When Will Polygon Recover? Polygon (MATIC) vs Bitcoin Cash (BCH) vs VC Spectra (SPCT)
Polygon (MATIC) fell in the recent August 2023 crypto market crash despite its progress in web3 gaming. Similarly, Bitcoin Cash (BCH) fell after a major stablecoin delisted its Simple Ledger Protocol. Analysts say the best crypto investment in Q3 2023 is VC Spectra (SPCT). This token is currently in its third presale stage, and the platform raised $2.4 million in private seed sale. Keep reading to see why investors are interested in VC Spectra (SPCT).
Polygon (MATIC) Falls Amid Ecosystem Developments
Dune Analytics recently revealed that Polygon (MATIC) recorded increased transaction activity in Q2 2023. According to DappRadar (a Dapps tracking platform), most of these Polygon (MATIC) ecosystem transactions are associated with gaming Dapps. In addition, three of the top five Dapps on Polygon (MATIC) are gaming giants, including Pandra War, Planet IX, and Sunflower Land.
Polygon (MATIC) partnered with SK Telecom (the largest telecom company in South Korea) to help build and promote a web3 ecosystem. Despite these wins, Polygon (MATIC) dropped in double digits over the past two weeks. On August 16, Polygon (MATIC) traded at $0.6232. Polygon (MATIC) is currently trading at $0.5604 on August 28.
Yet, due to its positive ecosystem developments, analysts predict a Polygon (MATIC) surge during the next bull cycle.
Industry Trust for Bitcoin Cash (BCH) Fades
On August 17, 2023, Tether (the biggest stablecoin according to market cap) officially ended support for the Simple Ledger Protocol of Bitcoin Cash (BCH SLP). Tether said they discontinued Bitcoin Cash (BCH) SLP as part of a strategic transition designed to foster innovation and meet community demand. The Tether transparency page reports also revealed $986,000 in Bitcoin Cash (BCH) SLP before the delisting.
As a result of this Tether delisting and the prevailing bearish sentiment in the crypto market, Bitcoin Cash (BCH) lost 14.05% in the third week of August. On August 16, Bitcoin Cash (BCH) traded at $220. Bitcoin Cash (BCH) was trading at $189 on August 23, retaining the same price on August 28.
According to analysts, Bitcoin Cash (BCH) follows Bitcoin’s price movement. Basically, Bitcoin Cash (BCH) is a hard fork of Bitcoin and it will surge when BTC does.
VC Spectra (SPCT) Aims to Decentralize Blockchain Investment
VC Spectra (SPCT) is an innovative decentralized hedge fund created to drive development in the blockchain and fintech industries through strategic investments in high-potential Web3 projects. As a VC Spectra (SPCT) holder, you get quarterly rewards and share in profits from buybacks of profitable blockchain ventures. You also get access to exclusive pre-ICOs and high-potential crypto companies in their early stages.
Additionally, VC Spectra (SPCT) holders get access to flexible and customizable trading tools. VC Spectra (SPCT) is currently in its third presale stage, and the token is selling for $0.025. Furthermore, VC Spectra (SPCT) will surge 32% in its fourth presale stage and sell for $0.033. After the presale stages, VC Spectra (SPCT) will hit the mainstream crypto market, sell for $0.08, and deliver a massive ROI to early VC Spectra (SPCT) investors!
Learn more about the VC Spectra (SPCT) presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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Updated: 31 Aug 2023, 11:54 AM IST