Monero (XMR) and Filecoin (FIL) appear to be losing traction, facing new developments and broader market volatility challenges. In contrast, VC Spectra (SPCT), one of the best DeFI projects, is capturing the spotlight, shattering expectations as it rapidly ascends the investment ladder. Which of the three is the best crypto to buy? Let’s delve into analysis!
Bitman Announces New Monero (XMR) Mining Equipment
On August 27, Bitmain introduced the Antminer X5 for mining Monero (XMR) with a hash rate of 212 KH/s. The release has ignited discussions in the Monero (XMR) community, given the coin’s stance against ASICs.
The community is split on ASIC resistance due to ongoing manufacturer innovations. Meanwhile, Monero (XMR) is trading at $141, decreasing by 2.08% from $144 on August 27. The trading volume of XMR has also declined by 18.91% from $74 million to $88 million in the same period.
Based on the current price movements, crypto experts predict Monero (XMR) has lost its pace and is in a consolidation phase. They believe in further decline for Monero (XMR) in the next 3-6 months, possibly with Monero prices plummeting by over 50%.
However, if the broader crypto market rallies in 2023, Monero (XMR) could benefit significantly due to its high volatility.
Filecoin (FIL) Will Participate in Korea Blockchain Week
On August 22, Secured Finance announced the launch of their testnet, hosting the Filecoin (FIL) Seoul networking event during Korea Blockchain Week from September 6 to 7 in Seoul, South Korea. The Filecoin (FIL) Foundation supports this event.
Filecoin (FIL) is currently trading at $3.41, increasing slightly by 1.19% from $3.37 on the announcement day. Investors believe Filecoin (FIL) is impacted by broader crypto turmoil. Yet, the sharp decline of trading volume by 33.24% to reach $91 million has made investors nervous about their Filecoin (FIL) positions.
Experts anticipated Filecoin price prediction to struggle to surpass the $4 mark in the near term, primarily due to Bitcoin’s ongoing volatility. Also, technical indicators in the FIL chart present mixed signals, with the Chaikin Money Flow showing improved but wavering capital inflows. Historically, Filecoin price prediction shows Filecoin (FIL) support zone lies between $2.60 to $3.15.
VC Spectra (SPCT) Is Closer to 900% Surge
VC Spectra (SPCT) is making waves as one of the top DeFi projects, distinguishing itself as a decentralized hedge fund. Offering users a unique blend of dividends, exclusive access to new ICOs, and voting rights, VC Spectra (SPCT) represents the next generation of blockchain investments.
Operating on the BRC-20 standard of the Bitcoin blockchain, VC Spectra (SPCT) promises real-world utilities. Furthermore, VC Spectra’s (SPCT) pricing strategy has piqued investor interest. Launched at $0.008, it ambitiously targets a 10X increase by presale end, an impressive 900% surge. Such potential growth, bolstered by VC Spectra’s innovative hedge fund concept, presents an enticing investment prospect.
During its Stage 3 public presale, the SPCT token is priced at $0.025. VC Spectra (SPCT) experienced a 212.5% ascent for Stage 1 investors. As the presale moves to Stage 4, a higher price of $0.033 is anticipated. Combining a robust trading platform and decentralized asset management protocol, VC Spectra promises a transparent, profitable investment environment.
With crypto investments constantly evolving, VC Spectra (SPCT) shines with its tangible solutions. SPCT’s presale incentives, like a limited-time 10% deposit bonus, further sweeten the deal for early adopters.
Learn more about the VC Spectra presale:
Buy Presale: https://invest.vcspectra.io/login