NEAR Protocol’s potential to reach $5: Analyzing the rise of a new Cryptocurrency amid Dogecoin’s forecast
The exciting times are back in the crypto market, as many top altcoins are in the green. Investors are busy finding gems with the potential to grow their portfolios spectacularly over the next few months. Some names experiencing an increase in interest include NEAR Protocol, Dogecoin (DOGE), and VC Spectra (SPCT).
Let’s explore what to expect from these projects over the next few months.
New partnership: Can the NEAR Protocol get to $5?
Supporters of NEAR Protocol can’t keep calm after the altcoin price grew by 92% over the past month. Now, many investors can’t help but wonder if the NEAR Protocol can push past the $5 barrier.
After all, the NEAR Protocol must grow an additional 172% to reach this mark. A closer look at the NEAR Protocol reveals that this goal might be achievable. Things have been going well lately for the Layer 1 protocol.
Recently, NEAR Protocol collaborated with EigenLayer to launch a fast finality layer to help process Ethereum rollup transactions in 3–4 seconds. According to Sreeram Kannan, founder of EigenLayer, the partnership leverages NEAR Protocols technology to make it easier, faster, and cheaper for developers to build on Ethereum.
The news has been quite bullish for the NEAR Protocol, which broke a significant resistance level at $1.88. NEAR Protocol investors will hope the altcoin can hold above the level before pushing for the next barrier at $2.40.
DOGE price prediction: Is Dogecoin dead?
The king of meme coins has enjoyed the recent influx of capital within the crypto market. Since Dogecoin (DOGE) lacks apparent utility, the altcoin relies on speculation to grow its price. Between October 19 and November 16, Dogecoin (DOGE) increased by over 50%.
Since then, Dogecoin has lost 14% of its value as momentum dies out, and as of November 22, DOGE is trading around $0.074. The altcoin price is falling fast as short-term investors seek quick profits. Dogecoin (DOGE) is facing crucial support at the $0.068 level. According to this DOGE price prediction, if it fails to hold, the recent uptrend will be broken.
The next support region lies at the $0.059 level for Dogecoin, where DOGE will revisit its mid-October levels. Still, given the excitement surrounding meme coins, increased trading volumes, and open interest, there is a chance Dogecoin (DOGE) will bounce off the $0.068 support and resume its ascent.
According to this DOGE price prediction, the next crucial level for Dogecoin lies at $0.086.
VC Spectra’s future looks bright as investors flock the project
Decentralized asset management protocol VC Spectra (SPCT) is experiencing unprecedented interest from investors. Open interest and trading volumes of SPCT have spiked over the past few months, reflecting well on the altcoin price.
Currently, VC Spectra (SPCT) is running its fourth presale stage. The token price has shot from $0.008 to $0.077, meaning first-stage investors have seen an ROI of 862.5%. At the start of the fourth presale stage, 125 million SPCT tokens were allocated, and only 7 million remained before the project went to the fifth stage.
SPCT is projected to rise above $0.08 by the end of the presale and even higher once it is listed on big exchanges. Interestingly, it’s not only the price action that is pulling investors to VC Spectra but also the project’s utility.
The decentralized hedge fund simplifies crypto investing and trading for its users through funds. Artificial intelligence and other advanced technologies are used to identify early-stage ICOs with potential before pooling them into investment funds.
These funds are diversified to boost returns for investors. All that is needed to access them are SPCT tokens.
Learn more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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