Amidst the renewed crypto market resurgence, Cosmos (ATOM) and Filecoin (FIL) investors are flocking to the best crypto to invest in today. While the price of ATOM and FIL are rising, this new token appears likely to deliver massive gains in the long term.
Why are Cosmos (ATOM) and Filecoin (FIL) investors picking this new coin?
Summary
- Cosmos (ATOM) continues to develop its IBC to connect Bitcoin, and projections show it may reach $10 by the end of the year.
- Filecoin (FIL) aims for $6 as storage demand rises 45% Q-on-Q.
- VC Spectra (SPCT) investors earn 587% profit in public presale stage 4.
Ecosystem Development Boosts Cosmos (ATOM) Price And Profile
On October 31, Cosmos (ATOM) announced the launch of the Inter-Blockchain Communication Protocol (IBC) on Avalanche (AVAX), enabling the connection of over 100 IBC-compliant chains. Despite the significance of the development, Cosmos ATOM fell 2% from $8.11 to $7.93 the following day.
Additionally, through Nomic, an IBC-enabled Bitcoin (BTC) bridge, Cosmos (ATOM) creates a seamless connection of prominent cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH).
Meanwhile, Cosmos (ATOM) investors, encouraged by the increased development activity, renewed demand and caused a Cosmos ATOM price surge. In the week of October 23 to 31, Cosmos (ATOM) gained 20% as it moved from $6.72 to $8.11.
Based on the Cosmos (ATOM) market performance, market experts express a bullish sentiment. Further, technical analysis confirms bullishness with the Cosmos (ATOM) RSI rising, with enough room before reaching the overbought region.
Therefore, market analysts project Cosmos ATOM may reach $10 by the end of the year.
Filecoin (FIL) Price Spikes As Storage Customers Grow
The October 23, Messari State of Filecoin (FIL) report showed the tremendous growth Filecoin (FIL) experienced by Q3 2023. The report indicated a 45% spike in Filecoin demand in Q3 and a 73% revenue reduction. Consequently, the Filecoin (FIL) price spiked 12.5% from $3.42 to $3.85 the following day.
The beginning of Q4 saw Filecoin (FIL) return to profitability after a downtrend in Q3. Consequently, Filecoin (FIL) gained 15% in October, as its price moved from $3.35 to $3.86, showing considerable bullish strength, thanks to its continued ecosystem development.
Analysis of the Filecoin (FIL) price action indicates it has recently broken through a long-term price range between $3.2 and $3.5. On November 2, Filecoin (FIL) changed hands at $3.8, with projections showing a sustained bull run to the end of the year.
Based on the information, Filecoin price predictions showed it would rise 57% to $6 by the end of the year, making it a top crypto to buy.
VC Spectra (SPCT) Attracts Crypto Enthusiasts To Its Public Presale
While Cosmos (ATOM) and Filecoin (FIL) seek to maintain bullishness in Q3, their fans are flocking to VC Spectra (SPCT), a new DeFi project, for promised massive gains at the end of the ongoing public presale.
VC Spectra (SPCT) is a decentralized hedge fund pooling investor monies to invest in upcoming tech and blockchain companies. Furthermore, VC Spectra (SPCT) utilizes AI and systematic and algorithmic trading strategies for proper risk management and profitability.
Further, VC Spectra (SPCT) operates four investment funds. Shareholders determine where and how the money gets invested using the governance and native digital currency coin SPCT. Moreover, VC Spectra (SPCT) shares quarterly dividends and profit buybacks to SPCT holders based on the profits it makes.
The ongoing multi-stage public presale is currently in Stage 4. Investors can acquire tokens at $0.055, a 587% price surge from the initial $0.008.
Investors who buy VC Spectra (SPCT) at the current stage anticipate a significant profit at the final presale stage when the price reaches its projected value of $0.08. However, massive demand and price surges indicate the final price may be higher than projected.
Further, buying VC Spectra (SPCT) in the present stage guarantees more SPCT due to a significant purchase bonus.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Twitter: https://twitter.com/spectravcfund
Telegram: https://t.me/VCSpectra
This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
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