Will Bitcoin Plummet to $10,000? Experts Suggest Diversifying into Polygon (MATIC) and VC Spectra (SPCT) (2024)

Every movement impacts crypto, from Elon Musk’s fiery take on fiat currency bolstering Bitcoin’s (BTC) value to Jaynti Kanani’s surprise departure from Polygon (MATIC). Meanwhile, investors are shifting their eyes to a game-changing prospect, VC Spectra (SPCT). Some experts say the best is yet to come with SPCT, which will soon lead the race to be one of the best altcoins. Let’s put this claim to the test.

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Summary

• Analysts say Bitcoin (BTC) may crash down to $20,000.
• Polygon (MATIC) is trading below $0.60 and might drop further soon.
• VC Spectra (SPCT) rose three times in the Stage 3 presale with more gains down the line.

Elon Musk Fuels the Bitcoin (BTC) Revolution: “Fiat Currency Is a Scam”

With a provocative post, SpaceX CEO Elon Musk stirred controversy by calling “fiat currency” a scam. This statement has further fueled discussions about the disruptive potential of top crypto coins like Bitcoin (BTC) in challenging the traditional financial system.

Bitcoin (BTC) enthusiasts quickly rallied behind Musk’s tweet, interpreting the advantage of Bitcoin (BTC) over Fiat currency. After finding support towards the end of September at $26,000, analysts on Bitcoin price prediction observed a healthy upward trend streak. Since then, Bitcoin (BTC) has been bullish and found a new support level at $27,500.

Technical indicators suggest Bitcoin price prediction is uphill as key MAs serve as strong technical resistance. Bitcoin (BTC) has hovered around $27,700 since the start of October. But will Bitcoin (BTC) fall to $10,000? If Bitcoin (BTC) holds current and the market favors above the 200-day MA, Bitcoin price prediction will likely rally towards $30,000.

However, failing to do so can cause a Bitcoin crash down to $20,000.

Polygon’s (MATIC) Co-Founder Jaynti Kanani Steps Down Following Polygon 2.0

Jaynti Kanani, one of the co-founders of Polygon (MATIC), decided to step back after six years of involvement. Kanani took to social media X to announce his departure from Polygon (MATIC) on October 4, 2023.

Amidst Kanani’s exit and the shift in leadership within Polygon (MATIC), the spotlight has shifted to Polygon 2.0 as the project’s focal point for the future. Notably, Kanani’s departure has had minimal impact on Polygon’s native token MATIC.

The Polygon MATIC price seemed relatively stable in the $0.54 to $0.56 range. However, the technical indicator, RSI, reinforces the bearish outlook as the Polygon MATIC price uptrend weakens.

Polygon (MATIC), one of the top DeFi coins, still trades below the $0.60 horizontal resistance level. Many crypto analysts on the Polygon price prediction reveal that Polygon (MATIC) must hold onto a support level at a 21-week EMA; otherwise, the Polygon MATIC price drops to $0.49.

VC Spectra (SPCT): The Ultimate Investors’ Pick

VC Spectra (SPCT) has evolved as the greatest contender to challenge top DeFi projects. VC Spectra (SPCT) is a trailblazing firm driving innovation in the fintech and blockchain landscape through strategic investments and new ICOs. Moreover, VC Spectra (SPCT) is a decentralized hedge fund that invests in high-quality blockchain projects.

The perfect blend of profitability and real-life utility while contributing to a sustainable development approach has caught the investors’ eyes on VC Spectra (SPCT). Trading intelligence and advanced risk-mitigating strategies further add value to VC Spectra (SPCT).

VC Spectra (SPCT) has thrived remarkably in its public presale stages, showcasing a strong upward trend. Any investors who buy SPCT tokens also get additional perks like access to discounted new ICOs, voting rights, dividends, and buybacks.

Currently, VC Spectra is selling its SPCT tokens at $0.044 at Stage 3. Due to excessive demand, VC Spectra (SPCT) has 3X price surges in the same stage. However, the ultimate payoff will come after the presale concludes. Here, VC Spectra (SPCT) will have grown by a massive 82% after reaching the price of $0.080.

Learn more about the VC Spectra presale:

Buy Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

Disclaimer: This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

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