VC Spectra (SPCT): The Sleeping Giant Amongst Giants like Bitcoin (BTC) & Ethereum (ETH)
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Bitcoin (BTC) and Ethereum (ETH), the two giants of crypto, couldn’t avoid the turbulent waves of the bear market in mid-August. Recently, the SEC has decided to delay its decision on Bitcoin (BTC) ETFs.
Meanwhile, Ethereum (ETH) saw a price boost after Polygon announced support for Ethereum ZK-powered layer 2s.
But the sleeping giant garnering attention among new DeFI projects for its remarkable growth is VC Spectra (SPCT).
Let’s explore why investors consider VC Spectra (SPCT) a sleeping giant, which can be the best crypto to invest in.
BUY SPCT TOKENS NOW
On August 31, 2023, the U.S. Securities and Exchange Commission (SEC) delivered news that sent ripples through the cryptocurrency industry, including BTC.
The SEC announced the postponement of its decisions on seven Bitcoin (BTC) exchange-traded fund (ETF) proposals.
This move by the SEC, which allows for a maximum delay of 240 days or roughly six months, added to the frustration of those in the crypto space wondering about the Bitcoin future.
In response to this news, Bitcoin (BTC) saw a dip in its price. Before the announcement, BTC was valued at $27,456 on August 31.
Following the news, the BTC price fell to $25,362 on September 1, marking a Bitcoin drop of 7.6%.
As the crypto industry grapples with these developments, there's growing support for collaboration between regulators and Congress to establish a robust regulatory framework for cryptocurrencies.
The Bitcoin future and the broader crypto market hinges on the outcome of these discussions.
Exciting developments are underway in the Ethereum (ETH) ecosystem.
On September 1, 2023, it was announced that Ethereum
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