Amidst the approaching Litecoin (LTC) halving event and price drops causing investor caution, Chainlink (LINK) surges above $8, drawing attention. Meanwhile, VC Spectra (SPCT) gains traction, raising $2.4 million in two weeks through its private seed sale. In this article, we explore Litecoin’s (LTC) halving prospects, investor doubts, and the rise of VC Spectra (SPCT) and Chainlink (LINK) as compelling alternatives.
Litecoin (LTC) Halving 2023: A Milestone for the Crypto Community
Litecoin (LTC) investors are eagerly awaiting the crypto’s third halving event, which will slash the mining rewards on August 2, 2023. The current block rewards of 12.5 Litecoin (LTC) will drop to 6.25 Litecoin (LTC), creating a sense of optimism among crypto enthusiasts.
However, Litecoin’s (LTC) price does not reflect this optimism, as it has had a downward trend in the past week. During the last week, the Litecoin (LTC) price declined by almost 10% from $101.703 to the current price of $91.69. Moreover, only today, Litecoin (LTC) dropped by 0.53% from $92.27 to $91.78.
On the bright side, Litecoin’s (LTC) trading volume has grown by 16.6%, jumping from $470 million to $548 million. This shows that investors are actively trading Litecoin (LTC) in anticipation of the halving event.
Chainlink’s (LINK) Price Surpasses $8 Amidst Growing Institutional Interest
Over the past 24 hours, Chainlink (LINK) experienced a remarkable surge of over 20%, surpassing the $8 mark. The catalyst for this surge was the recent statement made by Sergey Nazarov, Chainlink’s (LINK) CEO.
Nazarov mentioned the potential usage of the newly launched CCIP protocol by banks and financial institutions to build their own blockchains and interconnect them. This shift towards institutions has the potential to significantly benefit not only Chainlink (LINK) but the entire cryptocurrency market.
Currently trading at $8.12, Chainlink (LINK) has seen an 18% increase from its previous price of $6.89 within the past 24 hours. This surge in Chainlink’s (LINK) price was accompanied by a staggering 329% rise in trading volume, spiking from $254 million the previous day to an impressive $1,089 million.
With such strong interest from institutional players, Chainlink’s (LINK) rise may be just the beginning of a new chapter for this altcoin. As the industry evolves and the adoption of blockchain technology expands, Chainlink’s (LINK) could be a game-changer, propelling it to new heights.
VC Spectra (SPCT) Unlocks Early-Stage Investment Opportunities
VC Spectra (SPCT) emerges as a decentralized hedge fund that presents a distinctive proposition in the fintech and blockchain industry. Investing in VC Spectra (SPCT) offers token holders exclusive access to fresh initial coin offerings (ICOs) during seed and private sales.
Currently, in Stage 2 of VC Spectra’s (SPCT) public presale, the token is selling at $0.011. This notable surge represents a remarkable 37.5% increase from the previous stage value of the VC Spectra (SPCT) token, at $0.008.
As VC Spectra (SPCT) continues to pave the way for investors seeking cutting-edge blockchain ventures, it stands as a catalyst for early-stage investment opportunities. During Stage 3 of the presale, the price of SPCT is projected to reach $0.025, indicating an impressive 127.27% increase from the current price of $0.011.
Investors who purchase SPCT tokens in Stage 2 will benefit from an astounding 627% surge by the end of the presale when SPCT is expected to reach $0.08.
Find out more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
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.