Although Monero (XMR) and Filecoin (FIL) are leading in their respective niches, they have yet to achieve the expected price performance. Meanwhile, VC Spectra (SPCT) is on an uptrend, with investors buying dozens of tokens. As the third stage of the VC Spectra Presale (SPCT) is just around the corner, there's still time to grab a bargain right now. After we cover the news about Monero (XMR) and Filecoin (F
IL), find out the particulars later.
Binance Reverses Decision to Withdraw Monero (XMR) and Other Privacy-Focused Tokens
Despite a loyal user base, many countries have tightened their regulations on privacy-focused tokens like Monero (XMR) due to their criminal potential. For these reasons, Binance initially withdrew privacy-focused tokens such as Monero (XMR) and Zcash (ZEC) from several European countries starting June 26, 2023.
However, the cryptocurrency exchange reversed this decision, which was welcomed given that Binance holds the largest market share for Monero (XMR). While Monero (XMR) remains the leading privacy-focused cryptocurrency, its price has stagnated since July 2023. Monero (XMR) will likely break below the $ 155 support, potentially starting a downtrend.
With that in mind, most forecasts call for a peak value of $200 for Monero (XMR) by 2024. Now let's look at Filecoin (FIL), which follows a similar price trajectory.
LongHashX partners with Filecoin (FIL) to launch FVM Genesis
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The launch of the Filecoin Virtual Machine (FVM) in March 2023 was one of the significant developments of Filecoin (FIL). This EVM-inspired addition enables developers to create decentralized applications and smart contracts. Since the release of the FVM, the use of Filecoin (FIL) has rapidly gained popularity.
LongHashX, an Asian Web3 accelerator, created the FVM Genesis Accelerator. This 12-week program will equip developers with the funds and knowledge to launch their FVM projects successfully.
One of the goals is to increase the adoption of Filecoin (FIL), given its stagnant price. Filecoin (FIL) started declining in July, dropping 17% from $5 to $4.10.
However, given the continued dominance of Filecoin (FIL) on decentralized storage networks, it would not be surprising to see the token reach $10 by 2024.
VC Spectra (SPCT) is another decentralized platform expected to have a strong influence on asset management soon.
VC Spectra (SPCT) Set to Become Unstoppable in the World of Decentralized Security Funds
It all started when VC Spectra (SPCT) secured $2.4 million in two weeks in its private token sale. Now, the platform is rapidly advancing into the second stage of the presale. Investors injected more funding, aligning with VC Spectra's (SPCT) vision of high returns in resilient markets going forward.
VC Spectra (SPCT) is a new decentralized security fund and trading platform for emerging blockchain and technology companies. It is supported by a team of experts who will carry out meticulous checks for each project. Additionally, VC Spectra (SPCT) will apply advanced strategies such as a Decentralized Security Fund and Diversification to manage risk while securing profits for investors.
In the spirit of decentralization, no middleman intervention exists with VC Spectra (SPCT). This allows users to control their assets, receive automatic payments, and play a role in the platform's governance.
The Spectra (SPCT) token must have voting rights and influence critical decisions. It also offers quarterly dividends through buybacks, access to new ICOs during their private sale stages, and additional tokens by keeping your current ones.
You can get SPCT at a bargain price of $0.011. Less than 40% of the tokens are available in the second presale stage, and the third stage introduces a 127% higher price, at $0.025. Analysts expect SPCT to trade at $0.08 once the presale ends, more than seven times its current value (627%). With this incredible potential, investing in VC Spectra (SPCT) is a no-brainer.
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