Despite their popularity, Filecoin (FIL) and Arbitrum (ARB) have lost considerable momentum in the past few months. This has made many holders doubt whether they are still altcoins to watch. What is worth observing is VC Spectra (SPCT), among the top defi projects this year and beyond.
It has achieved several milestones after raising $2.4 million in its private sale recently. Find out more later as we look at the latest developments and price predictions for Filecoin (FIL) and Arbitrum (ARB).
Four Charged In Chinese Filecoin (FIL) Pyramid Scheme
Four execs of Shenzhen Space-Time Cloud Technology, a Chinese-based Filecoin (FIL) mining group, face charges in an alleged $83 million pyramid scheme. Authorities have begun criminal proceedings over this Filecoin (FIL) mining company.
The execs lured users to acquire rental subscriptions or mining machines to mine Filecoin (FIL) for enticing yet exaggerated gains. Fortunately, this event didn’t affect Filecoin’s (FIL) price. However, it has lost almost 40% of its value since July 2023, mainly due to the overall crypto downturn. Yet, Filecoin (FIL) is now up 15% from $3.06 to $3.54.
So, what about Filecoin price predictions for the near future? Many Filecoin forecasts have factored in this little boost, indicating that the value could at least reach $5 (the recent high) by 2024.
With Filecoin (FIL) out of the way, let’s review Arbitrum.
PancakeSwap Launches Perpetual Contracts On Arbitrum (ARB)
Arbitrum (ARB) is one of the worst-performing Ethereum layer-2 networks. The Arbitrum price is near its all-time low of $0.91, trading at $0.98. Data shows downtrends in fundamentals for Arbitrum (ARB) in the past three months, like active addresses, transactions, total value locked, and revenue.
But not all hope is lost for Arbitrum (ARB). The latest good news for Arbitrum (ARB) involves PancakeSwap, which will launch perpetual contracts on the former. These will come with up to 150x leverage for trading pairs like ARB/USD, XRP/USD, DOGE/USD, and BTC/USD.
On the bright side, despite the current price action, Arbitrum (ARB) has yet to explore its full potential, given its token was released in 2023. Realistic Arbitrum price estimates suggest a minimum target of $1.50 by 2024, with the possibility to double in that year.
Let’s now get onto VC Spectra (SPCT) and see how it has surged lately, making it a worthy crypto.
VC Spectra (SPCT) Is Hedge Fund Reimagined
VC Spectra (SPCT) adds much-needed decentralization to the hedge fund of new, thriving blockchain and technology enterprises. Here, the key asset management operations, from storing funds to distributing profits, will be handled by smart contracts, thus eliminating unwanted intermediaries.
VC Spectra (SPCT) relies on a skilled team with experts in different fields to offer a precise selection process for identifying high-potential projects. Additionally, VC Spectra (SPCT) will apply advanced algorithmic and discretionary strategies to manage risks while ensuring profits.
The Spectra token (SPCT) is what users need to infuse and get paid with VC Spectra (SPCT). SPCT offers other incentives:
- Voting rights
- Quarterly dividends through buybacks
- Access to exclusive discounted pre-ICOs
In record time, VC Spectra (SPCT) has gone from $0.008 (in Stage 1) to $0.0011 (in Stage 2) to $0.025 in Stage 3. You’ll want to take advantage of the next jump in Stage 4, which is 32% (equaling $0.033). But it gets better!
Current holders realize a 220% boost with a new token value of $0.08 when VC Spectra (SPCT) launches. Thus, prepare your Ethereum or Bitcoin wallets to participate in this auspicious venture for returns in future-proof industries.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.