The second half of 2023 will see a new contender capture the spotlight, steering attention away from established players like Cosmos (ATOM) and Bitcoin Cash (BCH). This emerging star is capturing the imagination of investors for its groundbreaking approach to decentralized finance (DeFi) and strategic investments. Let’s find out why!
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Cosmos (ATOM) Inflation Reduction Fuels Price Surge
On November 26, the Cosmos crypto community voted to significantly reduce the inflation rate of its native token, ATOM. The proposal, which garnered 41.1% support, will cap the maximum inflation rate of Cosmos ATOM from 14% to 10%. This move marks a critical step towards long-term sustainability for Cosmos’s (ATOM) ecosystem and has sent ripples through the broader cryptocurrency market.
The news ignited a positive trend for Cosmos, propelling a significant surge in ATOM’s price. Between November 26 and December 14, Cosmos’s (ATOM) price went from $9.67 to $11.90. This reflects a 23% price increase for Cosmos ATOM.
The community’s move to reduce the inflation rate of Cosmos ATOM will reduce the number of new ATOM tokens. Fewer tokens will potentially boost the altcoin price. Driven by this, market analysts are optimistic that Cosmos will maintain its bullish trend, pushing the price of ATOM to $12.67 by December 30.
BCH Trading Volume Resurgence Fuels Bitcoin Cash Price Surge
Bitcoin Cash (BCH), the hard fork of Bitcoin focused on scalability and faster transactions, has witnessed a significant resurgence in trading activity, according to a recent report by CryptoCompare. The report, published on October 11, reveals a staggering 53% increase in Bitcoin Cash’s (BCH) average daily trading volume since the second quarter, reaching a new high of $1.6 billion.
This resurgence was followed by a significant rally in Bitcoin Cash price. Between October 11 and December 9, Bitcoin Cash’s (BCH) price climbed from $213.13 to $259.48. This reflects a 17% price increase for BCH. However, by December 14, BCH witnessed an 8% price decline, dropping to $237.13.
Despite its price drop, market analysts maintain that Bitcoin Cash (BTC) will regain momentum. The significant increase in Bitcoin Cash’s (BTC) trading volume signals increased interest and adoption. Due to this, the Bitcoin Cash price prediction suggests that BCH’s price has the potential to reach $240.06 by December 31.
VC Spectra (SPCT): DeFi Frontrunner with Bullish Potential
In its quest to surpass the bullish steps of top altcoins Cosmos (ATOM) and Bitcoin Cash (BCH), VC Spectra (SPCT) has emerged as the frontrunner in DeFi innovation and strategic investments. Positioned as the premier DeFi crypto management protocol, VC Spectra (SPCT) has meticulously navigated the blockchain sector, identifying and nurturing top-notch DeFi projects from their inception.
As VC Spectra (SPCT) went through Stage 1 to Stage 5 of its public presale, VC Spectra garnered significant attention, selling more than 500 million SPCT tokens. The DeFi token witnessed a steady price increase, propelling an 862.5% surge from $0.008 to $0.077. This impressive performance has placed VC Spectra (SPCT) on the DeFi crypto-list of bullish tokens.
Aside from its bullish price performance, VC Spectra (SPCT) is committed to shareholder value, offering users quarterly dividends and a share in profits from successful investments and buybacks. The platform has redefined DeFi investment with its innovative approach.
Riding on this, experts predict VC Spectra (SPCT) will likely surpass its presale price target of $0.080 before the end of December. This equates to a staggering 900% increase from VC Spectra’s (SPCT) starting price of $0.008. Due to this promising trajectory, analysts have tagged VC Spectra (SPCT) as one of the altcoins to watch out for!
To learn more about the VC Spectra (SPCT) and its presale, 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 sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.