The recent partnership between The Sandbox VR and Netflix triggered a sharp increase in the price of SAND. Meanwhile, ZEC continues to tread upward despite concerns surrounding Zcash. However, these top crypto coins have yet to be able to match the sizable growth of VC Spectra (SPCT).
How did SPCT outperform top crypto coins like SAND and ZEC? Let’s find out!
Summary
- The Sandbox partnered with Netflix to reveal the first Squid Game virtual world.
- ViaBTC’s 51% hash power raised concerns about the security of Zcash (ZEC).
- VC Spectra (SPCT) outbids its rivals with a 142.42% growth projection for 2023.
The Sandbox Partners With Netflix, SAND Surges
On September 19, The Sandbox VR, a virtual environment architect, announced a partnership with Netflix to launch the world’s first virtual reality experience based on the popular K-drama Squid Game. The Sandbox VR is currently accepting registrations for the game at their locations, and the game itself is set to launch on September 29.
After its release, Squid Game became the most streamed series on Netflix, bagging 265 million views. Thanks to The Sandbox VR, Squid Game fans can experience the Squid Game virtually. Interestingly, the launch will take place at over 40 different locations.
The game centers around vital elements from the series, commuting players to various locations featured in the show. At these destinations, participants will engage in intense challenges similar to those in the series. Notably, the virtual version is designed to be less graphic and gory than the original show, ensuring a wider audience can enjoy it.
Despite the exciting news, the impact on The Sandbox token (SAND) price was relatively modest, with only a 0.80% increase from $0.300 to $0.303 on September 19. However, there was a more notable uptick between September 24 and September 28, with SAND rising by 3.31% from $0.296 to $0.306.
Experts are optimistic that the anticipation surrounding the game will continue to drive the price of The Sandbox token higher, making SAND a good cryptocurrency to invest in today.
Zcash (ZEC) Hash Rate Usurp Brews Security Concerns For Privacy Tokens
Following ViaBTC’s acquisition of 51% of ZCash’s mining pool, concerns have arisen among investors and exchanges regarding privacy-focused tokens like ZEC. These concerns primarily revolve around the possibility of miners or malicious actors exploiting Zcash’s hash rate to manipulate the price of ZEC.
It’s important to note that Zcash (ZEC) operates on the proof-of-work (PoW) layer, similar to Bitcoin (BTC), and is categorized as a privacy coin. As a PoW asset, ZEC miners play a critical role in validating each transaction and adding new blocks to the Zcash blockchain. They achieve this by performing complex cryptographic calculations using computational power, measured in hash rates.
Usually, the combined hashing power of all active miners ensures the security and decentralization of the Zcash blockchain. However, when a single entity like ViaBTC controls more than 51% of the hash power, it raises concerns about potential vulnerabilities. In this scenario, there’s a risk of a 51% attack, where the mining pool could engage in double spending without being easily detected, undermining the integrity of the Zcash network.
Despite recent developments, Zcash (ZEC) has maintained its upward trajectory. In September, ZEC has risen by 6.14%, going from $24.26 to the current price of $26.28. Experts anticipate a potential 83.49% increase, reaching $48.18 by the end of 2023 if a bullish market trend continues.
Due to this prediction, ZEC might also be a good crypto to invest in today.
VC Spectra: The Unstoppable Force Taking The Crypto Scene By Storm
Despite the strength of The Sandbox (SAND) and Zcash (ZEC), VC Spectra (SPCT) has proven a stronger contender in the triad battle. VC Spectra (SPCT) is a relatively new project on a mission to revamp blockchain investment.
VC Spectra (SPCT) offers the best trading experience through its astounding mechanics as a decentralized trading platform. Investors of VC Spectra have the opportunity to benefit from quarterly dividends and a buyback program.
Investing in VC Spectra can open the threshold to several blockchain niche markets and new ICOs. As shareholders within the protocol, VC Spectra users are awarded voting rights.
VC Spectra is in Stage 3 of its public presale, priced at $0.033. VC Spectra (SPCT) is primed for a 33.33% jump to $0.044 in Stage 4. However, VC Spectra investors will benefit from a 142.42% surge when SPCT reaches $0.080 in the final stage of the public presale.
Additionally, each deposit on the platform will attract a 50% cashback.
Learn more about the VC Spectra presale here:
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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