While TRON and Monero Stagnate, SPCT's Gains Are Stealing the Spotlight

In a recent development, Circle strongly denied alleged links to terrorism financing and associations with TRON (TRX) founder Justin Sun. In other news, Ukraine seized millions in crypto from an ex-government official, including 331 Monero (XMR) coins. Meanwhile, VC Spectra (SPCT) swept investors off their feet after surging unexpectedly by 862.5% to $0.077.

Stay tuned to unravel the best coin to buy: TRON (TRX), Monero (XMR), or VC Spectra (SPCT).

Summary

• Analysts indicate the TRX price will trade at $0.115 by December 2023.

• Experts suggest Monero (XMR) will soar to $183.25 by December 2023.

• VC Spectra (SPCT) shocks the crypto world with its 862.5% price surge.

Circle Dismisses Links to Justin Sun and Terrorism Financing: What’s Next For TRON (TRX)?

On December 1, 2023, Circle, the issuer of the USDC stablecoin, responded strongly to a group of U.S. legislators' accusations. The allegations pointed at the company's alleged links to terrorism financing and its associations with TRON (TRX) founder Justin Sun.

In November, the Campaign for Accountability (CfA), a non-profit watchdog group, penned a letter to Senators Sherrod Brown and Elizabeth Warren. The letter provided additional information to "apprise them of further details" regarding Circle's alleged involvement in terrorism financing. The correspondence further asserted that Circle had not distanced itself from Sun's entities despite the TRON founder's "history of unscrupulous behavior." 

In an official letter signed by Circle's Chief Strategy Officer and Head of Global Policy, Dante Disparte, and directed to Senators Brown and Warren, Circle rebutted the Campaign for Accountability's (CfA) allegations. The company explicitly stated that it neither directly nor indirectly supports or finances any illicit actors.

Disparte pointed out CfA's reliance on outdated reports for their allegations, noting that corrections have been made. The revised information indicates that Palestinian Islamic Jihad (PIJ) and Hezbollah may have exchanged up to $12 million in crypto since 2021, not the previously claimed $93 million.

On-chain data indicates that TRX price traded in a tight range in the past week, between $0.103 to $0.105. Apart from the recent developments, TRX price was also affected by increased market volatility.

With Justin Sun’s future in limbo, investors are losing confidence in TRON (TRX). Analysts indicate that TRX price may drop to $0.101 by the end of 2023.

So, how does Monero (XMR) match up?

Ukraine Confiscates $1.5 Million in Crypto from Ex-Government Official: What’s Next For Monero (XMR)?

On December 2, 2023, the National Anti-Corruption Bureau of Ukraine confiscated cryptocurrency assets totaling $1.5 million from Yury Shchigol, the former chief of the Special Communications Service. Shchigol and his deputy, Victor Zhor, are under scrutiny for allegedly misappropriating $1.8 million in government funds.

The accused pair's purported scheme implicated the Special Communications Service, tasked with inter-governmental communications, in overpaying for software and services from two undisclosed companies. 

These transactions were deliberately conducted without open auctions for transparency, resulting in the government disbursing 285 million hryvnias (around $7.8 million) for services valued at 223 million hryvnias (or $6.1 million). The alleged surplus, as asserted, found its way into the personal coffers of Shchigol and Zhor.

The confiscated assets from Shchigol, encompassing 6.9 BTC, 1.2 million USDT, and 331 XMR, are accompanied by the news of Zhor's arrest, as reported by Ukrainian news agency RBC. This incident mirrors a larger trend observed among Ukrainian officials' involvement with cryptocurrency.

Meanwhile, the XMR price has been on an upward trajectory between November 30 and December 5 due to increased trading activity. On-chain metrics reveal that the XMR price surged by 3.8%, from $166.43 to $172.68. 

Experts predict the XMR price can jump to $178.55 by the end of 2023 as Monero (XMR) partners with various entities to enhance its utility.

VC Spectra (SPCT) Soars To New Heights With a Spectacular Presale Surge

As various cryptocurrencies grapple with increased volatility, investors find an appealing prospect in the new market entrant, VC Spectra (SPCT). VC Spectra (SPCT) redefines blockchain investments by granting investors quarterly dividends and buybacks correlated with their investment performance. It's no wonder VC Spectra (SPCT) is widely recognized as the best cryptocurrency. 

Furthermore, VC Spectra (SPCT) goes the extra mile with its steadfast commitment to transparency and accountability. Investors enjoy exclusive access to pre-ICOs, diversified portfolios, and early-stage blockchain ventures, positioning VC Spectra (SPCT) as the top crypto to buy.

As a blockchain pioneer, VC Spectra (SPCT) utilizes AI for meticulous market data analysis, strategically optimizing returns while mitigating possible risks. Setting itself apart, VC Spectra (SPCT) grants voting rights to its token holders, reinforcing the platform's dedication to investor empowerment.

VC Spectra (SPCT) is currently valued at $0.077 during Stage 5 of its public presale. This translates to a staggering 862.5% gain for Stage 1 investors and a 700% ROI for Stage 2 investors. As VC Spectra (SPCT) attracts massive investor sentiment, experts anticipate VC Spectra (SPCT) will surpass its $0.080 target price by the end of the presale.

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