After a protracted period of down-only, crypto analysts slowly see light at the end of the tunnel. VC Spectra (SPCT) is seen as the best crypto to buy after raising $2.4 million during its private seed sale. Meanwhile, Solana (SOL) got the nod from analysts after announcing that it had enabled confidential transactions. Elsewhere, Polygon (MATIC) is projected to see brighter days ahead despite the network’s co-founder stepping down.
Are SPCT, SOL, and MATIC the best cryptos to buy now? Let’s delve into analysis!
- VC Spectra has granted investors a 587% gain during the presale to date.
- Analysts project a price increase to $25 for Solana in 2023.
- Polygon is tipped to hit $1 in Q1 2024 following recent developments.
Is VC Spectra (SPCT) the best crypto to invest in now?
VC Spectra is a decentralized hedge fund and asset management protocol that leverages AI to make high-yield, low-risk investments in promising crypto projects. The main objective of VC Spectra is to empower new and experienced investors to make profitable investments in a democratic, simplified manner.
At the core of VC Spectra is SPCT, a BRC-20 token standard offering its holders several benefits. Since VC Spectra (SPCT) is a deflationary token, its value and scarcity will rise over time. Moreover, the value of VC Spectra is already going up during the ongoing presale.
VC Spectra (SPCT) has spiked to $0.055 in Stage 4 of the presale, giving Stage 1 investors a return of 587%. But all is not lost yet. The price of SPCT tokens is projected to exceed the $0.080 mark by the end of the presale. For this reason, analysts say SPCT is a good crypto to buy for short-term profit-taking and long-term holding.
Is Solana a good investment? SOL forecast for 2023
Solana (SOL) announced on October 6 that it has introduced Confidential Transfers, a new feature that uses zero-knowledge proofs to mask SPL token transactions and balances. The focus of the new feature is to improve confidentiality rather than anonymity.
However, this set of Solana news did not translate to a SOL crypto price boost. Solana is down 5.6% as the SOL crypto price dropped from $23.35 on October 6 to $22.05 on October 14. Moreover, Solana will fall to $21 in October.
However, analysts are confident that Solana (SOL) will bounce back as Solana remained strong after FTX won approval to sell SOL tokens worth $1.6 billion. So, this drop to $21 would lead to a Solana reversal that could see a SOL crypto price of $25 by the end of the year. For this reason, analysts say that Solana is one of the best altcoins to invest in.
Polygon price prediction after co-founder’s departure
Jaynti Kanani, the co-founder of Polygon (MATIC), announced he is stepping back from the “day-to-day grind” of working on the network on October 4. As expected, this set of Polygon MATIC news did not bode well on the MATIC price.
Polygon is down 11.83% after the price of MATIC fell from $0.5899 on October 4 to $0.5201 on October 14. Despite the fall, analysts hold an optimistic Polygon price prediction as they think MATIC has much upside potential.
Polygon is expected to drop to $0.5065 in the short term. However, a projected reversal should pump Polygon (MATIC) to $1 in Q1 2024. This optimistic Polygon price prediction is based on MATIC’s historical price performance and the Polygon 2.0 Goreli testnet launch.
Learn more about the VC Spectra presale here:-
Disclaimer: This article is sponsored content and is not financial advice. CryptoNewsZ does not endorse or guarantee the accuracy of the content. Readers should verify information independently and exercise caution when dealing with any mentioned company. Investing in cryptocurrencies is risky, and seeking advice from a qualified professional is recommended.