Between August 8 and August 22, 2023, Polygon (MATIC) regressed significantly. On a similar note, Stellar (XLM) followed the same path and declined substantially up to August 22. VC Spectra (SPCT) takes the spotlight as both coins recede from investors’ sight.
VC Spectra (SPCT) sparked investors’ curiosity by raising $2.4 million in its private sale. But before we discuss its upsurge, let’s analyze Polygon (MATIC) and Stellar (XLM) closely.
Polygon (MATIC) Plunges Amidst Market Volatility
On August 8, Bitstamp announced that it would temporarily halt trading activities for various high-profile coins, including Polygon (MATIC). This news would adversely affect Polygon’s (MATIC) price in the future by decreasing investors’ interest and the coin’s user base.
In the wake of this news, Polygon’s (MATIC) price took a significant hit, falling by 17% from $0.663 to $0.547 between August 8 and August 22. This negative price movement was accompanied by a similar 16% decrease in market cap during the same time. Furthermore, as of August 22, Polygon’s (MATIC) SMA 100 and VWMA 20 levels pointed towards an ongoing bearish movement.
However, despite the negative news, experts still hope that Polygon (MATIC) will recover. As of August 22, Polygon’s (MATIC) CCI 20 levels were positive, indicating a potential bull run in the near future.
But does Stellar (XLM) exhibit a similar scenario? Let’s find out.
Stellar (XLM) Struggles to Gain Traction
On August 16, Stellar announced that it had acquired a stake in international payments giant MoneyGram, now becoming a seasoned player in the payments sector. This news would immensely benefit Stellar (XLM) in the long run by increasing investors’ confidence and trust in the coin. This recent upgrade would enable Stellar (XLM) to be on par with its fintech competitor Ripple.
However, despite the positive news, Stellar’s (XLM) depreciated by 3.9% from $0.129 to $0.124 between August 16 and August 22. This downtrend was accompanied by a similar 2.9% drop in market cap from $3.5 billion to $3.4 billion during the same time. However, Stellar’s (XLM) negative price movement can be attributed to surging market volatility and a broader negative sentiment surrounding crypto.
Besides negative price movement, Stellar (XLM) showed technical signs of a bearish rally. As of August 22, Stellar’s (XLM) EMA 10 and MACD levels pointed towards a potent bearish trend that will likely persist. Experts see this as an indication that the bears have seized control.
Interestingly, VC Spectra (SPCT) exhibits a completely different scenario by growing exponentially.
VC Spectra (SPCT) Registers Massive Gains as Presale Continues
VC Spectra (SPCT) is a decentralized hedge fund focused on providing investors with a transparent and profitable investment experience. The platform bridges the gap between fintech and blockchain by leveraging artificial intelligence and effective trading strategies.
Regarding returns, VC Spectra (SPCT) allows users to profit from its token appreciation and monthly and quarterly dividends. VC Spectra (SPCT) is committed to sharing its success with its investors. Therefore, VC Spectra (SPCT) has allocated a substantial 40% of its investment funds for dividends.
The platform has registered tremendous gains during its various presale stages, and users who bought VC Spectra (SPCT) in Stage 1 benefitted from a 212.5% surge from $0.008 to $0.025. Similarly, if you invest in VC Spectra (SPCT) now, you can anticipate a 220% surge from $0.025 to $0.08 by the end of the presale.
Besides offering significant gains during the presale, VC Spectra (SPCT) also offers certain privileges to its token holders. VC Spectra’s (SPCT) token holders are granted early access to pre-ICOs and are granted voting rights. This enables them to have a say in VC Spectra’s (SPCT) future investments and decisions.
If you want the maximum returns while bearing minimum risks, head over to VC Spectra (SPCT) now to take advantage 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
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
SIGN UP FOR LIGHTCHAIN 2025 - BUY NOW