Crypto market analysts believe the next bull cycle is here after many top altcoins recorded sustained gains over the past few weeks. Among those leading the pack are Ethereum Classic (ETC) and Optimism (OP). Both have seen double-digit gains over the past two months and continue to grow. However, there is another altcoin that has even done better than them over the period.
Recently launched VC Spectra (SPCT) has grown 9X during its presale. Let’s explore why SPCT is promising to lead the likes of ETC and OP in the upcoming bull market.
Summary
- Ethereum Classic aims to end the year on a high note after a recent rally.
- Optimism eyes its all-time high after an impressive performance.
- Experts tip VC Spectra to lead the upcoming bull run.
Ethereum Classic Price Prediction: ETC Aims to End the Year on a High Note
The Ethereum Classic price is pushing hard to end the year on a high note after what has been a turbulent 2023. A closer look at the Ethereum Classic price chart reveals the altcoin’s ongoing uptrend began some six weeks ago. At the time, ETC was trading around $14.49, and as of December 8, the altcoin price sits at $22.50.
That’s a growth of over 55%. Now, the Ethereum Classic price faces a major resistance at $23.32, which poses a risk of undoing all the work ETC has done in the past few weeks. Throughout the year, ETC has tested the barrier four times without successfully holding above the level.
Now, Ethereum Classic will hope the fifth time is the charm, buoyed by the onset of the bull market. The ADX is strongly pointing upwards, while the MACD sits above the signal line with increasing volumes. Also, Ethereum Classic will hope that the achievement of several upcoming milestones can continue to fuel the ETC price.
These include the Spiral hardfork scheduled for late January 2024. Also, Erigon Client Adoption, which secures and makes Ethereum Classic more accessible, and the addition of L2 scaling and compatibility. A break above the imminent barrier will see ETC aim for the $27.23 level.
Optimism Crypto: OP Aims to Revisit Its All-Time High
Ethereum Layer 2 scaling solution Optimism is aiming to revisit its all-time high this December after a tremendous rally. Optimism coin has grown over 88% in the past six weeks and recently even managed to break past a major resistance level at $1.83. Now, the next barrier lies at $3.27.
A break above the level will see the optimism coin surpass its all-time high recorded back in February of this year. Since reaching that level, it has been a downward slope for the Optimism coin, with the altcoin price sinking below $1 sometime in mid-June.
OP’s fortunes would change in the last weeks of September after Optimism announced its third airdrop. In total, OP tokens worth over $26 million at the time were distributed to 31,870 different wallet addresses. The tokens were aimed at rewarding users who had participated in the governance of the Optimism protocol between January and July of this year.
With a further 19% of the total supply set aside for future airdrops, interest in Optimism is sky high. And this is driving the price of OP even higher.
VC Spectra (SPCT) Gearing to Lead the Next Bull Run
Decentralized asset management and trading tool VC Spectra (SPCT) is readying itself to lead the upcoming bull market. At least, that is the perspective of many market experts who have witnessed the altcoin price grow tremendously over its presale.
VC Spectra eases crypto investing and trading for its users through its world-class decentralized protocol. Advanced technologies such as AI are utilized to source profitable opportunities within the crypto industry, which are offered to VC Spectra users.
On the protocol, you can find potentially profitable ICOs in their early stages, trading, and DeFi opportunities. The latter range from yield farming to staking and lending. All these opportunities are pooled into funds with varying degrees of risk and reward.
VC Spectra users can access the funds using SPCT tokens. The more SPCT one holds, the bigger their share of the fund. Also, the bigger their share of rewards, which are paid out as quarterly dividends. It’s this utility that has made VC Spectra an instant hit.
Its presale has seen the price of SPCT grow from $0.008 in the first round to $0.077 in the fifth and final round. Meaning early investors’ portfolios have grown by over 9X. The next step for VC Spectra (SPCT) is listing SPCT on Binance, Coinbase, OKX, and the rest. Its here, experts tip the price to explode, crossing $1 in record time.
Learn more about VC Spectra (SPCT) and its presale:
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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