The Monero XMR price faced another hurdle on September 6, as Binance announced that it would delist XMR in Belgium. The Polkadot (DOT) price, on the other hand, has failed to rise despite massive ecosystem growth in August and September. Whereas VC Spectra (SPCT) has become the breakout star of the bear market with 212.5% gains.
Let’s understand why SPCT is one of the best altcoins to buy this September over the well-established XMR and DOT.
Scrutiny on Monero (XMR) Grows as Binance Complies With Crypto Regulations
August 27 witnessed the launch of a dedicated ASIC Monero (XMR) miner by Bitmain. Then, Grayscale won the BTC Spot ETF case against the SEC on August 29. Both these events caused a surge in the Monero XMR price. The Monero (XMR) price went up by 3.5%, from $142.90 on August 27 to $147.98 on August 30.
However, the bear market soon caused a correction in the XMR price. Moreover, on September 6, Binance announced that it would delist Monero (XMR) in Belgium. The move comes after Binance delisted Monero (XMR) in four other European countries in June 2023. Binance further stated that it will delist Monero (XMR) and other privacy tokens wherever required.
As a result, Monero (XMR) has retraced to $139.15 by September 11, an almost 6% drop from its recent August high. So, experts advise anyone who wants to buy Monero (XMR) to exercise caution.
Polkadot’s (DOT) Decline Continues Despite Massive Parachain Growth
On August 25, Polkdadot’s (DOT) Repository’s merge with Substrate and Cumulus to create Polkadot (DOT) SDK was announced. On the same day, the Turing Network, a Kusama parachain on Polkadot (DOT), announced the launch of Turing 2.0.
The victory of Grayscale over the SEC, combined with these developments, caused the Polkadot price to rise. The Polkadot price went up by 8.9% from $4.36 on August 25 to $4.75 on August 29.
But as the bears took control back over the market, the Polkadot price has also dipped despite further growth. First, the Unique Network partnered with AngelHack to create Redeemable NFTs on Polkadot (DOT) on August 31. In addition, the Astar 2.0 Network won its self-funded Polkadot (DOT) parachain on September 1.
Yet, Polkadot (DOT) is down 15.79% from its August 29 high. Polkadot (DOT) is trading at $4.00 on September 11. As a result, analysts have a negative Polkadot price prediction for the investors.
VC Spectra (SPCT) Termed the Breakout Star with 212.5% Gains
The community-driven, decentralized, and democratic venture capitalist fund, VC Spectra (SPCT), is built on the Bitcoin network. It specializes in investing in the top DeFi projects and discounted new ICOs to generate profits. VC Spectra (SPCT) automates the investment process through the use of smart contracts.
VC Spectra (SPCT) uses advanced trading strategies like systematic and algorithmic trading to multiply its profits. The profits are redistributed to the users in the form of rewards. Moreover, VC Spectra (SPCT) provides its users with advanced analytics and insights about the performance of their investments.
The VC Spectra token, SPCT, has a total supply of 2 billion, with a burn mechanism reducing its supply over time. The SPCT token can be used for voting, staking, earning rewards, trading, and managing assets on the Spectra platform.
VC Spectra has entered the Stage 3 public presale of the SPCT token. The SPCT token price in Stage 3 has risen to $0.025 from $0.011 in Stage 2. This has given Stage 2 investors gains worth 212.5%. When the presales end, Stage 3 investors will make 220% gains as the price will reach $0.08 per SPCT.
This has resulted in VC Spectra (SPCT) being termed the best new crypto to invest in by experts.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
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