Based on available data, the TRX price rallied after Justin Sun made a special announcement regarding Huobi. Likewise, LTC and SPCT accumulation has surged recently, indicating investors’ decision to buy Litecoin and VC Spectra tokens. As a result, both assets have entered a continued uptrend.
Let’s find out why these might be the best cryptocurrencies for massive gains in 2023.
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Huobi Announces Rebranding, Tron (TRX) Soars
On September 13, Huobi announced plans to remodel the cryptocurrency exchange. In particular, Huobi is reportedly set to alter the company’s name to HTX. Recently, Huobi changed the names of its social media handles to reflect the upgrade.
After spotlighting plans to rebrand Huobi, Tron (TRX) recorded a modest 0.59% increase, from $0.080 to $0.081. Since then, the TRX price has maintained a steady rally, with the asset registering a 3.46% rise between September 14 and September 15, from $0.081 to $0.083.
Furthermore, data from Nansen’s blockchain analytic platform showed over 4.8 million transactions executed on the Tron (TRX) network. These hefty transactions also contributed to the recent upswing in the TRX price. Data further indicates that the Tron coin is up 10% in the past month.
Tron (TRX) created strong support at the $0.073 price zone after pushing to $0.082. Analysts believe that if the Tron bulls can hold the price of TRX above $0.082, the coin could experience a continued upswing. However, falling below the $0.082 range will result in a further dip for the Tron coin.
Litecoin (LTC) Sees Continued Uptrend
Initially, Litecoin (LTC) was designed as an improved replica of Bitcoin (BTC). Litecoin (LTC) boasts an expedited block generation process and utilizes a dynamic algorithm, Scrypt. As an innovative technology, Litecoin (LTC) offers scalability solutions and unlimited network access.
According to market data, Litecoin (LTC) rose above its monthly low of $57.7 in September despite the lackluster market condition. In addition, as of September 10, Litecoin (LTC) long-term holders’ wallets had surpassed 5 million, marking a new all-time high.
This increase represented an addition of 602,000 new addresses since Litecoin (LTC) fell from its annual high of $114 on July 2. At the time, Litecoin holders had increased their holding to 3.2 million LTC. This report indicated that investors are moving to buy Litecoin.
Analysts posit that the increase in Litecoin holders could bolster confidence in the LTC network. According to their LTC price prediction, the coin should experience substantial growth in the future as more investors buy Litecoin, driving its price.
VC Spectra (SPCT) Price Spikes As Adoption Increases
VC Spectra (SPCT) is an innovation geared towards meeting the investment needs of the community. As a startup project, VC Spectra (SPCT) is committed to amassing substantial gains to investors. Other than that, VC Spectra offers many benefits to SPCT holders.
These benefits include eligibility for quarterly dividends, access to a buyback program and new ICOs, and the ability to vote within the protocol. Also, the VC Spectra network will enable users to enjoy decentralized trading, asset management, and payment of transaction fees. In addition, VC Spectra has unlocked an incentive plan involving 50% cashback on all deposits.
SPCT is the native token of VC Spectra operating on the Bitcoin BRC-20 mainnet. By effect, it features a deflationary mechanism that ensures a future circulation reduction.
To date, SPCT has soared to the $0.033 price level in the third stage of its public presale. However, SPCT has a price projection of $0.080 at the end of the presale cycle, indicating a 142.42% growth from the current rate. So, while Stage 1 investors have gained immensely, pocketing 312.5% gains, it’s still not too late to hop on the wagon!
Learn more about the VC Spectra presale here:
Presale | Website | Telegram | Twitter
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