Following Grayscale’s Victory that caused a price pump in Ethereum Classic (ETC), the altcoin tracing charts have turned red, losing all its previous gains. Similarly, Neo’s (NEO) trading charts slumped despite positive expectations from its partnership with CoinEasy.
Amid ETC and NEO price struggles, VC Spectra (SPCT), one of the new DeFi projects in the market, has greatly impressed investors with its performance. VC Spectra (SPCT) has gained immense popularity due to its 212.5% price increase.
Ethereum Classic (ETC) Drops After Grayscale Hype Fades
On August 29, 2023, Grayscale Investment got approval from the SEC to convert its Bitcoin Trust (GBTC) into an Ethereum Classic exchange-traded fund (ETF). This caused a price pump in Ethereum Classic (ETC), alongside other top altcoins.
The Ethereum Classic price increased by 8%, from $15.68 to $17.09. However, Ethereum Classic (ETC) was not able to hold its Grayscale gains as it has significantly declined.
Between August 29 and September 5, 2023, the Ethereum Classic price plummeted from $17.09 to $15.32. This marks a 10% price decline in ETC. Ethereum Classic’s (ETC) rapid drop shows that its various gains were merely due to the hype of Grayscale’s Victory.
Despite the Ethereum Classic price decline, the Ethereum Classic prediction implies that Grayscale’s ETF will bring potential to ETC. Due to this, price projections show that Ethereum Classic (ETC) will reach $24.35 by September 30, 2023.
Neo (NEO) Partners With CoinEasy to Revamp its Ecosystem
On August 9, 2023, Neo (NEO) partnered with CoinEasy to drive innovation across the Asia Pacific region and revolutionize Neo’s ecosystem. It will also elevate Neo’s APAC Hackathon, which is expected to improve NEO’s performance and boost the token’s price.
Despite the positive expectations for NEO, the token took a bearish turn. Between August 2 and September 5, 2023, the altcoin declined by 20%, plummeting from $8.88 to $7.08.
In spite of NEO’s price decline, market analysts predict that the token will turn things around. Due to Neo’s resilience in boosting its performance, experts say that the token can reach $9.37 by the end of September 2023.
VC Spectra (SPCT) Emerges as The Best DeFi Coin
VC Spectra (SPCT) is a decentralized asset management protocol and trading platform that invests in the blockchain and technology sectors to optimize returns for investors.
Notably, VC Spectra (SPCT) provides investors with various benefits, such as the chance to participate in unique ventures, access to new ICOs, and the ability to exercise voting privileges. Furthermore, the platform distributes dividends to its token holders throughout its ongoing public presale.
VC Spectra (SPCT) has been a highly profitable avenue for investors during its presale. The token is currently in Stage 3 of its public presale, selling at $0.025. This translates to a 212.5% price surge from its initial Stage 1 price of $0.008.
Moreover, VC Spectra (SPCT) is expected to reach $0.08 by the end of the presale, which would give early investors a 900% ROI. On the other hand, investors who buy VC Spectra (SPCT) tokens now will get 220% returns by the end of the presale.
To learn more about VC Spectra (SPCT) and its presale, visit:
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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