In the days leading up to August 28, 2023, Ethereum (ETH) exhibited a bearish trend as it declined substantially. Cosmos (ATOM) followed suit by regressing significantly during the same time. On the other hand, VC Spectra (SPCT) emerged as a promising option for substantial gains as it raised $2.4 million in its private sale.
But before we delve deeper into VC Spectra (SPCT) and Cosmos (ATOM), let’s take a closer look at Ethereum (ETH).
Ethereum (ETH): Will It Initiate A Bull Run?
On August 22, 2023, Ethereum’s (ETH) co-founder Vitalik Buterin transferred 600 ETH to Coinbase, valued at around $1 million. Experts speculated that this news would adversely affect Ethereum’s (ETH) price by increasing the selling pressure.
It turns out that the experts were right. Following this news, Ethereum’s (ETH) price took a hit, falling by 1.4% from $1,662 to $1,638 between August 22 and 23. This negative price movement was accompanied by a similar 1.6% drop in market cap from $200 billion to $196.9 billion during the same time.
But, Ethereum (ETH) still aimed for a potential recovery, as indicated by the following metrics. As of August 23, Ethereum’s (ETH) MACD and Momentum 10 levels gave a buy signal. With these positive indicators, Ethereum (ETH) is yet to initiate a bull run. This has partially been realized, with Ethereum (ETH) slightly increasing to $1,649 by August 28.
However, until the recovery starts, VC Spectra (SPCT) remains a promising investment option.
VC Spectra (SPCT) Captures Investors’ Attention by Growing Exponentially
VC Spectra (SPCT) is a decentralized hedge fund bridging the gap between fintech and blockchain. The platform leverages clever trading strategies and artificial intelligence to identify lucrative investment prospects. These tools help users who invest in VC Spectra (SPCT) benefit from maximum returns while bearing minimum risks.
Moreover, VC Spectra (SPCT) offers investors multiple opportunities to profit through dividends and price appreciation. VC Spectra (SPCT) believes in incentivizing its investors. Therefore, VC Spectra (SPCT) has allocated a substantial 40% of its investment gains for monthly and quarterly dividends.
As for price appreciation, VC Spectra (SPCT) has grown considerably through its presale stages. By August 23, the platform had progressed to Stage 3 of its presale. Those who choose to invest in VC Spectra (SPCT) now stand to gain from a 32% surge from $0.025 to $0.033 as the coin progresses to Stage 4.
If you want to capitalize on these significant gains, head over to VC Spectra (SPCT) now to benefit from their limited-time offer of a 25% bonus on all deposits.
And now that we have covered VC Spectra (SPCT) let’s see if Cosmos (ATOM) poses any competition.
Cosmos (ATOM) Struggles Amidst Market Volatility
On August 11, 2023, Cosmos (ATOM) revealed that its Cosmos Hub would undergo a v11 upgrade to bring various improvements to the network.
Experts predicted that this move would benefit Cosmos’ (ATOM) price in the long run by increasing investors’ interest and the coin’s utility. Moreover, as of August 23, Cosmos’ (ATOM) Momentum 10 levels signaled a potential bullish movement.
However, despite these positive predictions, Cosmos (ATOM) did not realize the expected growth. Between August 11 and 23, Cosmos’ (ATOM) price took a hit, falling by 12.4% from $8.44 to $7.39. This downtrend was accompanied by a similar 10.3% drop in market cap from $2.9 billion to $2.6 billion during the same time. Experts may attribute this recent downtrend to surging volatility and fading investors’ interest.
Furthermore, as of August 23, Cosmos’ (ATOM) MACD and EMA 10 levels signaled an ongoing bearish movement that will likely persist. Analysts saw this as an indication that the bears may have seized control.
And they were partially right, as Cosmos (ATOM) dropped further, reaching $7.22 by August 28. However, ATOM turned the tables on August 27, beginning an upward momentum, meaning not all hope is lost for its potential. Comos (ATOM) surged by 0.75% within 24 hours, with more gains to come in September, now say experts.
Find out more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login