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The New Cryptocurrency Phenomenon Attracting Solana And THORChain Enthusiasts With Its Explosive Growth Potential

Discover the latest sensation: A new cryptocurrency drawing the attention of Solana (SOL) and THORChain (RUNE) enthusiasts. Dive into the excitement of this emerging crypto phenomenon!

The New Cryptocurrency Phenomenon Attracting Solana And THORChain
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Solana (SOL) and THORChain (RUNE) experience an increase in on-chain activity. However, there is a new project that is drawing the attention of the investors of the two established cryptocurrencies.

Why do Solana (SOL) and THORChain (RUNE) investors think this new entrant is a good crypto to buy? Let’s find out!

Summary

  • SOL crypto price can reach $414.88 in 2024.
  • THORChain (RUNE) might reach $20.45 next year.
  • VC Spectra (SPCT) attracts investors with massive gains and excellent offerings.

SOL Crypto Price: Solana’s TVL Soars Past $600 Million

A December 4, 2023 report revealed that Solana’s (SOL) total value locked (TVL) had reached $655 million. This represents a 101% increase from the level barely two months ago. While it is not the highest ever, it is the highest in over a year.

This massive increase in TVL suggests Solana (SOL) is recovering after it was severely impacted by FTX’s crash in late 2022.

A development that has contributed to Solana’s (SOL) improved TVL is the increased activity on liquid staking platforms like Jito and Marinade Finance.

However, since the report was released, the SOL crypto price has suffered a retracement from $63.04 to $60.64. This is a 3.8% slump. Analysts say this correction is a precursor to another surge.

They might be right because the Solana price prediction for 2024 is $414.88. Solana’s (SOL) TVL and associated network indicators are expected to continue on an uptrend as investors begin trusting the project again. This is expected to drive Solana’s surge next year.

THORChain (RUNE) Achieves Trading Volume Milestone

A November 13 report revealed that THORChain’s (RUNE) DEX volume hit $1.32 billion. This boosted the protocol to the third-largest DEX by trading volume, past Curve Finance, and only topped by Uniswap and PancakeSwap.

Analysts initially predicted that THORChain (RUNE) would cross Curve Finance by the end of 2023. But it has happened almost two months earlier.

THORChain’s (RUNE) popularity has risen because of its compatibility with various chains. This has made it a popular DEX for transacting Bitcoin. THORChain (RUNE) accounted for 2% of the entire spot Bitcoin transaction volume the day before.

Since the report was released, THORChain’s (RUNE) price has gained 25%, increasing from $5.14 to $6.42. Analysts say the increased network activity has led to increased demand for RUNE, consequently driving the price up.

If this trend continues during the predicted bull market in 2024, analysts predict THORChain (RUNE) could reach $20.45 next year. Therefore, THORChain (RUNE) is one of the altcoins to watch.

VC Spectra’s (SPCT) Unique Features Attracts Investors

VC Spectra (SPCT) is the new cryptocurrency the crypto community is excited about. The protocol offers the best blockchain investment experience. Investors can invest in early-stage blockchain startups, promising Web3 ventures, and specialized crypto niches with VC Spectra (SPCT). They can also trade arbitrage and stake and lend their crypto assets.

Another reason VC Spectra (SPCT) is attracting investors is because of its spectacular surges. Since VC Spectra’s (SPCT) public presale began, the price has soared 862.5%. Fortunately, there are more surges expected. VC Spectra (SPCT) will surge past 1000% before the presale ends.

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To benefit from the future surge, you need to purchase the VC Spectra (SPCT) token at the current price of $0.077. SPCT is a BRC-20 standard token used for exchange, decentralized trading, asset management, and transaction fees on the VC Spectra platform. It also has a burn mechanism that reduces supply over time.

In addition to profit from price gains, SPCT holders can access exclusive pre-ICOs, earn quarterly dividends, and exercise voting rights.

All these are why Solana and THORChain investors think VC Spectra (SPCT) is the best new crypto to invest in.

To learn more about VC Spectra (SPCT), visit:

Twitter: https://twitter.com/spectravcfund

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