|
|
Bitcoin (BTC) and Ethereum (ETH) undoubtedly dominate the cryptocurrency world. However, the emergence of a new currency has been faster than expected, breaking the rules of Bitcoin (BTC) and Ethereum (ETH). This new coin has surged, with investors rushing into its ICO.
Let's delve into the significant achievements of this newcomer and analyze its growth in comparison to Bitcoin (BTC) and Ethereum (ETH).
Bitcoin (BTC): When Will Investors See Some Price Action?
ARK Invest by Cathie Wood submitted a Bitcoin (BTC) ETF application in May 2023, awaiting the SEC's decision in January 2024. Recent actions by the U.S. Securities and Exchange Commission (SEC) following the publication in the Federal Register indicate further progress for the Bitcoin (BTC) spot ETF requests. Despite the positive sentiment after this news led to Bitcoin (BTC) prices soaring above $31,000 in May, investors are losing interest. The price hit support at $29,000 on August 15.
Experts suggest that Bitcoin (BTC) price predictions align with bearish sentiment, with support levels at $28,700 and $28,100, and resistance levels at $30,000 and $31,100.
Ethereum (ETH): Market Speculation Triggered by New Network Upgrade
A recent report revealed that former U.S. President Donald Trump holds over $2.8 million in an Ethereum (ETH) wallet. This disclosure raised the value of Trump's held cryptocurrency from $250,000 to $500,000, as stated in his financial disclosure submitted in April.
Following this news, Ethereum (ETH) experienced a significant drop. While supporters of Trump argue that the drop in Ethereum (ETH) value is due to the decrease in ETH staked after the Shanghai upgrade in March, the timelines don't quite add up. After the August 14 report, fear index growth and a hit to ETH's price caused Ethereum (ETH) to drop from $1,859 to $1,820. Analysts suggest this decline might be due to the upcoming U.S. elections, as prominent figures start selling their held cryptocurrencies to avoid regulatory scrutiny.
Further decline in Ethereum (ETH) prices could break the current support level of $1,800 and potentially set new lows in August.
VC Spectra (SPCT): The New DeFi King with High Investment Returns
VC Spectra (SPCT) is a groundbreaking blockchain asset management platform aiming to democratize cutting-edge investment opportunities, bridging the gap between experienced investors and newcomers. VC Spectra (SPCT) ensures inclusivity by utilizing AI blockchain technology to grant all stakeholders equal access to high-value investments.
The cornerstone of the VC Spectra platform is the SPCT token, developed on the Bitcoin blockchain using the BRC-20 standard. VC Spectra (SPCT) tokens offer a range of exclusive benefits, including quarterly dividends, buyback options, voting rights, and early access to profitable initial coin offerings (ICOs).
The private presale of VC Spectra (SPCT) received a strong response, raising $2.4 million in seed funding within two weeks. This remarkable reception is continuing in the public presale.
VC Spectra (SPCT) has showcased impressive potential for investment returns during the public presale phase. Phase one investors reported a value increase of 37.5%, and phase two investors are anticipating over 100% growth in the third phase. The project demonstrates its ability to generate significant profits.
Furthermore, the project's strategic roadmap points towards higher goals, including a potential increase of 900% for phase one investors when the token reaches $0.08. Purchasing all VC Spectra (SPCT) tokens in phase 2 presale also comes with a 25% bonus.
What are you waiting for? |
|
Post time 30-8-2023 09:30:19