Maker (MKR) and Avalanche (AVAX) are well-known names in the crypto industry. A new contender, however, is giving the duo a run for their money. VC Spectra, a decentralized hedge fund, has garnered significant attention and is now considered a highly promising contender.
In this article, we will explore the reasons behind VC Spectra’s rising popularity and the declining popularity of Maker (MKR) and Avalanche (AVAX).
Maker (MKR) Struggles to Make Headlines
Maker (MKR) recently saw its price decline by 8.7% in just three days – declining from $1,308 to $1,194 from July 29, 2023 to August 1. While Maker (MKR) has since recovered to now trade slightly higher at $1,316, the decline is evident in its lack of convincing bullish momentum.
MakerDAO, the decentralized organization in charge of Maker (MKR), recently passed an emergency proposal to increase its holdings of United States Treasury bonds by 150%, from $500 million to $1.25 billion.
This was done in an effort to diversify the collateral exposure of its stablecoin, Dai. The move comes after Dai lost its $1 peg during market volatility on March 11, an event that sparked a lot of doubt in Maker’s (MKR) future.
Maker (MKR) broke above the $1,200 resistance level, reaching $1,317 on July 29. According to analysts, if MKR holds above $1,200, it could rise to $1,600 and $1,900. Otherwise, MKR may drop to around $1,079. Given the recent bearish sentiment surrounding Maker (MKR), further increases might be unlikely.
Avalanche (AVAX) Under Bearish Pressure
Avalanche (AVAX) keeps trending lower, with its price declining from $13.4 to $12.7 in the last three days, marking a decline of nearly 5%. Avalanche (AVAX) trades a staggering 19.6% from its yearly peak at $15.8, showing no signs of a turnaround.
Despite Avalanche’s (AVAX) Foundation’s recent announcement of Avalanche (AVAX) Vista, a program to purchase $50 million worth of tokenized assets on the Avalanche (AVAX) network, AVAX’s price remained stagnant. Avalanche (AVAX) remains at $12.7, showing a lack of reaction to the news.
VC Spectra Deliver Remarkable Results
VC Spectra (SPCT) is a thriving blockchain platform specializing in asset management, with a strong emphasis on secure investments and sustainable income generation opportunities. The rapid growth of the VC Spectra platform and SPCT token has captured significant interest from the crypto community.
VC Spectra’s SPCT token, built on the BRC-20 standard of the Bitcoin blockchain, follows a deflationary model. This means that regular burning of a portion of the total SPCT supply makes the remaining tokens scarcer, possibly increasing their value.
Investors who hold VC Spectra’s native SPCT tokens gain exclusive access to a wide range of promising blockchain investment opportunities, opening doors to potentially significant returns on their investments. They can also directly influence the VC Spectra platform via its decentralized governance model.
Following a prosperous private seed sale that secured $2.4 million in funding and the successful completion of Stage 1 of its ongoing public presale, VC Spectra (SPCT) has advanced to Stage 2. In this stage, the SPCT token is being offered for $0.011, displaying an impressive 37.5% growth from its initial price of $0.008.
In Stage 3 of VC Spectra’s public presale, which is to follow, SPCT will be offered for purchase at a price of $0.025. This represents a remarkable 127.27% increase from its current value.
Additionally, by the end of the public presale, when it will hit major exchanges, the price per SPCT token will surge to $0.08, translating to an impressive 627% increase from its current price.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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