Litecoin (LTC) and Stacks (STX) are considerably old players in the world of crypto with solid user bases. However, newer platforms like Stacks (SPCT) may just steal away some investors.
Currently, in the first phase of its presale, Spectra (SPCT) is gaining traction swiftly. Let’s discuss the new currency alongside Litecoin (LTC) and Stacks (STX).
Based on the Bitcoin (BTC) protocol, Litecoin (LTC) aimed to solve BTC’s issues, like high transaction fees, block time, etc., while supplementing the BTC economy. Litecoin (LTC) is designed to enable affordable peer-to-peer value exchange.
Litecoin (LTC) was among the first cryptocurrencies in the market, making it among the most widely accepted ones around the globe.
Most recently, there has been some excitement about Litecoin (LTC)’s upcoming halving.
The reward for mining Litecoin (LTC) tokens halves every 4 years, and August 2023 marks the third halving phase. This time, the renowned analyst Michaël van de Poppe believes that Litecoin (LTC)’s halving will cause a surge in price. According to him, if it crosses $100, it will increase to $160 – $180.
Litecoin (LTC)’s price at the beginning of 2023 was $70 and has shown an overall increase ever since. June 3rd saw Litecoin (LTC)’s price at $97.17, which is at $87.5 at the time of writing, indicating current bearish dominance.
Other than the halving, there isn’t much going on with Litecoin (LTC), making it mainly suitable as a long-term store of value for investors.
Stacks (STX) is a layer-1 protocol on BTC, enabling smart contracts and DApps to use BTC as an asset and to settle transactions. Its proof-of-transfer Consensus and Clarity language allow it to read from BTC at any time, and Stacks (STX) transactions are secured by Bitcoin hashpower.
Stacks (STX) has been demonstrating incredible resilience. Earlier this week, SEC’s lawsuit on Binance and Coinbase caused the crypto market to fall and then rebound, and Stacks (STX) rebounded significantly. The Stacks (STX) coin fell to this quarter’s lowest value at $0.544 on June 6th and had increased to $0.6716 by June 8th.
Stacks (STX) was the first SEC-approved token in the US, which can be the primary reason behind its resistance to the week’s declining markets.
Stacks (STX)’s price is always affected positively by the excitement surrounding the BTC market, so new projects like Ordinals and BRC-20 are seeing good activity revolving around the coin.
However, critics argue that the Stacks (STX) platform in itself offers little to excite developers or investors.
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Spectra (SPCT) is a decentralized and trustless investment management platform. With a protocol built on the Ethereum blockchain, Spectra (SPCT) promises to offer unparalleled accessibility, control, and flexibility to its investors to protect them against crypto’s inherent volatility.
Spectra (SPCT) plans to use multiple trading approaches, from algorithmic to systematic strategies, to ensure the platform is well-positioned to gain profits.
Spectra (SPCT) protects its investors against risks by ensuring a diversified portfolio and using hedging strategies and machine learning. Spectra (SPCT) also plans to conduct due diligence before investing and only invest in projects that are sustainable, transparent, and socially responsible.
Spectra (SPCT) token holders receive quarterly dividends, profit from buybacks, and get voting rights. Token holders also get access to exclusive pre-ICOs with high discounts before public availability. The Spectra (SPCT) token supply is capped at 1 billion, and none will be created after the initial sale, ensuring an increase in value over time.
The investor-centric approach that promises resistance against price volatility, enhanced control, and significant profits are attracting crypto enthusiasts towards Spectra (SPCT) this year.
Whereas older currencies like Litecoin (LTC) and Stacks (STX) bounce after setbacks, they seem stale in terms of advancements. In contrast, newer coins like Spectra (SPCT) promise innovation, flexibility, and profits, even in the uncertain dynamics of crypto markets.
Learn more about the VC Spectra presale here: