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Bitcoin ETF Approval: These Cryptos Are About to Soar
In light of Grayscale's victory against the SEC on August 29, the Bitcoin ETF has been approved. Now, Fidelity, Nasdaq, and Franklin Templeton have applied for Bitcoin Spot ETFs. Even though the SEC is delaying approval, the cryptocurrency market expects a massive rally once approval is granted.
Let's examine why crypto analysts believe Avalanche (AVAX), Cosmos (ATOM), and VC Spectra (SPCT) will surge in the near future in light of these developments.
Avalanche (AVAX) Prepares For Bull Run With Recent Advances
The Avalanche AVAX price increased to $11.01 on August 29 following the announcement of Grayscale's victory. The price of Avalanche AVAX and the entire cryptocurrency market shortly experienced a price correction.
The Avalanche AVAX price decreased by 15.3% from August 29 to September 13, trading at $9.32 per share. This is because the approval of FTX's liquidation has caused the market to decline further.
Avalanche (AVAX) has continued to develop and expand its ecosystem despite the bearish trend. Ava Labs, the company behind Avalanche (AVAX), launched AvaCloud, a no-code blockchain constructor, on September 6. This was followed by the September 12 introduction of Multiswap on Avalanche (AVAX), a decentralised multi-asset exchange.
Experts believe that Avalanche (AVAX) will soar once the Bitcoin ETF is approved in the future months, in light of recent events.
The team behind the Cosmos cryptocurrency is diligently pursuing ecosystem expansion. After Grascale's victory on August 29th, however, the Cosmos ATOM price only experienced a relief increase.
From $7.13 on August 29 to $7.45 on August 30, the Cosmos ATOM pricing increased 4.4%. However, the relief rally was short-lived, and the price of Cosmos (ATOM) has been falling ever since.
On September 4, the developer of PUBG announced the launch of Settlus, a Cosmos (ATOM) chain. On September 12, Cosmos (ATOM) announced the Interchain Stack Roadmap, which includes CometBFT, Cosmos SDK, CosmWasm, and IBC.
Despite this, the market conditions have led the Cosmos ATOM price to decline by 12.2% from August 30. On September 13, Cosmos (ATOM) will cost $6.54.
Despite this, the crypto market is expected to surge in the near future. Expert analysts believe Cosmos (ATOM) is poised to rise alongside Avalanche (AVAX) and VC Spectra (SPCT) at this time.
VC Spectra's Innovations Drive Triple-Digit Profits in Space
The issues of no regulations, user protection, lack of transparency, and unethical practises plague the crypto markets. The VC Spectra (SPCT) hedge fund has been created to address these concerns. The cutting-edge platform is constructed on the Bitcoin network and employs smart contracts to execute its trades and investments.
SolidAudits audits the smart contracts to determine their dependability and security. Moreover, they have entire control over the user's funds. The user can invest in the finest ICO and DeFi companies, as well as any of VC Spectra's (SPCT) managed funds.
SPCT is the governance token of the VC Spectra platform. The token is being sold in phases during a public presale. Currently, SPCT is in Stage 3 of its presale and costs $0.033 per token.
To date, the VC Spectra token has provided Stage 1 and Stage 2 investors with returns of 212.5% and 127.27%, respectively. In addition, current investors will earn 220% profits when the presale ends and SPCT reaches its objective of $0.08 per token. These meteoric gains in a bear market have prompted traders to declare VC Spectra (SPCT) the finest cryptocurrency to invest in.
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