Litecoin (LTC) and Dogecoin (DOGE), well-known cryptocurrencies, face industry challenges that could hinder their growth. Dogecoin’s (DOGE) price is declining despite Elon Musk’s support, while Litecoin (LTC) did not meet the expectations of its halving event.

Meanwhile, some cutting-edge crypto investments are transforming the crypto industry, with VC Spectra (SPCT) topping the list. The platform raised over $24 million in its private/seed sale, establishing itself as a significant player in the cryptocurrency industry.

Litecoin (LTC) Price Falls After the Much-Anticipated Halving Event

Litecoin (LTC) experienced a significant price drop on August 2, 2023, following its highly anticipated halving event.

The native token of the Litecoin blockchain, LTC, dropped to $86, reaching a level last seen on June 30. As of August 3, 2023, Litecoin’s (LTC) price was still around $86, with a 7.96% increase in trading volume within 24 hours.

Litecoin’s (LTC) halving cycle has been characterized by periods of positive anticipation, with fluctuations occurring before the event. However, Litecoin (LTC) moved in the opposite direction this time. Moreover, experts anticipate the current situation may result in a whale dump and a significant price decline.

Technical indicators demonstrate a bearish sentiment in the current Litecoin (LTC) market, suggesting that the price may decline further in the upcoming days. Some analysts, however, predict that Litecoin (LTC) could reach the $100 mark by the end of the year.

Dogecoin (DOGE) Struggling to Gain Relevance, With the Potential for a Bullish Breakout

Dogecoin (DOGE) has experienced a decline following multiple dips in recent days. The fall contradicts the 9% increase prompted by Elon Musk’s tweets on July 25, 2023. 

As of August 3, 2023, Dogecoin (DOGE) has experienced a decline of over 80% from its all-time high, reaching $0.073. The price has decreased by 4.46% in the past 24 hours, while the trading volume has increased by 34.18% to $411.18 million.

Dogecoin’s (DOGE) price is currently experiencing a recovery rally. However, sellers are attempting to breach the crucial support during the current correction phase. Such a breach could increase selling pressure, causing a significant correction phase for Dogecoin (DOGE).

Dogecoin’s (DOGE) market sentiment is slightly bearish, but the long-term outlook remains bullish. Furthermore, analysts predict a Dogecoin (DOGE) breakout if it surpasses its resistance level. According to recent Dogecoin (DOGE) price prediction charts, it could reach $0.114 by the fourth quarter of 2023.

VC Spectra (SPCT) Experiences Meteoric Growth, Lighting Up the Market

VC Spectra (SPCT) is a decentralized hedge fund that utilizes strategic investment techniques to drive financial growth. The user-centric platform provides investors with exclusive rewards, including quarterly dividends and buybacks based on investment returns.

Furthermore, VC Spectra (SPCT) provides investors exclusive access to early-stage blockchain projects and pre-ICOs, catering to their diverse preferences. Additionally, VC Spectra (SPCT) utilizes a rigorous selection process based on strict risk management principles to identify promising investment opportunities.

VC Spectra’s native token, SPCT, is a BRC-20 standard token that facilitates decentralized trading and asset management. SPCT operates on the Bitcoin blockchain and implements a deflationary framework by reducing token circulation through a burn mechanism.

VC Spectra (SPCT) is in Stage 2 of its public presale, with the token selling at $0.011, up from Stage 1’s price of $0.008. Furthermore, SPCT experienced a significant increase of 37.5% after the transition.

New VC Spectra (SPCT) investors can anticipate a promising 627% ROI when the token reaches the expected price of $0.08. Furthermore, VC Spectra also offers a 25% bonus on all deposits. 

Learn more about the VC Spectra presale here:

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

Website: https://vcspectra.io/

Twitter: https://twitter.com/spectravcfund

Telegram: https://t.me/VCSpectra

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.