What you'll learn 👉
Summary:
- $6.74 million spent on a new Bitcoin (BTC) mining facility
- VC Spectra (SPCT) tops the DeFi crypto list
- 85 billion Terra Classic (LUNC) tokens burned
The holidays are always busy for crypto markets worldwide, creating more room for sudden fluxes and surges. Analysts are keeping a close eye on this year’s Christmas rally, expecting performance shifts for the most popular coins and new names alike.
We delve into the latest happenings affecting Bitcoin dominance (BTC), comparing it to incoming threats from the VC Spectra (SPCT) token and the Terra Classic (LUNC). If you’re looking for high holiday returns at the end of 2023, here is the news!
Bitcoin (BTC) Price Prediction: Will the New $6.74 Million Investment Be Worth it?
In preparation for the upcoming halving event in April 2024, Bit Origin pulled a real power move: spending $6.74 million for a new mining facility in Cheyenne, Wyoming. The project is set for completion around the start of Q2 2024. If all goes well, the 25-megawatt facility should board up to 8,400 bitcoin miners.
Analysts deem the new investment as a risk dependent on a potential surge in the second half of 2024. Earlier this year, Bitcoin (BTC) was still suffering from catastrophic lows at the end of 2022. However, the Bitcoin (BTC) candlestick assumed a curved upward arrow, restoring Bitcoin dominance and reaching its current value of $42,036 (surging 0.61% over the last seven days).
For crypto experts, those movements clearly show a strong upside potential and new all-time highs. The latest projections expect further bullish pressure for Bitcoin (BTC), ensuring an RSI above 70 and just below overbought conditions. In such a climate, optimists foresee a high surge for Bitcoin (BTC) during the Christmas Rally 2023, potentially surpassing $55,000.
VC Spectra (SPCT): One of the Best Cryptocurrency to Buy Today
While Bitcoin dominance remains a reality for crypto traders, a few top altcoins keep securing a place in the spotlight. Among the newer entries on the decentralized cryptocurrency list, VC Spectra (SPCT) easily takes the headline. VC Spectra (SPCT) brings several forward-thinking methods that might upset the playing field as soon as 2024.
VC Spectra (SPCT) is a BRC-20 token that facilitates low-risk investment opportunities. During its private sale, VC Spectra (SPCT) made waves by raising $2.4 million, spurring a lasting momentum.
VC Spectra (SPCT) also rewards its holders with dividend rights during the public presale. Aside from that, this decentralized hedge fund properly utilizes the latest breakthroughs in AI, producing optimal grounds for sustainable returns.
Over the last few months, the presale brought massive surges in the VC Spectra (SPCT) price. After starting at $0.008 during Stage 1, the value kept on rising, producing an incredible leap between Stage 3 and Stage 4. At the moment, VC Spectra (SPCT) is at Stage 5 of its public presale, sitting at $0.077 after surging once again by 16.6%.
Bulls are confident in their predictions for the end of the VC Spectra (SPCT) presale, concurring for a value over $0.080.
Can the Focus on Deflationary Tactics Bring Victories for Terra Classic (LUNC)?
Earlier this week, Terra Classic (LUNC) investors succeeded in collectively burning over 85 billion LUNC tokens. This was an ongoing effort of the Terra Classic (LUNC) community, started in May 2022, to minimize LUNCs’ volatilityin the future. Also, during this week, L1FT rolled in the v2.3.2 upgrade, addressing the validation issues Terra Classic (LUNC) holders experienced in the past.
The price of Terra Classic (LUNC) showed much volatility in the last few weeks. After dropping to $0,000069 on November 22, the price rose to $0.000270 on December 4 – a 291% surge. However, the last seven days saw another price decline for Terra Classic (LUNC), settling at the token’s current value of $0.00018.
Analysts predict a slight bullish turnaround for Terra Classic (LUNC) for the remainder of 2023 and during Q1 2024. The most optimistic views point to a possible 72% surge for Terra Classic (LUNC) before Christmas, potentially peaking at $0.00031. Such views are based on the low RSI of 40, fueling expectations for a slight Terra Classic (LUNC) bull flag.
Learn more about the VC Spectra presale here:
Presale | Website | Telegram | Twitter
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