A leaked document has spotlighted Microsoft’s attempt at incorporating crypto solutions into Xbox. As a result, experts believe this will be an upside-driving force for the prices of top crypto coins, including Bitcoin Cash (BCH), Litecoin (LTC), and VC Spectra (SPCT).
Let’s explore the impact of Microsoft’s possible crypto-Xbox integration on some of the best cryptocurrencies in the market.
- Microsoft to introduce crypto solutions to its gaming company, Xbox.
- Bitcoin Cash whales accumulated 120,000 BCH.
- Litecoin (LTC) records up to $100,000 in daily transactions on whales’ wallets.
- VC Spectra (SPCT) to bring 142% ROI by the end of 2023.
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Microsoft Contemplates Integrating Crypto Wallets Into Xbox
On September 19, a previously undisclosed proposal from May 2022 came to light, revealing Microsoft’s plans to introduce cryptocurrency solutions to its gaming powerhouse, Xbox. This revelation emerged after the Federal Trade Commission (FTC) filed a lawsuit against Microsoft following its acquisition of Activision Blizzard for $69 billion.
The document was inadvertently uploaded on the official website of the United States District Court of Northern California. It later appeared on Resetera, a forum for gamers. Seeing the attention the situation had garnered, the CEO of Xbox, Phil Spencer, immediately addressed the public, saying much has changed and there are more exciting projects to share with the public.
Meanwhile, noteworthy figures in the crypto space, such as the Co-founder of Gemini, Tyler Winklevoss, have weighed in on the matter. Tyler noted that the gaming industry is bigger than Hollywood and the music industry combined. Therefore, this development is gold dust for the crypto landscape.
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Whales Vigorously Accumulate Bitcoin Cash (BCH)
With the Microsoft situation still fresh in the public’s eye, market data have pointed out an increased accumulation of Bitcoin Cash (BCH) among deep-pocket investors. Santiment, an on-chain activity tracker, shared details of a Bitcoin Cash (BCH) stockpile in whales’ wallets.
According to Santiment’s data, whales warding between 100,000 and 1 million BCH held up to 3.74 million Bitcoin Cash tokens as of September 18. By September 26, the amount of Bitcoin Cash (BCH) in their holding had risen to 3.86 million. This figure indicates 120,000 Bitcoin Cash (BCH) added to their wallets.
The weekly charts show that the Bitcoin Cash price slumped slightly between September 18 and September 23, from $210 to $204, representing a 2.48% drop. However, September 24 saw the Bitcoin Cash price head upward. BCH jumped from $204 to the current price of $235.6, marking a 15.10% increase in the Bitcoin Cash price.
Based on this favorable outlook, analysts noted that BCH will continue upward if bulls can hold their ground at the $229 support zone, according to their Bitcoin Cash price prediction.
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LTC Whales Incite Increase Activity on The Litecoin Network
According to September’s on-chain report, whale activity on the Litecoin network has ramped up significantly. More precisely, whales conducted up to 1,008 Litecoin (LTC) transactions throughout September.
As further revealed in the data, this is the highest number of Litecoin (LTC) transactions since July 14. Based on the Adjusted Whale Transaction (AWT) metric, confirmed daily Litecoin (LTC) transactions reached $100,000, minus redactions.
After Litecoin miners shed their holding to 2 million LTC on September 11, the asset’s price fell below $58. However, On September 21, LTC gained 12% to $65 as miners started to buy Litecoin again. Litecoin (LTC) is trading at $63.84, down 1.78% from $65.
Experts believe LTC can trend higher in the coming month if whales and miners continue to buy Litecoin. Based on their Litecoin price prediction, LTC should attain $80 in the coming month. This move would require a 21.25% increase from the current price of Litecoin (LTC).
VC Spectra (SPCT): The Future of Blockchain Investment
VC Spectra (SPCT) is regarded as the future of blockchain investment due to its impressive infrastructure. This decentralized hedge fund is dedicated to creating a secure investment ecosystem for blockchain investors. VC Spectra also provides attractive investment opportunities and the chance to generate passive income.
Investors have the opportunity to earn passive income through VC Spectra’s quarterly dividends and can use the buyback program to grow their investment portfolio. Additionally, by holding SPCT, they gain access to new ICOs and the ability to wield voting influence. Also, each deposit on the VC Spectra website attracts a 50% bonus.
SPCT serves as VC Spectra’s standard token and operates on the Bitcoin BRC-20 mainnet. It incorporates a deflationary mechanism designed to support future token burning.
VC Spectra achieved a notable milestone by raising $2.4 million during its private seed sale. This success has carried over into the SPCT public presale, which has now entered its third stage, with SPCT tokens available at $0.033 each.
As VC Spectra advances to its fourth stage, the value of SPCT will rise to $0.044, reflecting a significant 33.33% increase. Transitioning to the final stage, where SPCT reaches a price of $0.080, investors can anticipate a substantial 142.42% growth in its value.
Learn more about the VC Spectra presale here: