The crypto markets are showing signs of strength after the SEC vs. XRP ruling. Moreover, experts predict the US Federal Reserve to start reducing interest rates in the coming months. The global financial markets have also started to recover after a tumultuous few years. Crypto traders are bracing themselves for the upcoming crypto bull run. Experts have picked VC Spectra (SPCT) as their top pick, ahead of Monero (XMR) and Hedera (HBAR). Let’s understand why.
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Monero (XMR) Drops After Delisting on Binance Europe
The European Union is working hard to formulate a regulatory framework for cryptocurrencies since June 2022. In September 2022, Huobi Global delisted Monero (XMR) and other privacy coins in Europe.
As a part of the EU regulatory requirements, Binance also decided to delist Monero (XMR) along with several other privacy tokens in four European countries on June 26, 2023. The countries where Binance delisted Monero (XMR) are France, Spain, Italy, and Poland.
The delistings have had a negative impact on the price of the Monero (XMR) token. Monero’s (XMR) price has dropped by 7.8%, from $168.92 on July 4 to $155.69 on August 16.
The chances of Monero (XMR) price rising in the coming months are not high according to analysts.
Hedera (HBAR) Consolidates After A Massive Surge
On August 2, 2023, Hedera (HBAR) was integrated into its Mastercard payments by Fresh Supply Co. Moreover, on August 10, the Hyundai and Kia motor company incorporated Hedera (HBAR) into their Supply Chain Carbon Emission Monitoring System.
On August 14, the US Federal Reserve adopted Dropp, an app built on Hedera (HBAR), into its instant micropayments system.
These partnerships resulted in a positive impact on the prices of the Hedera (HBAR) token. The Hedera (HBAR) token rose by 50% from $0.050 on August 2 to $0.075 on August 15. Since then, the crypto market has seen a correction, and the Hedera (HBAR) token is trading at $0.064 as of August 16.
With more partnerships anticipated for Hedera (HBAR) in the future, it is a good choice to invest in. But the profits expected from Hedera (HBAR) are minuscule when compared to those of VC Spectra (SPCT).
VC Spectra’s (SPCT) Utility Makes it the Investor’s Favorite
The decentralized hedge fund VC Spectra (SPCT) is built on the Bitcoin network. VC Spectra provides support to the most innovative blockchain products by investing in them. To pick out the projects to invest in, VC Spectra (SPCT) uses financial analysts and state-of-the-art AI. VC Spectra (SPCT) gives its users quarterly dividends and buyback from the profits it generates from its investments.
The project VC Spectra also has its own token, SPCT. The SPCT token adheres to the BRC-20 token standard. The VC Spectra (SPCT) token has an inbuilt burn mechanism making it deflationary with a reduction in supply over time. The VC Spectra (SPCT) token holders can use it to make trades, manage assets, get access to early-stage ICOs, and earn voting rights.
VC Spectra is conducting the Stage 2 public presale at a price of $0.025 per SPCT token. This is the Stage 3 presale price effective from August 17.
When the presales end, the VC Spectra (SPCT) token price will reach $0.08, which would give an ROI of 220% to its current investors.
The high gains and the real-world utility of VC Spectra (SPCT) have caused a rush for the SPCT token. Experts have chosen VC Spectra (SPCT) as their favorite token for 2023 over Monero (XMR) and Hedera (HBAR).
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
The post Monero (XMR) and Hedera (HBAR) Traders Swapping for VC Spectra (SPCT) Tokens Amidst Presale Frenzy appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/monero-xmr-and-hedera-hbar-traders-swapping-for-vc-spectra-spct-tokens-amidst-presale-frenzy/