With Polkadot (DOT) and Arbitrum (ARB) prices stalling over the past few weeks, investors have jumped on VC Spectra (SPCT), which is promising incredible returns. As things stand, VC Spectra is one of the best altcoins to invest in thanks to its consistent returns. This has sparked investor interest as the race to pile up as many SPCT tokens as possible heats up. But will SPCT be able to compete with DOT and ARB in 2023?
What you'll learn 👉
- The Polkadot price struggles despite plans to launch 1,000 parachains.
- Arbitrum (ARB) records modest gains amid security council elections.
- VC Spectra is fast becoming a favourite among investors, delivering 450% ROI.
Lacklustre Performance From Polkadot (DOT) Has Investors Looking Elsewhere
Polkadot (DOT) is rated as one of the top altcoins; however, its performance lately hasn’t lived up to that billing. The Polkadot price is down over 12% in the past month, and this has meant its proponents have had to look elsewhere for quick returns.
Not even news of adding an extra 1,000 parachains has helped the Polkadot price. The feature dubbed “asynchronous backing” will help Polkadot (DOT) run faster, with the overall goal being to process a million transactions every second. If that happens, it will be quite a feat for a blockchain protocol, and it will definitely catapult the Polkadot price to the stratosphere.
However, until then, Polkadot’s price prediction for the short term remains modest. DOT is looking to break out from the engulfing bearish trend it has been stuck in over the past month. Therefore, Polkadot (DOT) has to overcome the first resistance level at $4.22 before pushing for the next one at $4.32.
Should Polkadot (DOT) bears prove too strong, the price will seek to use $3.90 as support. A drop below this level could see Polkadot (DOT) go as low as the $3.54 level.
The Arbitrum Price Is On The Up – Here’s Why
The Arbitrum price is steadily rising. ARB is up 9% over the past ten days, putting it on many investors’ lists of altcoins to watch. A quick glance at the Arbitrum (ARB) chart reveals the asset started its ascend on September 11. The Arbitrum price would grow from $0.74 to $0.89 as of September 30, an increase of over 20% during that time.
There is some positive sentiment building up surrounding the Security Council elections. Arbitrum (ARB) recently began its process of picking new security council members who will be responsible for responding to critical emergencies. Solid governance will reflect favorably on Arbitrum (ARB) in the long term.
Now, Arbitrum (ARB) is pushing to break past the $0.92 resistance level. If successful, the next major level lies at $1.34.
Still, given the moderate gains Arbitrum (ARB) has seen over the past few weeks, it would be far-fetched to expect the price to shoot that high any time soon. More so, the Arbitrum (ARB) performance pales in comparison to the biggest story of the crypto market this year.
VC Spectra (SPCT): Fast Becoming One Of The Top Crypto Coins
Decentralized asset management tool VC Spectra (SPCT) is having an incredible debut year after registering impressive returns for its investors. Launched earlier this year, VC Spectra (SPCT) exists to help investors invest in the crypto market.
VC Spectra (SPCT) utilizes AI and other advanced technologies to identify solid blockchain projects and crowdfund them. The returns realized from these investments are shared with its VC Spectra (SPCT) token holders.
The more VC Spectra (SPCT) tokens one holds, the more dividends one will receive. Recently, VC Spectra entered its third presale stage, where each token is going for $0.044. Investors that got in early at the first presale stage when SPCT was priced at $0.008 have already made 450% on their investment.
Those who got in at the second presale stage when VC Spectra (SPCT) was selling for $0.011 made 300% on their investment. The fourth presale stage price is coming soon, meaning investors that buy now will make a quick return and over 82% by the end of the presale stages, where the price will be $0.080. Also, they will get a 10% deposit bonus.
Find out more about the VC Spectra (SPCT) presale here:
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