In the days leading up to September 6, 2023, Litecoin (LTC) embarked on a bearish trend. Solana (SOL) followed suit by declining substantially during the same period. As both coins faded from the spotlight, VC Spectra (SPCT) emerged as a promising crypto to buy, having raised $2.4 million during its private sale.
But before we delve deeper into VC Spectra (SPCT) and why it is a worthy crypto for beginners, let’s take a closer look at Litecoin (LTC) and Solana (SOL) to determine the best altcoins to buy.
Litecoin (LTC) Dips Following Whale Activity
On August 31, 2023, Santiment revealed that crypto whales holding 10,000 to 10 million Litecoin (LTC) offloaded 430,000 coins in August 2023. Experts predicted that this Litecoin news might cause LTC stock to drop by decreasing investors’ confidence and interest in Litecoin (LTC).
Following this negative Litecoin news, the coin’s price dropped nominally by 0.8% from $64.46 to $63.94. This negative price movement was followed by a 2.1% dip in market cap from $4.8 billion to $4.7 billion during the same time. Investors might attribute the recent downtrend to fading investors’ interest and the recent Litecoin news.
Although Litecoin (LTC) showed bearish activity, experts were still hopeful for positive Litecoin news and bullish movement in the future due to the coin’s technical indicators. As of September 6, 2023, Litecoin’s (LTC) monthly indicators were positive, signaling the potential for a bull run in the coming days.
But, with Litecoin (LTC) not looking like the most promising coin, is Solana a good investment? Let’s find out.
Solana (SOL) Struggles Following The Closure of Clockwork
On August 27, 2023, Nick Garfield announced the closure of Clockwork, an automation startup based on Solana (SOL). Experts predicted that this negative Solana news would cause the coin’s value to plummet by decreasing investors’ confidence and interest.
These Solana (SOL) projections proved to be true. Following this negative Solana news, SOL dropped by 3.4% from $20.30 to $19.60 between August 27 and September 4, 2023. Investors might attribute this downtrend to the recent Solana news and a broader negative crypto sentiment due to the SEC delaying the decision on Bitcoin (BTC) ETFs.
Although Solana (SOL) displayed bearish movement, some of its monthly indicators were positive, signaling that Solana (SOL) might surge in the coming days. That one as well proved true, as Solana (SOL) resurged to $20.29 by September 6, with further gains to come.
Meanwhile, VC Spectra (SPCT) has grown exponentially during its presale.
VC Spectra (SPCT) Investors Register Significant Gains as Presale Continues
VC Spectra (SPCT) is a decentralized asset management platform focusing on providing sustainable returns to its investors. The platform leverages artificial intelligence to identify lucrative investment prospects and is committed to sharing its success with its users.
Therefore, VC Spectra (SPCT) has allocated 40% of its investment gains for monthly and quarterly dividends. Besides benefiting from dividends, VC Spectra (SPCT) users can get additional benefits like voting rights by becoming SPCT token holders.
SPCT is a BRC-20 token hardwired with a deflationary burn mechanism to preserve its value by decreasing its circulation over time. Besides profiting from VC Spectra’s (SPCT) token appreciation, users can utilize SPCT to engage in decentralized trading or asset management on the platform. Apart from this, VC Spectra (SPCT) has made significant progress in its presale stages.
As of September 4, 2023, VC Spectra (SPCT) has progressed to Stage 3 of its presale. As a result, Stage 1 investors saw gains of 212.5% from $0.008 to $0.025. If you invest in VC Spectra (SPCT) now, you can benefit from a 220% surge from $0.025 to $0.08 by the end of the presale.
Find out more about the VC Spectra (SPCT) 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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