After rallying for the past two months, Bitcoin Cash (BCH) appears to have run out of steam. The altcoin price has been down 10% over the past week. Investors in BCH now seem worried after the altcoin broke its two-month uptrend, with future losses anticipated. The same cannot be said for VC Spectra (SPCT), which rallied over 800% during its presale nearing its end.
What does the future hold for Bitcoin Cash (BCH) and VC Spectra (SPCT)? Let’s explore what has happened with these top altcoins and what to expect in the coming months.
Summary
- Bitcoin Cash Whales abandoned the project, negatively impacting BCH.
- VC Spectra continues to grow as it enters the final round of its presale.
Bitcoin Cash Price Prediction: Is BCH in Danger of Sinking Further?
The Bitcoin Cash price is down double digits over the past week after breaking its uptrend. Bitcoin Cash price had managed to rally for the best part of the past two months, at one point growing as high as 50%. However, things would turn worse as momentum slowed for the Bitcoin Cash price and selling pressure pilled.
A deeper dig at Bitcoin Cash reveals that the decline in whale activity has affected the altcoin price after BCH was delisted on EDX markets. The Wall Street-backed digital asset trading platform was why Bitcoin Cash (BCH) hit its highest value in June.
However, at the start of November, the EDX market announced it was delisting Bitcoin Cash (BCH), which led to declining whale demand. The number of large Bitcoin Cash (BCH) transactions has steadily declined since then.
Unfortunately, the departure of whales has had a domino effect on Bitcoin Cash (BCH), as miners on the protocol have opted to dispose of their tokens. Block validators have disposed of 230,000 BCH tokens worth about $50 million as of press time, which has put more selling pressure on Bitcoin Cash.
The Bitcoin Cash chart also paints a grim picture. The signal line is sitting above the MACD and gaining momentum, while the ADX has changed direction and is pointing downward. A significant support region lies at the $178 level. A break below could see the price sink as low as the $154 level.
VC Spectra (SPCT) Enters the Final Presale Stage After 9X Growth
VC Spectra (SPCT) is gearing towards the end of its presale. The decentralized hedge fund recently entered its fifth presale, where each SPCT token costs $0.077. The project’s team says this is the final round of the presale before it embarks on getting SPCT listed on big exchanges.
VC Spectra’s presale journey has intrigued investors who have watched the price grow from a meager $0.008 to $0.077 in the fifth round. This has meant early-stage investors have seen their investment in SPCT grow by over 862%.
And it’s not only first-round investors who have seen their investments grow but every other individual who bought SPCT at every stage. To put things into perspective, in stages 2, 3, and 4, SPCT grew to $0.011, $0.044, and $0.066, respectively.
VC Spectra (SPCT) has allocated 125 million tokens at stage 5, and as of November 23, 12% of that supply has been snapped up. Investors are scrambling to get SPCT at a discounted price for one last time before the asset is listed on top exchanges, where its price is tipped to go parabolic.
Given the high demand SPCT is experiencing in this last presale round, experts are tipping the price to rise above $0.08 by the time the stage concludes. Also, investors are keen on SPCT thanks to its importance within the VC Spectra ecosystem.
The BRC-20 standard token allows holders to access early-stage ICOs at a discount, manage assets, trade, exchange, and pay transaction fees. VC Spectra is committed to regular token buybacks using some of its profits. These tokens are burned, which reduces the supply of SPCT over time and increases its value.
It’s no surprise that most investors consider SPCT to be the best crypto to buy right now.
Learn more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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