As 2024 approaches, the crypto market is excitedly buzzing from the upcoming U.S. FOMC meeting results. This move has already prompted a response in the prices of Bitcoin (BTC) and other top altcoins, with optimistic predictions for the crypto market future. Meanwhile, VC Spectra (SPCT), the best ICO of 2023, is making waves with a remarkable 10x price surge.
Let’s determine which of these tokens is the best crypto investment: Bitcoin (BTC) or VC Spectra (SPCT).
Summary
- U.S. Federal Reserve’s FOMC Meeting is scheduled for November 1.
- Bitcoin (BTC) rally takes a breather among major events and can climb to $35,000.
- VC Spectra (SPCT) has entered the fourth stage of its presale at $0.055.
Here’s What November Looks Like After US FOMC Announces New Rates
The upcoming U.S. Federal Reserve’s FOMC Meeting scheduled for November 1 has captured the attention of financial markets worldwide as the committee faces the crucial decision of adopting a dovish or hawkish approach.
According to the CME FedWatch Tool, there is a striking 96.2% probability that the Fed will maintain the status quo by keeping interest rates unchanged. This decision aligns with the Federal Reserve’s preferred measure of inflation, the annual Core PCE, which has decelerated to 3.7%.
However, while traders appear confident in an interest rate pause for the impending FOMC meeting, the likelihood of a rate hike in the December 13 meeting has increased in light of recent speeches by Federal Reserve officials.
Bitcoin (BTC) To Reach New Highs In 2024: Experts
Institutional interest in Bitcoin future (BTC) has risen, reaching a new high for 2023, as highlighted by IntoTheBlock’s analysis, published on October 29. This surge in institutional demand is exemplified by the increasing number of transactions exceeding $100,000, a positive development for the BTC price and the Bitcoin future.
With Bitcoin’s (BTC) long-term outlook appearing more bullish, this heightened demand indicates a positive trajectory for the cryptocurrency. Additionally, the growing call for a spot Bitcoin (BTC) ETF has intensified, focusing on two prominent contenders: BlackRock and Grayscale.
Notably, the D.C. Circuit Court of Appeals has delivered a decisive verdict, compelling the SEC to reverse its prior rejection of Grayscale’s Bitcoin (BTC) Trust conversion into a Bitcoin spot ETF.
Since October 29, Bitcoin (BTC) has experienced marginal trading within the range of $34,321 to $34,973 on October 31, and Bitcoin dominance with a market cap exceeding $650 billion.
Consequently, there is a real possibility that the Bitcoin future price may find strong support around the $35,000 level if the U.S. FOMC decides to keep the interest rates unchanged this year.
VC Spectra (SPCT) Heads In The Direction Of Significant ROIs
VC Spectra (SPCT) has quickly established itself as the best crypto investment among other top altcoins. This decentralized hedge fund is rewriting the rules of traditional investment methods.
With VC Spectra (SPCT), users are eligible to participate in presales of new ICOs and gain exceptional returns by making investments in other blockchain startups. Meanwhile, VC Spectra (SPCT) allows users to invest in their own VC Spectra Fund for additional rewards.
A team of venture capitalists and risk managers protect all investments and keep all funds safe. Furthermore, investors have exclusive voting rights to help them participate and control the direction of their assets.
SPCT, the project’s native token, is strategically built on the BRC-20 standard and follows a deflationary model. You can hold your tokens for the long run and enjoy them as their price increases after set intervals.
By Stage 4, the SPCT token saw an impressive surge, reaching a price of $0.055 from its initial Stage 1 price of $0.008. This represented a remarkable 587.5% return for early investors.
As the end of the public presale approaches, the price is expected to grow to $0.080, providing an impressive 900% (10x) return for Stage 1 investors and 45.45% ROI for current investors. These developments make VC Spectra (SPCT) the best crypto investment for now, especially when combined with the currently active momentous deposit bonus!
To learn more about VC Spectra (SPCT) and its presale, visit:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclaimer: This is a paid-for sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.