In the days leading up to September 6, 2023, Monero (XMR) displayed a slight bearish movement. Meanwhile, Stellar (XLM) portrayed a contrasting movement by surging substantially during the same time. As these top altcoins compete for dominance, VC Spectra (SPCT) has garnered investors’ attention by raising $2.4 million during its private sale.
But what is VC Spectra (SPCT), and why might it be a promising cryptocurrency for beginners? Let’s find out.
VC Spectra (SPCT) Grows Remarkably as Presale Continues
VC Spectra (SPCT) is a decentralized hedge fund focusing on early-stage investments and ICOs. The platform employs ingenious trading strategies and artificial intelligence to identify promising investment opportunities. Besides providing its investors with sustainable returns, VC Spectra (SPCT) offers its users multiple ways to yield profit.
For instance, users can benefit from the appreciation of SPCT and monthly or quarterly dividends. In addition to this, if you are a VC Spectra (SPCT) token holder, you get access to further privileges such as voting rights and early access to new ICOs. Besides offering enticing perks to its token holders, VC Spectra (SPCT) has registered massive gains throughout its presale stages.
As of September 6, 2023, VC Spectra (SPCT) has progressed to Stage 3 of its presale at $0.025. This means that Stage 1 investors saw an impressive profit of 212.5% from the initial $0.008 price.
Similarly, if you invest in VC Spectra (SPCT) now, you will gain a 32% surge from $0.025 to $0.033 as the coin progresses to Stage 4 of its presale. Furthermore, if you act now, you can take advantage of VC Spectra’s limited-time offer of a 10% bonus on all deposits.
While VC Spectra (SPCT) has shown remarkable gains, Monero (XMR) seems to struggle.
Monero (XMR) Dwindles Following SEC’s Decision
On August 27, 2023, Bitmain announced it would soon release its ASIC miner, Antminer X5, for Monero (XMR). Experts speculated that this news might cause a bullish movement in XMR price by commercializing Monero (XMR) mining and increasing investors’ interest.
However, despite the positive predictions about XMR price, Monero (XMR) failed to surge. Between August 27 and September 6, 2023, the XMR price dropped by 4.86% from $144 to $137.
Analysts might attribute Monero’s (XMR) recent downtrend to a broader negative crypto sentiment due to developments like the SEC extending its decision on Bitcoin (BTC) ETFs. Seeing the downtrend, experts have warned that it might not be the right time to buy Monero (XMR).
But investors are still optimistic regarding an uptrend in the coming days. Because as of September 6, 2023, Monero’s (XMR) monthly indicators signaled a bullish development.
Interestingly, Stellar (XLM) portrays the completely opposite scenario.
Stellar (XLM) Surges Amidst Market Volatility
On September 2, 2023, Stellar XLM announced in a Twitter post that an exciting development was underway. In the social media post, Stellar XLM teased that “something cool” will be released ten days from now. Experts predicted a positive movement for Stellar (XLM) and speculated that Stellar XLM deliberately hid this development to generate enthusiasm and anticipation around the event.
These predictions proved to be correct as the Stellar coin surged by 7.95% from $0.1132 to $0.1222 between September 2 and 6, 2023. Experts might attribute the recent uptrend to surging investor interest and enthusiasm regarding Stellar’s (XLM) tweet.
However, despite the positive price movement, Stellar (XLM) displayed potential for bearish activity. As of September 6, 2023, Stellar’s (XLM) monthly indicators, especially EMA 30 and SMA 30, were negative, indicating that the coin might fall in the coming days.
Find out 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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
