Avalanche (AVAX) is the subject of some unpalatable news. Meanwhile, VC Spectra (SPCT) investors are in a celebratory mood.
How did AVAX price react to the sad news? Why is this a good time for VC Spectra (SPCT) fans? We will also discover which of them is the best crypto to buy.
- Avalanche (AVAX) could reach $125.72 in 2024.
- VC Spectra (SPCT) is investors’ top choice.
AVAX Price Remains Stable As Avalanche Reduces Workforce
On November 7, 2023, Ava Labs CEO Emin Gun Sirer, through an X post, confirmed that the company had laid off 12% of its workforce. According to him, the move was imperative because of the bear market. He admitted that the company is struggling to navigate the bear market but was hopeful for a brighter future.
He added that the focus will now be on using available resources to develop the Avalanche (AVAX) network further.
The number of employees let go was not announced. But a look at Ava Labs’ LinkedIn profile showed that the company had 335 team members, meaning about 40 people were laid off. Further investigations indicated that the majority of the layoffs occurred in the marketing department.
Some of Avalanche’s (AVAX) former staff have already come out to announce their exit from the company. One of them, Zach Manafort, had been a member of the Avalanche community since 2020.
Since Sirer’s confirmation, AVAX price has gained 31.7%, increasing from $13.08 to $17.23 as of October 11. However, Avalanche (AVAX) price took a hit after Sirer’s post. The price fell 2% from $13.08 to $12.82.
However, it has since rebounded as the market’s momentum carried Avalanche (AVAX) past any potential prolonged slump.
The AVAX price prediction for 2024 is $125.72. Analysts expect Avalanche (AVAX) to come close to its price during the 2021 bull market in next year’s bull market.
Investors Count Their Gains As VC Spectra (SPCT) Surges Again
VC Spectra (SPCT) investors have a reason to smile again as the value of their tokens just appreciated again after SPCT’s latest surge. The presale is still in the fourth stage, and SPCT price increased by 20% from $0.055 to $0.066. This brings the total percentage increase since the start of the presale to 725%. This is a massive profit margin and one of the highest in 2023.
But that is not all. SPCT price is bound to increase to at least $0.080 by the end of the presale. This means early investors could gain over 900% or 10x their initial investment.
What else is VC Spectra (SPCT) about? VC Spectra (SPCT) is a decentralized asset management protocol and trading platform that provides investors with a secure, transparent, and profitable investment experience. A factor that sets VC Spectra (SPCT) apart is its accessibility to everyone, regardless of their investment experience or expertise.
With VC Spectra (SPCT), you can invest in early-stage blockchain startups, promising blockchain ventures, and unique crypto niches. You can also stake or lend your crypto assets and trade arbitrage.
You can access these services by purchasing the VC Spectra (SPCT) token. SPCT is a BRC-20 standard token used for exchange, decentralized trading, asset management, and transaction fees on the VC Spectra platform. It also has a burn mechanism that helps regulate its value.
Benefits of holding SPCT include access to exclusive new ICOs, quarterly dividends and buybacks, and voting rights.
Considering all the above, it is clear why investors say VC Spectra (SPCT) is the top crypto to invest in.
To learn more about VC Spectra (SPCT), visit:
Buy Presale: https://invest.vcspectra.io/login