Bitcoin (BTC) decreases in value again as it experiences fundamental issues. Elsewhere, Near Protocol (NEAR) is gathering steam for a pump. Meanwhile, VC Spectra (SPCT) investors are also preparing for more price increases.
What are the factors responsible for Bitcoin’s dip? And what is driving Near Protocol and VC Spectra’s rise? Let’s find the answers, along with experts’ forecasts.
Liquidity Issues Hamstring Bitcoin’s (BTC) Recovery
Bitcoin (BTC) is back down to $26,290 after briefly rising above $27,000 in September 2023. The major factor hampering Bitcoin’s (BTC) price growth is the lack of liquidity.
According to blockchain intelligence platform CryptoQuant, Bitcoin BTC) market liquidity significantly decreased in 2023. Spot BTC has declined significantly and is currently down by 94%. Since liquidity in both spot and futures markets is critical for price rise, the sudden decrease in liquidity raises worries about the Bitcoin (BTC) market’s stability. As a result, this has affected the Bitcoin forecast for 2023.
According to analysts’ Bitcoin forecast earlier this year, BTC was expected to reach $37,299. However, many analysts have reviewed their Bitcoin forecast following recent developments. They now predict that BTC might just rise to $26,624 if the SEC approvals of the Bitcoin ETF applications have the desired effect.
Is Bitcoin a good investment in 2023? Analysts say not yet. Until the liquidity issues are overcome, Bitcoin (BTC) might not be the crypto to buy. So, let’s see if NEAR and SPCT offer better prospects.
Near Protocol (NEAR) Might Surge If…
Near Protocol (NEAR) is tipped to rise because of the strategic partnerships that the protocol has formed recently. One of Near Protocol’s new partnerships is with Binance. Because of this collaboration, Binance’s custody solution has added support for NEAR Protocol’s native NEP-141 NEAR token.
Moreover, Near Protocol (NEAR) has collaborated with MARBLEX. The company, which is concerned with building across chains, will provide MBX services to the NEAR Protocol ecosystem through its MARBLEX WARP Bridge. The services include MBX games, wallets, DEX, and NFT.
If these collaborations work out as planned, analysts say Near Protocol’s (NEAR) price might reach $1.99 by the end of 2023 and $3.04 in 2024. This represents 81% and 176% increases, respectively, from NEAR’s September price of $1.10. Based on this prediction, analysts say Near Protocol (NEAR) might be a good crypto to buy. Is it better than SPCT?
VC Spectra (SPCT) To Surge 900% In 2023
High demand during VC Spectra’s public presale is why the SPCT token is on the rise. At Stage 1 of the presale, the VC Spectra (SPCT) token cost $0.008. However, by the time the presale is over, the token will be worth 900% or 10x more at $0.080. More so, that isn’t all that VC Spectra (SPCT) is about. Instead, the platform is all about real-life utility.
VC Spectra (SPCT) is a decentralized investment and trading platform that provides the best investment experience. A core tenet of the platform’s offering is the democratization of blockchain investment.
Users can invest in promising blockchain ventures, invest in niche markets, participate in arbitrage trading, or just stake their funds. VC Spectra (SPCT) combines AI with tested trading strategies to ensure that you are investing in the right project or market. Emphasis is also placed on a sustainable investment approach to increase profit.
To enjoy these offerings, purchase SPCT during the presale for $0.033 at Stage 3. Someone who buys SPCT now will enjoy a 33.33% surge at Stage 4 and a 142.42% surge when the presale ends. Moreover, you can benefit from the active 50% deposit bonus.
The bottom line question is: What is the best cryptocurrency to invest in for the future? Analysts say it is VC Spectra (SPCT). And we are sure you have seen why.
To learn more about VC Spectra (SPCT), visit:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
