As the bears continue to subdue the bulls, the crypto market has tipped into a bearish mood. Hence, investors are looking for the best cryptocurrency to invest in amid the decadence plaguing the crypto landscape. To this end, VC Spectra (SPCT), Filecoin (FIL), and Stellar (XLM) come into play.
Which of these top crypto coins is the ideal investment choice in a bear market? Let’s find out!
What you'll learn 👉
Summary
- VC Spectra (SPCT) remains unscathed by the bearish crypto market condition.
- Filecoin (FIL) is en route to $4.00, per analysts’ point of view.
- Stellar (XLM) revisits the 90-day region amid dumping prices.
VC Spectra (SPCT) Exhibits Immunity To Market Bearishness
VC Spectra (SPCT) has displayed unrelenting resilience against the overwhelming force of the bears on crypto bigwigs. This innovative project has outdone several top crypto coins even before its official launch. As a result, market players are curiously anticipating what the future holds for VC Spectra (SPCT).
As a decentralized investment and asset management platform, VC Spectra (SPCT) offers advice on profitable projects to invest in and manages users’ assets adeptly. The blockchain stands out for its unparalleled peculiarities, which is the driving force behind its success stories. Notably, VC Spectra (SPCT) hit a home run during its private seed sale, achieving an impressive milestone of $2.4 million.
The platform is now attempting to secure a similar landmark in its public presale. One of the attractive features of VC Spectra (SPCT) is its sizable discount and the benefits attached to interacting with the platform. Notably, VC Spectra (SPCT) users earn quarterly dividends, hold voting rights, partake in new ICOs, and more.
Since the start of its public presale, VC Spectra investors have received handsome windfalls from each stage. Now, in the third stage of its public presale, SPCT is valued at $0.044. With VC Spectra heading for a target price of $0.080 at presale’s climax, SPCT is bound for an 81.81% uprising.
With such a projection, VC Spectra (SPCT) is one of the best cryptocurrencies to invest in today. Also, VC Spectra investors are entitled to a 100% bonus on every deposit, effectively doubling the realized profits during presale.
FIL Price Prediction: Filecoin Introduces Privacy To Web3
Filecoin recently partnered with Brave Software Inc. and Electric Coin Co. (ECC). This partnership seeks to install privacy solutions into these Web3-based projects. The collaboration, which occurred on September 15, reflects a significant move towards establishing privacy within the Web3 space.
In particular, Filecoin intends to integrate privacy features into Brave’s Web3 wallet and browser, with FIL taking center stage in this innovative enterprise. Furthermore, Filecoin (FIL) will introduce shielded transactions into Brave’s digital asset wallet. This initiative ensures that users carry out transactions without third-party knowledge.
The development has drawn the attention of investors to FIL, resulting in a bullish call in the Filecoin price prediction of analysts. According to market data, Filecoin (FIL) printed a 4.04% rally from September 22 to October 6. During the timeframe, Filecoin (FIL) rose from $3.22 to $3.35.
Drawing from this price action, experts noted in their Filecoin price prediction that FIL will attain $4.00 by November. This Filecoin price prediction suggests a 35.86% increase in the price of FIL. Based on this projection, Filecoin (FIL) seems a good crypto to invest in for short-term gains.
Stellar (XLM) Descends To Three-Month Low
October 9 saw the Stellar coin breach a significant price floor, pushing XLM to a three-month low. In particular, Stellar XLM fell below $0.110 on the given date, following a 4.25% drop in the asset’s price. This descent moved the Stellar coin away from a range it had maintained since July 13.
As of October 12, Stellar (XLM) was trading at a 90-day low of $0.101. The recent price action of the Stellar coin established a bearish sentiment on XLM.
While XLM remains on the wrong side of history, Stellar continues to foster more advancements in the blockchain. For instance, the Stellar Foundation announced support for Stellar-based platform Soroban in a joint effort with Certora.
Considering the rate at which XLM is falling, experts believe the Stellar coin could travel as low as $0.076. A drop of this magnitude would translate to a 30% loss in the market value of Stellar (XLM).
A notable catalyst behind the declining price of Stellar (XLM) is the bearish outlook of the general crypto market. Yet, this projection removes Stellar (XLM) from the list of crypto assets worth investing in at the moment.
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