Meme Coins Shiba Inu (SHIB) and Pepe (PEPE) Cannot Compete with Real-Life Utility

2023-08-29 14:15:25

While meme coins like Shiba Inu (SHIB) and Pepe (PEPE) have gained attention due to their cultural virality, they stand in stark contrast to utility-driven tokens like VC Spectra (SPCT). SPCT, backed by tangible use cases within its eco, offers real-life applications and investment opportunities.

Let’s see which of the three will come out the strongest and most profitable out of this bearish run.

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New Shiba Inu (SHIB) Address Received Huge Amount of SHIB

On August 21, Whale reported a transfer of 4.6 trillion Shiba Inu (SHIB) worth $37.1 million between unknown wallets. The sending and receiving wallets are new, with the latter having recorded only the massive 4.6 trillion SHIB transaction.

The large Shiba Inu (SHIB) transfer could indicate a sale, a whale redistributing assets, or an exchange shifting its SHIB to a new address.

Shiba Inu (SHIB) is currently priced at $0.0000079, seeing a 2.17% decrease since August 21. Moreover, whale activity has triggered Shiba Inu (SHIB) investors and created a doubtful environment. Yet, Shiba Inu holds a market capitalization of $4.6 billion, placing it 15th in the rankings.

Crypto analysts note Shiba Inu’s drop below $0.0000080, with market uncertainty and rising trade volumes, is limiting its recovery chances. On the other hand, experts say if Shiba Inu (SHIB) crosses $0.0000085, it might start approaching $0.000010.

The Pepe (PEPE) Team Warns About Fake OpenSea NFTs

On July 16, a warning about a fraudulent Pepe (PEPE) coin claiming NFT trending on OpenSea was issued. The Pepe team reminded everyone on the X platform that they aren’t offering airdrops, staking, giveaways, or NFTs. A plea was also made to OpenSea to remove the scam from their site.

PEPE was trading at $0.000001671 on July 16. It decreased by 36.45% since, currently trading at $0.000001062. Also, PEPE has been down by 20.56% in the past seven days due to recent crypto turmoil.

Investors are worried about bearish sentiment in the market. Technical analysts note that while the Pepe coin showed promise with a morning star candlestick pattern, its ongoing decline is hard to ignore. However, they also point to multiple instances where PEPE has rebounded, indicating sustained buyer interest and potential for future recoveries.

VC Spectra (SPCT) Is Offering High ROI with Real-world Utility

Decentralized hedge fund VC Spectra (SPCT) has created ripples in the crypto domain, offering groundbreaking returns in its presales. The ongoing Stage 3 presale yielded a staggering 212.5% gain for Stage 1 investors. With predictions of VC Spectra (SPCT) reaching $0.08 by the presale’s end, the token promises substantial returns for its investors.

The VC Spectra token–SPCT is created on the BRC-20 standard within the Bitcoin blockchain. SPCT offers a gateway to ious benefits on the VC Spectra platform. These range from quarterly dividends and buybacks to granting holders early access to ICOs, underlining their potential and utility in the crypto eco.

As demand for VC Spectra’s services rises and more investors join the eco, SPCT’s value is anticipated to surge. This growth is further bolstered by the deflationary nature of VC Spectra (SPCT), including a token burn mechanism and investments in high-potential blockchain projects.

VC Spectra is a paradigm shift aiming to democratize crypto investments. By offering a platform that bridges advanced investment opportunities with those possessing minimal industry insights, VC Spectra (SPCT) is poised to redefine blockchain investment norms, making it a force to reckon with in the crypto world.