October 2023 looked like it would be a good month for top altcoins Solana (SOL) and Ethereum (ETH). However, their prices have dropped, and with the downturn, investors are diversifying into VC Spectra (SPCT), a new crypto with high potential. VC Spectra raised $2.4 million in its private/seed sale and is doing exceptionally well in its presale stages. Expected to rally even potentially higher on exchanges, SPCT, the alternative top crypto to buy, poses a massive threat to SOL and ETH. Here’s why!
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Summary
- Solana (SOL) will likely tumble below the $23 level.
- Ethereum (ETH) could end 2023 trading below $1,450.
- VC Spectra (SPCT) is expected to gain 900% for its earliest after presale.
Solana’s (SOL) Price Declines Despite a Short Recovery
The SOL crypto price began a strong recovery in October, following its September lows. Solana (SOL), one of the top ten cryptocurrencies, experienced a 21% surge between September 28 and October 7, increasing from $19.11 to $24.10.
Since the SOL crypto price usually reflects Bitcoin’s movements, its price could be attributed to the recent BTC surge. In addition, Solana’s (SOL) improved fundamentals, which include upgrading to version 1.16, significantly contributed to the rally.
Following the temporary surge, the SOL crypto price has declined and is trading below the $23 mark. Solana’s (SOL) price drop may be attributed to Bitcoin’s (BTC) inability to surpass the $28,000 mark and overall market volatility.
Moreover, the decline in SOL’s value is causing severe selling pressure, potentially leading to a Solana price prediction of $18.71 by the end of 2023. On the other hand, bullish analysts anticipate Solana’s (SOL) resiliency, upgrades, and demand for dApps to push the price above the $25.00 mark.
Ethereum (ETH) Reels Under The Weight Of The Bear Market
Ethereum (ETH), second among the top 5 cryptocurrencies, started October with a peak of $1,751. However, Ethereum (ETH) retraced a few days later to trade below $1,700, raising concerns about a bearish ETH price prediction.
Ethereum’s (ETH) shortcomings could likely be due to the bear market impact and investors gravitating towards more potentially gainful crypto assets.
Consequently, on October 9, the Ethereum Foundation converted 1700 ETH to USDC, which could also have led to the price dropping from $1,600 to $1,586 as of October 10. The Ethereum Foundation’s move indicates potential preparation for adverse market conditions and a probable pessimistic ETH price prediction.
Bearish analysts anticipate a further drop below the $1,450 mark in their Ethereum prediction. Meanwhile, some bullish analysts anticipate an optimistic ETH price prediction of $1,700 because of Ethereum’s ongoing adoption by major companies like Visa and PayPal.
VC Spectra (SPCT) Saves The Day with Immense Presale Gains
With the prices of Solana (SOL) and Ethereum (ETH) in the red zone, investors are looking at VC Spectra (SPCT) as the alternative best crypto investment.
Besides not being affected by the ongoing volatility, VC Spectra’s (SPCT) groundbreaking utilities and immense presale gains are pushing it to be among the top DeFi projects in the market. But what is VC Spectra (SPCT) all about?
The new crypto, VC Spectra (SPCT), is a decentralized hedge fund that leverages AI technology and expert venture capitalists to identify highly profitable startups in the blockchain and fintech sectors. Furthermore, VC Spectra (SPCT) also boasts some excellent features, such as its BRC-20 standard token with a deflationary model and a burn mechanism.
Moreover, SPCT token holders get access to several benefits that include voting rights, quarterly dividends and buybacks, discounted ICOs, asset management, and payment of transaction fees.
VC Spectra (SPCT) started its public presale in June, and it’s already in Stage 3. In Stage 1, SPCT sold for $0.008, now at $0.044, realizing a 450% ROI for the earliest investors.
The price will rise to $0.080 by the end of the presale, giving those investing now an 81.81% increase, with Stage 1 token holders getting a whopping 900% ROI at listing. The platform is also offering a 100% bonus on every deposit made.
Expected to rise above its current gains after the presale, VC Spectra (SPCT) could be the best cryptocurrency for both short and long-term profits.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Twitter: https://twitter.com/spectravcfund
Telegram: https://t.me/VCSpectra
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