Meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) take power and often operate based on the market conditions surrounding the meme they were formed after.
Meanwhile, tokens like VC Spectra (SPCT) focus on real-life utility to make an impact. As a result, VC Spectra (SPCT) made over $2.4 million in private presale events, and the hype is far from the end during its public presale.
So, let’s put SPCT to the test – can it exceed giants DOGE and (SHIB) with its extensive application?
Dogecoin (DOGE) Is Struggling With Outsider Influence
Elon Musk influences Dogecoin (DOGE) more than the actual market. Small statements from Elon often translate to substantial changes in the Dogecoin (DOGE) trading pairs, which is rarely seen in actual market conditions.
Quite recently, a tweet staking MrBeast Bruger’s announcement to accept Dogecoin (DOGE) as a payment method from Elon Musk sparked increased market interest in DOGE. As a result, the price soared above $0.070. This was after McDonald’s, a rival restaurant chain, initially refused to accept Dogecoin as payment when asked by Elon.
Significantly, McDonald’s replied to Elon Musk’s statement that it’d only accept Dogecoin (DOGE) if Tesla accepts payments via Grimacecoin (GRIMACE).
Since the news, DOGE has looked toward a bullish market. With a market cap of $10 billion and a decent 24hr trading volume of $270 million, market interest in Dogecoin is strong.
Further empowered by a strong support zone at $0.065, Dogecoin (DOGE) repeatedly moves to cross the $0.070 resistance line.
Users Are Finally Shaping The Future of Shiba Inu (SHIB)
Shiba Inu (SHIB) is a meme coin based on DOGE—a meme upon a meme, as some would say. However, Shiba Inu (SHIB) follows its path and often needs to catch up to the capabilities of Dogecoin (DOGE).
In the past 24hrs, the trading volume of Shiba Inu (SHIB) has soared 7.38% to $117 million. As a result, Shiba Inu (SHIB) is starting to be taken a little more seriously by the market as it approaches its weekly high on July 4th, 2023.
This sudden surge of Shiba Inu is primarily attributed to a significant purchase earlier this week by ‘whales’ (large-scale investors), who bought 7 trillion SHIB coins, with an additional 25 billion SHIB being deposited into a Binance wallet.
The future of Shiba Inu (SHIB) is looking secure as it starts following market trends instead of being influenced by memes or tweets.
VC Spectra (SPCT) Is Redefining Asset Management With Its Blockchain
VC Spectra (SPCT), unlike Shiba Inu (SHIB) and Dogecoin (DOGE), is based on real-life utility and operates by a set of rules and objectives. Using its AI-leveraged ecosystem, the VC Spectra blockchain offers redefined asset management techniques and risk-free investments.
With its BRC-20 token, VC Spectra (SPCT) aims to create opportunities for generating sustainable income through safe investments in ICOs and other startups within the blockchain. The platform has also announced that its VC Spectra (SPCT) tokens are deflationary.
Further, VC Spectra (SPCT) is implementing strong investment strategies to empower its expert capitalist teams and create suitable user opportunities in the digital asset management industry.
VC Spectra (SPCT) has sold over 60% of the allocated 125 million tokens in stage 1 of its public presale and raised more than $2.4 million in private presale events.
Instead of offering tokens at $0.008 like in Stage 1 of the presale, Stage 2 will raise the price of VC Spectra (SPCT) tokens by 37.5% to $0.011. Eventually, in consecutive presale stages, this SPCT price is to reach the desired launch price target of $0.08. Ultimately, this will result in a 900% surge in the value of VC Spectra (SPCT) tokens.
Learn more about VC Spectra (SPCT) presale on the following links:
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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