The fear of missing out (FOMO) on profits is a crucial driver of trends in the cryptocurrency market. As August 2023 approaches, Litecoin (LTC), VC Spectra (SPCT), and 1inch Network (1INCH) continue to attract investors due to their promising future and potential for significant gains.
Let us explore what August 2023 holds for investors in these coins.
Upcoming Litecoin Events Lead To Investor Rush
Litecoin (LTC) investors eagerly await the upcoming halving event. Litecoin halving, a crucial event with a substantial price impact, is scheduled for August 5, 2023, and will cut Litecoin mining rewards in half from 12.5 LTC to 6.25 LTC.
Moreover, implementing the Mimblewimble protocol and additional Layer-2 solutions are other expected advancements in August 2023 that may impact the LTC price and lead to significant gains for investors.
However, in the last 24 hours, the price of Litecoin has decreased by 1.3% from $92.09 to the current $90.83. Despite the slight dip, analysts project the price will hit $100.02 in August.
FOMO on Litecoin leads the way for investors. Similarly, they rush to VC Spectra, which has announced expected gains soon.
Investors Take Up VC Spectra (SPCT) In Large Numbers For Projected Gains
VC Spectra (SPCT) is a decentralized hedge fund that leverages AI technology to invest in lucrative cryptocurrencies and promising technology startups. It uses algorithmic and systematic trading strategies to select profitable projects.
VC Spectra rewards its investors with quarterly dividends and buybacks when profitable.
VC Spectra (SPCT) has entered its second presale stage, and the price of the token got to $0.011 from $0.008, a 37.5% rise. Early investors can take profits and divest or increase their stake.
The VC Spectra token is a Bitcoin-based BRC-20 standard coin used on the network to clear transaction fees, asset management, and exchange between investors. It is deflationary due to the burn mechanism that reduces the available coins to keep them scarce and maintain their value. Investors can buy it using the Ethereum or Bitcoin network (ERC-20 and BRC-20).
FOMO will ensure investors, particularly those seeking the estimated 900% VC Spectra (SPCT) profit at the end of the presale stage, get it at this early stage.
Investors rushing to purchase SPCT are also doing the same for 1inch Network (1INCH).
1inch Network Sees A Large Price Coupled With Growing Investor Interest
The surge in price for 1inch Network (1INCH) can be accredited to the rising number of cryptocurrency users participating in transactions on the 1inch Network. During the initial half of the year, the active user base consistently expanded, leading to a positive impact on the native token’s value.
Despite FOMO causing a 1inch Network rush, in the last 24 hours, the price of 1inch Network has fallen. It moved from $0.41 to $0.35, a 14% decrease. Yet, 1inch Network volatility and trading activity show continued interest in 1inch Network. As DeFi evolves, the performance of 1Inch Network follows, and the price will grow.
Analyst projections are bullish, indicating a continued rise to $0.38 by August from 1inch Network (1INCH).
Find out more about the VC Spectra presale here:
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- Source: https://coinpedia.org/press-release/investors-rush-to-litecoin-vc-spectra-1inch-network-before-august-2023/
