In May 2023, Elon Musk cautioned investors not to “bet the farm” on Dogecoin (DOGE), causing token holders to enter the second half of the year with less optimism. Despite his discouraging outlook, both Dogecoin (DOGE) and Shiba Inu (SHIB) are on a bullish trajectory in the early days of July 2023. Nevertheless, investors are keeping their options open and turning to a brand new crypto with incredible utility for investment: VC Spectra (SPCT). This decentralized hedge fund raised $2.4 million in its seed/private sale and is currently recording impressive numbers in its public presale.
“Don’t Bet the Farm,” Says Dogecoin’s (DOGE) Biggest Supporter
Every crypto enthusiast knows Elon Musk is a big fan of Dogecoin (DOGE). Due to the influence of the Tesla billionaire, the token rose by over 23000%. In May 2023, Elon Musk shared his opinion on Dogecoin (DOGE) at The Wall Street Journal’s CEO Council Summit in London. He stated that while Dogecoin (DOGE) remains his favorite cryptocurrency, it would not be prudent to bet large amounts on this meme coin.
It is worth mentioning that Elon Musk has also been slammed with a $258 billion lawsuit for Dogecoin (DOGE) insider trading. In early June, a court filing accused the CEO of selling $124M worth of Dogecoin (DOGE) from two different wallets. However, Elon Musk has denied this allegation. According to him, the Dogecoin (DOGE) wallet was not his, and the lawsuit lacked basis.
Right now, Dogecoin (DOGE) investors are sitting on a flattened meme coin and are still hoping for a bullish breakout in the second half of 2023.
Shiba Inu (SHIB) Continues Ranging Movement, Investors Shy Away
Shiba Inu (SHIB), another popular meme coin that is sometimes referred to as the “Dogecoin killer,” lost its allure in the 2022 crypto bear season. Along with other major cryptocurrencies, Shiba Inu (SHIB) reacted to the market after the SEC lawsuit. In the first half of 2023, Shiba Inu (SHIB) saw a ranging price movement that indicates its investors are neither selling nor buying Shiba Inu (SHIB) tokens.
At the beginning of June 2023, Shiba Inu (SHIB) fell 25% from $0.000008021 to $0.000005979. Right now, Shiba Inu (SHIB) is trading for $0.000007232 and appears to be on a downward trend.
Some investors are hoping for Shiba Inu (SHIB) to capitalize on a historically strong July. However, to be realistic, it is unlikely for Shiba Inu (SHIB) to sustain a bullish trajectory. The current volatility of the crypto market has led most investors to make cautious investment decisions that favor coins with real-life utility, such as VC Spectra (SPCT), over meme coins.
VC Spectra (SPCT) Promises Game-Changing Utility for the Crypto Industry
VC Spectra (SPCT) is a decentralized hedge fund that aims to drive innovation in the blockchain industry through strategic investments. As a VC Spectra (SPCT) holder, you get access to a wide range of profitable blockchain projects at their early stages. You also get exclusive access to ICOs and private seed sales of promising web3 startups.
VC Spectra (SPCT) users are rewarded with consistent quarterly returns and a share of profits from buybacks. Right now, VC Spectra (SPCT) is on its first presale and is selling for $0.008. When VC Spectra (SPCT) enters the second phase of its presale, it will sell at $0.011, representing a 37.5% markup. As a smart investor looking to invest in a hot new crypto with real-life utility, VC Spectra (SPCT) is the right pick.
Learn more about the VC Spectra (SPCT) presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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