Here are the latest trends in the cryptocurrency market, including the growth of VC Spectra (SPCT) and changes in Ethereum (ETH) and Shiba Inu (SHIB).
The cryptocurrency market has experienced high volatility, with multiple events generating large movements in the market. Ethereum (ETH) and Shiba Inu (SHIB) have posted gains in recent weeks, attracting numerous investors looking for profitable opportunities.
However, none of these assets rival the gains made by VC Spectra (SPCT), which has become the shining star of the crypto universe after its price surged 37.5% from $0.008 to $0.011.
Big Ethereum Investors Waiting
In June, a large Ethereum (ETH) investor withdrew a staggering 50,100 ETH, equivalent to $91.2 million, from his Binance wallet. Notably, this same investor had previously withdrawn another 8,500 Ethereum (ETH) on June 8, while staking an additional 34,560 Ethereum (ETH).
These large investor withdrawals from Ethereum (ETH) caused a notable drop in the market between June 28 and July 2. Against this background, the failure of Ethereum (ETH) to sustainably break above the $2,000 level has come under scrutiny.
One major factor identified is the current sell-off or ‘greed’ sentiment in the crypto space, as shown by the Fear and Greed Index. Although Ethereum (ETH) has historically been preferred by large crypto investors, VC Spectra (SPCT) is now expected to rise in earnings.
Ethereum (ETH) is currently trading at $1,870, down 0.82% in the past week. Analysts expect it to recover slightly to reach $1,885 in August.
Investor Interest in Shiba Inu Wanes While Waiting for Layer-2 Blockchain
Pending the release of Shibarium, the Shiba Inu (SHIB) ecosystem faces a persistent decline in its market price. On January 15, 2023, Shiba Inu (SHIB) confirmed his ambitious plans to create a new layer 2 Blockchain solution, with the goal of moving from a simple meme coin to a fully functional utility coin.
As of July 26, the Shiba Inu Community (SHIB) was still eagerly awaiting the release of Shibarium. However, due to the delayed launch, investors are slowly losing interest in trading Shiba Inu tokens (SHIB). In the last 24 hours, Shiba Inu (SHIB) has lost 1.05%, with the token price sitting at $0.000007838 on July 23. Experts believe that Shiba Inu (SHIB) will fall further to $0.000007658 in August.
VC Spectra (SPCT) Has Grabbed the Investment Spotlight
VC Spectra (SPCT) is described as an advanced decentralized asset management protocol and trading platform. The aim of VC Spectra (SPCT) is to provide investors with a secure, transparent and highly profitable investment experience within the Blockchain and technology sector.
The VC Spectra Token (SPCT) is compliant with the BRC-20 standard and functions as the currency for exchange, decentralized trading, asset management, and transaction fees on the VC Spectra platform.
VC Spectra (SPCT) is currently in stage 2 of its public pre-sale, valued at $0.011 per token, an increase of 37.5% from its initial stage 1 price of $0.008. Investors who buy SPCT in stage 2 of the pre-sale will receive a 25% bonus on their deposits. Furthermore, they will earn a massive 627% profit when the value of VC Spectra (SPCT) tokens reaches $0.08 at the end of the pre-sale.
In the upcoming stage 3 of the pre-sale, the price of VC Spectra (SPCT) is expected to rise to $0.025, which is a 127.27% profit on its current value.
By Audy Castaneda
