Solana (SOL) exhibited a bearish trend between August 7 and August 22, 2023. Cardano (ADA) displayed a similar movement by depreciating over the last week. On the other hand, VC Spectra (SPCT) has emerged as the trailblazer, raising $2.4 million in its private sale.
But before we delve deeper into VC Spectra’s (SPCT) explosive surge, let’s take a closer look at Solana (SOL) and Cardano (ADA). Can bulls take over soon?
Solana (SOL) Fails to Recover Following A Security Breach
On August 7, 2023, Cypher Protocol announced that its platform was compromised and $1 million worth of assets were lost. Cypher Protocol is a decentralized futures exchange operating on the Solana (SOL) blockchain. So, analysts expected this news would adversely affect Solana’s (SOL) price in the long run by decreasing investors’ confidence and reducing the coin’s credibility.
And they were right. Following this news, Solana’s (SOL) price took a dive, falling by 8.8% from $23.05 to $21.02 between August 7 and August 22. This downtrend was accompanied by a similar 6.4% drop in market cap from $9.3 billion to $8.7 billion during the same time.
However, despite the negative news, Solana (SOL) showed some signs of recovery. As of August 22, Solana’s (SOL) CCI 20 levels were positive. Experts see this as an indication that Solana (SOL) might bounce back in the coming days.
Let’s see if Cardano (ADA) portrays a similar situation.
Cardano (ADA) Struggles Amidst Regulatory Crackdowns
On August 21, 2023, the FBI filed a document stating that they had seized nearly $1.7 million worth of cryptocurrency, including Cardano (ADA), between March and July this year. The document further cited that these assets were seized because they were violating federal law. Experts said this news would harm Cardano’s (ADA) reputation in the long run by tarnishing its image and decreasing investors’ confidence.
Following this news, Cardano’s (ADA) price took a hit, falling by 3% from $0.269 to $0.261 between August 21 and August 22. This negative price movement was accompanied by a similar 3.2% dip in market cap from $9.4 billion to $9.1 billion during the same time.
However, as of August 22, Cardano’s (ADA) HMA 9 levels indicated a potential bounce back. Therefore, experts say the coin might exhibit bullish movement in the coming days.
Besides Cardano’s (ADA) potential for bullish activity, VC Spectra (SPCT) also exhibits great potential to grow.
VC Spectra (SPCT) Stuns Investors by Showing Remarkable Growth
VC Spectra (SPCT) is a decentralized asset management platform focusing on early-stage investment and ICOs. The platform employs creative trading strategies and artificial intelligence to identify lucrative investment opportunities.
Because of these tools, VC Spectra (SPCT) investors enjoy maximum returns while bearing minimum risks. In addition, VC Spectra (SPCT) offers investors multiple earning opportunities. For instance, users can benefit from VC Spectra’s (SPCT) token appreciation and dividends.
VC Spectra’s (SPCT) token is a BRC-20 token ingrained with a deflationary burn mechanism to preserve its value by reducing its circulation over time. Besides benefitting from VC Spectra’s (SPCT) token appreciation and dividends, users are further incentivized by granting them voting rights and early access to exclusive pre-ICOs.
The decentralized platform registered significant gains as it progressed through its presale stages. Those investors who bought SPCT tokens in Stage 2 saw a surge of 127.27% from $0.011 to $0.025 in Stage 3. If someone invests in VC Spectra (SPCT) now at the price of $0.025, they stand to gain from a massive 220% surge by the end of presale when the token is priced at $0.08.
Moreover, if you want to get maximum returns for your investment, head over to VC Spectra (SPCT) now to avail of their 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