Several digital assets started the month of August 2023 with price declines. Bitcoin (BTC) experienced a 1.61% decrease, while Dogecoin (DOGE) declined by 3%, despite initially gaining momentum due to Elon Musk’s expressed interest.
Meanwhile, VC Spectra (SPCT) is grabbing the attention of the cryptocurrency community while Bitcoin (BTC) and Dogecoin (DOGE) struggle with their losses. With over $2.4 million raised in the private/seed sale and the extraordinary performance of SPCT tokens in public presales, VC Spectra (SPCT) is redefining profit margins.
Bitcoin’s (BTC) Attempt to break through the $30,000 Level Fails
Bitcoin (BTC) is experiencing significant uncertainty, leading traders to seek alternative investment options that offer substantial profits, such as VC Spectra (SPCT).
Moreover, Bitcoin’s (BTC) current price is at a crucial point, as bearish sentiment is increasing. On August 3, 20923, Bitcoin (BTC) was trading at $29,000, reflecting a 24-hour 1.90% decrease, a 1.8% 7-day decline, and a 30-day7.5% drop. Bitcoin’s (BTC) trading volume decreased by 20.93% within 24 hours.
According to experts, a failure to surpass the $29,450 resistance level could initiate a new Bitcoin (BTC) downward trend. The immediate BTC support level for the downside movement is $29,100, which aligns with the trend line.
Analysts anticipate that Bitcoin (BTC) will reach $40,000 by the end of 2023, coinciding with the impending halving event.
Dogecoin’s (DOGE) Price Dips even after the Much-Hyped Elon Musk’s Tweet
On July 25, 2023, Dogecoin’s (DOGE) price experienced a 9% increase within 24 hours, a 20% rise over 7 days. The surge can be attributed to a promotional tweet by Elon Musk, in which he showcased the new logo of the Dogecoin (DOGE) website.
Regrettably, Dogecoin (DOGE) is again exhibiting indications of economic decline. On August 3, 2023, Dogecoin’s (DOGE) price experienced a 3.28% decrease within 24 hours, resulting in a value of $0.074. Additionally, it has a 7% 7-day decline.
The Dogecoin community perceived Musk’s rebranding as a preliminary step towards integrating Dogecoin (DOGE) into the Twitter ecosystem. Consequently, the mounting pressure on DOGE led to a price decline.
In addition to the declining prices, the Dogecoin community faces additional concerns. On August 2, 2023, Mishaboar, a prominent DOGE developer, warned about the increasing number of individuals impersonating the DOGE platform.
Despite the turmoil, analysts predict that Dogecoin (DOGE) will regain bullish momentum once the current situation stabilizes. The projected value by the end of the year is $1.11
VC Spectra (SPCT) Performs Exemplary Well Amidst the Current Bear Market
VC Spectra (SPCT) is a decentralized hedge fund that focuses on identifying promising projects within the blockchain and fintech sectors. The platform utilizes advanced strategies and AI algorithms to identify the most promising ICOs and private sales for investors.
VC Spectra’s native token SPCT utilizes the BRC-20 protocol to facilitate asset management, exchange services, and decentralized trading. Furthermore, VC Spectra (SPCT) token holders also receive pre-ICO discounts, exclusive access to promising Web3 projects, and voting rights.
VC Spectra (SPCT) is in Stage 2 of its public presale, with the token trading at $0.011. The price has grown by an impressive 37.5% from its initial value of $0.008. The transition to Stage 2 follows a $2.4 million seed investment round and the completion of Stage 1 of the public presale.
During Stage 3 of VC Spectra’s (SPCT) public presale, SPCT will be available for purchase at $0.025, reflecting a significant increase of 127.27%. Furthermore, at the end of VC Spectra’s (SPCT) public presale, the price will rise to $0.08, indicating a remarkable 627% increase.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Twitter: https://twitter.com/spectravcfund
Telegram: https://t.me/VCSpectra
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