Zcash (ZEC) and Stellar (XLM) are losing support as investors pull funds from these top altcoins. With lower lows appearing on trading charts, traders look for a new coin to invest in and book profits. So, what is the best coin to invest in now?
We have researched on your behalf and found a new coin where you can invest with your eyes closed: VC Spectra (SPCT). Interested? Read on to learn more.
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Summary
Zcash (ZEC) faces a decline after the blockchain decided to decrease mining rewards.
Stellar (XLM) introduced Soroban smart contracts and has since been on the decline.
VC Spectra (SPCT) records an impressive 725% surge in Stage 4 of the presale.
Zcash (ZEC) is Diving Deep and Not Taking A Breather
Zcash (ZEC) has lost all support regions above $30 as of November 16 and has declined since its last surge to $34 in May 2023. Since May, ZEC has declined by more than 14.7% in November and is at $29 on November 16.
While there is no apparent reason for such a considerable loss of market interest, we can attribute part of it to the decreasing “mining rewards” for Zcash (ZEC) miners.
Like Bitcoin (BTC), Zcash (ZEC) also has a decreasing supply and reduces the amount of Zcash (ZEC) rewarded to miners over time. This may have resulted in less Zcash (ZEC) being mined.
Ultimately, Zcash (ZEC) is locked in a strong bearish trend that does not appear to break its momentum. Zcash (ZEC) is reaching its lowest lows with little to no large transactions. As a result, analysts are bearish for the token in the long run.
Stellar Price Prediction After Upgrade Announcements
Stellar managed to excite its community on November 13 after announcing that it is preparing for Protocol 20, its biggest upgrade, with the testnet scheduled to go live. The upgrade is expected to introduce Soroban smart contracts on Stellar (XLM).
The bullish XLM news has failed to move the needle on the price of Stellar. Stellar (XLM) is down 8.14% after its price fell from $0.1302 on November 14 to $0.1196 on November 16.
The decline in the price of Stellar (XLM) is partly because of the negative market sentiment. Stellar (XLM) enjoyed a rally after Ripple partially won a SEC lawsuit.
The prospects of Stellar (XLM) look bright as analysts gave a favorable Stellar price prediction. Analysts think that Stellar will rally in 2024. A conservative Stellar price prediction sees each XLM token trading at over $1 in the next bull run.
VC Spectra (SPCT) is on the Radar of Savvy Investors
VC Spectra (SPCT) is an asset management protocol and trading platform that empowers investors and invests strategically in fintech and blockchain projects. VC Spectra (SPCT) wants to democratize access to promising projects, leveling the playing field for new and experienced investors.
Investors can start their journey to success by investing in VC Spectra (SPCT). All they have to do is buy the VC Spectra (SPCT) tokens during the ongoing public presale. In Stage 4 of the presale, each VC Spectra (SPCT) token is going for $0.066, marking a 725% surge for investors.
Investors who bought VC Spectra (SPCT) in Stage will enjoy a return of 900% when the presale reaches Stage 6, and each token fetches a price of $0.08. Those who catch the early bird will strike gold with VC Spectra (SPCT).
Is VC Spectra the best coin to invest in? VC Spectra has huge upside potential and is on the radar of savvy investors who want to maximize their return on investment. In short, VC Spectra (SPCT) is the best crypto for beginners and experienced investors.
If you are interested in VC Spectra (SPCT), visit the links below and buy the presale.
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
The post Market Dynamics: Zcash and Stellar Face Challenges, VC Spectra Rises appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/market-dynamics-zcash-and-stellar-face-challenges-vc-spectra-rises/