Bitcoin Cash and Litecoin Turn Bearish – Here’s Why and Where to Invest Instead

2023-07-21 14:11:43

The past few weeks in crypto have consisted of ups and downs. It began with the SEC lawsuit in June before well-known large financial corporations picked it up. Most recently, the conclusion of the ongoing SEC vs. XRP legal battle also contributed to bullish prices.

Still, Bitcoin Cash (BCH) and Litecoin (LTC) have lost some ground since the start of July. On the opposite side is VC Spectra (SPCT), a new altcoin giving investors an avenue for lucrative alternative investments.

>>BUY SPCT TOKENS NOW<<

Whales Offload $27.5 Million Worth of Bitcoin Cash (BCH)

The Bitcoin Cash (BCH) whales continue to offload millions of BCH. Santiment revealed that whales with 1-10 million Bitcoin Cash (BCH) tokens decreased their holdings by 100,000 since the start of July, totaling $27.5 million.

This has understandably led to a noticeable correction for Bitcoin Cash (BCH), dropping by 28% from $328 to $238. Analysts point to the ‘greed’ sentiment in crypto (according to the Fear & Greed Index) as another contributor.

Still, Bitcoin Cash (BCH) has delivered a decent performance in the first half of 2023, with over 200% year-to-date gains

Its predecessor, Litecoin (LTC), also tells the same story as it gears up for its historic third halving.

Litecoin (LTC) Hits Another Milestone Amid Anticipation of Halving Event

The hype for Litecoin’s (LTC) quadrennial halving is at a fever pitch. Set for August 2, 2023, the mining rewards will get reduced from 12.5 LTC to 6.25 LTC here.

The adoption of Litecoin (LTC) over the past few months has skyrocketed, with the project reaching a milestone of 170 million transactions to date. According to Litecoin’s (LTC) developers, the blockchain processed over 10 million in the past seven weeks alone.

Still, like Bitcoin Cash (BCH), the price of Litecoin (LTC) has dipped by 21% (from $116 to $91) since the start of July. However, most investors won’t mind, as the upcoming halving could kickstart a much-desired bull run soon.

VC Spectra (SPCT) is another project on the same trajectory and offers better prospects for substantial returns than Bitcoin Cash (BCH) and Litecoin (LTC).

>>BUY SPCT TOKENS NOW<<

VC Spectra (SPCT) To Drive Innovation In Blockchain and Financial Technology

Anyone looking for profit-generating returns in alternative investments should consider VC Spectra (SPCT). This novel crypto-based hedge fund will back emerging companies in the ever-growing blockchain and technology industries.

VC Spectra (SPCT) is entirely autonomous thanks to smart contracts that handle most of the functions that require a person. Yet, it also has an investment team to choose the best projects to back through a meticulous selection process. Along with this foundation, VC Spectra (SPCT) will implement ious sophisticated strategies to reduce risks while maximizing profits.

SPCT is VC Spectra (SPCT) sole medium of exchange with ious utilities. Yet, the most attractive part about this token is the added benefits. SPCT offers voting rights, exclusive access to discounted pre-ICOs, and quarterly dividends through buybacks.

While Bitcoin Cash (BCH) and Litecoin (LTC) are mainstays, a 10x return may only happen after a few years. Early adoption is always key in crypto; VC Spectra (SPCT) presents this very opportunity as a new project that will become mainstream.

SPCT will soon trade at $0.011 (from $0.008) as it enters Stage 2 of its presale. The best part is the long-term forecast, as experts predict a 10x gain for investors buying at $0.08 once VC Spectra (SPCT) launches.