Table of Contents
Despite skepticism from traditional financial figures like Berkshire Hathaway’s Vice Chairman Charlie Munger, the cryptocurrency market is experiencing a notable rally. bitcoin (BTC) maintains a strong dominance and bullish outlook, while Cosmos (ATOM) prices surge following interoperability advancements with Avalanche.
Amidst these developments, VC Spectra (SPCT) is making waves in the presale market, indicating potential for market-leading performance. Let’s explore more on these best altcoins along with bitcoin.
On November 5, Charlie Munger, Berkshire Hathaway’s vice chairman, criticized bitcoin and other top altcoins as disruptive to the financial system. He advocates for a solid currency’s role in societal advancement and suggests cryptocurrencies undermine this. Munger proposes that average investors focus on index funds over individual stock selection.
However, bitcoin dominance was over 50% on November 5. It was trading at around $35,000 and increased by over 25% in the past 30 days. bitcoin is holding good support at $34,000. Traders are optimistic about BTC price prediction and eyeing key price levels for continued upward momentum.
Crypto experts on BTC price prediction say the 200-period EMA is essential support. Analysts also predict bitcoin could hit $50,000, spurred by ETF approval hopes and a strong bull market. Speculation of a bitcoin Spot ETF and stable monetary policies contribute to the optimistic BTC price prediction. If BTC moves above $40,000, it will target for $50,000.
Cosmos (ATOM) Welcomes Avalanche Via IBC
In an exciting development for blockchain interoperability, Avalanche is gearing up to connect with the Cosmos network’s Inter-Blockchain Communication (IBC) protocol. The team behind this integration, Landslide, has announced the imminent launch of an incentivized test net scheduled for November 1.
Cosmos, one of the best DeFi projects, is expanding the reach of its IBC standard beyond Cosmos SDK chains, further solidifying its role in the industry. On November 5, Cosmos ATOM experienced a notable uptrend with a 7.75% increase, bringing its price to around $8.40. The price of Cosmos ATOM has been fluctuating, with bulls attempting but struggling to initiate a breakout above $8.70 point.
Technical analysis of Cosmos crypto indicates a bullish sentiment as both the 20-day and 50-day exponential MAs are trending upwards, and the RSI suggests growing bullish market control. However, the MACD indicator in the Cosmos ATOM chart hints at a potential shift to bearish territory, with support at $7.50 being critical to prevent further downside. If ATOM’s price surpasses the $8.70 mark, it could move toward the $9.50 resistance.
VC Spectra (SPCT) Is Offering Impressive Returns
VC Spectra (SPCT) is showcasing an impressive ascent in the crypto presale market, having witnessed a staggering 587.5% increase in its price, reaching $0.055 in Stage 4. Originally projected to hit $0.080 by the end of the public presale, VC Spectra (SPCT) is now on course to exceed this estimate due to surging demand as it gears up for its introduction to major crypto exchanges.
VC Spectra (SPCT) is a decentralized asset management protocol and trading platform designed to offer a secure, transparent, and potentially rewarding investment landscape for a diverse range of investors. It is determined to democratize the investment process within the blockchain and technology sectors, ensuring that individuals from various financial backgrounds and levels of expertise can participate with confidence and convenience.
VC Spectra (SPCT) differentiates itself with a steadfast commitment to sustainable and ethical investment practices, focusing exclusively on ventures that resonate with its foundational principles of sustainability, transparency, and social responsibility. By adhering to these values, VC Spectra aims to generate financial returns and make a constructive impact on society and the environment.
The platform relies on a decentralized, trustless blockchain infrastructure that is secured by sophisticated cryptography and smart contracts, thereby facilitating peer-to-peer trading and asset management. As VC Spectra, a new blockchain ICO, prepares for its next stage, it is a compelling option for investors seeking to engage with the blockchain space responsibly.
Learn more about the VC Spectra presale here:
### News source: cryptodaily.co.uk