Litecoin & Chainlink holders turn to VC Spectra as bearish pressure lingers

As bearish sentiment persists in the cryptocurrency market, holders of Litecoin (LTC) and Chainlink (LINK) are increasingly turning their attention to VC Spectra (SPCT). Buyers are exploring the potential of VC Spectra as a promising investment option to make up for their losses in the prevailing bear market. Let’s see why!

Litecoin (LTC) faces a decline despite its halving event 

On August 2, 2023, Litecoin underwent its highly anticipated halving event, which is a significant aspect of Litecoin’s monetary policy designed to regulate its coin supply. The halving event aims to achieve 84 million LTC tokens in the long term.

However, immediately after Litecoin’s (LTC) halving, there was a noticeable sell-off by investors and users, resulting in a lack of positive impact on Litecoin’s price. This behavior can be attributed to a common trading strategy known as “selling the news,” where short-term traders sell their assets following a price surge.

Within 24 hours of the event, Litecoin (LTC) experienced a 5.48% increase in price, rising from $89.40 to $94.30, prompting some traders to sell their Litecoin holdings. As a result, the price of Litecoin has gradually declined from $94.30 to $64.34, a 31.75% drop between August 3 and August 20. 

If the overall market sentiment remains bearish, the price of Litecoin (LTC) is expected to continue to decline.


Chainlink (LINK) drops amidst price feeds launch 

Chainlink introduced Chainlink Price Feeds on Base, which is Coinbase’s Layer-2 blockchain, via a tweet on August 9, 2023, which has generated interest and strengthened trust in the Chainlink ecosystem.

After the declaration, Chainlink (LINK) encountered a notable 6.37% price surge within a span of 24 hours. At this point, Chainlink’s value rose from $7.38 to $7.85.

Nevertheless, the cryptocurrency market has experienced significant volatility, leading to a gradual decline in Chainlink’s price. The value of LINK decreased from $7.85 to $6.17, indicating a substantial 21.4% drop from August 10 to August 20.

The current overall market sentiment indicates that if the bearish trend persists, Chainlink (LINK) is likely to incur further declines.

VC Spectra (SPCT) thrives despite market volatility

Despite the bearish market conditions, VC Spectra (SPCT) remains impressive, projecting a remarkable 220% ROI. 

This revolutionary decentralized hedge fund provides users with exciting benefits such as quarterly dividends & buybacks derived from their investment profits. As a user, you’ll gain exclusive access to promising ICOs during their seed and private sale stages, as well as the ability to exercise voting rights.

At the heart of this groundbreaking platform is the VC Spectra token, SPCT, an exceptional BRC-20 standard token designed for seamless exchange, decentralized trading, efficient asset management, and transaction fee payments on the Spectra platform. Notably, SPCT operates on the secure and established Bitcoin blockchain. What’s more, this token is deflationary, ensuring a reduction in token circulation over time through a burn mechanism.

VC Spectra (SPCT) has experienced a surge in price to $0.025 starting from August 17. Stage 1 investors have already earned an impressive 212.5% return on their investment, while Stage 2 investors have gained a notable 127.27% return. 

Acquiring SPCT tokens at $0.025 would result in a notable gain of 220% during the presale period when SPCT reaches $0.08.

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

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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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