Will July continue the uptrend in crypto that started in mid-June? That is the question on the mind of all investors. Here, many have spotted three vastly different altcoins: VC Spectra (SPCT), Monero (XMR), and Tron (TRX).
Monero (XMR) is the leader and the first among privacy coins; Tron (TRX) is a prominent smart contract and dApp-building blockchain. Meanwhile, VC Spectra (SPCT) is taking the asset management and hedge fund niche by storm. Let’s see how these projects compare and why VC Spectra (SPCT) may be the best option.
VC Spectra (SPCT) Looks to Become the Next Big Thing in DeFi
VC Spectra (SPCT) is a new decentralized hedge fund that invests in sustainable blockchain and technology companies. The platform uses a mixture of automation and human capital to ensure profitable returns for its investors.
For the former, VC Spectra relies on transparent smart contracts to automate trading, investment management, the allocation of profits, etc. The platform will also use machine learning algorithms to analyze market patterns that predict future price movements.
On the human side, VC Spectra has a team of experts to review and choose the best projects extensively.
VC Spectra welcomes all investors regardless of location, experience, or wealth, making for a truly democratic hedge fund.
At the center of VC Spectra is the SPCT utility token. It also offers worthwhile incentives to its holders, like extra income from quarterly dividends, governance power, and special access to discounted ICOs.
The end of SPCT’s Stage 1 presale is nearing. Stage 2 will see the price go from $0.008 (current) to $0.011. For the near future, analysts predict SPCT’s value will jump 10x from $0.008 to $0.08 when VC Spectra launches.
Monero (XMR) Is Benefitting From Institutional Interest
While Monero (XMR) is presently among the top 30 traded tokens, according to CoinMarketCap, it receives little news coverage. Yet, the charts show a multi-day parabolic rise for it.
The primary catalyst is the recent applications for spot Bitcoin ETFs by many large companies. Projects like Monero and Tron have benefitted from this positive effect. Since mid-June, Monero has leapfrogged almost 34% from $126 to its current value of $169.
Overall, Monero has a storied history in crypto as the go-to privacy coin. Yet, tokens of this kind have been banned in many countries due to their use in crimes. Conversely, some investors see the future demand for Monero to maintain their privacy from financial institutions.
Finally, let’s look at Tron (TRX) and its recent developments.
Tron (TRX) Prepares for Periander Upgrade
Like Monero (XMR), Tron’s (TRX) climb is noticeable, with a 20% increase in the last few weeks from $0.064 to $0.077. The ‘Periander’ upgrade scheduled for 11 July 2023 has Tron (TRX) users excited.
Periander brings with it several enhancements to staking, smart contracts, and more. As a result, Tron’s on-chain metrics have improved, from its total value locked to the number of users.
In other news, Tron welcomed its first ‘Real World Asset,’ the stUSDT token. Holders of stUSDT gain access to tangible assets that produce passive income.
Overall, there is much to anticipate for Tron investors. Still, while it’s a more established project, the return on investment for VC Spectra is greater, given that it’s a new altcoin.
Learn more about the VC Spectra presale here:
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