Investors Shift Away from Decentraland (MANA) and Immutable (IMX), Eyeing VC Spectra for Greater Prospects - Crypto News Flash

Recently, there has been a notable transition as investors veer away from established players like Decentraland (MANA) and Immutable (IMX). Many established investors are now focusing on the emerging potential of newcomers like VC Spectra (SPCT).

While it’s a new entrant, VC Spectra (SPCT) has outdone itself, having raised $2.4 million in its private seed sale and promising more. Is this the crypto to buy in the coming days? Let’s delve into it.

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Summary

• Analysts predict bullish momentum for Decentraland (MANA) despite SEC scrutiny.
• Immutable (IMX) surpasses expert projections in the aftermath of the DAO partnership.
• Investors flock to VC Spectra (SPCT) owing to lucrative gains.

Decentraland (MANA) Tokens Under SEC Scrutiny: Regulatory Impact Unveiled

On November 20, 2023, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against the cryptocurrency exchange Kraken. The SEC accused Kraken of operating an unregistered securities exchange and purportedly mixing customer funds with its own. As a result, crypto exchanges facilitating the trading of these tokens are obligated to undergo registration as securities exchanges.

According to the SEC, Kraken presently offers trading services for cryptocurrency assets that have previously been subjected to SEC enforcement actions due to their classification as crypto asset securities. Notable tokens within this category include Decentraland (MANA).

As would have been expected, the price of Decentraland (MANA) responded to SEC’s action negatively, falling from $0.4204 on the day of the lawsuit on November 20 to $0.3771 on November 21. Certainly, this fluctuation eliminates Decentraland (MANA) from the best crypto for beginners list

As of December 11, Decentraland is trading at $0.4926, marking a 17.17% increase since the lawsuit. This surge can be attributed to the December 6 collaboration between Decentraland Marketplace and Squid that empowers users to make multi-chain purchases within Decentraland’s marketplace.

Looking into the near future, analysts predict that Decentraland (MANA) is poised to surge by 15.47% from the current $0.4926 price to an anticipated price of $ 0.5688 by December 13.

Analyzing Immutable (IMX): Exceeding Forecasts in the Wake of DAO Partnership

Merit Circle DAO, a decentralized autonomous organization (DAO) focused on gaming, revealed on December 6, 2023, a strategic collaboration with the gaming platform Immutable. The objective is to broaden the DAO’s eco, which includes the open-source blockchain network Beam and the native digital asset marketplace Sphere. This expansion will be achieved by leveraging Immutable’s platform and technology.

As expected, Immutable (IMX) price responded positively to the news. Immutable (IMX) has since surged from $1.39 on December 6 to its current price of $1.94 on December 11. This signifies a 39.57% increase within a week. As if that is not enough, Immutable (IMX) has surpassed analyst predictions by 2.10%, as they had predicted that Immutable (IMX) would be trading at $1.90 by December 16.

That’s impressive, but is there a better cryptocurrency to buy?

VC Spectra (SPCT) Gives Investors Numerous Reasons to Shift

The cryptocurrency realm is not short of new DeFi projects. Yet, VC Spectra (SPCT) stands out by offering a distinctive decentralized asset management program that aims to democratize private equity investing through blockchain technology. This innovative platform mobilizes funds globally, channeling them into forward-looking tech ventures and emerging web3 companies.

VC Spectra (SPCT) sets itself apart by harnessing the power of AI and implementing advanced financial trading strategies to ensure profitable investment outcomes for its participants

Aspiring VC Spectra (SPCT) investors can actively engage in the ongoing public presale, acquiring its Bitcoin-based native digital currency, SPCT. This digital asset facilitates swift and cost-effective transactions on the Spectra platform while enabling the distribution of quarterly dividends and profit buybacks. Moreover, SPCT grants users access to new ICOs in the ever-evolving cryptocurrency market.

The VC Spectra (SPCT) public presale has progressed through multiple stages, each witnessing substantial investor demand and subsequent price surges. Currently, in Stage 5, SPCT tokens are priced at $0.077, marking an impressive 862.5% surge from Stage 1, where the value was $0.008.

Initial projections by VC Spectra (SPCT) experts during the commencement of the public presale anticipated a $0.08 price. However, increased demand suggests that the ultimate VC Spectra (SPCT) price may surpass these earlier estimates, cementing SPCT as a compelling choice for those seeking the best cryptocurrency to invest in.

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