Beyond Bitcoin and Dogecoin: Top Cryptocurrency Investments to Watch in 2023 – Finbold – Finance in Bold

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A recent report highlighted that Bitcoin (BTC) is accumulating a larger water footprint alongside its already substantial energy consumption. On the other hand, Tesla has made a surprising adjustment to its website, allowing customers to potentially use Dogecoin (DOGE) as payment for the new Tesla Cybertruck model. As December unfolds, VC Spectra (SPCT) emerges as the best coin to invest in, skyrocketing by 862.5% to $0.077 ahead of schedule.

Discover how VC Spectra (SPCT) matches up with Bitcoin (BTC) and Dogecoin (DOGE).

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Summary

Bitcoin (BTC) critic Alex De Vries contends that each transaction on the Bitcoin network consumes approximately 16,000 liters of water, enough to fill a swimming pool. In a study published on November 29, De Vries suggested that Bitcoins (BTC) water footprint is rapidly expanding, adding to its already considerable energy consumption. The assertions have elicited various responses, with some pro-BTC commentators disagreeing with the conclusions while other analysts have supported the claim.

The report indicates that Bitcoins (BTC) water footprint has experienced a significant increase in recent years, correlating with the growth in adoption and mining activities. In 2021, the network witnessed a remarkable 166% surge in water usage compared to 2020.

Notably, the surge in water footprint coincided with a bullish market in 2021, during which Bitcoin (BTC) reached its all-time high. Experts believe that these series of events contributed to the overall expansion of the Bitcoin (BTC) ecosystem.

Meanwhile, on-chain data reveals that Bitcoins (BTC) price jumped from $37,793 to $38,845 in the past week. Analysts attribute Bitcoins (BTC) price rally to increased investor sentiment.

Unsurprisingly, analysts remain bullish on the Bitcoin prediction. The anticipated approval of spot Bitcoin ETF applications in 2024 might align with a reduction in BTCs liquid supply, thereby contributing positively to its valuation.

The Bitcoin prediction indicates that Bitcoin (BTC) will exceed the $40,000 mark by December 2023. Furthermore, the Bitcoin prediction suggests that Bitcoin (BTC) will surge to $46,000 by March 2024.

In an unexpected development, Tesla has discreetly modified its website, incorporating the option for customers to make payments using Dogecoin (DOGE) for the latest Tesla Cybertruck model. Upon examining the site codes, numerous new codes related to DOGE integration become apparent.

However, this alteration has yet to be officially declared, and at present, the option to pay with DOGE is not operational.

Experts have underscored that Teslas decision to incorporate Dogecoin (DOGE) as a payment method is not entirely unprecedented. The company had earlier introduced the option to pay for a kids ATV using Dogecoin, and this move notably led to a substantial increase in the price of DOGE.

On-chain data reveals that Dogecoin (DOGE) skyrocketed from $0.076 to $0.081 in the past week. Analysts indicate that Dogecoins (DOGE) stellar price performance is linked to heightened investor sentiment, with Dogecoins (DOGE) trading activity jumping by 7.2%.

As Dogecoin (DOGE) establishes itself in the crypto scene, the prevailing optimism among investors remains steadfast, with a keen focus on the weekly candle. A decisive closure above the $0.084 mark holds the potential to unlock additional upward momentum, with the Dogecoin price prediction hinting at DOGE surpassing the $0.090 level by December 31, 2023.

However, the short-term outlook for DOGE introduces a degree of uncertainty as the weekly candle approaches the $0.082 threshold. This scenario could usher in a more pronounced descent, with the Dogecoin price prediction suggesting that Dogecoin (DOGE) may plunge to $0.079 by the end of the week.

The prevailing sentiment among cryptocurrency experts emphasizes the need for a sustainable investment strategy to maximize returns. VC Spectra (SPCT), an up-and-coming contender in the market, has consistently defined its identity as a distinctive platform. Its commitment to transparency and financial incentives sets the stage for investors to enjoy exclusive access to promising blockchain ventures.

VC Spectra (SPCT) distinguishes itself as the best crypto to invest in, offering unparalleled prospects in pre-ICOs and diverse portfolios. The platforms steadfast dedication to a rigorous selection process guarantees the revelation of lucrative investment ventures, solidifying VC Spectra (SPCT) as the top coin to buy.

Furthermore, VC Spectra (SPCT) transcends the realm of financial gains, providing investors with a distinctive sense of tranquility. The platforms unwavering commitment to ethical investments takes center stage in its decentralized model, with token holders enjoying exclusive perks such as quarterly dividends and buybacks.

VC Spectra (SPCT) experienced a noteworthy surge to $0.077 during Stage 5 of its public presale, reflecting an impressive 862.5% uptick from its initial $0.008 valuation. Anticipation among crypto analysts is high, with many predicting that VC Spectra (SPCT) could exceed its projected target of $0.080 once SPCT secures listings on major cryptocurrency exchanges.

Learn more about the VC Spectra presale here:

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

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

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Beyond Bitcoin and Dogecoin: Top Cryptocurrency Investments to Watch in 2023 - Finbold - Finance in Bold