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Tether (USDT) is stepping into the realm of Bitcoin mining and generative AI with a new venture. On the other hand, Solana (SOL) is facing competition from popular new entrants and fighting to keep its place.
Is a growing project like VC Spectra (SPCT), which has already raised $2.4 million in its private sale, the best new crypto to invest in right now? Before discussing why that might be the case, let’s analyze what is happening with Tether (USDT) and Solana (SOL).
Summary
● Tether’s (USDT) market cap is expected to grow following its new partnership with Northern Data Group.
● Solana’s (SOL) TVL has fallen behind Base Protocol’s.
● VC Spectra’s (SPCT) new investors should enjoy 1.4x returns by the end of its presale.
Tether (USDT) Makes a Major Investment in Bitcoin Miner
On September 21, Tether published a blog post discussing its recent investment in Northern Data Group. Besides providing Bitcoin mining services, Northern Data Group specializes in high-end data and computing services. Tether emphasized this investment’s importance in projects involving AI and P2P communications.
This partnership should help both entities grow. Tether (USDT) should particularly benefit from having a larger footprint through its upcoming projects outside the realm of the crypto space.
As one of the largest cryptocurrencies, and in the context of this positive news, analysts may expect Tether’s (USDT) market cap to exceed $100 billion by mid-2024.
While Tether (USDT) grows, Solana (SOL) is not having the best time.
Solana (SOL) Falls Behind Base But Still Has a Positive Outlook
Around September 22, Base Protocol (BASE) surpassed Solana (SOL) in terms of the total value locked on the network. Around this time, Base Protocol had around $400 million in TVL, while Solana rested at around $360 million. This Solana news comes after Base Protocol nearly doubled its TVL in the month leading up to September 22.
Following this loss to BASE, the SOL crypto price fell from $19.62 on September 22 to $19.50 on September 23, with a marginal 1% decrease.
However, Solana’s investors should not worry too much about this momentary setback in the SOL crypto price. Given Solana’s excellent position in the crypto market, you can expect it to gain ground in the coming days while maintaining its status as one of the top altcoins. Experts predict that the SOL crypto price may rise as high as $20.8 by the end of 2023.
But Solana (SOL) is not the only project worth investing in. Projects like VC Spectra (SPCT) also present an excellent investment opportunity to investors.
VC Spectra (SPCT) Investors Can Expect Their Investments Doubled and More
VC Spectra (SPCT) is a decentralized asset management platform connecting the world of finance and the blockchain. A diversified investment portfolio helps SPCT grow its investors’ wealth and maintain sustainable returns.
You can get a part of those returns by investing in SPCT. 40% of the returns that VC Spectra gets from its portfolio funds is directed to dividends for its investors. Besides dividends, VC Spectra investors can also benefit from SPCT’s deflationary burn mechanism that increases the coin’s scarcity over time.
But you do not have to wait long to enjoy gains from VC Spectra. For instance, SPCT’s Stage 1 investors have gained a massive 312.5% from $0.008 to $0.033 by Stage 3 of the presale. If you invest now, you can enjoy a 142% gain of $0.08 by the time the presale is over. Plus, you can benefit from the limited-time offer of a 50% bonus on your deposits.
VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
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