Monero (XMR) and OKB Stall Out – VC Spectra Looks to End July 2023 with Even More Momentum

by Coinworldstory

Monero (XMR) tweeted an invitation for all South Africa-based crypto enthusiasts for yet another #MoneroMeetUp campaign. One trader asked when it would meet its holders’ expectations of seeing a breakout above $170. Meanwhile, OKB’s OKX chain thrilled BTC holders after launching its ordinance marketplace. However, its price continues to bore a hole. Fortunately, VC Spectra (SPCT) comes as the superhero that blows away the cloud of disappointment from the letdown of XMR and OKB on investors’ expectations.


Monero (XMR) Moves Sideways as Traders Eavesdrop With Another

Monero (XMR) faced some privacy-related issues lately, which have escalated to alarming levels. Because of the reduced activity on Monero’s (XMR) network, some holders trimmed their position, which led to increased selling pressure since last week.

Before the grapevine discussions on Monero’s (XMR) privacy concerns, crypto enthusiasts bullishly traded this token. From June 15 to 27, a total of 13 trading days, Monero (XMR) printed 100% green candlesticks. Monero (XMR) prides itself on untraceability and unlinkability. Ironically, it ran out of strength for these same reasons, climbing the stairs toward the resistance at $169.

Monero (XMR) has been last seen resting between $161 and $170 for almost a month. Those who have a bearish bias are waiting for a break below $160, while the hopeful bulls are buying the dips, confidently believing that they’re buying more for less for doing so. Analysts have a consensus bearish sentiment on this token, recommending to wait near $160 before entering a new position.

Do OKB Enthusiasts Still Feel Okay Trading the Name?

It’s been like an anemic or pale year so far for OKB, as its price has stuck between $40 and $58 within the first two quarters of 2023. One former OKB holder said he stopped trading the name due to regulatory issues, high volatility, and slow processing times. 

OKB has less buzz than other tokens on Twitter. Crypto analysts and experienced traders consider the lack of social interaction as a bearish signal.

One analyst said that OKB’s price action trajectory is topsy-turvy because previous holders shifted their funds to more promising tokens. That is the logical thing to do instead of letting your money stay idle in a non-performing token.

The bearish traders of OKB are waiting for a breakdown below $40 for a better reward-to-risk ratio. On the other hand, those who chose to hold their position hope to see OKB break above $47 so they can either top up or sell on strength. The consensus sentiment of analysts for OKB is neutral, with a bearish bias.

VC Spectra (SPCT) Strikes Again With a Promising Stage 2 of Public Presale

In fairness, both Monero (XMR) and OKB had their profitable months. But in any investment asset, you’re better off not having an emotional attachment so you don’t brainwash yourself into buying when you should reduce your exposure. In that light, crypto traders have noticed the gem in VC Spectra (SPCT), a decentralized hedge fund working on democratizing blockchain technology while making it profitable for VC Spectra investors.

VC Spectra (SPCT) secured $2.4 million from the private seed sale and sold 125 million VC Spectra (SPCT) tokens in Stage 1 worth $0.008 each. Stage 2 of the public presale offers 125 million more tokens sold at $0.011 apiece. Stage 1 investors hit the jackpot with their 37.50% profit. VC Spectra’s (SPCT) Stage 2 is 15% complete, with only a little over 106 million remaining tokens for this public presale, as shown on their website.

Stage 3 of VC Spectra (SPCT) is just around the corner. Stage 3 tokens will be sold at $0.025 apiece, giving Stage 2 investors a profit of 127.27%. Crypto investors have confidence in VC Spectra (SPCT) due to its smart and achievable value propositions for investors, as outlined in its whitepaper. Analysts forecast that Stage 2 will be 30% to 40% complete on or before the end of July.

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