Bitcoin

VC Spectra Tears Through Arbitrum, and Monero In 2023

Arbitrum experienced rapid growth in its userbase after the launch of its ARB tokens, but its price has been on a decline. Similarly, Monero (XMR) has succeeded in retaining its bull run gains in the early days of July, but it seems to be struggling to break through the $170 level. Amid these rises and falls, a hot new crypto called VC Spectra (SPCT) is rapidly capturing the attention of investors. It is currently on its public presale, and more than 75% of the SPCT tokens available in Stage 1 of the presale have been snapped up by investors.

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VC Spectra (SPCT) Exceeds Investors’ Expectations

As far as utility goes, VC Spectra (SPCT) has a lot to offer to the blockchain industry. This platform is a decentralized hedge fund that aims to drive innovation in the blockchain, fintech, and DeFi spaces through strategic investments. VC Spectra (SPCT) invests users’ capital in promising web3 startups, ICOs, private seed sales, and high-potential blockchain projects.

As an SPCT holder, you get consistent quarterly rewards and profits from buybacks of profitable blockchain investments. You also get access to exclusive ICOs, and voting rights in future PCT decisions. To ensure maximum success and minimal losses, the platform uses algorithmic and systematic trading to leverage daily market movements for greater profits.

VC Spectra (SPCT) has completed over three-fourths of its first presale stage, and the token is presently selling for $0.008. When the second presale stage starts, the token will sell for $0.011 which will represent a 37.5% increase from its current price. Soon, VC Spectra (SPCT) will launch in the open crypto market and the token will sell for $0.08. Early investors will benefit from a 900% surge in their VC Spectra assets after it goes live on exchanges.

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Arbitrum (ARB) Price Flattens Regardless of High User-Adoption After DAO Airdrop

In March this year, the Arbitrum Foundation airdropped its new ARB tokens to eligible users in its community. The airdrop marked Arbitrum’s (ARB) shift into a decentralized autonomous organization (DAO) and gave ARB token holders the power to vote on key Arbitrum decisions.

A few months have passed since the token airdrop, making it a good time to look at its effects on the Arbitrum (ARB) community. According to on-chain analytics firm Nansen, the Arbitrum platform recorded a surge in the number of new users, daily active user count, transaction figures, and all other metrics in the months following the airdrop.

Regardless of these major wins, Arbitrum (ARB) is currently trading at $1.12, a 37% drop from an all-time high of $1.78 in April. Not only that, its price has dropped by almost 5% in the past week after starting the week at $1.1771.

These changes indicate a gradual decline in investor interest. Needless to say, ARB is facing stiff competition from other upcoming cryptocurrencies, such as the increasingly popular VC Spectra (SPCT).

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Monero (XMR) Sustains Gains from June 2023 Price Pump

In the second half of June 2023, the crypto market was in decline, but Monero (XMR) went against the grain and recorded a huge price pump — in just two weeks, Monero (XMR) jumped by 19% from $138 to $171. Many experts attribute the Monero (XMR) price surge to significant whale activity. Big-money players were betting on tokens to invest in the second half of 2023, and Monero (XMR) made the list.

While Monero (XMR) has been able to keep its gains from this pump, it has remained stagnant since the beginning of July. Monero (XMR) has been fluctuating within the $160 to $168 range for the past seven days, and whether it can push past the $170 barrier remains to be seen.