When Will Polygon Recover? Polygon (MATIC) vs Bitcoin Cash (BCH) vs VC Spectra (SPCT)

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August 2023 crypto market crash despite its progress in web3 gaming. Similarly, Bitcoin Cash (BCH) fell after a major stablecoin delisted its Simple Ledger Protocol. Analysts say the best crypto investment in Q3 2023 is VC Spectra (SPCT).

This token is currently in its third presale stage, and the platform raised $2.4 million in private seed sale. Keep reading to see why investors are interested in VC Spectra (SPCT). >>BUY SPCT TOKENS NOW<< Dune Analytics recently revealed that Polygon (MATIC) recorded increased transaction activity in Q2 2023.

According to DappRadar (a Dapps tracking platform), most of these Polygon (MATIC) ecosystem transactions are associated with gaming Dapps. In addition, three of the top five Dapps on Polygon (MATIC) are gaming giants, including Pandra War, Planet IX, and Sunflower Land. Polygon (MATIC) partnered with SK Telecom (the largest telecom company in South Korea) to help build and promote a web3 ecosystem.

Despite these wins, Polygon (MATIC) dropped in double digits over the past two weeks. On August 16, Polygon (MATIC) traded at $0.6232. Polygon (MATIC) is currently trading at $0.5604 on August 28.

Yet, due to its positive ecosystem developments, analysts predict a Polygon (MATIC) surge during the next bull cycle. On August 17, 2023, Tether (the biggest stablecoin according to market cap) officially ended support for the Simple Ledger Protocol of Bitcoin Cash (BCH SLP). Tether said they discontinued Bitcoin Cash (BCH) SLP as part of a strategic transition designed to foster innovation and meet community demand.