This year, Binance Coin’s (BNB) value trend has been essentially flat with sporadic changes. However, Polygon (MATIC) has been under pressure from bears, which has caused its value to drop. In the meantime, VC Spectra (SPCT), which raised $2.4 million in its personal/seed sale, is currently the highest-funded cryptocurrency. Additionally, it outperforms Polygon (MATIC) and Binance Coin (BNB) in their public presale periods thanks to its amazing advantageous qualities.
Sinking Binance Coin (BNB) Lower Than Authorised Points
BNB started purchasing and selling above $300 in Q2 2023. Nevertheless, the price fell to $273 on June 5 and to $231 on June 15, respectively, marking an annual low for Binance Coin. The lawsuit the SEC filed against Binance, BNB’s alternative, and Coinbase was the cause of the value decrease.
Binance Coin (BNB) hit a value of $260 on July 14, 2023, as a result of Ripple (XRP) receiving some compensation in its SEC case. But 24 hours later, Binance Coin’s (BNB) value reversed, and it has been falling ever since.
According to a Wall Street Journal article from August 28, Binance allegedly assisted in using cryptocurrency payments to sanction Russian institutions, which caused criticism for BNB.
On a positive note, Binance’s BNB Good Chain successfully completed a hard fork and community upgrade on August 30. Customers’ deposit and withdrawal capabilities were restored with the improvement, ensuring honest purchasing and selling. The occasion highlights Binance’s commitment to enhancing user experience and platform dependability.
The BNB coin value was $223 as of August 31; this represents an increase of 3% from the low of August 28 ($216). However, the value of Binance Coin has decreased as a result of Binance’s ongoing authorised points, and analysts believe it will continue to decline over the next few days.
Despite recent upgrades, Polygon’s (MATIC) value declines.
On August 8, Bitstamp said that it would soon stop trading for several common currencies, including Polygon (MATIC). Following the disclosure, between August 8 and August 28, the Polygon MATIC value decreased by 17%, from $0.663 to $0.545.
On more encouraging news, Sandeep Nailwal, the company’s founder, on August 28 significantly improved Polygon’s native coin, MATIC. MATIC from Polygon will transform into POL, a ground-breaking “third-generation” cryptocurrency. With no traditional restaking risks, the POL coin would offer multi-chain staking capabilities.
On August 29, the value of Polygon (MATIC) increased to $0.615. The price has retraced, though; as of August 31, it was $0.575. Analysts anticipate that due to SEC investigation and delistings, Polygon (MATIC) could fall below $0.400.
Rising Stronger With Each Presale Stage for VC Spectra (SPCT)
Due to its cutting-edge features and outstanding performance during the public presale, VC Spectra (SPCT) has attracted significant attention from the cryptocurrency community. The decentralized hedge fund is one of the greatest new cryptocurrencies at the moment since it offers a secure and transparent funding option.
VC Spectra (SPCT) employs cutting-edge AI algorithms and trading strategies to precisely identify the most viable options. Additionally, for seed/personal sales, consumers receive quarterly dividends, buybacks, and voting rights.
A BRC-20 token on the Bitcoin blockchain is called VC Spectra (SPCT). The coin enables asset management, decentralized buying and selling, and platform transaction fees. Stage 3 of the open presale for VC Spectra (SPCT) has a price of $0.025. Stage 2 token holders increased their holdings by 127.27% from $0.011 while Stage 1 traders gained 212.5% from $0.008 in profit.
