Analysts Predict VC Spectra (SPCT) To Hit $0.08 Before Bitcoin Sees Another All-Time High
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The Bitcoin Spot ETF is considered to be approved after Grayscale won its case against the SEC on August 29. Even though there are many altcoins to buy, Bitcoin remains one of the best crypto for beginners. Recently, the Bitcoin crash brought the whole market down, as seen in August 2023; such is Bitcoin dominance.
In this scenario, VC Spectra (SPCT) has emerged as an outlier and has already given gains of more than 212%. Let’s see why experts predict VC Spectra (SPCT) to outperform Bitcoin (BTC) in the dynamic market.
VC Spectra (SPCT) Avoids Bitcoin Crash With Massive Gains
As the crypto markets witnessed a dump following a Bitcoin drop in August 2023, one project emerged as the outlier. It was the VC Spectra (SPCT) decentralized hedge fund built on the Bitcoin network itself. VC Spectra (SPCT) is also an asset management and trading platform. Its aim is to make investing in cryptocurrency for beginners easy.
VC Spectra (SPCT) hedge fund leverages AI to choose the top ICO protocols to invest in. By doing so, VC Spectra (SPCT) generates sustainable profits and safeguards them through the best risk management practices.
VC Spectra (SPCT) gives access to multiple funds, including Alpha Matrix, Quantum Ventures, and Eclipse Opportunity Fund, among others. VC Spectra (SPCT) ecosystem comprises Spectra Marketplace, Prediction Markets, Insights, and Terminal.
The hedge fund has its deflationary governance token SPCT, adhering to the BRC-20 token standard. The SPCT token has a maximum supply of 2 billion SPCT, with it decreasing over time by a burn mechanism.
VC Spectra (SPCT) has entered the Stage 3 public presale of its token with a price per SPCT of $0.025. The Stage 3 presale is more than 11% completed, according to the VC Spectra (SPCT) website. The token has given gains of 212.5% to Stage 1 investors, and that too during a bear market. When presales end, VC Spectra (SPCT) will reach $0.08 per token and give a return of 220% to Stage 3 investors.
The gains are special as the SPCT token has not yet been listed anywhere. This has prompted experts to predict VC Spectra (SPCT) will reach the $0.08 target even before Bitcoin rises spectacularly.
Bitcoin (BTC) Fails To Regain Momentum Even With Grayscale Victory
The Bitcoin dominance over the crypto market on August 30 is at 49.69%, according to data from TradingView. As a result, any Bitcoin drop or rise takes the entire market along with it. Bitcoin (BTC) has been in a downward trend since rising to $31,474 on July 14 after the SEC vs. XRP ruling.
In August, the news about Elon Musk’s SpaceX selling $373 million worth of BTC came out. The news pushed the price of Bitcoin (BTC) downwards. The SEC had also rejected the BTC Spot ETF approval sought by Blakcrock and Grayscale in August.
But on August 29, the SEC lost its case against Grayscale, and the judgment paved the path for the BTC Spot ETF. However, this news failed to push Bitcoin (BTC) above $30,000. Bitcoin (BTC) has only risen by 4.3% from $29,953 since August 29 and is trading at $27,180 on August 30. Despite this slight rise, Bitcoin (BTC) is down 13.6% since its July 14 high of $31,474.
The BTC price prediction for 2023 is not too optimistic unless something dramatic occurs, like ETF approval. Hence, experts are looking at other altcoins to buy, and VC Spectra (SPCT) has emerged as the top gainer.
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