Bitcoin Cash (BCH) recently received an influential exchange listing and a network upgrade, which triggered sudden investor interest in the token. On the other hand, Ethereum (ETH) whales have continued buying, with their holdings striking a new all-time high.
Meanwhile, VC Spectra (SPCT) recently launched its initial public presale and is poised to skyrocket 10x of its current value. The platform has captivated investors with its unraveled precision in identifying profitable projects.
Bitcoin Cash (BCH) Soars High as Global Adoption Skyrockets
Bitcoin Cash (BCH) has skyrocketed by 5.08% to $231.99 in the past 24 hours. With the Bitcoin offshoot platform experiencing increased adoption, Bitcoin Cash (BCH) has attracted massive investor sentiment. Recent data shows that the number of unsettled futures or open interest soared to over $400 million earlier in the week from $75 million the previous week.
Most of this trading interest emerged from Binance, where traders launched $240 million worth of Bitcoin Cash (BCH) on short or long positions. Furthermore, increasing open interest indicates new money flowing into the market as participants increase their allocation.
Despite Bitcoin Cash’s (BCH) improved performance, investors remain cautious as they seek to speculate and mine on digital assets. Recent reports show that Bitcoin Cash (BCH) registered a mining difficulty of approximately 369.96 (G) and a total hash rate of around 3.9 (EH/S). Moreover, Bitcoin Cash’s (BCH) FDV was approximately $4.6 billion, assuring traders of massive liquidity.Â
Market projections indicate that Bitcoin Cash (BCH) can surge by 0.12% to reach $236.61 by July 2023 as Bitcoin Cash (BCH) improves its transaction speeds and scalability.
Analyst Predicts Ethereum (ETH) Price Surge as Stacked ETH Surpasses Exchange Balances
An analyst has revealed a massive supply wall that Ethereum (ETH) must conquer. In a tweet, the analyst mentioned that 832,640 addresses purchased over 26 million ETH between $2,000 and $2,060. According to the analyst, if Ethereum (ETH) overcomes that resistance zone, its price will skyrocket to $2,750.
Meanwhile, stacked ETH has outpaced the Ethereum (ETH) balance on centralized exchanges like Coinbase and Binance. Data from June 26, 2023, suggests 23.36 million ETH (approximately $44 billion) has been staked, accounting for 19.4% of the existing supply. Similarly, Ethereum (ETH) held by centralized exchanges fell to 23.35 million ETH on the same day.
According to available data, Ethereum’s (ETH) holdings of centralized exchanges have been reduced by 5 million ETH after the Shapella upgrade.
Ethereum (ETH) trades at $1,882.79, representing a 0.16% surge in the past 24 hours. Moreover, as mentioned, Ethereum’s (ETH) value is projected to surge to $2,750 in the coming months.
VC Spectra (SPCT) Projected to Surge Before Its Presale Ends
VC Spectra (SPCT) is a decentralized hedge fund driving innovation in the cryptocurrency world. It offers its users quarterly dividends and buybacks from the earnings it gains from investments. Furthermore, VC Spectra (SPCT) users enjoy voting rights and exclusive access to exciting private sale/seed ICOs.
One thing that makes VC Spectra (SPCT) unique is its ability to evaluate profitable investment opportunities meticulously. With VC Spectra (SPCT), investors earn maximized profits with minimized risks, as the platform utilizes algorithmic and systematic trading strategies.
Moreover, the VC Spectra token (SPCT) is a BRC-20 standard token developed on the Bitcoin blockchain. It’s used for exchange, decentralized trading, asset management, and transaction fees on the Spectra platform. Furthermore, SPCT adopts a deflationary model and features a burn mechanism reducing token circulation over time.
In addition, VC Spectra (SPCT) offers investors numerous profitable blockchain ventures. The platform adopts a sustainable development approach, which increases investors’ confidence.
Currently, VC Spectra (SPCT) is trading at an initial presale price of $0.008 and is expected to surge to $0.08, representing a 900% jump.
Find out more about the VC Spectra presale here:
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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