Are Shiba Inu (SHIB) and Dogecoin (DOGE) Oversold? Whales Acquire VC Spectra (SPCT)
Shiba Inu (SHIB) is not having the best of times around the start of September 2023 following its bridge crash. Dogecoin (DOGE), on the other hand, enjoyed a momentary high after a new wave of X and Dogecoin (DOGE) rumors. While Shiba Inu (SHIB) and Dogecoin (DOGE) go over a rollercoaster, VC Spectra (SPCT), a project that has raised $2.4 million in its private sale, has caught investors’ attention.
So, which of these is a good crypto to buy now? Let’s start by analyzing Shiba Inu (SHIB).
Shiba Inu (SHIB) Struggles Following The Shibarium Crash
Around August 16, 2023, Shiba Inu (SHIB) launched the Shibarium bridge. This bridge allows transactions from Shiba Inu (SHIB) to other Ethereum-based blockchains. Shibarium is supposed to make Shiba Inu (SHIB) a more prominent blockchain, focusing on the metaverse and DeFi companies’ applications.
However, despite high hopes, the Shibarium bridge collapsed under traffic soon after launch. Transactions were delayed by up to at least 11 hours, with millions of dollars of Shiba Inu (SHIB) assets stuck on the bridge. This Shiba Inu news hurt the project’s market sentiment and SHIB price prediction. Shiba Inu (SHIB) lost 10% of its value as a result.
The developers reopened the bridge around August 28. But from $0.0000079 on August 28 to $0.00000832 on September 5, SHIB still registered a 1.2% fall. Now, the SHIB price prediction based on the technical indicators indicates a further slide downward before Shiba Inu (SHIB) eventually makes a recovery.
So, with the negative SHIB price prediction, should you buy Dogecoin (DOGE) instead?
Dogecoin (DOGE) Registers Uptick Following X Rumors
On August 29, 2023, there were reports about Elon Musk obtaining a cryptocurrency trading license from Rhode Island authorities for X, formerly Twitter. In the usual Dogecoin (DOGE) fashion, there were market rumors about this development being a step towards X adopting Dogecoin (DOGE) as the platform’s official currency. This created momentary hype, and people started to buy Dogecoin (DOGE).
Following this announcement, around September 5, Dogecoin (DOGE) is currently trading at $0.063. However, the hype died down in the days that followed.
The DOGE price prediction for the coming days based on the moving average technical indicators points towards a bearish movement. So unless Elon Musk sparks another episode of rumors, you might not want to buy Dogecoin (DOGE) soon.
So, with that in mind, let’s take a look at VC Spectra (SPCT) to determine if it’s a good crypto to buy.
VC Spectra (SPCT) Investors to Enjoy Massive 220% Gain
VC Spectra (SPCT) is a decentralized hedge fund bringing tech and blockchain investments to the masses.
It uses five distinct sub-funds that are specialized for specific markets, including new ICOs, arbitrage, and others. Having these funds helps VC Spectra (SPCT) broaden its portfolio. This helps make losses less likely and optimizes the return profile. VC Spectra (SPCT) distributes 40% of the returns from its funds to SPCT holders.
SPCT is the native token for VC Spectra. With a deflationary burn mechanism, SPCT tries to maintain its value over the long term.
Besides SPCT’s features for long-term returns, VC Spectra’s (SPCT) standing as an alternative to traditional hedge funds gives it value over the long term. It combines the features of regular hedge funds with cutting-edge technology and applies it to the emerging Web 3 and early-stage investment market.
Investors who invest in VC Spectra (SPCT) now can benefit from a 32% gain in price as VC Spectra’s (SPCT) price increases from $0.025 to $0.033. By the end of the presale, this gain is supposed to climb to a massive 220% as the price ends up at $0.08. To make the deal even better, VC Spectra (SPCT) offers you a limited-time 10% bonus on all deposits.
Find out more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund