Pepe (PEPE) Struggles to Recover From Theft Amid Bear Market
In recent months, Pepe (PEPE) has been facing a significant challenge as three former team members stole 16 trillion tokens and transferred them to exchanges. This incident has had a detrimental effect on the value of PEPE, with its price dropping from $0.00000110 on August 24 to $0.00000070 on October 8, representing a decline of 36.3%. While PEPE has established itself as the third-largest meme coin in terms of market cap, the current bear market and the theft have raised concerns about its future value.
However, crypto experts remain optimistic and believe that once the market stabilizes, PEPE will recover and trade above $0.00000080 by 2023.
Gala (GALA) Faces Minor Correction as Investors Look for Further Upsurge
Gala (GALA), another cryptocurrency, experienced a dip in its price during the bear market, reaching a monthly low of $0.013 on September 22. However, Gala crypto managed to reverse this downtrend due to positive developments such as the premiere of the movie “Common Ground,” powered by Gala crypto, on September 28 and the release of a new battle pass by Gala Games on September 30.
As a result, GALA saw a surge in price by 23% from September 22 to $0.016 on October 3. Although it faced a minor pullback of 12.5% to reach $0.014 on October 8, experts predict that GALA will rise above $0.016 as the crypto market recovers.
Experts Predict VC Spectra (SPCT) to Surge In October
VC Spectra (SPCT), a decentralized venture capitalist fund, aims to revolutionize fintech by eliminating barriers to entry in the crypto space. It provides users with access to invest in early-stage blockchain ICO and top DeFi projects, removing geographical, technical, and financial limitations.
During its private seed sale, VC Spectra raised $2.4 million before entering the public presale of the SPCT token. The price of SPCT surged due to high demand among investors, reaching $0.044 per token in Stage 3 of the presale. When the presale concludes, experts predict that VC Spectra (SPCT) will reach $0.080 per token, generating an 82% profit for current investors.
Hot Take: The Future of Pepe (PEPE), Gala (GALA), and VC Spectra (SPCT)
The future value of Pepe (PEPE) remains uncertain amidst the fallout from the theft and the bear market. However, experts believe that once the market stabilizes, Pepe has the potential to recover and trade above $0.00000080 by 2023.
Gala (GALA) experienced a minor correction but is expected to rise above $0.016 as the crypto market recovers from its bearish phase.
VC Spectra (SPCT) has seen significant interest from investors during its public presale stages and is predicted to surge further in October, potentially reaching $0.080 per token and generating substantial profits for current investors.
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