With so many top altcoins out there, it’s hard to choose which is the best. One formula is to see how well they have performed over a period of time. Most of the time, the project with the most utility will outperform the rest.
Let’s explore the various factors at play and see which project between dYdX (DYDX), Avalanche (AVAX), and VC Spectra (SPCT) will reign supreme in 2023.
What you'll learn 👉
dYdX (DYDX) Hopes To Bounce Back
A quick glance at the price of dYdX reveals the project has had a rough month. DYDX entered mid-August trading above the $2.29 level. However, the asset’s price would sink below $1.86 three days later. It wasn’t until August 23 that the price began a rally that culminated in a peak price of $2.31.
Since then, DYDX has been on a steady decline. As of September 12, the price is stuck at the $1.90 level. Overall, DYDX is down 15% over the past month.
The DYDX chart shows that the price has been trading sideways for the better part of this week. Even though the overriding trend is bearish, there is some kind ofindecisiveness between the bears and the bulls.
The MACD has already crossed the signal line on the way up, while the RSI appears exhausted in oversold territory. If the dYdX bulls can take over the bears, then the price will aim to test the $2.73 resistance level. However, if the bears come on top, there is a support level of $1.36 waiting. That said, DYDX remains one of the altcoins to watch.
Avalanche Price Prediction: What Next For AVAX?
Of the three top altcoins covered in this piece, Avalanche AVAX price appears to have been the most impacted by the bears over the past month. The AVAX price is down 25% over the period, and there are no signs Avalanche will break this streak.
You have to go back to mid-July to find the last time Avalanche AVAX price had any sort of positive momentum. Still, the AVAX price has been on a steady decline since mid-April. Back then, Avalanche (AVAX) was trading above $21. However, as of September 12, the Avalanche price was $9.27, a 56% decline.
Avalanche (AVAX) faces a battle to break past the overriding bearish trend. The RSI appears oversold, and the MACD is about to cross the signal line. If the bulls can take over, then the price will aim for the $10.59 level. If that doesn’t happen, expect to see Avalanche (AVAX) headed to the $7 level.
VC Spectra (SPCT) Outperforms The Top 10 Altcoins
The newly launched VC Spectra (SPCT) is proving to be the altcoin to watch in 2023 after generating incredible ROI in the past few weeks.
The project serves as a decentralized hedge fund that invests in blockchain startups at the ICO stage for a piece of their future success. The returns realized are shared with its VC Spectra (SPCT) token holders. This way, VC Spectra is able to simplify investment for the average investor. All you need is some SPCT, and you will get quarterly dividends from the investment made by VC Spectra.
VC Spectra (SPCT) recently entered Stage 3 of the public presale, selling at $0.025. Those who got in at the Stage 1 price of $0.008 have made 212.5% on their investment. Additionally, those that got in at $0.011 in Stage 2 have profited by 127.27%. And those who get in now will make at least 220% by the end of the presale stages, which will be at $0.080.
To sweeten the deal, VC Spectra (SPCT) is offering a 50% discount on all deposits, meaning investors stand to earn more SPCT tokens any time they make a purchase on the official VC Spectra website. So, what’s holding you back, still?
Learn more about VC Spectra (SPCT) and its presale:
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