The crypto industry seems to be cooling off after pumping from October. Crypto exchange: Crypto.com launched derivatives products, including Bitcoin Cash (BCH) on November 13. On November 12, Monero (XMR) only wallet Monero.com announced that its installs had gone up by 30%. As both Bitcoin Cash (BCH) and Monero (XMR) decline, investors are turning to VC Spectra (SPCT), a new project that raised $2.4 million during its private seed sale.
Is SPCT the best bet over BCH and XMR?
Summary
- BCH is down 3.3% in two days.
- Analysts predict a drop to $135 for XMR.
- SPCT surges from $0.008 in Stage 1 to $0.066 in Stage of the presale.
Is Bitcoin Cash a Good Investment?
Is Bitcoin Cash (BCH) the best crypto to buy now? Cryptocurrency exchange Crypto.com announced on November 13 that it was introducing new derivatives products, including Bitcoin Cash (BCH).
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Is this set of Bitcoin Cash news bullish, and how will it impact the price of BCH? It must be noted that the newly launched Bitcoin Cash (BCH) derivatives product carries inherent risk. Bitcoin Cash (BCH) is down 0.96% after the price of BCH marginally decreased from $236.68 on November 13 to $234.39 on November 14.
Analysts have given a neutral Bitcoin Cash price prediction as they expect BCH to trade between $225 and $250 until the end of the year. Is Bitcoin Cash (BCH) a good crypto to buy? Analysts say Bitcoin Cash (BCH) is a good crypto to buy for long-term hold.
Monero (XMR) Price Prediction as Wallet Installs Increase
Monero.com, a Monero (XMR) only wallet, announced on November 12 that the number of wallet installs had increased by 30% in the prior week. Does this mean Monero (XMR) is in demand and the best crypto investment?
Did this have an impact on the price of Monero (XMR)? Monero (XMR) is 3.3% down as XMR fell from $168.68 on November 12 to $162.99 on November 14. Analysts are not optimistic about Monero (XMR) as they predict that the crypto asset will continue to trade in this range.
In the best-case scenario, Monero (XMR) is projected to reach $186 by the end of the year. Conversely, Monero (XMR) can drop to $135 this year. Does this make Monero (XMR) a good crypto to buy? Analysts are neutral as there is more downside potential.
VC Spectra (SPCT) is on the Rise
Is VC Spectra (SPCT), a new decentralized hedge fund and asset management protocol, the best crypto investment? VC Spectra (SPCT) wants to revolutionize the crypto industry by leveraging AI to make profitable investments in new ICOs.
Moreover, VC Spectra (SPCT) wants to democratize crypto investments by making it easy for all investors to get in on the act. Holders of SPCT, the native token of the VC Spectra ecosystem, are rewarded with several perks that include quarterly dividend payouts.
VC Spectra (SPCT) has performed remarkably well during its presale, surging from $0.008 in Stage 1 to $0.066 in Stage 4. This marks a surge of 725%. Furthermore, Stage 1 investors are expected to make a 900% gain when VC Spectra (SPCT) reaches or exceeds the initial forecasted price of $0.08 in Stage 6 when the presale ends. Is VC Spectra (SPCT) the best crypto to buy? Analysts think so.
Learn more about the VC Spectra presale here:
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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