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The crypto market has gone into recovery mode, with top altcoins like Maker (MKR) and Stellar (XLM) gaining marginally. While it remains to see whether the market will sustain these gains, some cryptos are set to continue soaring in 2023. An example is VC Spectra (SPCT), which raised $2.4 million in its seed/private sale and generated $587.5% ROI so far.
Which is the go-to crypto for investment between Maker (MKR), Stellar (XLM), and VC Spectra (SPCT)? Continue reading to find out.
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Summary
- Maker (MKR) struggles to hold gains after surging above $1,452, yet analysts remain optimistic.
- Stellar (XLM) gains 6% after news of plans to launch Soroban mainnet surface.
- VC Spectra (SPCT) continues outperforming top cryptos with a 587.5% ROI thus far.
Maker (MKR) Attempts To Consolidate Gains: Is a Bull Run Coming?
Maker (MKR) has been attempting to stay above the $1,440.00 level since October 13. The MKR price stood at $1,414.00 on October 13. However, the MKR price started gaining steam, and by October 20, it had soared as high as $1,452.78. This surge came after MakerDao revealed that its annual revenue had surged past $200 million.
This news saw investors start buzzing about Maker (MKR). Analysts believe this attention on Maker (MKR) will see the MKR price soar as high as $1,604.03 by the end of 2023. Naturally, such an optimistic forecast adds MKR crypto to the list of altcoins to watch!
However, analysts also peg this prediction on Maker (MKR) gaining more value as the DAI stablecoin, which MakerDao created, continues becoming popular, adding more value to Maker (MKR), which is MakerDao’s native token.
Stellar (XLM) Gains 6% In a Week: More Gains Coming
Stellar (XLM) has performed well over the past week, starting October 13. On October 13, the Stellar coin was trading around $0.1032. However, Stellar (XLM) started surging on October 19 following bullish news. Specifically, SDF’s vice president of Technology Strategy revealed plans to launch the Soroban mainnet.
This news sparked interest in Stellar (XLM), and the Stellar coin surged as high as $0.1096 on October 20. This price difference represents a 6.2% gain in a week. Experts believe this excitement will continue pumping Stellar (XLM), setting the end-of-October Stellar coin prediction at $0.1130.
In the long term, analysts believe the launch of the Soroban mainnet will see Stellar (XLM) soar to $0.3900 by December 2025. This forecast makes Stellar (XLM) a good crypto to buy alongside Maker (MKR). Finally, let’s see if VC Spectra (SPCT) competes.
VC Spectra (SPCT) Leaves Its Rivals In The Dust
VC Spectra (SPCT), a decentralized asset management protocol and trading platform, has spurred massive interest among crypto investors for its exceptional performance since the start of its public presale. Investors are finding VC Spectra (SPCT) intriguing because of its perks, which include voting rights and quarterly dividends.
Moreover, SPCT, the native token of the VC Spectra project, has outperformed top crypto coins thus far. The token’s exemplary performance emanates from the fact that it boasts a deflationary issuance model and that it leverages the BRC-20 standard.
By October, VC Spectra (SPCT) was in Stage 4 of its ongoing public presale. During this stage, investors can buy the SPCT token for $0.055. Notably, this price is higher than the initially projected Stage 4 opening price of $0.044. This price difference means VC Spectra (SPCT) is witnessing more demand than anticipated.
Thus far, Stage 1 investors that bought VC Spectra (SPCT) at $0.008 have seen their investments increase by 587.5%. Meanwhile, investors who buy VC Spectra at $0.055 will enjoy a 45.45% ROI when the token completes its public presale at the set target of $0.080.
However, experts believe VC Spectra (SPCT) will hit the $0.080 mark sooner, increasing their returns. Furthermore, VC Spectra (SPCT) will get listed on major exchanges after completing its public presale. Experts believe this listing will propel VC Spectra (SPCT) to unseen heights, making it the best cryptocurrency to buy now!
Learn more about VC Spectra (SPCT) and its presale:
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