The cryptocurrency market is showing signs of stagnation, and investors are analyzing the market, looking for stable and top-performing coins. As Ethereum Classic (ETC) and Monero (XMR) struggle to recover their uptrend, investors seek a better-promising DeFi coin.
Let’s explore Ethereum Classic (ETC), Monero (XMR), and the alternative crypto to buy.
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Summary
- Ethereum Classic (ETC) may fall to $17 or lower by February 2024.
- Monero (XMR) stagnates as experts predict a price fall.
- VC Spectra (SPCT) is in its final presale stage and is projected to surpass its $0.08 target.
Ethereum Classic (ETC) Loses Momentum In Its Q4 Rally
On December 5, 2023, Ethereum Classic (ETC) announced it would implement the Spiral upgrade to align its ecosystem to Ethereum’s (ETH) Shanghai upgrade. Following the announcement, the Ethereum Classic price surged by 4% from $19.95 to $20.75 the next day.
The cryptocurrency market turned bullish earlier last month, causing Ethereum Classic’s (ETC) price to rise. Consequently, Ethereum Classic price surged 12% to $23.27 on December 9, 2023, when it hit a resistance level.
Afterward, Ethereum Classic price started a downtrend, leading to a 21% dip to $18.40, which has quickly retraced to $21.20.
With the bears in control, Ethereum Classic (ETC) fell in traded volumes as investors left it for other, more profitable tokens. Hence, experts suggest a bearish market sentiment, with the potential for Ethereum Classic (ETC) to reach $17 or lower by next month.
Read more: Review Ethereum Classic – Difference between Ethereum and Ethereum Classic
Monero (XMR) Q4 Performance Leaves Investors Unenthusiastic With Its Future
Following the European Central Bank’s recognition of privacy crypto coins, Monero (XMR), a leading privacy coin, rose by 11% from $162.19 to $180.75 from October 29, 2023, making it to the top altcoins to watch list. Despite moving
However, the XMR price failed to maintain the uptrend, falling 19% to $147. Based on the prevailing XMR price movements and the low XMR trading volume numbers, experts suggest that Monero’s (XMR) community may be abandoning it and looking elsewhere for growth and profits.
While Monero (XMR) remains among the top 10 altcoins for its privacy capabilities, now is not a good time to buy Monero (XMR). Market experts suggest a bearish sentiment for Monero (XMR) and predict continued loss of interest from investors. Based on this information, experts predict XMR price may fall to at least $140 by next month.
With the bearish trend in Ethereum Classic (ETC) and Monero (XMR), investors are attracted to VC Spectra (SPCT).
VC Spectra (SPCT) Benefits From Market Stagnation
The newest entrant to the cryptocurrency market, VC Spectra (SPCT), benefits from the prevailing weakness in the crypto market by attracting new investors to its public presale. Despite the negative sentiment on presales, VC Spectra (SPCT), a decentralized hedge fund, has garnered numerous investors due to its 900% ROI promise. Moreover, VC Spectra (SPCT) pools funds from worldwide investors to invest in tech and crypto projects.
Moreover, VC Spectra’s (SPCT) unique features, such as AI integration, incorporation of finance experts, and algorithmic and systematic trading strategies, invite investors to buy into its future.
Additionally, VC Spectra (SPCT) promises a financial turnaround for its shareholders by offering quarterly dividends and lucrative buyback programs with its investment profits. Moreover, VC Spectra (SPCT) provides voting rights, a digital currency, SPCT, for transactions in its ecosystem, and exclusive information on new ICOs.
Its attractive features have resulted in massive investor uptake of its tokens in the advancing public presale. Consequently, VC Spectra (SPCT) has seen a stage-by-stage price rise, resulting in an 862.5% rise from $0.008 in Stage 1 to $0.077 in Stage 5.
With the presale in its final stage, VC Spectra (SPCT) continues to lure new investors with a weighty bonus. Furthermore, its price trajectory enhances investor optimism as it may reach and surpass its $0.08 price target.
Learn more about the VC Spectra presale here:
| DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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