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HomePress ReleaseAssessing Alternatives To Bitcoin Cash (BCH): The Growing Potential of VC Spectra(SPCT) And Avalance (AVAX)

Assessing Alternatives To Bitcoin Cash (BCH): The Growing Potential of VC Spectra(SPCT) And Avalance (AVAX)

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In light of recent developments and the declining performance of Bitcoin Cash (BCH), two alternatives that have recently gained significant attention are VC Spectra (SPCT) and Avalanche (AVAX). While VC Spectra’s ongoing presale has seen remarkable surges, Avalanche received a boost after a successful blockchain test by Citi Bank.

Why are investors turning from BCH to these top altcoins? Let’s find out! 

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Summary

  • Bitcoin Cash’s (BCH) price is predicted to drop to $217.78 by November 31.
  • VC Spectra (SPCT) keeps surging during its ongoing presale.
  • The Avalanche (AVAX) price is expected to reach $144.24 next year.

Bitcoin Cash (BCH) Plummets After EDX Markets Announcement

On November 1, 2023, the EDX Markets platform announced that it would no longer support Bitcoin Cash (BCH) as one of its listed cryptocurrencies. This latest Bitcoin Cash news triggered a significant wave of selling, leading to a bearish downturn for BCH.

After the news broke, Bitcoin Cash (BCH) saw a decrease in its value. Within 24 hours, the Bitcoin Cash price (BCH) dropped from $247.09 to $245.07.

The bearish trend for Bitcoin Cash persisted in the subsequent days. The Bitcoin Cash price (BCH) decreased further by 7.69% from $245.07 to $226.21 on November 24. 

Given these recent developments, experts in the industry are anticipating a continued decrease in the value of Bitcoin Cash (BCH). They predict that the Bitcoin Cash price (BCH) will drop even further to $217.78 by November 31.

VC Spectra (SPCT) Shakes Up Investment Paradigms!

As Bitcoin Cash (BCH) faces a decline in its market performance, investors seeking alternatives may find solace in VC Spectra (SPCT). This decentralized hedge fund has emerged as one of the best DeFi projects, gaining substantial attention after soaring to new highs in its presale. 

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VC Spectra (SPCT) distinguishes itself from competitors by offering a revolutionary approach to investment and financial paradigms. Its inclusive and secure platform provides investors a wide range of benefits and opportunities, potentially reshaping traditional investment strategies.

Moreover, the public presale of VC Spectra (SPCT) has garnered significant traction, with the SPCT token experiencing a remarkable surge of 862.5 % from its initial price of $0.008 to $0.077 in Stage 5. This overwhelming demand positions SPCT to potentially surpass its projected value of $0.080 by the end of the presale, making it one of the best cryptos to invest in the market.

Furthermore, investors interested in VC Spectra (SPCT) will soon be able to trade the tokens on major exchanges. The tokens can be acquired during the public presale by purchasing them using the Ethereum or Bitcoin network (ERC-20 and BRC-20).

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AVAX Price Prediction: Citi Bank’s Blockchain Test Boosts Avalanche Price

On November 16, 2023, Citi Bank successfully conducted a blockchain test on Avalanche (AVAX) Evergreen Subnets for FX trades under Project Guardian. This test demonstrated the practicality of utilizing Avalanche (AVAX) blockchain technology for pricing and executing FX trades.

The market response to this development was positive, leading to a 17.93% surge in the value of Avalanche (AVAX). Within 24 hours, the Avalanche AVAX price rose from $20.31 to $23.95.

Following this initial surge, Avalanche (AVAX) continued its upward trend in the subsequent days. The Avalanche AVAX price further increased by 2.46% to reach $24.54 before experiencing a retracement to $21.83 on November 24.

Despite this slight dip, analysts are optimistic about the future value of Avalanche. They predict that the Avalanche AVAX price could surge as high as $144.24 in 2024.

Learn more about VC Spectra (SPCT) and its presale:

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DisClamier: 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 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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PR DESK
PR DESK
PR Desk is a guest author on TheCryptoBasic and only delivers sponsored content. Hence, views and opinions published under PR Desk are exclusively theirs and should not be taken as investment advice. If you want to publish your PR, please contact hashim@thecryptobasic.com or support@thecryptobasic.com

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