Investors analyze Ethereum Classic, VC Spectra, and Uniswap as Bitcoin slows down

As Bitcoin (BTC) continues its descent, trading below the $27,000 mark, investors are exploring alternatives like Ethereum Classic (ETC), VC Spectra (SPCT), and Uniswap (UNI). While ETC and UNI remain under pressure, SPCT is attracting more investment in the ongoing presale.

Summary

• Experts predict ETC will reach $22.75 by December 2023.
• SPCT available for $0.044 in stage 3 of presale.
• UNI may retest $7.70 by the end of 2023.

Ethereum Classic falls despite potential SEC nod for Bitcoin ETFs

At CCData’s Digital Asset Summit on Oct. 3, 2023, the CEO of Jacobi Asset Management, Martin Bednall, said the United States Securities and Exchange Commission (SEC) might approve all spot Bitcoin ETF applications. 

While this news was well-received by some, including the Ethereum Classic community, ETC prices unexpectedly fell. On Oct. 12, ETC dropped from $16.53 to $14.85, a 10.16% decline. 

Currently, ETC is testing the trend line, and technical analysis suggests that the coin might recover if support is maintained at $14.75. If this happens, bulls might push prices to $17 and later towards the 200-day EMA should the uptrend be sustained.

Some market experts predict ETC to reach $22.75 by December 2023. However, it’s important to remember that this is just a prediction, not a guarantee.

Investors analyzing VC Spectra

As a decentralized investment management firm, VC Spectra utilizes smart contracts to provide trustless service and automate.

It is possible to start investing in VC Spectra with only a minimum deposit, making it accessible to crypto beginners. 

VC Spectra utilizes arithmetic and systematic trading strategies to safeguard investments. Holding SPCT comes with certain privileges such as voting rights, access to discounted new presale, quarterly dividends, and buybacks. 

Early SPCT investors are in profits. Currently, in stage 3 of the presale, SPCT is available for $0.044, but experts predict the token will reach $0.080 by the end of the presale.

Parsec raises $4 million from investors, including Uniswap and Galaxy Digital

Parsec, a defi company, recently raised $4 million from investors such as Galaxy Digital, Uniswap, Robot Ventures, and others. 

Despite UNI’s growth potential, the token is down 3.90% in the past week, trading at $4.12 as of Oct. 12. The RSI momentum indicator is overbought. 

While UNI is volatile, some experts speculate that the token might reach $7.70 by the end 2023 if market conditions improve.

Learn more about the VC Spectra presale:

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

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund