Investors continuously seek hidden gems with explosive potential in this bearish-run crypto market. Litecoin (LTC) did not perform well even though it was predicted to explode after the halving event, whereas Avalanche (AVAX) plunged throughout the past seven days.
On the contrary, VC Spectra (SPCT) has emerged as a trailblazer unlocking secrets to tremendous growth with impressive presale achievements.
Litecoin’s (LTC) hashrate hit a new all-time high
Litecoin’s hashrate has risen to a new all-time high. As per a tweet made by Litecoin’s Twitter handle on August 6, 2023, Litecoin touched 933.2 TH/s which is stronger than ever. This indicates that more miners are entering the Litecoin (LTC) community. Remarkably, this uptick in hashrate has led the Litecoin network to reach an unprecedented height.
However, Litecoin’s halving event did not give favorable outcomes to the LTC community. History might repeat. Likewise, the downhill in Litecoin price shows a possibility of repetition of 2019 halving. Litecoin (LTC) followed a bearish momentum, dropping the price by 8.90% in the past seven days.
Meanwhile, Litecoin has slightly increased by 0.38% and is trading at $82.69 in the last 24 hours. Moreover, Litecoin’s trading volume also surged by 49.34% in the same time frame. Analyst reveals that LTC bulls must defend the $80 area, but further losses are likely if they fail.
The Avalanche (AVAX) Foundation introduced a $50M initiative
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The Avalanche Foundation allocated $50 million to purchase tokenized assets minted on the Avalanche blockchain on July 25, 2023. This initiative, Avalanche Vista, follows a significant milestone in asset tokenization. With this initiative, Avalanche (AVAX) intends to expand its ecosystem and attract new users by accelerating the growth of tokenization.
Despite Avalanche’s initiatives to stand in the DeFi space, its TVL experienced a continuous downfall from $770 million to $608 million over the last few months. Moreover, AVAX’s price fell 7.88% in the past 30 days.
Meanwhile, Avalanche (AVAX) is trading at $12.48, with a marginal decrease of 1.17% in the last 24 hours. And, Avalanche’s market cap plunged by 1.18% simultaneously. Experts suggest that Avalanche is following the current bearish trend.
VC Spectra (SPCT): A key to exponential growth
VC Spectra (SPCT) is a decentralized trading platform and asset management protocol that capitalize on the multi-billion-dollar blockchain and tech space. VC Spectra has disrupted the traditional investment landscape by being a viable option for skyrocketing growth.
But that’s just not at all! VC Spectra offers cutting-edge data analytics and visualization tools, enabling them to extract valuable insights from the blockchain and technology market. Also, VC Spectra (SPCT) protocol makes it accessible to anyone, regardless of their financial status or location.
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VC Spectra’s has captivated investors with its lucrative journey. Moreover, VC Spectra uses smart contracts to manage investments, distribute rewards, and store funds.
VC Spectra is in Stage 2 presale for its utility token, SPCT, which is available at $0.011. Investors are already impressed with 37.5% ROI on their initial investment. Previously, the SPCT token was at $0.008 in Stage 1. Investors are confident that VC Spectra will make absolute profits when its presale ends, representing a 900% surge in the initial price. A limited-time offer of a 25% bonus is kept intact on all deposits.
