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Ethereum (ETH) and Ethereum Classic (ETC) are following a bearish trend this week, and investors are losing patience; many have deflected to VC Spectra (SPCT). Raising more than $2.4 million in private presale events, VC Spectra (SPCT) is quickly becoming a strong competitor for Ethereum (ETH) and Ethereum Classic (ETC).
Meanwhile, if Ethereum (ETH) is going down and what would be the effects on Ethereum Classic (ETC)? Let’s find out.
Ethereum (ETH) Going Down: What Does It Mean For Ethereum Classic (ETC)?
Ethereum’s (ETH) trends are typically followed by Ethereum Classic (ETC). This can be confirmed by comparing ETH’s and ETC’s weekly graphs. Ethereum Classic (ETC) reached its weekly high on July 6 and followed Ethereum’s (ETH) downward trend.
Ethereum (ETH) started this week at $1,909 on July 6 and surged by 2.25% to $1,952 on the same day. This came after OKEX announced that it would support Ethereum (ETH) deposits via Starknet.
While the first day looked like a good start, the reality was different for Ethereum (ETH) as it faced significant rejection from the $1,950 region and dropped to its weekly low of $1,836 on July 7.
Since July 7, Ethereum (ETH) has followed a bearish trend, constantly retesting the higher highs of $1,850. The same can be seen for Ethereum Classic (ETC) as it touched the highs of $18. On July 11, Ethereum (ETH) saw a minor breakout above $1,900 and established a growing trend; it mirrored in Ethereum Classic (ETC) weekly graphs.
Ethereum Classic (ETC), like Ethereum (ETH), also experienced a small surge. Numerically, up by 1.75% to $19.12 on July 11. This trend appears bullish, although not confirmed, and has held momentum as of July 12. Ethereum (ETH) and Ethereum Classic (ETC) may attempt another breakout next week based on the trends and RSI indications.
Therefore, a more accurate prediction can be made after analyzing Ethereum’s (ETH) trend in the next week.
VC Spectra (SPCT): The Probability of 900% Massive Surge!
Meanwhile, VC Spectra (SPCT) is following a growing trend even before its launch on major exchanges. VC Spectra (SPCT) , a new asset management blockchain, provides excellent income growth opportunities by offering safe investments in ICOs and other startups.
Additionally, all investments are protected by experienced venture capitalists and professional risk management teams employed by VC Spectra (SPCT). Further incorporating investor involvement, VC Spectra (SPCT) follows a decentralized investment management system through exclusive voting rights.
VC Spectra (SPCT) investors can secure additional profits by investing in the VC Spectra Fund.
Token presale is live in private and public events. The private presale raised more than $2.4 million, and the public presale continues in stages. Stage 1 offered 125 million VC Spectra (SPCT) tokens at $0.008. Stage 2 will raise this price by 37.5% to $0.011.
A target price of $0.08 is set for launch on major exchanges and will be reached by continuously increasing prices in consecutive stages. When the VC Spectra (SPCT) token launches, it will mark a 900% surge in value since its initial offering price in Stage 1.
Learn more about VC Spectra (SPCT) and its presale:
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 marketing content.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.