Ethereum (ETH) and Shiba Inu (SHIB) are experiencing slumps because of the activity of whales. Why is Vitalik Buterin moving so much Ether? And who transferred $36.7 million worth of SHIB? Meanwhile, VC Spectra (SPCT) keeps attracting investors’ attention. Let’s see why this is happening.
Ethereum Founder’s Massive ETH Transfer Is Confusing
On September 3, 2023, Spot On Chain reported that Vitalik Buterin, Ethereum’s co-founder, transferred 999 Ether worth approximately $1.66 million between two Ethereum (ETH) wallets linked to him.
Some community members believe the transaction is typical for a whale. Others think it might be a part of a coordinated investment strategy. However, the prevailing feeling is one of confusion and mystery.
Since the news broke, Ethereum (ETH) has fallen slightly by 0.2% from $1,637.04 to $1,633.46 as of September 5. As a result, the Ethereum price prediction for this week is $1,628. The token is expected to keep bouncing above its $1,600 support.
But how high can Ethereum go in 2023? According to analysts, the Ethereum price prediction for 2023 is $3,291.59. Experts say Ethereum (ETH) can reach this height if the Bitcoin and Ethereum ETF applications are approved by October.
Shiba Inu News: 4.63 Trillion SHIB Tokens Change Hands
On September 2, Whale Alert announced in an X post that 4.63 trillion Shiba Inu (SHIB) tokens worth $36.7 million were transferred from the Bitvavo exchange to an unidentified wallet. Further investigation revealed that it was a newly activated hot wallet belonging to the same exchange.
Since the news broke, Shiba Inu (SHIB) decreased by 3% from $0.00000789 to $0.00000765 as of September 5. Analysts are unsure how much of the Shiba Inu (SHIB) decrease is caused by the transfer, but they believe it has played a part in Shiba Inu’s (SHIB) slump.
The SHIB price prediction for this week is $0.00000719, as the uncertainty about the transfer keeps making Shiba Inu investors sell. In addition, analysts predict that Shiba Inu (SHIB) will keep falling next week. The SHIB price prediction for next week is $0.00000703.
However, analysts’ SHIB price prediction for 2023 is $0.00000960. They believe that Shibarium’s growth, in addition to the bull market after the anticipated approval of the ETF applications, will drive Shiba Inu’s (SHIB) price increase.
VC Spectra (SPCT) Is The Ultimate Investor’s Dream
VC Spectra (SPCT) is an investor’s dream because it gives investors early-stage access to invest in new DeFi projects. It is also attractive to investors because of the spectacular profits that investors make when they buy the SPCT token.
Another aspect that attracts investors is the perks of owning the VC Spectra (SPCT) token. VC Spectra (SPCT) token holders get quarterly dividends and voting rights. Token holders will also get rewards during the public presale.
VC Spectra’s (SPCT) public presale is at Stage 3, and the tokens sell for $0.025. Someone who purchases the VC Spectra (SPCT) token at this stage will gain 32% at Stage 4 and 220% at the end of the presale.
Stage 1 and 2 investors have gained 212.5% and 127.27%, respectively. They’ll also benefit from 900% and 627% surges, respectively, at the end of the presale. These massive profits are why VC Spectra (SPCT) has attracted investors and why they believe that the platform is the best new crypto to invest in.
To learn more about VC Spectra (SPCT), visit:
Buy Presale: https://invest.vcspectra.io/login
*This article was paid for Cryptonomist did not write the article or test the platform.