Emerging Challenger to Avalanche (AVAX) and Dogecoin (DOGE) Makes Waves in the Cryptocurrency Market
The post Emerging Challenger to Avalanche (AVAX) and Dogecoin (DOGE) Makes Waves in the Cryptocurrency Market appeared first on Coinpedia Fintech News
The crypto landscape is abuzz with the latest developments as emerging players like VC Spectra (SPCT) begin to challenge top DeFi coins such as Avalanche (AVAX) and Dogecoin (DOGE). Mirai Labs’ migration to an Avalanche Subnet and the increasing interest from investors in Dogecoin, alongside the impressive presale performance of VC Spectra, is signalling a dynamic shift in the market. Let’s learn more.
Summary
Mirai Labs’ shift to an Avalanche Subnet is bringing new games and features to AVAX.
Retail and whale investors are showing a growing interest in Dogecoin (DOGE), with buy orders dominating the market.
VC Spectra (SPCT) focuses on asset management and trading and leverages AI to optimize returns.
Mirai Labs Migrates to Avalanche (AVAX) Subnet
On December 12, Avalanche (AVAX) announced that Mirai Labs, creators of popular games like Pegaxy and Petopia, are transitioning their operations to the Mirai Chain, an Avalanche Subnet. Mirai Labs will offer a variety of features on the Avalanche (AVAX) subnet, including popular games, a native token, and unique social and payment applications.
Besides, AVAX price has seen significant growth recently, outperforming the top 5 cryptocurrencies including Bitcoin. AVAX price surged over 90% over the 30 days, trading around $35 on December 12. This rise is particularly notable as AVAX price had minimal movement most of the year, only gaining momentum from November.
AVAX price prediction suggests strong buying pressure, with the MACD displaying a consistent green histogram, indicating the potential for further price gains. However, Avalanche (AVAX) fails to maintain the $40 support level above. Experts predict if Avalanche (AVAX) can’t stay above $35, it might go down to $25. As a result, investors might migrate to new DeFi companies like VC Spectra (SPCT).
Dogecoin (DOGE) Sees Interest From Retail and Whale Investors
Dogecoin (DOGE) is seeing increased interest from retail investors, with large buy orders surpassing sell orders in the market. This trend is evident from the dominant buy walls in major exchanges’ order books. According to IntoTheBlock, Dogecoin bidders outnumber askers, with 444.28 million DOGE in buy orders compared to 318.8 million DOGE in sell orders.
Additionally, there’s notable activity from DOGE whales, with a 20% increase in large transactions of over $100,000. On December 12, Dogecoin (DOGE) was trading around $0.09. Despite resistance at the $0.10 level, this combination of strong retail buying and large investor activity indicates a positive DOGE price prediction. Dogecoin prediction suggests there will be a delayed rally that could push its price above $0.15.
Besides, Dogecoin prediction shows the key factor for this rally would be overcoming the $0.10 resistance and establishing it as a support level. Looking forward, the broader market’s downside bias continues to impact Dogecoin prediction. DOGE investors might look for a better investment opportunity in other top altcoins.
VC Spectra (SPCT) Rises With Impressive Presale Performance
VC Spectra (SPCT), emerging as a dynamic contender against top crypto coins like Avalanche (AVAX) and Dogecoin (DOGE), is rapidly gaining traction in the crypto market. Throughout its ongoing presale, VC Spectra has experienced significant growth, with the SPCT token price soaring by 862.5% till Stage 5. The shift from $0.066 on Stage 4 to $0.077 on Stage 5 alone marked a 16.6% increase in token price.
Owing to exceptional demand, VC Spectra (SPCT) is poised to surpass its initial price forecast of $0.080 by the end of the presale. VC Spectra (SPCT) operates as a decentralized asset management protocol and trading platform, aiming to provide a secure, transparent, and profitable investment experience for its users.
It utilizes AI to maximize returns and provides quarterly dividends, aligning its interests with those of its investors. VC Spectra’s investment approach includes careful portfolio selection of new ICOs, strategic capital allocation, and active involvement in value creation for its portfolio companies.
Besides, VC Spectra (SPCT) employs sophisticated algorithmic and systematic trading strategies. These include high-frequency algorithms and machine learning techniques to analyze real-time market data, optimize returns, and minimize risks for investors. VC Spectra intends to list the SPCT tokens on major exchanges, continuing its trajectory of growth and market impact.
Learn more about the VC Spectra presale:
Buy Presale: https://invest.vcspectra.io/login
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Filed under: Bitcoin - @ December 15, 2023 4:25 am