The post Shiba Inu’s Potential Ceiling: A Comparative Analysis with VC Spectra and Dogecoin appeared first on Coinpedia Fintech News
According to recent Shiba Inu news, the number of SHIB holders in loss is currently higher than those in profit. Elsewhere, Dogecoin faces rejection at two crucial resistance zones, which experts believe could slingshot DOGE to higher levels if the asset emerges victorious. Meanwhile, VC Spectra (SPCT) witnessed another bounce to a new price level, causing analysts to look beyond its target launch price.
Let’s find out which of these assets is the best cryptocurrency to invest in today.
Summary
- 91% of Shiba Inu holders are now wallowing in loss as SHIB prepares for a further downturn.
- Analysts have pointed out two resistance zones contingent for Dogecoin (DOGE) to witness any reasonable upswing.
- VC Spectra (SPCT) has entered Stage 4 of its public presale at $0.055.
Shiba Inu Tumbles With 91% Of SHIB Custodians At Loss
On October 16, blockchain information provider IntoTheBlock reported significant findings regarding Shiba Inu (SHIB). Per IntoTheBlock’s data, the majority of SHIB holders are presently at a loss, with the percentage rate culminating at 91%. That leaves only 9% of SHIB custodians in profit, with 1% somewhere in between.
Notably, Shiba Inu’s descent from its October 2021 all-time high of $0.00008616 contributed tremendously to the state of SHIB holders today. Per the record, Shiba Inu (SHIB) shed 92% of its market value during this time. Therefore, investors who acquired Shiba Inu (SHIB) at the ATH price have seen far greater losses to date.
Also, the last few months saw Shiba Inu (SHIB) teeter-totter between losses and gains. This unstable phenomenon is due to the high level of volatility upon Shiba Inu (SHIB). Nevertheless, crypto whale wallets holding Shiba Inu tokens currently own approximately 78% of SHIB’s total supply.
Analysts have voiced their opinions on potential price levels for SHIB following this Shiba Inu news. According to their SHIB price prediction, Shiba Inu is primed for further declines due to the current state of the general market. As a result, they expect Shiba Inu (SHIB) to slide as low as $0.0000064 in the coming weeks, indicating an anticipated 9.85% drop from the current price of $0.0000071.
VC Spectra (SPCT) Advances To The Fourth Stage Of Public Presale
VC Spectra (SPCT) is a decentralized hedge fund that manages and facilitates investments in blockchain-based projects and developing fintechs. It is also a trading and asset manager that offers impressive discounts and rewards to users or investors.
After investing in VC Spectra, each investor is entitled to quarterly dividends, SPCT buybacks from investment gains, and unlimited access to new ICOs. These perks constitute a fraction of the profitability plan VC Spectra has for its backers. VC Spectra also bestows investors with voting rights to enforce democratic practices.
At the center of VC Spectra is SPCT, a Bitcoin BRC-20 layered token built with a deflationary mechanism. This deflationary model initiates programmed token incineration at specific time frames. Hence, the value of SPCT may range higher at future dates.
VC Spectra (SPCT) recently advanced to the fourth stage of its public presale with a market value of $0.055. Therefore, investors who aped in from the first stage have secured 587.5% in profit to date. The rapid surge in SPCT’s value can be attributed to increased demand among institutional investors.
Hence, experts believe VC Spectra (SPCT) could exceed the target price of $0.080 at the end of the presale. Also, VC Spectra is giving a 10% bonus on every deposit to users, making SPCT one of the best cryptocurrencies to invest in today.
Dogecoin Arrives At A Breaking Point: What’s Next For DOGE?
On October 14, a renowned crypto analyst expressed his perception of Dogecoin (DOGE) amid an extended period of passiveness in the asset. Drawing from recent market data, Ali Martinez highlighted two pivotal regions that’ll determine Dogecoin’s future in the short term. Based on his assertion, one of these areas will propel Dogecoin (DOGE) upward while the other will trap the asset with the bears.
According to Martinez’s Dogecoin prediction, if DOGE closes above $0.0835 on the weekly chart, this could activate an upside rally for the asset. To further contextualize his Dogecoin prediction, Martinez added that DOGE might hit $1 in the process. Meanwhile, investors must be mindful of $0.0482 as a drop below that level could result in a drastic slump, also based on his Dogecoin prediction.
Martinez claimed that Dogecoin is currently sliding down a multi-year descending trend line, and the price levels mentioned earlier will determine where DOGE ends up next. As mentioned, based on Martinez’s Dogecoin price prediction, if DOGE closes above $0.0835, it will mean a 91.56% surge for its holders.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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