The recent downturn in THORChain (RUNE) has prompted investors to shift their focus towards two promising alternatives: Blur (BLUR) and VC Spectra (SPCT). While THORChain experienced a drop in value, Blur has gained investor confidence with significant token acquisitions. On the other hand, VC Spectra continues to soar to remarkable heights in its presale.
Why are investors backing these top crypto coins over RUNE? Let’s explore the full details!
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Summary
- The price of THORChain (RUNE) is predicted to drop to $5.02 by November 31.
- Blur’s price (BLUR) is expected to reach $1.03 in 2024.
- VC Spectra (SPCT) keeps surging during its ongoing presale.
Markey Turbulence Dampens THORChain’s (RUNE) Partnerships
On November 15, 2023, THORChain (RUNE) made a significant development by integrating a decentralized identity provider (DID) platform and forming a partnership with Zapper. This integration aimed to simplify user interaction and enhance the platform’s functionality.
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As a result of this news, THORChain (RUNE) experienced a 25.10% increase in its value. Within 24 hours, the price of THORChain (RUNE) rose from $4.90 to $6.13.
However, the upward trend in THORChain’s (RUNE) value was short-lived due to the prevailing market volatility. Between November 15 and 24, the price of THORChain (RUNE) dropped by 6.52%, reaching $5.73.
Furthermore, industry experts predict that if the market volatility continues, the value of THORChain may experience further declines. Their projections suggest that the altcoin price will drop to $5.02 by November 31.
Growing Investor Confidence Boosts Blur’s (BLUR) Prospects
On November 21, 2023, Lookonchain, an on-chain data tracker, reported that 19 addresses acquired a total of 51.3 million BLUR tokens, valued at $21 million. This significant purchase followed an earlier distribution of 85.69 million BLUR tokens, worth $27.25 million, among ten wallets.
The news of these acquisitions sparked enthusiasm among the BLUR community, resulting in an 18.18% surge in the token’s value. Within 24 hours, the price of BLUR increased from $0.33 to $0.39.
The positive momentum for BLUR continued over the subsequent days. Between November 21 and 24, the price of BLUR further appreciated by 69.23%, reaching $0.66.
With growing investor confidence, industry experts are optimistic about the future prospects of BLUR. They predict that the BLUR token’s value could potentially surge to as high as $1.03 next year, making it one of the best coins to invest in.
VC Spectra (SPCT) Redefines Crypto Investment
Following the recent decline in THORChain’s (RUNE) value, investors are redirecting their attention towards VC Spectra as it continues to experience significant growth during its ongoing public presale. VC Spectra has emerged as an attractive investment option for those seeking both high returns and a values-driven approach in the cryptocurrency market.
VC Spectra (SPCT) stands out as a pioneering force in the blockchain space, aiming to address the longstanding challenges faced by traditional blockchain systems. This decentralized hedge fund distinguishes itself by prioritizing scalability, security, and usability, making it one of the best altcoins in the market.
Investors who choose VC Spectra (SPCT) gain access to a wide range of investment options within its ecosystem. They can opt to invest in individual projects or select funds managed by experienced professionals. The platform’s transparency empowers investors to track their investments and make well-informed decisions.
Moreover, VC Spectra’s native token, SPCT, has exhibited remarkable growth throughout its public presale stages. In Stage 5, SPCT witnessed an astounding 862.5% increase from Stage 1, reaching a value of $0.077. This exponential growth has surpassed initial expectations, leading to projections that SPCT will exceed the projected value of $0.080 by the conclusion of the presale.
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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/2023/11/28/in-the-wake-of-thorchain-runes-downturn-investors-focus-shifts-to-blur-and-vc-spectra/?utm_source=rss&utm_medium=rss&utm_campaign=in-the-wake-of-thorchain-runes-downturn-investors-focus-shifts-to-blur-and-vc-spectra