has adopted a sustainable development approach to ensure users have long-term access to various profitable blockchain ventures. Moreover, VC Spectra (SPCT) evaluates projects extensively, helping users maximize their profits and reduce risks.
The VC Spectra (SPCT) is a BRC-20 standard token used for asset management, exchange, transaction fees, and decentralized trading on the Spectra platform. It employs a deflationary model and features a burn mechanism, scaling down token circulation over time.
The cherry on top: VC Spectra (SPCT) is in stage 1 of its public presale and is trading at $0.008, with a target price of $0.08.
Bitcoin Cash (BCH) Is Taking the Crypto Space by Storm
Bitcoin Cash (BCH) recently witnessed an upward trend. However, users could not immediately determine whether the trend would last. Bitcoin Cash (BCH) has since entered the overbought space, but Bitcoin Cash whales are still actively buying.
Bitcoin Cash (BCH) recently witnessed an uptrend to trade at $234, representing a massive 115% surge in a week. More importantly, Bitcoin Cash (BCH) remains dominant, with data from the last 24 hours showing a 32.15% surge to trade at $302.43. This surge has been attributed to rising social interest in Bitcoin Cash.
Analysts project Bitcoin Cash (BCH) will continue with the bullish momentum to register a 100.27% surge and reach $510.89 by the end of July.
Chainlink (LINK) Rises Above Its March Low
Chainlink (LINK) recently demonstrated a bullish trend, surpassing its March low of $5.917. However, a bearish Order Block (OB) appears between $6.0 – $6.3 on the daily chart, limiting Chainlink bulls’ leverage beyond $6.3.
The intersection of Chainlink’s (LINK) March low and this bearish OB could negatively affect LINK’s price, potentially pushing it down toward the previous range high of $5.4. However, if Chainlink (LINK) can break past $6.3, the next targets for Chainlink bulls in the near term are $6.66 and $7.7.
Even though open interest rates recently increased, Chainlink’s Cumulative Volume Delta (CVD) has significantly decreased. Both metrics have slightly declined since, suggesting a short-term bearish sentiment for Chainlink. Despite this, LINK has seen a 5.11% surge in the last 24 hours, currently trading at $6.17.
Analysts project that the value of LINK will rise by 30.67% to reach $7.93 by the end of July.
Learn more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.