It’s been a tough week for crypto investors. As the market grapples with increased price correction, Monero (XMR) and Dogecoin (DOGE) plummeted 5.4% and 6.1%, respectively. On the other hand, VC Spectra (SPCT) emerges as a beacon of hope. The new decentralized hedge fund is the best crypto to buy after its value surged by 212.5%.
Let’s explore the latest trends concerning Monero (XMR), Dogecoin (DOGE), and VC Spectra (SPCT).
Monero’s (XRM) Price Takes A Hit Despite Recent Upgrades
Bitmain, the foremost global manufacturer of cryptocurrency mining servers, unveiled the Antminer X5 on August 28, 2023.
Bitmain’s press release states that the Antminer X5 is the first professional Monero (XMR) miner. It boasts an impressive hash rate of 212 kilo hashes per second (KH/s) while consuming 1,350 watts of power.
However, the Monero (XMR) mining community was displeased about Bitmain’s introduction of application-specific integrated circuits (ASICs) tailored for Monero (XMR) mining. ASICs represent specialized hardware tailored for highly efficient cryptocurrency mining, surpassing the capabilities of general-purpose hardware.
This could potentially translate to a concentration of mining influence within a limited number of large mining entities should ASICs gain widespread adoption for Monero (XMR) mining.
Meanwhile, XMR price plunged 5.4% over the past week, from $146.38 to $138.42. With its trading volume down by 10.1% in the same time frame, the question remains: Should investors buy Monero?
As Monero experiences increased market volatility, experts say the XMR price may trade between $135.78 and $138.12 in the coming weeks.
Let’s see how the XMR price trend compares with the Dogecoin prediction.
Elon Musk’s Secret Dogecoin (DOGE) Connection: Investigating the Billionaire’s Role
On August 31, the Wall Street Journal revealed that Elon Musk, the world’s wealthiest individual, has been covertly channeling funds into the development of Dogecoin (DOGE).
Dogecoin (DOGE) skyrocketed to public prominence after numerous reports suggested that Musk would assume an advisory role within the Dogecoin (DOGE) Foundation. However, in an unexpected turn of events, Musk severed his ties with the foundation in October 2021, clarifying that he had no connections to it.
In April 2023, Elon Musk acquired Twitter and swiftly replaced its iconic blue bird logo with Dogecoin’s (DOGE) symbol. This transformation left little room for doubt regarding Musk’s intentions to interlace Dogecoin with Twitter’s forthcoming plans.
Meanwhile, Dogecoin (DOGE) plunged by 6.1% over the past week, from $0.066 to $0.062. Experts say that increased price correction adversely affected Dogecoin’s (DOGE) value. So, it’s no surprise some investors question whether they should buy Dogecoin.
However, analysts remain bullish on the Dogecoin prediction. With Elon Musk’s involvement becoming more profound, Dogecoin prediction suggests the token will trade between $0.063 and $0.071 over the coming weeks.
VC Spectra’s (SPCT) Unmatched Presale Attracts Investors
Amid Dogecoin’s recent developments, VC Spectra (SPCT) has attracted massive investor sentiment over the past weeks. As a decentralized hedge fund, VC Spectra (SPCT) utilizes a meticulous selection process to identify high-potential investment opportunities.
VC Spectra (SPCT) caters to diverse investment preferences, offering access to early-stage blockchain projects, pre-ICOs, and diversified portfolios. Moreover, VC Spectra (SPCT) offers users enticing perks, including voting rights, quarterly dividends, and buybacks from investment profits.
So, why is VC Spectra (SPCT) the best cryptocurrency to buy? VC Spectra (SPCT) recently progressed to Stage 3 of its public presale. SPCT trades at $0.025, a 212.5% upswing from its initial $0.008 price.
If someone buys SPCT tokens at $0.025, they will benefit from a 220% surge when SPCT reaches $0.08 by the end of the presale. As the top crypto to buy, VC Spectra’s (SPCT) presale offers a 10% bonus on any deposit.
Find out 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