Volatility in the crypto market makes it an exciting market to be part of. The market has turned bearish weeks after starting on a bullish trend. Consequently, investors jump to the best crypto to invest in while abandoning their earlier choices due to the trend reversal. Arbitrum (ARB) and Polkadot (DOT) are some coins investors are fleeing.
Which coin are investors choosing over Arbitrum (ARB) and Polkadot (DOT)?
BUY SPCT TOKENS NOW
Summary
- Arbitrum (ARB) is bearish, but projections show it will rebound to trade between $1 and $1.3 before the year ends.
- Polkadot (DOT) falling to $5.
- VC Spectra (SPCT) continues to attract investors from falling coins with a massive ROI promise.
Arbitrum (ARB) Launches Self-Managed Chain Technology
In a bid to attract more users and increase its TVL and price, Arbirtum (ARB) launched Arbitrum Orbit on October 27. Arbitrum Orbit enables DApps developers to build independent chains that run on any of Arbitrum’s (ARB) layer-two networks. Consequently, the Arbitrum price jumped 3% from $0.93 to $0.96 on October 31.
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The Arbitrum (ARB) rally continued in November, with the Arbitrum price moving from $0.94 to $1.15, representing a 22% rise between November 1 and 13. The rally stopped as sellers overcame buyers at this price level, resulting in a bearish move. Arbitrum (ARB) lost 9.5% to change hands at $1.04 on November 18.
Based on this information, market experts consider Arbitrum (ARB) bearish. Furthermore, technical indicators such as the MACD support the claim as the price chart shows the Arbitrum price falling to the $0.9 support.
Furthermore, experts suggest the bearishness is short-lived, and Arbitrum (ARB) will rebound to end the year between $1.1 and $1.3.
Can Increasing Network Development Boost Polkadot (DOT) Price?
Polkadot (DOT), one of the top altcoins in the crypto market, continues to develop its network, as shown in the Santiment core developer count report on November 8. After the report showed increasing developer numbers and activity, the Polkadot (DOT) price rose from $4.93 to $5.05
Polkadot (DOT) recently rallied upwards, influenced by the rising market. It gained 10% in October as its price moved from $4.10 to $4.52. The Polkadot (DOT) rally continued in November, as its price moved from $4.45 to $5.70, gaining 28% between November 1 and 13.
Despite the significant developer commitment, the Polkadot price failed to sustain its recent rally and started a downward trend, losing 10% to trade at $5.12 on November 18. Consequently, market experts rated Polkadot (DOT) bearish.
The drop in the Polkadot price was accompanied by a dip in trading volume and Open Interest derivatives, signifying that Polkadot (DOT) would remain bearish for a while. Based on this information, the Polkadot price prediction given by analysts shows the Polkadot price may reach $5 as November ends.
VC Spectra (SPCT) Attracts Investors From Losing Coins With Massive ROI
With Arbitrum (ARB) and Polkadot (DOT) unable to decouple from the crypto market, investors are looking for a top crypto to deliver gains. Consequently, they are gravitating to VC Spectra (SPCT), one of the top DeFi companies in the crypto market right now.
While it is a new entrant, VC Spectra (SPCT) is a unique DeFi project since it is a decentralized hedge fund pooling investor funds to invest in tech and blockchain ventures. It enables ordinary investors worldwide to invest in these two lucrative sectors, mostly a preserve of high net worth investors.
Utilizing AI and systematic and algorithmic trading, VC Spectra (SPCT) ensures investor funds are wisely invested and well-managed to return a profit. From the profits, investors receive quarterly dividends and profit buybacks.
Furthermore, VC Spectra (SPCT) offers a native digital currency to enable shareholders to vote, trade, and access exclusive new ICOs.
To become a shareholder, investors buy VC Spectra (SPCT) tokens in the ongoing multi-stage public presale, which is in the fourth presale stage. SPCT costs $0.066, a 725% surge from $0.008 in stage one.
New investors can earn similar profits by the time the public presale ends. Early price projections estimated VC Spectra (SPCT) would reach $0.08 in the final stage. However, investor demand and recent price surges show the final price and ROI will be higher than expected.
Also, all new investors receive a momentous bonus upon investing.
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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Source: https://thecryptobasic.com/2023/11/21/crypto-trend-are-arbitrum-arb-and-polkadot-dot-users-migrating-to-an-ascendant-digital-currency/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-trend-are-arbitrum-arb-and-polkadot-dot-users-migrating-to-an-ascendant-digital-currency