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As crypto investors usher in September’s prospects, a battle for supremacy is brewing. Ethereum Classic (ETC) witnessed a massive surge following Grayscale’s legal victory, while PEPE price was adversely affected amid increased market volatility. Meanwhile, VC Spectra (SPCT) is regarded as the best crypto to invest in as it maximizes investor profits with AI trading tactics.
Find out why VC Spectra (SPCT) outshines Ethereum Classic (ETC) and Pepe (PEPE).
Ethereum Classic (ETC) Shows Massive Volatility
On August 29, 2023, the D.C. Circuit Court of Appeals invalidated the SEC’s earlier rejection of Grayscale’s spot Bitcoin ETF, causing increased activity on Ethereum Classic’s (ETC) network. Notably, the court’s decision strips away the SEC’s historical rationale for denying spot Bitcoin ETF applications, although it doesn’t directly mandate the SEC to accept them.
Experts say this triumph propels Grayscale closer to transforming its GBTC fund into a spot Bitcoin ETF. Prior to Grayscale’s recent success, experts had anticipated the SEC’s approval of an ETH futures ETF. In the wake of this victory, the route to a potential spot, Ethereum ETF, is wide open.
Due to the recent developments, the Ethereum Classic price skyrocketed by 12.3% between August 29 and September 1, with ETC increasing from $15.26 to $17.14. Unfortunately, increased price correction plunged the Ethereum Classic price from $17.14 to $14.52 between September 1 and September 11, a 15.28% drop in ETC.
Still, experts remain bullish on the Ethereum Classic price. As Ethereum Classic (ETC) transcends the crypto space, the Ethereum Classic price prediction indicates ETC will trade between $15.79 and $18.23 over the coming weeks.
Let’s find out how Pepe (PEPE) compares to Ethereum Classic (ETC).
Pepe’s (PEPE) Value Slumps Amidst Massive Selling Pressure
The cryptocurrency world witnessed a major upheaval when PEPE experienced a sharp drop due to massive selling pressure. According to the coin’s press release on August 22, three defiant team members seized the opportunity to cash in millions of tokens, swiftly selling them on various exchanges.
As PEPE continued its downward spiral, an original investor in the project made a staggering move. He traded a mind-boggling 1 trillion PEPE tokens for 537 ETH, translating to approximately $885,000. These substantial exits and a notable reduction in incoming token transfers only amplified the immense sell-off on the PEPE market.
So, it’s no surprise PEPE price plunged by 57.76% between August 22 and September 11, from $0.00000156 to $0.000000659. In light of PEPE’s massive downturn, a recent PEPE price prediction suggests that the PEPE price may drop further in the coming weeks.
Can VC Spectra (SPCT) change the tides?
VC Spectra (SPCT) is Making Headlines for All the Good Reasons
VC Spectra (SPCT) remains committed to fostering financial growth by offering access to strategic investments and pre-ICOs. The platform uses a meticulous selection process to identify highly profitable investment opportunities.
Investors don’t need initial capital to access income-generating opportunities and sustainable investments. VC Spectra (SPCT) uses its profits to reward users with quarterly buybacks and dividends.
VC Spectra (SPCT) also offers voting rights to its investors, ensuring a more democratic and inclusive governance structure.
VC Spectra (SPCT) recently advanced to Stage 3 of its public presale. With a value of $0.025, SPCT has risen by an impressive 212.5% from its initial price of $0.008.
Astute investors stepping in can still relish a significant 220% return on investment (ROI) before VC Spectra (SPCT) hits the exchanges. Join VC Spectra’s (SPCT) presale today and enjoy a 10% bonus on any deposit.
Find out more about the VC Spectra presale here:
Buy presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
