September 1st, 2023 at 12:00 pm UTC · 3 min read
The past months have been detrimental for ApeCoin (APE). With Bored Ape Yacht NFTs losing traction, ApeCoin (APE) was placed on a descending swing, raising concerns about its future. Likewise, recent Pepe (PEPE) activities have raised concerns about a rug pull in Pepe’s community.
On a brighter note, VC Spectra (SPCT) has emerged as one of the best altcoins, generating a total of 212.5% returns for investors. Furthermore, it has been predicted to surge further before the end of its presale. Let’s find out more!
Bored Ape Yacht Club NFTs were one of the most popular NFTs last year. Sadly, they have started losing traction. Over the past months, the price of Bored Ape Yacht Club NFTs has been declining as part of a broader sell-off in the NFT market.
As of August 29, 2023, the floor price of a Bored Ape Yacht Club NFT is $44,500. This represents an 89% decline from its ATH of $430,000 in April 2022. Due to the declining interest in Bored Ape NFTs, ApeCoin (APE) has been thrown into a downtrend.
ApeCoin (APE) has been declining since last year after it lost footing on the $24 price level on April 28, 2022, and plummeted to $7.92 on May 19, 2022. Since then, ApeCoin (APE) has failed to regain momentum. As of August 29, 2023, ApeCoin (APE) is trading at $1.43. This indicates an 81% decline from ApeCoin’s (APE) price on May 19, 2022.
Despite the preceding decline in the price of Bored Ape Yacht NFTs, market analysts predict that ApeCoin (APE) will see some price action, taking it to $2.12 by the end of 2023.
On August 24, 2023, some Pepe developers changed the required signatures for token transfers from five-out-of-eight to two-out-of-eight. This made it easier for them to send out Pepe tokens, and they subsequently sent $16 million worth of PEPE to crypto exchanges.
Due to the transfer, Pepe experienced a 25% decline, falling from $0.0000011 to $0.00000082 between August 24 and August 25, 2023. Though the identities of the developers have not been confirmed, their recent activities have raised concerns of a rug pull in Pepe’s community.
Some market analysts believe that these moves are a sign that the developers are planning to abandon Pepe. Due to this, some experts predict that Pepe (PEPE) will crash to zero in 2023, meaning it’s currently not the best crypto to invest in.
With a strategic focus on high-potential early-stage projects, VC Spectra (SPCT) offers a fresh new way to yield substantial returns from investments. VC Spectra (SPCT) is a decentralized hedge fund that makes smart investments in blockchain and fintech projects through the use of AI technology.
VC Spectra (SPCT) aims to foster growth in the blockchain and technology industry while providing a leveled investment field for anyone, regardless of their financial and investment expertise. With a team of seasoned investment experts and algorithmic trading techniques, VC Spectra (SPCT) aims to accomplish this.
VC Spectra (SPCT) is currently in Stage 3 of its public presale, currently selling at $0.025. The token has made an impressive 212.5% price surge from its initial selling price of $0.008 during Stage 1 of its presale, and it doesn’t plan on stopping here.
With Stage 3 already in progress, VC Spectra (SPCT) has investors on the lookout for an incoming 32% price increase to $0.033 when it enters Stage 4 of its presale. VC Spectra’s (SPCT) ongoing price surge has led to experts tagging it as one of the best crypto investments in 2023.
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