Hackers steal from a Monero (XMR) community wallet. Dogecoin (DOGE) bulls take over. Meanwhile, a new cryptocurrency has attracted investors’ attention.
How has the theft impacted XMR price? How does this bullish trend change the Dogecoin prediction? And why do investors think this new project is a good crypto to buy?
Summary
- Monero (XMR) might reach $322.77 in 2024.
- Dogecoin (DOGE) is set for a great 2024.
- VC Spectra’s (SPCT) potential to be one of the top DeFi projects draws investors.
XMR Price: Monero’s Community Wallet Is Exploited For $384k
On November 5, 2023, the Monero (XMR) team announced that its Community Crowdfunding System (CCS) wallet had been hacked, and 2,675.73 XMR (around $384,000 at the time) was stolen. The heist was completed in nine transactions and utilized a yet-to-be-discovered chink in Monero’s (XMR) privacy armor.
According to Moonstone Research, the hacker used a Monerujo Android non-custodial Monero wallet. They also used the PocketChange feature to bypass the 20-minute delay and spend the tokens immediately.
This event has raised some issues concerning Monero’s (XMR) security. It has had crypto enthusiasts wondering if any cryptocurrency is completely protected from threats.
However, these concerns have not affected XMR price. The 4.4% increase from $168.39 to $175.72 shows that people still buy Monero. However, the surge is a reflection of the current bull market.
Analysts predict Monero (XMR) could reach $322.77 in the 2024 bull market. However, the Monero (XMR) team has to figure out how to prevent further attacks.
Dogecoin Prediction: DOGE’s Demand Outstrips Supply
According to a December 2 report, Dogecoin (DOGE) showed positive price movements as investors bought Dogecoin. On-chain data revealed that buy orders for 883 million DOGE went out. The orders were at an average price of $0.84. Considering its good performance, the bulls are eager to accumulate Dogecoin (DOGE).
On the flip side, only 800 million DOGE was made available for sale, resulting in an excess demand of 83 million DOGE. Excess demand means sellers will raise their prices as FOMO grips buyers.
So far, this has been the situation. Since the report was released, Dogecoin (DOGE) has gained 14.3%, increasing from $0.084 to $0.096. Analysts say Dogecoin’s (DOGE) price will keep increasing in the short term.
In the same vein, the Dogecoin prediction for 2024 is $0.429. Analysts predict DOGE will be one of the major beneficiaries of Bitcoin’s predicted surge next year.
VC Spectra’s (SPCT) Spectacular Surge Attracts Investors
Investors have been attracted by the massive gains made by early investors in VC Spectra (SPCT). Since its public presale began, VC Spectra (SPCT) has gained 862.5%, increasing from $0.008 to $0.077.
Investors are hurrying to get their piece of the pie. Fortunately, VC Spectra (SPCT) will increase past 1000% during its presale, and investors who get in now will benefit from this gain.
Another aspect of VC Spectra (SPCT) attracting investors is its unique features. VC Spectra (SPCT) is a decentralized hedge fund offering profitable investment opportunities in blockchain to investors regardless of their financial experience or expertise.
With VC Spectra (SPCT), users can invest in high-growth potential Web3 projects, early-stage blockchain companies, and specific crypto niches. They can also trade arbitrage and stake or lend their crypto assets.
Access to profits from price gains and these services depends on purchasing SPCT. the token can be purchased for $0.077 currently. Additional benefits of owning SPCT are quarterly dividends and buybacks, voting rights, and access to exclusive pre-ICOs.
Considering all these, it is clear why investors think VC Spectra (SPCT) is the best new crypto to invest in.
To learn more about VC Spectra (SPCT), visit:
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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