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Shiba Inu (SHIB) is experiencing increased whale activity. Meanwhile, Bitcoin Cash (BCH) miners have depleted their reserves. What has been the price reaction to this news? Meanwhile, VC Spectra’s (SPCT) presale is going from strength to strength. Let’s see why VC Spectra (SPCT) is thriving and which of the three is a good crypto to buy in a slow market.
Shiba Inu News: Whales Bought $100 Million Worth of SHIB
On September 5, IntoTheBlock reported that whales forked out approximately $100 million for Shiba Inu (SHIB) tokens over the preceding week.
Analysts believe the reason for the increased activity from the whales is the early success of Shibarium, Shiba Inu’s (SHIB) new layer two protocol. A combination of these two events might mean that a Shiba Inu (SHIB) pump is around the corner.
Since the news broke, Shiba Inu (SHIB) has increased 1.5% from $0.00000750 to $0.00000761 within two days, affecting the recent SHIB price prediction. However, SHIB soon dropped to $0.00000720 by September 12, losing over 5% of its recent gains.
According to analysts’ SHIB price prediction for next week, Shiba Inu’s (SHIB) price will increase, as activity on Shibarium drives demand for the token. Moreover, analysts’ SHIB price prediction for 2023 sees SHIB reaching $0.00000969. They predict that the crypto market will be out of its current sideways movement and Shibarium activity will have more bearing on the price.
Based on the above, Shiba Inu might be a good crypto to buy now, especially for longer-term holding.
VC Spectra (SPCT) Remains Buoyant In a Slow Market
Despite the horizontal movement of the market, VC Spectra (SPCT) has remained in a strong position. Investors are still purchasing VC Spectra (SPCT) tokens by the thousands during the ongoing public presale.
VC Spectra (SPCT) is a decentralized hedge fund that provides top-notch blockchain investment experience. Users can invest in new DeFi projects and gain quarterly dividends. Holders of the VC Spectra (SPCT) token also get access to exclusive pre-ICOs and have voting rights.
The VC Spectra (SPCT) presale is currently at Stage 3. You can buy SPCT tokens at $0.025. Someone who purchases VC Spectra (SPCT) tokens at this stage will gain 32% at Stage 4 and 220% when the presale ends.
As it stands, VC Spectra (SPCT) might be the best crypto to invest in during a down market.
Bitcoin Cash (BCH) Miners’ Reserves: The Lowest In Five Years
According to a report on September 6, the total balance in Bitcoin Cash (BCH) Miners’ Reserves is 5.9 million BCH, the lowest since November 2018. This happened because Bitcoin Cash (BCH) miners sold 1.17 million BCH when the price hit $300 in June. Based on current market prices, that is about $225 million worth.
Since the report became public, the Bitcoin Cash price has decreased by 0.5% from $192.04 to $191.01 as of September 7. Analysts are unsure if the news caused the decrease as BCH has been one of the worst hit by the crypto market downturn.
However, Bitcoin Cash (BCH) soon turned the tables in its favor, reaching $200 on September 12. In addition, analysts predict that the market will trend upward towards the end of the year, and Bitcoin Cash (BCH) will follow suit.
Based on the above, Bitcoin Cash might not be the best crypto to buy when compared to Shiba Inu and VC Spectra, but it’s still a pretty good option.
To learn more about VC Spectra (SPCT), visit:
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.
