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BlackRock plots Ethereum ETF. VC Spectra (SPCT) is moving towards a 900% surge. Hedera (HBAR) solidifies an existing partnership.
How has the ETF news impacted the Ethereum Classic price? How will VC Spectra (SPCT) attain the 900% price gain? Besides, who has Hedera (HBAR) partnered with? Stay tuned for detailed insights.
We will also learn why experts say these three are the altcoins to watch as 2024 begins.
Summary
– Ethereum Classic (ETC) could reach at least $30 this year.
– The Hedera price might hit a minimum peak of $0.15 in 2024.
– VC Spectra (SPCT) offers investment opportunities and price gains.
Ethereum Classic Prediction: BlackRock Plans Ether ETF
On November 9, 2023, crypto news outlets reported that top asset management firm BlackRock had begun a process that will ultimately lead to an application for a spot Ethereum exchange-traded fund (ETF).
According to the reports, BlackRock had registered the iShares Ethereum Trust in Delaware. It was the same step the asset management giant took before it applied to the SEC for a spot Bitcoin ETF.
However, how does this concern Ethereum Classic (ETC)? Ethereum Classic (ETC) is an Ethereum (ETH) fork that retains close ties to its parent cryptocurrency. These ties mean that Ethereum Classic price mirrors that of Ethereum to a large extent.
So, since an Ethereum ETF is considered bullish for the largest altcoin, it will also be bullish for Ethereum Classic (ETC). Since the news broke, Ethereum Classic price has gained 13.7%, increasing from $18.14 to $20.63. It’s now worth $20.20.
Also, analysts predict that Ethereum Classic (ETC) could surge to at least $30 this year if BlackRock’s imminent Ethereum ETF application is approved. That’s why Ethereum Classic (ETC) is on this list.
HBAR Price Prediction: Hedera And Archax Collaborate To Improve Staking And Tokenization
On December 14, 2023, institutional digital asset exchange and broker Archax and the HBAR Foundation announced a partnership to enhance staking support and other tokenization efforts.
This collaboration comes after Archax listed Hedera (HBAR) on its spot crypto market. The new program will ensure institutional investors can earn from staking Hedera (HBAR). It will also include the integration of the Hedera Token Service (HTS) into Archax’s products and services.
The alliance positions the Hedera Network at the forefront of institutional-grade tokenization. It will also improve Archax’s institutional-grade services to professional and institutional investors. News of the collaboration boosted the Hedera price from $0.077 to $0.081, a 5.2% increase. It’s now worth $0.077.
Analysts explain this is in anticipation of the institutional-level funds that might start flowing into the Hedera network because of this partnership. With time, Hedera’s (HBAR) TVL will increase, driving the Hedera price up. This is why analysts say Hedera (HBAR) can reach a minimum 2024 peak of $0.15.
VC Spectra (SPCT) Chasing Impressive 900% Surge
VC Spectra is on this list because of its potential for a significant surge as 2023 draws to a close. The protocol has already shown that it is capable of spectacular surges with its performance in its ongoing public presale.
Since the public presale began, VC Spectra (SPCT) has gained a whopping 862.5%, increasing from $0.008 in the first stage to $0.077 in the fifth stage. The token is expected to surge to at least 900% by the time the presale ends, which means more surges are ahead.
This is why experts advise that SPCT is a viable investment during the dying embers of 2023.
However, price gains are a small part of VC Spectra’s appeal. VC Spectra is the best investment platform in the blockchain space. It makes it possible for investors, regardless of their financial experience and expertise, to earn profits from investing in early-stage blockchain startups and promising crypto projects.
SPCT researches and analyzes investment opportunities in blockchain and makes the best available to interested investors. Users can also trade specific sectors and strategies in the crypto market.
These opportunities and future surges can be enjoyed by purchasing SPCT. The token currently sells for $0.077. Other benefits of owning SPCT are quarterly dividends and buybacks, voting rights, and access to exclusive new ICOs.
All the above make VC Spectra (SPCT) the best new crypto to invest in.
Learn more about the VC Spectra presale here:
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
