There has been a surge in whale transactions in the Shiba Inu (SHIB) network, which has supported prices. Additionally, Bitcoin (BTC) is rallying after BlackRock ETF was temporarily listed at the Depository Trust and Clearing Corp (DTCC). Meanwhile, VC Spectra (SPCT) has achieved key milestones in the ongoing presale.
- SHIB may reach $0.00006493 in 2024.
- Bitcoin (BTC) could surge to $42,473 by Nov. 2.
- VC Spectra is up 587.5% in the ongoing presale.
SHIB price prediction: whales drive SHIB bull run
As SHIB transaction volume rises, IntoTheBlock, an on-chain data provider, notes that there has been a 987% increase in whale activity. On Oct. 20, whales moved around $70 million worth of SHIB.
Following this news, SHIB prices rose from $0.000006844 to $0.000007021 in 24 hours. Over the next week, the price continued to rally, reaching $0.000008010, a 14.08% increase.
Analysts predict SHIB to continue rallying, buoyed primarily by rising whale activity and confidence in future prices.
SHIB price predictions suggest that the token could reach $0.00006493 next year, a 710% increase from spot rates.
Bitcoin ETF news sparks demand
On Oct. 23, 2023, an exchange-traded fund (ETF) for Bitcoin (BTC) applied by BlackRock was temporarily listed on the DTCC, a clearing house for stocks and ETFs operated by Nasdaq.
Following this, Bitcoin price surged, adding 14.05%, rising from $30,140.68 to $34,370.44 within 24 hours.
The positive momentum continued in the following days, with the coin rallying 2.27% to $35,150.43 before slightly retracing.
As of Oct. 26, the coin was changing hands at $34,800.
Despite this temporary decline, experts are bullish, predicting the coin to reach $42,473 by Nov. 2.
VC Spectra presale ongoing, investors exploring
The VC Spectra presale is ongoing, and several milestones have been achieved. The token is up 587.5% since launching its presale, capturing the attention of investors.
The platform provides investors with an opportunity to participate in various aspects of the crypto market.
SPCT holders can also avail themselves of exclusive access to startups at discounted rates before they become available to the public.
SPCT was listed at $0.008 in stage 1 before rallying to $0.055 in stage 4.
Analysts predict the token to reach $0.080 by the end of the presale. SPCT will later be listed on major exchanges, a move that will open up access and increase its visibility among investors.
Learn more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
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