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Sui (SUI) has enabled liquid staking. Meanwhile, the EOS Network Foundation sues Block.one over a failed billion-dollar commitment. VC Spectra (SPCT) has many people excited about its prospects, while Polygon has published a proposal to upgrade its MATIC tokens to POL.
Will these events affect how fast the tokens get to $1? Keep reading as we explore these projects to answer the questions.
Liquid Staking Upgrade Hardly Affects The Sui (SUI) Price
On August 2, 2023, Sui (SUI) launched an update that will make liquid staking possible on the network. The upgrade will let developers provide token holders with services that allow them to get derivative tokens based on the value of their staked SUI tokens.
On the day after the launch, SUI fell by 3.4% from $0.614 to $0.593. The bear run continued with a short rally between August 10 and 12. SUI fell to $0.475 during last weekend’s bear market, losing 22.6% between August 2 and 17.
However, the price rebounded to $0.532 by August 22. In addition, CoinCodex predicts that Sui could get to $1 in 2024.
ENF Sues Block.one Over $1 Billion Failed Commitment to EOS
On July 27, ENF filed a suit against B1 for failing to redeem its $1 billion investment pledge to the EOS protocol. The foundation said that B1’s actions jeopardized the EOS community.
The immediate impact of this was a slight 1.2% increase in the EOS (EOS) price from $0.743 to $0.752 between July 27 and 29. However, after July 29, EOS remained bearish throughout August, eventually falling to $0.565 on August 18. This represented a 24% dip since July 27.
As of August 22, EOS is valued at $0.563, falling below its lowest over the weekend. According to CoinCodex, EOS is not expected to reach $1 until after 2025.
Presale Success: VC Spectra (SPCT) On Course To Hit $1 Soon
VC Spectra (SPCT) is a decentralized asset management protocol and trading platform that aims to provide investors with a secure, transparent, and profitable investment experience.
With a vision to democratize investment in Web3, SPCT has attracted the attention of investors who believe in the project.
The promises of transparency, access to profitable blockchain ventures, a long-term development approach, and reduced risk have helped to create excitement around VC Spectra.
Also, owning VC Spectra’s token, SPCT, lets you benefit from quarterly dividends, gives you access to exclusive pre-ICOs, and confers you with voting rights.
This is why VC Spectra raised $2.4 million in its private seed sale round. And it is why the public presale is selling out fast. VC Spectra’s public presale is in Stage 3. The price at this stage rose from $0.011 to $0.025, a 127.27% increase, to keep up with demand.
Better yet, purchasing VC Spectra at this stage means you’ll benefit from the 220% surge at the end of the presale. Experts anticipate that VC Spectra will rise further as soon as it reaches major exchanges, reaching $1 by the end of 2023.
Polygon Considers Switching From MATIC to POL
On July 13, Polygon founders and researchers advocated replacing the network’s MATIC token with POL, allowing POL to act as a single token for all Polygon-based networks. Current Polygon holders will be given four years to upgrade their tokens.
Between July 13 and 22, MATIC price increased by 6.6% from $0.724 to $0.770 as a result of the news. After two days of fluctuation, Polygon went on a bear run from July 25 that lasted throughout August and got worsened by last weekend’s bear market.
As of August 22, Polygon is valued at $0.538. This means Polygon (MATIC) has lost 25.7% since July 13. Yet, CoinCodex predicts that MATIC could reach $1 before the end of 2023, making it a tie between MATIC and SPCT!
To learn more about VC Spectra, visit:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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