The crypto market has been struggling to escape the suffocating grip of the bear. Monero (XMR) and Pepe (PEPE) are showing no sign of recovery amid a bearish market. Monero (XMR) and Pepe (PEPE) are on a downslope in sync with the rest of the market following a rough week. While the crypto market struggles to rebound, VC Spectra (SPCT) maintains its stunning performance after surging significantly in Stage 3 of its public presale. Let’s explore how VC Spectra (SPCT) defies the odds while its rivals venture on an opposite path!
Monero’s (XMR) Price Falls Despite Bitcoin Wallet Integration Plans
In a recent development, privacy-centric Bitcoin wallet Samourai announced on August 5, 2023, to implement atomic swaps between Monero (XMR) and Bitcoin (BTC) to enhance user privacy. However, this move has stirred diverse reactions within the crypto community.
This new development was expected to boost the price of Monero (XMR) as it reiterated the focus of Monero (XMR) on user privacy. However, the price of Monero (XMR) has dropped by 11.5% from $164.2 on August 5 to $145.3 on August 28.
The major drop in the price of Monero (XMR) came after the minutes of an SEC meeting were released to the media on August 16. The crypto market experienced a huge blow after SEC speculating about interest rate hikes made headlines.
The price of Monero dropped by 9.5% from $155.73 on August 16 to $140.86 on August 18. It will take time for Monero (XMR) to rebound as SEC is yet to clarify its position on a new interest rate hike.
Pepe (PEPE) Dips as SEC Calls for Interest Rate Hike
Pepe (PEPE) dropped to $0.000001036 on August 18, 2023, hitting its lowest price in 60 days. This was a 4% decrease from $0.000001084 on August 16. Pepe (PEPE) is yet to recover to its previous value because the sentiments for this meme coin remain negative amid a bear market.
The poor performance shown by Pepe (PEPE) aligns with the ongoing trend in the market. The crypto market, including Pepe (PEPE), dipped following the release of SEC minutes on August 16, which suggested an interest rate hike.
While Pepe (PEPE) seeks to recover after a rough week, the price of Pepe (PEPE) is expected to struggle on the chart as the bearish trend continues and the project lacks real-life utility.
VC Spectra (SPCT) Defies the Odds as its Rivals Stumble
VC Spectra (SPCT) is a decentralized hedge fund that offers its investors unprecedented investment management services. It employs AI to seek safe and secure investment opportunities with a higher return on investment (ROI).
VC Spectra (SPCT) is an innovative BRC-20 standard token that is built on the Bitcoin blockchain and follows a similar deflationary model. Investors can use the token for exchange, decentralized trading, asset management, and transaction fees across the VC Spectra platform.
VC Spectra (SPCT) recently entered Stage 3 of its public presale after finishing an incredible private seed sale, raising $2.4 million. The current price of VC Spectra (SPCT) is $0.025, a surge of 127% from the Stage 2 price of $0.011 and 212.5% from the Stage 1 price of $0.008.
New Stage 3 investors will gain 220% if they invest right now in VC Spectra (SPCT), as its value is projected to reach $0.08 by the end of the public presale!
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Read More: VC Spectra (SPCT) Defies the Odds Amid Monero (XMR) and Pepe (PEPE) Crash