Litecoin (LTC) tweeted on August 7 that PayPal has added its stable token to Litecoin’s ecosystem. Is that update responsible for the 1.79% uptick in Litecoin (LTC) on August 8? Meanwhile, VC Spectra (SPCT), a decentralized hedge fund, is almost 53% complete on Stage 2 of its public presale, selling nearly 60 million tokens at $0.011 apiece. Investors are dying to find out which is a better option. Read our insights to discover your best bet.

Shedding Some Light on Litecoin’s (LTC) Price Action

Litecoin (LTC) tweeted on August 6 that its hashrate is quickly drawing closer to a new all-time high while currently working at 933.2 TH/s. There is a struggle to nudge that new all-time high, but it’s getting there inch by inch. This tweet coincided with another tweet, including PayPal’s latest stable coin on Litecoin (LTC). These updates garnered mixed sentiments from X users who may have been trading Litecoin (LTC) for a while. 

Some tweeted that this good news will soon reflect in the trading price of Litecoin (LTC), while others said that traders are selling on good news. True enough, Litecoin (LTC) closed on August 6 in the negative territory by 0.70%, followed by another negative end-of-day change of 0.09% by the next trading day. Meanwhile, the optimists prophesied the positive impact of that update as Litecoin (LTC) surged by 1.79% on August 8.

As of August 9, Litecoin (LTC) trades at $83.75 per token, down by nearly 23% as of the end of the first half of 2023. Technical analysts say Litecoin (LTC) must maintain its position above the support at $82.93 to prevent the market sentiment from turning more bearish than it currently is and test a deeper support level at $73.30.

VC Spectra (SPCT) Steals the Torch From Litecoin (LTC)

VC Spectra is an Ethereum and Bitcoin-compatible decentralized hedge fund with a bold ambition of democratizing blockchain technology. 

VC Spectra (SPCT) is one of the most talked about tokens on news websites and X (formerly Twitter) due to its investor-oriented product ecosystem and familiar tokenomics among experienced crypto traders and newbie investors. VC Spectra (SPCT) has a deflationary nature, which means the number of tokens decreases over time.

VC Spectra (SPCT) already secured $2.4 million worth of investments during its private seed sale. In July 2023, VC Spectra (SPCT) sold 125 million tokens worth $1 million at $0.008 each on Stage 1. Currently at Stage 2, VC Spectra (SPCT) is priced at $0.011 apiece, rewarding Stage 1 investors with a generous 37.50% profit. VC Spectra’s (SPCT) Stage 2 is almost 54% complete, with less than 58 million tokens available before the price increases from $0.011 to $0.025.

Excitement is in the air as Stage 2 investors expect to pocket 127.27% profit, while Stage 1 investors who have stayed invested will see their money grow by 212.50% once Stage 3 of VC Spectra’s (SPCT) public presale is started.

Even though Stage 2 of the public presale of VC Spectra (SPCT) is just halfway finished, early supporters are on the edge of their seats for the next stages of its public presale. By the end of its public presale, VC Spectra announced that the final price of VC Spectra (SPCT) is $0.08 per token. 

Learn more about the VC Spectra (SPCT) presale:

Buy Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.