Zcash (ZEC) Gets A Crucial Update This Week – Conflux (CFX) Collapses Below $0.20, Sparking New Concerns, Investors Turn to VC Spectra (SPCT) – CoinCheckup Blog – Cryptocurrency News, Articles & Resources

In the ever-evolving crypto world, Zcash (ZEC) seems to be gaining lots of attention because of its impressive focus on privacy and anonymity. On the other hand, despite recent development in the Conflux (CFX) space, the token collapsed below $0.20. While the Conflux price dropped, investors are turning to VC Spectra (SPCT) after its price increased by 37.5% at Stage 2 of its public presale.

Here is how these three coins are faring in the current crypto market.

ZCash (ZEC) Gets An Important Update

ZCash (ZEC) adopts a unique privacy approach, utilizing zk-SNARKs, a zero-knowledge-proof technology. The innovation lets ZCash (ZEC) offer transactional privacy while simultaneously preserving the transparency of its blockchain.

Thanks to zk-SNARKs, ZCash (ZEC) users can choose to use shielded transactions, hiding the sender, recipient, and transaction amount for additional privacy. Notably, ZCash’s (ZEC) shielded transactions provide increased privacy and anonymity, ensuring that users retain control over the disclosure of their financial information. 

On that note, Zcash (ZEC) has scheduled an important update this week. The platform will introduce a process to reimagine governance of Web link and other Zcash-focused digital properties. The aim of further decentralizing its platform is to majorly enhance Zcash’s (ZEC) resilience without excessively increasing centralization risks.

At the time of publication, ZEC is trading at $31.91, a 2.02% increase in the last 24 hours. Yet, experts anticipate that this update will increase the efficiency of the Zcash (ZEC) network and, in turn, increase its price considerably. 

Conflux (CFX) Drops Below $0.20, New Concerns Arise

Conflux (CFX) has recorded a price drop, plunging into the red zone. In the last 14 days, the Conflux (CFX) value has lost 21.9%, influenced by many factors, including market sentiment and general market conditions.

In a recent announcement, Conflux (CFX) confirmed that it had selected World of Dypians (WOD) as its Metaverse home. Partnering with Dypius, the organization behind WOD, Conflux (CFX) aims to introduce unique metaverse experiences in this virtual space.

Despite this announcement, the Conflux (CFX) price did not respond accordingly. The price of CFX continued dropping from highs of $0.2764 a month ago to its current value of $0.1806. Notably, the technical analysis behind Conflux (CFX) confirms a bearish trend, as its technical indicators and moving averages are deep in the red. For that reason, new fears of a further downturn have come up, and buyers are now avoiding Conflux (CFX).

Meanwhile, VC Spectra (SPCT) has emerged as a viable alternative, making up for CFX investors’ losses.

VC Spectra (SPCT) Is Increasing Its Dominance in the Industry

Despite its relative newness in the market, VC Spectra (SPCT) has shown its strength as a major contender in the blockchain sector. Being a decentralized hedge fund, VC Spectra (SPCT) carefully picks profitable opportunities within the blockchain sector through a well-executed process.

Notably, VC Spectra (SPCT) is powered by the Bitcoin blockchain and follows the BRC-20 protocol, using its native token SPCT to power asset management, exchange, and decentralized trading. A remarkable aspect of VC Spectra (SPCT) is its deflationary model, consisting of a burning mechanism that constantly reduces token circulation while boosting the value of SPCT.

Interestingly, investors enjoy easy access to exclusive opportunities in various niche markets, letting them diversify their portfolios with many rewarding, low-risk investments. On that note, these VC Spectra (SPCT) investors reap the rewards of quarterly dividends and buybacks according to the performance of their investments.

Currently, VC Spectra (SPCT) is in Stage 2 of its public presale, valued at $0.011, representing a 37.5% increase from the Stage 1 price of $0.008. Investors who buy now will enjoy a 627% profit by the end of the presale. Time is running out, so savvy investors rush to SPCT to enjoy a high ROI in 2023! 

Learn more about VC Spectra (SPCT) and its presale:

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 sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. 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.

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