Expanding Beyond Kaspa (KAS): Industry Experts Suggest Investing in These Alternative Cryptocurrencies
In Brief
While Kaspa (KAS) has thrilled with its performance, investors are diversifying their portfolios. Find out their choice of the best cryptos to buy.
Kaspa (KAS) has established itself as one of the top crypto coins since its launch in 2021. However, it has lost some of that glory to the best alternative investment options today. One of those is dYdX (DYDX), which has been on an uptrend since the beginning of November 2023. The other is VC Spectra (SPCT), garnering immense attention because of its impressive returns in its ongoing public presale stages.
Let’s see why investors are diversifying their investment portfolios beyond top performer KAS, to SPCT and DYDX.
Summary
- Kaspa’s (KAS) price pulled back, but analysts predicted it could rebound to trade between $0.157 and $0.29 by the end of 2023.
- VC Spectra (SPCT) earliest investors anticipate a 900% increase before the end of 2023.
- dYdX’s recent decline could be overshadowed by growing interest pushing the price to trade between $6 and $7.
Kaspa (KAS) Digresses From Its Upward Trajectory, but Bulls Are Optimistic of a Recovery
Kaspa (KAS) has been recognized as one of the best-performing top altcoins in 2023. In addition to its significant gains this year, Kaspa’s (KAS) dedicated community and GHOSTDAG protocol have played a major role in its success.
Kaspa’s (KAS) November 2023 rally started at $0.050 and steadily increased to $0.093 on November 9. The surge occurred after Kaspa (KAS) was listed on CoinMarketCap, leading to speculation about possible backing from major exchange Binance.
Binance announced the listing of Kaspa (KAS) on November 17, resulting in a significant price surge that hit an all-time high of $0.154 on November 20. However, after reaching its peak, Kaspa’s (KAS) price experienced a correction, resulting in a decrease of $0.124 on November 21.
On November 26, Kaspa’s (KAS) price was $0.14, showing some recovery from previous lows but still below its all-time high. Despite the decline, analysts are optimistic about Kaspa (KAS) bullish trajectory, predicting a potential rise between $0.157 and $0.29 by the end of 2023.
VC Spectra (SPCT) Gets a Nod From the Experts As Investors Enjoy An 862.5% Increase.
Experts have hailed VC Spectra (SPCT) as a leading crypto for beginners and experienced investors. The experts base their recommendation on VC Spectra’s (SPCT) outstanding performance both in its private/seed sale and ongoing public presale.
Furthermore, VC Spectra’s (SPCT) innovative trading strategies as a decentralized hedge fund and trading protocol also position it as the best crypto to buy for out-of-this-world investment opportunities. The platform utilizes artificial intelligence (AI) to source for low-risk, high-yield investments in fintech and blockchain sectors..
Additionally, VC Spectra (SPCT) uses highly skilled financial professionals to conduct thorough due diligence and identify prospective investment opportunities. By doing this, investors can expect to get the most out of their investments with minimal losses.
Additional benefits for VC Spectra (SPCT) holders encompass exclusive access to new projects, voting rights, and quarterly dividends and buybacks.
Investors started expressing their confidence in VC Spectra (SPCT) when it raised $2.4 million in its private/seed sale. Now, in its ongoing public presale, the SPCT token has experienced a significant increase in value, reaching $0.077 from its starting token price of $0.008.
Stage 1 investors are celebrating a substantial profit of 862.5%. According to projections, the blockchain ICO will exceed the initial forecast of $0.08 before the end of its presale, resulting in a significant 900% increase for early investors.
dYdX (DYDX) Succumbs Under Mounting Pressure Over the Upcoming Token Unlock
dYdX is recognized as one of the best-performing top DeFi coins in the market. The coin opened its Q4 2023 rally at $1.95, and gradually rose to $2.09. On October 8. Subsequently, dYdX experienced a price correction on October 11, with the price dropping below $2. The price of dYdX decreased along with Bitcoin and other major altcoins after BTC fell below $27,000.
dYdX launched dYdX Chain V1.0 on October 24, 2023, and made the code open source. Following the upgrade, dYdX reached $2.47 and sustained an upward trend, partially influenced by the rise in Bitcoin’s price.
On November 11, dYdX reached a trading price of $3.19, surpassing the $3 mark. Following Grayscale’s re-filed application for a spot Bitcoin ETF, the crypto market surged, resulting in dYdX reaching an 18-month high of $4.34 on November 15.
The price of dYdX decreased from its peak on November 15 to $3.55 on November 26 due to increased whale activity. The decline may also have been triggered by mounting pressure over the upcoming token unlock scheduled for early December.
Analysts predict that the rise in active addresses may drive the price of dYdX to the range of $6 to $7 by the end of 2023 despite the current decline.
Learn more about the VC Spectra (SPCT) presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclaimer
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About The Author
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
More articles
Gregory, a digital nomad hailing from Poland, is not only a financial analyst but also a valuable contributor to various online magazines. With a wealth of experience in the financial industry, his insights and expertise have earned him recognition in numerous publications. Utilising his spare time effectively, Gregory is currently dedicated to writing a book about cryptocurrency and blockchain.
