The gods of luck have evaded Stellar (XLM) and Cosmos (ATOM) lately. The two cryptocurrencies recorded disheartening price drops in the last week. Meanwhile, VC Spectra (SPCT) continues its show as it offers investors various lucrative opportunities. The platform raked in $2.4 million during its private seed sale.
But why are whales giving Stellar and Cosmos a wide berth and opting for VC Spectra instead? Read on to find out!
Stellar (XLM) encounters a bearish sentiment in July
Stellar (XLM) experienced a price drop during the first week of July, plummeting from $0.1 to $0.096, marking a 4% decrease in value. Stellar’s price decline was attributed to the general bearish sentiment affecting the crypto market.
Recently, the Stellar platform underwent various developments aimed at bolstering its network capabilities. However, the advancements did little to improve Stellar’s price value as the bears maintained dominance. Due to this, investors are demonstrating caution towards Stellar (XLM), triggering selling pressure amid inadequate buying interest.
Yet, Stellar is committed to implementing strategic initiatives to improve its utility. For instance, to attract more investors, Stellar (XLM) plans to speed up the growth of widely-used assets while encouraging accessibility to practical apps. So, despite Stellar’s current downward situation, experts remain optimistic about a possible positive sentiment in the foreseeable future.
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On the other hand, investors may have to wait a little longer before these advancements bear fruit. Bearish analyst projections show that Stellar will drop to $0.094 by August.
The market remains weak for Cosmos (ATOM)
The Cosmos (ATOM) price has been shaky lately. While Cosmos experienced a slight price relief in the first half of June, it’s yet to hit the $10 mark. Investors are concerned about Cosmos’s poor performance, which has resulted in dwindling open interest rates.
Analysts noticed that many traders on the futures market were shorting the ATOM asset. While this suggests a short-term bearish sentiment, a solid BTC rebound right before Cosmos hit the $8.93 price level could smash various short positions.
Furthermore, a resurgence from the $8.93 mark could provide Cosmos (ATOM) investors with new buying opportunities, but that will only happen if the BTC maintains a bullish sentiment. Currently, things are starting to look bright for Cosmos, which recorded a 0.86% jump from $9.27 to $9.35 in the last 24 hours. Moreover, bullish projections suggest that ATOM could rise by an additional 16.58% to $10.9 by August 2023.
VC Spectra (SPCT) leaves a smile on many investor’s faces
VC Spectra (SPCT) has sold 77% of its initial token supply, demonstrating its immense potential. The platform is a decentralized hedge fund that rewards users with quarterly dividends and buybacks emanating from investment profits. With VC Spectra, investors can access pre-ICOs, diversified portfolios, and early-stage blockchain ventures.
Furthermore, VC Spectra (SPCT) leverages algorithmic and systematic trading strategies to guide investors into making informed trading decisions. Of course, they come in handy to maximize profits while minimizing risks.
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Moreover, SPCT is a BRC-20 standard token operating on the Bitcoin blockchain. It facilitates decentralized trading, seamless exchange, transaction fees, and asset management on the Spectra platform. SPCT’s deflationary framework features a burn mechanism to reduce token circulation over time.
VC Spectra’s token (SPCT) is currently valued at $0.008. Experts project that the token will attain its $0.08 target price before it launches on major exchanges, giving VC Spectra users an opportunity to earn a 900% ROI. Invest in SPCT today and secure your future.
