In the latest stories, Optimism (OP) has adopted a new name of OP Mainnet in an unprecedented move. Additionally, there’s talk about a potential trend reversal for AVAX. Finally, VC Spectra (SPCT) has also entered its presale stage and is all set for a 900% surge. Let’s dive a little deeper into the details!
Optimism (OP) Changes Name: A Step Towards Becoming a Super Chain
Optimism (OP) has changed its name in a surprise announcement. This decision was announced on the main Twitter handle along with a tweet explaining the implications and motivation behind the decision.
The new name adopted by the Optimism (OP) blockchain is “OP Mainnet.”
The reason behind this sudden name change is to be more in line with Optimism’s (OP) long-term goals of creating a Super Chain. Optimism (OP) currently encompasses about $1.35 billion after providing optimistic rollups to the Ethereum network.
The Optimism (OP) token is seeing positive action on daily and hourly graphs while looking historically. The Optimism (OP) token saw a rise of 4.51% from the trading price of $1.27 to $1.33 immediately after the announcement.
As market data indicates, the bullish trend because of the announcement is still ongoing. However, we see repeated testing for resistance levels of $1.35. For now, the daily graph is holding strong above the major support region of $1.27.
This can translate to several scenarios. However, any breakthrough below this price will trigger a bear market that can fluctuate the price of the coin between 5-10%.
Avalanche (AVAX): Are We Witnessing a Trend Reversal?
Avalanche (AVAX) has just broken out of a critical resistance area and surged more than 17% to $13.40 from $11.44 in the weekly charts. This trend indicates that Avalanche (AVAX) is undergoing a trend reversal and may reach the key resistance areas of $15 on a monthly chart.
Avalanche (AVAX) has held over $5 billion in market cap and maintained a $136 million daily trading volume in the weekly charts making Avalanche (AVAX) slightly bullish for the long term.
However, there are indications of a “bearish divergence,” suggesting a diminished momentum behind Avalanche (AVAX). This is reason enough to believe that part of Avalanche’s (AVAX) ground-breaking performance is losing the market’s interest, which may lead to some bear action soon.
Avalanche (AVAX) appears to be oversold, which often anticipates the transition from a bullish to a bear market. These conflicting signals make the trajectory of Avalanche (AVAX) uncertain, and we should monitor these indicators for better anticipation of another trend reversal.
VC Spectra’s (SPCT) Start of Presale: Worthy of Investment for 2024?
VC Spectra (SPCT), a decentralized hedge fund backed by various investment portfolios and empowered by ICOs, is now entering its presale stage. Stage 1 of the presale enables users to purchase 125 million VC Spectra (SPCT) tokens directly.
VC Spectra (SPCT) offers a presale price of $0.008 per token and a launch price target of $0.08. This marks a net profit of 900% or 10X the initial investment. The VC Spectra (SPCT) presale has already gathered about $2.3 million in seed/private presale events.
With the latest innovations and a versatile investment portfolio, VC Spectra (SPCT) is flying high. The investors own about 50% of its VC Spectra (SPCT) assets and the right to vote for potential investment decisions.
Additionally, the ICOs are offered as part of the investment program to the VC Spectra (SPCT) token holders, making them the early adopters of the newest blockchain project.
If you are looking for investment solutions in VC Spectra (SPCT), now would be a good time to check out their offerings on the VC Spectra (SPCT) website.
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
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