Crypto investors appear to be exiting PEPE, drawing attention to a new token, VC Spectra (SPCT). This article examines recent developments that saw PEPE surge 47% in October.
- As of Oct. 31, 2023, PEPE was up 47% in price over the past month to $0.0000011, driven by a $5.5 million token burn, increased trading volume, and a broader meme coin trend, with analysts predicting a year-end target of $0.0000021.
- SPCT is a deflationary token being explored because of its growth potential. VC Spectra also offers dividends, buybacks, and voting rights, all on the Bitcoin blockchain.
PEPE rose 47% in October
At $0.0000011 by the end of October, PEPE added 47% in the last month. The spike is primarily because of specific developments in the broader PEPE ecosystem.
There was a $5.5 million token burn in the last week of October, reducing supply and making the token scarce. The burn also addressed concerns about a rogue developer flooding the market with PEPE.
At the same time, PEPE’s trading volume rose to $423 million, a 22% rise in the same week. The expansion pointed to growing interest among investors.
Besides PEPE, Dogecoin (DOGE) and Shiba Inu (SHIB) rose in October. This memecoin rally suggests that more crypto traders could be exploring speculative assets.
With this backdrop, analysts project PEPE to reach $0.0000021 by the end of the year.
VC Spectra on focus
As PEPE prices rose, investors were drawn to the coin. Meanwhile, VC Spectra, a decentralized hedge fund, is also being explored, with supporters remaining bullish on its prospects.
VC Spectra raised $2.4 million in its private seed sale before the ongoing multi-state presale, where the token was initially listed at $0.008.
The native token of VC Spectra, SPCT, is presently trading at $0.055, and supporters expect the token to reach $0.080 by the end of the presale.
VC Spectra offers investors quarterly dividends and buybacks based on the profits generated from its investments. Additionally, it provides users access to new ICOs during seed/private sales and voting rights to influence the platform’s direction.
SPCT is built on the Bitcoin blockchain. It serves various purposes, including exchange, decentralized trading, asset management, and paying transaction fees.
SPCT is also deflationary and has a burn mechanism that reduces token circulation over time, making it scarce.
Learn more about the VC Spectra presale here:
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