As Wider Market Faces Fluctuations, Monero (XMR), Frax Share (FXS), And VC Spectra (SPCT) See Positive Momentum

Despite the inherent volatility observed in the broader cryptocurrency market, top crypto coins Monero (XMR), Frax Share (FXS), and VC Spectra (SPCT) have demonstrated noteworthy performance. XMR and FXS are exhibiting their resilience in a market marked by, among other things, deliberations on regulations. Meanwhile, SPCT, which garnered significant attention after raising $2.4 million in its private/seed sale, continues to shine with impeccable gains in its presale. Let’s find out more!

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Summary

• Monero (XMR) could end the year trading above $170.
• Frax Share (FXS) is predicted to reach $6.10 by the end of the year.
• VC Spectra (SPCT) is set to provide an 81.81% increase during the public presale.

Monero (XMR) Could Sustain Its Bullish Momentum Throughout Q4 2023

Despite the overall decline in digital asset values in Q4 2023, Monero (XMR) has demonstrated resilience and potential as one of the best cryptos to invest in.

Monero’s XMR price began its October rally at $146 and has been steadily increasing since. By October 13, the XMR price had reached $152, reflecting a 4% increase from October 1.

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Monero (XMR), like other privacy tokens, experienced a bullish trend due to recent significant market sell-offs. Consequently, Monero (XMR) has earned traction due to its distinctive features and attributes that offer numerous benefits for investors.

Analysts predict that Monero’s XMR price could trade between $170 and $190 by the end of 2023 if it maintains its support level at $150. However, if the bearish trend persists, investors will be able to buy Monero (XMR) between $131 and $150 by year-end.

Frax Share (FXS) Exhibits Stable Price Movement

Frax Share (FXS) began October with a 7% increase, rising from $5.52 to $5.92. However, due to market volatility, Flax Share’s (FXS) price soon decreased by 9% to $5.40 on October 3.

Not to stay down for long, Frax Share (FXS) introduced sFRAX, an ERC4626 staking vault, on October 5. The staking vault enables stablecoin holders to earn yields equivalent to the interest rate on reserve balances (IORB) set by the U.S. Federal Reserve (Fed).

After the event, the price of Frax Share (FXS) increased to $5.66, representing a 4.6% rise from its October 3 value of $5.40. Despite the potential boost from the launch of sFRAX, the price movement of Frax Share (FXS) has mostly stayed the same.

However, Frax Share (FXS) remains stable and consistent and a good crypto to buy, aligning with the ongoing low-volume range observed in Bitcoin (BTC) and Ethereum (ETH).

Experts are optimistic about the current price movement of Frax Share (FXS) and expect it to reach around $6.10 by the end of 2023. On the other hand, market volatility could cause a decline in Frax Share’s (FXS) price to $4.40 per bearish analysts.

VC Spectra (SPCT): Making Profits Amidst A Bearish Crypto Market

While many other top crypto coins are going through the doldrums of a bearish market, VC Spectra (SPCT) is generating profits for its investors.

VC Spectra (SPCT) is a cutting-edge decentralized hedge fund that focuses solely on potentially viable projects in the blockchain and fintech sectors. Additionally, as one of the top DeFi projects, VC Spectra (SPCT) offers its investors a trading experience that is secure, transparent, and private.

The top blockchain ICO provides its investors with maximum gains and minimal losses by leveraging systematic, algorithmic, and AI-fueled trading strategies. Furthermore, SPCT token holders also enjoy several benefits, including early access to pre-ICOs, voting rights, quarterly dividends, and buybacks.

One of the reasons VC Spectra (SPCT) tops as the best new crypto to invest in is its gainful ongoing presale stages. In Stage 3 of its presale, SPCT is selling at $0.044, up from its most recent price of $0.033.

More interestingly even, SPCT started in Stage 1 at $0.008, reflecting a 450% increase to date. Moreover, the token is expected to trade at $0.080 by the end of the presale, gaining another 81.81% for those investing now.

Most analysts currently predict VC Spectra (SPCT) may exceed the $0.080 target sooner due to rising demand. Another incentive from the VC Spectra (SPCT) is a 100% bonus on all deposits, making it a better ‘buy’ than Monero and Frax Share at the moment.

Learn more about the VC Spectra presale here:

Presale

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• Source: https://thecryptobasic.com/2023/10/17/as-wider-market-faces-fluctuations-monero-xmr-frax-share-fxs-and-vc-spectra-spct-see-positive-momentum/?utm_source=rss&utm_medium=rss&utm_campaign=as-wider-market-faces-fluctuations-monero-xmr-frax-share-fxs-and-vc-spectra-spct-see-positive-momentum