New York’s cryptocurrency regulatory body, NYFSA, has made a significant decision by excluding XRP (XRP) and Dogecoin (DOGE) from its coveted ‘Greenlist.’ This move has stirred discussions and raised questions about its potential impact on other top altcoins, including VC Spectra (SPCT).
Discover the implications of this regulatory stance for VC Spectra and how it may influence investors’ choice of the best coins to invest in October.
Here’s Why New York’s Regulatory Institutions Reject Dogecoin and XRP
Dogecoin (DOGE) and XRP (XRP) have been removed from the so-called “green list” due to their failure to meet the criteria established by the New York Financial Supervisory Authority (NYFSA) on September 19.
This move highlights the increasing scrutiny and regulation within the cryptocurrency sector in the United States as regulatory authorities seek to establish clear guidelines and standards for digital assets. Dogecoin and Ripple’s removal from the green list implies they may face more stringent regulatory requirements, ultimately hurting their status as top crypto coins.
XRP (XRP) In Battle With Another Legal Body Of The US
XRP (XRP), a cryptocurrency associated with Ripple, continues to face legal challenges in the United States. The cryptocurrency has been embroiled in a legal battle with various regulatory bodies in the U.S., primarily the U.S. Securities and Exchange Commission (SEC). In the latest XRP news today, the token faces the NYFSA as it removes the crypto from its green list. However, it appears that the news did not affect the XRP crypto price.
After the announcement on September 21, the XRP crypto price has all but recovered to the upper support region of $0.52. This comes right after XRP crypto price dropped to its monthly low of $0.46 on September 12.
Experts attribute the growing trust of investors in the token after its win against the SEC earlier in August as the perpetrator of the token’s resilience.
Dogecoin (DOGE): From Millionaire Maker To Destroyer In A Month
Elon Musk’s involvement and influence on Dogecoin (DOGE) have been the subject of significant speculation and discussion within the cryptocurrency community. The revelation of Musk’s financial contributions to DOGE’s development, along with rumors of his advisory role within the Dogecoin Foundation, added fuel to the ongoing debate about his impact on the DOGE price prediction.
However, despite these developments and Musk’s association with Dogecoin, the cryptocurrency experienced a 6.34% decline in value between August 29 and September 21, dropping its price from $0.067 to $0.063. This decline is partly due to the ongoing lawsuit against Musk and the removal of Dogecoin from the NYFSA’s green list on September 19.
According to experts, this might not be the best time to buy Dogecoin as its future remains bearish. If, however, you are keen to buy Dogecoin, you should know that DOGE has lost momentum over the past few days, and trading volume is in the reds.
VC Spectra (SPCT), however, presents an excellent investment avenue. So, do not buy Dogecoin just yet; check out what SPCT has to offer.
VC Spectra (SPCT) Captures Investors From DOGE, XRP And Rises 300%
VC Spectra (SPCT) has been making significant waves in the cryptocurrency market, attracting investors from the best altcoins like DOGE and XRP. With a remarkable rise of 312.5% during Stage 3 of its presale, SPCT has garnered attention for its impressive performance.
In the past, SPCT has shown similar performance, with its private presale raising $2.4 million and the ongoing public presale registering a 32% ROI for investors in Stage 3 as the token hit $0.033 from $0.025.
Investors are increasingly turning to SPCT due to its innovative approach to blockchain asset management and its commitment to providing access to exclusive presales and ICOs. This decentralized hedge fund has demonstrated substantial potential, drawing comparisons with established cryptocurrencies like DOGE and XRP.
As VC Spectra continues to gain momentum, it offers investors a unique opportunity to participate in the growth of a promising blockchain venture. Its robust selection process, expert evaluation, and deflationary token model contribute to its appeal as the best crypto to invest in October.
About SPCT presale here:
Website: https://vcspectra.io/
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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