Avalanche (AVAX) failed to spark investors’ interest as it continued its bearish streak that began on July 25. Arbitrum (ARB) followed a similar pattern by exhibiting negative price movement following the hacking event on July 30. As both of these coins fade away from the spotlight, VC Spectra (SPCT) emerges as the new trailblazer.
VC Spectra (SPCT) soared to new heights by raising $2.4 million in its private sale. But before we talk more about Avalanche’s (AVAX) and Arbitrum’s (ARB) depreciation, let’s take a look at VC Spectra’s (SPCT) winning trajectory.
Avalanche (AVAX) Struggles to Gain Momentum
On August 8, 2023, Circle announced the launch of its programmable wallets on Polygon, Ethereum, and Avalanche (AVAX). This will enable companies to accept digital asset payments from their consumers.
This news should benefit Avalanche (AVAX) in the long run by increasing its utility and by drawing investors’ interest. Furthermore, as of August 13, Avalanche’s (AVAX) STOCH levels pointed towards the potential for a bullish movement.
However, despite the positive news, Avalanche’s (AVAX) price fell by a modest 0.5% from $12.43 to $12.37 between August 8 and August 13. This negative price action was accompanied by a substantial 2.5% decrease in market cap from $4.26 billion to $4.25 billion during the same time.
Moreover, as of August 13, Avalanche’s (AVAX) 61.8% Fibonacci levels signaled tremendous selling pressureand an ongoing bearish movement. Therefore, investors may want to avoid Avalanche (AVAX) until an uptrend is confirmed.
Let’s see if Arbitrum (ARB) shows signs of an uptrend to make up for these losses.
Arbitrum (ARB) Fails to Recover Following Hack
Between July 15 and July 24, Arbitrum (ARB) surged by a substantial 5.9% from $1.19 to $1.26, drawing investors’ curiosity.
However, on July 30, Curve Finance announced that an Arbitrum (ARB) pool was compromised in addition to several Ethereum pools during a security breach. This hack resulted in a loss of $62 million and a strong negative sentiment surrounding Arbitrum (ARB).
Following this news, Arbitrum’s (ARB) price took a hit, falling 1.4% from $1.180 to $1.164 between July 30 and August 13. This negative price movement was accompanied by a similar 1.3% drop in market cap during the same time.
Moreover, as of August 13, Arbitrum’s (ARB) MACD, STOCH, and CCI levels pointed towards an overwhelming bearish sentiment which will likely persist. Therefore, investors may want to avoid putting their money in Arbitrum (ARB) for now. Instead, they should opt for VC Spectra (SPCT), which has grown exponentially.
VC Spectra (SPCT) Shows Explosive Growth, Exceeding AVAX and ARB
VC Spectra (SPCT) is a decentralized asset management platform focusing on strategic investments and ICOs. The platform incentivizes its users by enabling them to benefit from monthly and quarterly dividends. Users who invest in VC Spectra (SPCT) stand to gain from its token appreciation and early access to exclusive ICOs.
VC Spectra’s (SPCT) token is a BRC-20 token that can be used to manage assets and carry out decentralized trading on the platform.
The platform aims to democratize access to blockchain and grant users maximum returns while bearing minimum risks. VC Spectra (SPCT) enables users to benefit from early investment opportunities in Web3 startups. The platform further aids users by structuring a portfolio model. Vc Spectra (SPCT) employs systematic and algorithmic trading strategies to analyze real-time market data and identify lucrative investment prospects.
As of August 13, VC Spectra (SPCT) is in Stage 2 of its presale. As the platform progresses to Stage 3 of its presale, investors will witness a 127% increase in price from $0.011 to $0.025. Furthermore, if you want to maximize your gains, navigate to VC Spectra (SPCT) to take advantage of its limited-time offer of a 25% bonus on all deposits.
Find out more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
