Bitcoin cash falls as Stellar remains firm, VC Spectra supporters bullish

The crypto market has been eventful lately. Bitcoin Cash (BCH) corrected deeper while Stellar (XLM) remains firm thanks to new partnerships. Meanwhile, VC Spectra (SPCT) aims to introduce new investment strategies. 

Let’s dive into the latest BCH, SPCT, and XLM updates.

Bitcoin Cash dropping as crypto declines

Bitcoin Cash (BCH) miners recently offloaded $263 million. Meanwhile, Large BCH investors also scaled back their trading activities. Between Aug. 22 and 29, BCH’s transaction volume dropped by 76%.

Moreover, on Sep. 11, BCH’s price dipped by 12.24%, shrinking from $207.86 to $182.41, influenced by increased market volatility and Bitcoin (BTC) prices crashing.

Given these developments, analysts predict that BCH might continue to fall in the coming weeks. 

However, some Bitcoin Cash price predictions predict prices to reach $1,250 as the network finds more adoption in the next few years. 

VC Spectra proposes new solutions

Analysts predict VC Spectra will find success in the industry. Considering the progress in stage 3 of the SPCT presale, there are indicators that the token might outperform BCH in the long haul.

VC Spectra is a decentralized hedge fund aiming to decentralize crypto and blockchain investment opportunities. SPCT holders receive dividends and buyback, early access to discounted seed sales or funding rounds, and voting rights for future investments and sales.

SPCT is currently available for $0.025 in stage 3 of the presale. With stage 4 approaching, investors anticipate a 32% price increase to $0.033. The protocol also offers a 10% bonus on any deposit.

Stellar strike key partnerships

On Aug. 12, Changera Fintech App integrated with Stellar and MoneyGram, enabling users to easily withdraw their USDC balance at supported MoneyGram locations. A day later, Stellar launched a funding campaign to boost the scalability of its Soroban smart contract platform.

Stellar has also partnered with Coinbase to facilitate seamless USDC deposits and withdrawals, improving access to stablecoins for institutional investors.

During this period, XLM rose 33% from $0.12 to $0.16 as trading volume soared 21.3%.

Although XLM dipped to $0.13 by Sep. 11, analysts expect more growth as new features are rolled out and partnerships struck. Their target is at $0.23 in the coming weeks.

Learn more about the VC Spectra presale here:

Presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund