Litecoin’s halving event is less than 10 days away – What does this mean for LTC, BCH, & SPCT?

Litecoin’s (LTC) upcoming halving event is stirring curiosity in the market, with investors anticipating potential price surges while experts remain cautious about its overall effect. On the other hand, Bitcoin Cash (BCH) is in a consolidation phase after its bullish rally in recent weeks. 

Fortunately, VC Spectra (SPCT) offers unique investment opportunities by democratizing access to early-stage blockchain ventures. Let’s assess the competitive edge of LTC and BCH compared to SPCT.

Litecoin’s (LTC) halving event approaching: What to expect?

Litecoin’s halving event can be described as a double-edged sword. 

On the one hand, the event could trigger a massive price surge. This perspective is based on the deflationary influence of halving, which will increase Litecoin’s (LTC) demand while reducing the supply of newly minted coins from 12.5 LTC to 6.25 LTC. Analysts indicate the unique interplay between supply and demand factors holds the potential to shape the cryptocurrency’s trajectory in the coming weeks positively.

On the other hand, some experts have indicated a potential sell-off that could shake the crypto space, plunging Litecoin’s price. Notably, 690,000 new LTC addresses have come into existence quickly. However, historical data shows that a price correction typically follows whenever the number of new Litecoin addresses exceeds 350,000.

Litecoin (LTC) plummeted by 4.6% over the past week, from $93.9 to $89.6. With the halving event scheduled for August 2, 2023, analysts and investors closely watch Litecoin’s price movement. 

Can Bitcoin Cash (BCH) provide a challenge?

BCH’s rally pauses: What’s next for Bitcoin Cash?

Bitcoin Cash experienced an impressive bullish momentum in late June, surging by 205.7%, from $106 to $324. However, July brought a reversal of fortune, with a 26.9% dip as Bitcoin Cash (BCH) fell to $237. Experts suggest Bitcoin Cash’s (BCH) price reversal is attributed to increased market volatility.

Furthermore, Bitcoin Cash miners made significant token sales in the past month, amounting to $263 million. This move reduced BCH’s circulating supply from 40% to 34%, suggesting a lack of confidence in achieving higher prices in the near future.

Amid the miners’ diminishing confidence, BCH whale investors followed suit, reducing their trading activities. Between July 14 and July 25, the whale transaction volume declined by 76%, suggesting that prominent investors are becoming less certain about their BCH price expectations. So, analysts predict Bitcoin Cash (BCH) may plummet by 5.9% in the coming weeks, from $237 to $223. Let’s explore why VC Spectra (SPCT) is the safest bet for investors.

>>BUY SPCT TOKENS NOW<<

VC Spectra (SPCT) makes striking gains, setting the market ablaze

VC Spectra (SPCT) is a decentralized hedge fund that leverages strategic investment techniques to empower financial growth. As a user-centric platform, VC Spectra offers investors unique rewards, such as quarterly dividends and buybacks tied to investment returns.

Furthermore, VC Spectra (SPCT) caters to the investors’ diverse preferences, offering exclusive access to early-stage blockchain projects and pre-ICOs. The platform also employs a rigorous selection process rooted in strict risk management principles to identify promising investment opportunities.

Moreover, VC Spectra’s native token (SPCT) is a BRC-20 standard token enabling decentralized trading and asset management on the Spectra network. SPCT operates on the Bitcoin blockchain and embraces a deflationary framework, reducing token circulation through a burn mechanism.

VC Spectra forges ahead into Stage 2 of its public presale with unwavering determination. SPCT displayed a momentous 37.5% surge, propelling it from $0.008 to $0.011. Early investors now stand a chance to capitalize on a staggering 900% leap in value, while new buyers eagerly eye a promising 627% return on investment (ROI).

Learn more about the VC Spectra presale here:-

Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io/

Twitter: https://twitter.com/spectravcfund

Telegram: https://t.me/VCSpectra

Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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