Synthetix (SNX) is set to launch its Perps V3 upgrade to enhance its network capabilities. Meanwhile, MakerDAO’s community voted on the proposal of the EDSR as the network bolsters its utility.
Notably, VC Spectra (SPCT) presale has been the talk of the town, as the token’s price soared by 212.5% over the past two weeks. Let’s see if any of these tokens are fit to be called the best crypto to invest in.
Synthetix (SNX) Witnesses Spectacular Jump Amid System Upgrades
Synthetix (SNX) has enhanced its network capabilities to increase its utility and raise its rank among the best DeFi projects. Earlier this year, Synthetix launched the Synthetix Perps V2. As a decentralized trading protocol, Perps V2 provides the essential backend structure for seamless integration into various protocols.
In the most recent community call held just last week, it was shared that the conclusive Mainnet alpha upgrades for Perps V3 are under scrutiny by auditors. Simultaneously, the Synthetix Improvement Proposal (SIP) outlining the protocol adjustments for Perps V3 has been uploaded to the SIP repository’s draft section.
Furthermore, the Perps V3 testnet trading competition is set to debut on Coinbase’s newly established L2 Base in the coming weeks.
Amid the recent developments, Synthetix surged by 18% in the first week of September, from $1.93 to $2.28. SNX’s trading volume also skyrocketed in the same time frame.
While Synthetix has slightly dropped up to September 12, analysts remain optimistic. As it upgrades its ecosystem, experts say SNX will trade between $2.59 and $2.81 in the coming weeks.
Maker’s (MKR) Upgrades Catapult the Token into an Electrifying Price Rally
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Two weeks ago, the Maker community recently proposed introducing the Enhanced Dai Savings Rate (EDSR). Experts say Maker’s community proposal could temporarily elevate interest rates for DAI holders by up to 8%.
EDSR is calculated based on Dai Savings Rate (DSR) and utilization, gradually fading as utilization rises. Notably, EDSR is designed to support early-stage bootstrapping with low DSR utilization and can only decrease over time, even if DSR utilization declines.
With the EDSR in place, DAI holders at the forefront of DSR adoption are granted a more equitable share of the protocol’s incremental profits.
This enticing proposition might spur increased adoption and prompt other DeFi protocols to integrate Maker’s DSR swiftly during the EDSR’s operational phase.
Therefore, it’s no surprise that the MKR price surged by 17.6% in a week, from $1,056 to $1,242. With MKR’s dedication to refining the DAI ecosystem, investors closely monitor Maker’s governance decisions.
Moreover, MKR strives to draw in additional users and cultivate a positive trend for the MKR price by boosting the interest rate accessible to DAI holders. Trading at $1,120 on September 12, analysts indicate that MKR price can soar to $1,440 in the coming weeks.
VC Spectra’s (SPCT) Presale Takes the Spotlight
VC Spectra is reshaping the crypto industry with its distinctive value proposition, cementing itself as the best coin to buy. As a decentralized hedge fund, SPCT leverages state-of-the-art technology to empower financial growth.
VC Spectra (SPCT) rewards investors with quarterly dividends and buybacks based on their investment profits. Investors also secure exclusive access to pre-ICOs and diversified portfolios.
Furthermore, VC Spectra leverages algorithmic and systematic trading techniques to enable profitable trade execution. With its decentralized governance policies, SPCT offers investors voting rights.
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VC Spectra shines with a trading price of $0.025 in Stage 3 of its public presale. Investors eagerly await the upcoming Stage 4, where SPCT is anticipated to skyrocket by 32% to $0.033.
Don’t hesitate to take advantage of SPCT’s presale, as you will enjoy a generous 10% bonus on any deposit.
