During a persistent bear market, both Ethereum (ETH) and Cosmos (ATOM) have experienced declines over the past month. Ethereum (ETH) faced competition from Cardano (ADA) in NFT floor prices, challenging its leadership. Meanwhile, Cosmos (ATOM) has seen a downturn since introducing penalties for Neutron halt validators. In contrast, VC Spectra (SPCT) continues to shine with substantial investor gains.
But the question remains: How does VC Spectra (SPCT) outperform competitors during these challenging market conditions?
Cardano Surpasses Ethereum (ETH) in NFT Floor Price Battle
As the bear market continues to undermine the prices of many tokens, Ethereum (ETH) has dropped by 7.70% from $1,790 on August 17 to $1,652 on August 28. The price drop raises concerns for Ethereum (ETH) as a market leader amid competition from platforms like Cardano (ADA).
Cardano’s NFT floor price index soared 22% higher than that of Ethereum (ETH) on Stocktwits NFT in the past seven days. This shift indicates Cardano’s (ADA) potential as a rising NFT trading platform, challenging the historical dominance of Ethereum (ETH).
The Ethereum (ETH) price drop can also be attributed to suspicions of futures market liquidation. The price of Ethereum (ETH) recently plunged after weeks of consolidation, often tied to futures market liquidations. The Ethereum (ETH) price dip coincided with a notable reduction in Open Interest, suggesting a significant liquidation wave.
Cosmos (ATOM) Faces Slide After Neutron Validator Penalties
Experiencing a 10.24% decline, Cosmos (ATOM) has seen its price drop from $8.10 on August 17, 2023, to $7.27 on August 28. While this dip aligns with the broader bearish trend in the crypto market, it also reflects a continuation of Cosmos’ (ATOM) extended downward movement.
The price of Cosmos (ATOM) has dropped by 18.68% since August 1 from $8.94 to $7.27. Neutron, a blockchain designed for smart contracts in the Cosmos (ATOM) ecosystem, faced an unexpected halt on August 1.
The Cosmos (ATOM) leadership is currently deliberating on the next steps, pushing their initial proposal to slash Replicated Security validators. However, this development has not positively impacted Cosmos (ATOM), as the effects are expected to continue in the coming weeks.
VC Spectra (SPCT): Profit Haven Amidst Market Challenges
As Ethereum (ETH) and Cosmos (ATOM) experience declines, VC Spectra (SPCT) emerges as an investor favorite, delivering profits.
VC Spectra (SPCT), known for its innovation, offers investment management services using AI and expert analysis, seeking investment opportunities with high profit potential and minimum risk.
The heart of its innovation is the VC Spectra (SPCT) token, a BRC-20 standard token on the Bitcoin blockchain. Employing a deflationary model, VC Spectra (SPCT) provides dividends, buybacks, and access to exclusive pre-ICOs.
After a successful private seed sale raising $2.4 million, VC Spectra (SPCT) enters Stage 3 of its public presale, surging 212.5% from its Stage 1 price of $0.008 to the current $0.025.
New Stage 3 VC Spectra (SPCT) investors anticipate a 32% profit in Stage 4, with the price reaching $0.033. In addition, the price of VC Spectra (SPCT) is projected to reach $0.08 by the public presale’s end, promising a 220% profit for token buyers.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund