Explore BTC’s resurgence and VC Spectra’s (SPCT) DeFi innovation. Witness Bitcoin Ordinals surpassing Ethereum in fees and the success of VC Spectra’s (SPCT) private seed sale. Buy SPCT tokens now for a stake in the future!
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Bitcoin (BTC) Ordinals Activity Rebounds, Surpassing Ethereum in Transaction Fees
In a recent turn of events, Bitcoin (BTC) Ordinals experienced a temporary decline in activity during October but swiftly bounced back, according to data from Dune Analytics. Since the protocol’s inception, over 48 million Ordinals assets have been inscribed, contributing to a substantial $146.9 million in fees paid to the Bitcoin (BTC) network, further boosting BTC price prediction.
A significant milestone was reached on November 20, as transaction fees on the Bitcoin (BTC) network surpassed those of Ethereum. This surge coincided with a rush to inscribe new Non-Fungible Tokens (NFTs) and BRC-20 tokens, showcasing a dynamic shift in user activity and preferences within the crypto space.
Moreover, on November 17, the Ordinals-based project Taproot Wizards made headlines by announcing a successful $7.5 million seed round. This development underscores growing investor confidence in projects built on the Bitcoin Ordinals protocol, further establishing Bitcoin Dominance in the crypto space
The resilience demonstrated by Bitcoin Ordinals, rebounding from a brief slowdown, coupled with its capacity to outpace Ethereum in transaction fees, highlights the protocol’s enduring appeal and utility.
As the crypto community continues to explore and embrace diverse blockchain ecosystems, Bitcoin (BTC) Ordinals remains a noteworthy player, attracting attention not only for its transactional efficiency but also for fostering successful projects like Taproot Wizards in the ever-expanding realm of decentralized technologies.
These activities and accomplishments has seen BTC price prediction rise from $34,345 on October 25 to $43,807 by December 5, 2023. Experts BTC price prediction reveals that BTC will hit $50,000 by December 17, 2023.
VC Spectra (SPCT)
VC Spectra (SPCT) emerges as one of the top DeFi projects in the decentralized hedge fund arena, providing users with more than just a token, a stake in the future of decentralized finance (DeFi).
Utilizing the Bitcoin (BTC) blockchain, the SPCT token, following the BRC-20 standard, serves various purposes such as exchange, decentralized trading, asset management, and covering transaction fees on the VC Spectra (SPCT) platform.
VC Spectra’s (SPCT) deflationary design, complemented by a burn mechanism, ensures a gradual reduction in token circulation, potentially enhancing its value over time.
The private seed sale of VC Spectra (SPCT) has achieved remarkable success, securing $2.4 million. Notably, the token’s price has surged by an impressive 862.5%, progressing from $0.008 in Stage 1 to $0.077 in Stage 5. Beyond being a mere statistic, this surge reflects the increasing trust and interest of investors in the tangible utility and advantages offered by VC Spectra (SPCT).
The initial outlook for VC Spectra (SPCT) is exceedingly optimistic, further positioning it as one of the top crypto to invest in. Anticipating a 900% surge from its initial value, the price is projected to reach $0.080 by the conclusion of the public presale. This optimistic forecast is rooted in the platform’s innovative approach to DeFi, presenting users with dividends, buybacks, and access to new ICOs, positioning it as a compelling investment opportunity.
To find out more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
The post Weekly Update: Bitcoin (BTC) Rises, New Altcoin Poised for Explosive Growth Draws Major Investors appeared first on Analytics Insight.
Source: https://www.analyticsinsight.net/weekly-update-bitcoin-btc-rises-new-altcoin-poised-for-explosive-growth-draws-major-investors/