The latest boost in Bitcoin (BTC) has reverberated across top altcoins like Binance Coin (BNB) and Bitcoin Cash (BCH). Meanwhile, investors have eyed VC Spectra (SPCT), a revolutionary decentralized hedge fund, as the best new crypto to invest in for 2023.
Learn in a moment why experts advise you to put your money in VC Spectra. Let's start with the recent progress for the Binance Coin and BNB price prediction estimates.
Summary
- Binance initiates the 25th burn procedure for the Binance Coin. Analysts expect BNB to be worth at least $230 by 2024.
- VC Spectra provides a decentralized hedge fund for high-return alternative investments. Its native token, SPCT, is set to reach $0.080 in 2023.
- Bitcoin Cash rises amid growing interest in Bitcoin ETFs. BCH may be worth a minimum of $300 by 2024.
Binance Burns 2.13 Million BNB Tokens - What’s Next?
Despite Binance's ongoing legal problems, BNB (BNB) remains high in the list of top 10 altcoins. One strategy the exchange has used to boost the BNB coin price is 'burning' by periodically removing a portion of tokens from the market. This is crucial for Binance Coin (BNB), given that it's inflationary.
Binance initiated the 25th Binance Coin (BNB) Auto-Burn on October 16, 2023, burning 2.13 million tokens, equaling over $450 million. This event resulted in the intended boost for the BNB coin price. BNB (BNB) is up 8% since October 10, 2023, from $202 to $219.
Still, BNB is barely out of the woods as it remains near its yearly low of $202. Regardless of this short-term dip, BNB coin price forecasts indicate conservative minimum values of $230 and $300 for 2024 and 2025, respectively.
High Returns In Alternative Markets With VC Spectra (SPCT)
VC Spectra appeals to any investor seeking high returns in alternative markets. It's a decentralized asset management and trading platform targeting emerging blockchain and tech companies.
The platform runs with smart contracts, ensuring key functions like storing funds and allocating profits happen autonomously. This means users have custody over their assets and eliminates the unnecessary costs of intermediaries. It's how no minimum deposits apply on VC Spectra (SPCT), equaling greater flexibility in one's financial involvement.
VC Spectra (SPCT) comprises a highly skilled team of experts in different fields with the precision to choose high-profile projects. Furthermore, the platform shall apply several advanced trading strategies to handle risks while maximizing gains.
VC Spectra's utility token, SPCT, is the icing on the cake. Like Binance Coin (BNB), it has a burn mechanism. Yet, it differs from the former since SPCT has a fixed supply of 2 billion.
Most importantly, SPCT offers perks like access to exclusive discounted pre-ICOs, voting rights, and quarterly dividends. You can acquire SPCT for $0.055 in Stage 4 of VC Spectra's presale, set to climb by 45% to $0.080 in Stage 6, the final phase.
Finally, let's consider the trending Bitcoin Cash news and forecasts for the BCH token. Can it match BNB and SPCT?
Spot Bitcoin ETF Excitement Boosts Bitcoin Cash (BCH)
The week began with a sudden boost to the Bitcoin Cash price on October 16, 2023, due to a false story from Cointelegraph about the approval of BlackRock's iShares Bitcoin ETF (exchange-traded fund). Regardless, the Bitcoin Cash price is close to breaking its monthly high of $256, with BCH currently at $246.
While the Securities and Exchange Commission (SEC) has yet to greenlight an ETF, excitement persists, coinciding with the rise in Bitcoin Cash (BCH). Companies like Fidelity and ARK Invest have amended their ETF filings. Moreover, even Google Search suggests searches for 'spot Bitcoin ETF' are high, another bullish contributor to the Bitcoin Cash price.
Bitcoin Cash (BCH) is up 19% since October 10, 2023, from $206 to $246. Given the buzz around ETFs, further jumps may occur for Bitcoin Cash (BCH) leading into 2024. Based on forecasts, Bitcoin Cash (BCH) could reach a minimum of $300 by next year and $450 by 2025.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
