Aptos (APT) and Hedera (HBAR) face challenges in the market as VC Spectra (SPCT) continues to dominate. Aptos (APT) continues to trend lower in spite of a recent Microsoft partnership, while Hedera (HBAR) recently experienced a massive plunge, unaffected by a recent partnership with RAK DAO. Let’s dive into the news and examine why VC Spectra is proving to be a force to be reckoned with.
Aptos (APT) Plunges After A Microsoft-Driven Hype Rally
Aptos (APT) recently plunged 7.1% in just four days. Aptos (APT) fell from $7.82 on August 9, 2023, to trade at $7.16 on August 13, 2023.
Although devastating, this drop is only a tenth of the 70% drop Aptos (APT) has experienced over the year. Aptos (APT) fell from a yearly high of $19.92 on January 26, 2023, to as low as $5.89 on June 10, 2023.
On a more positive note, the Aptos (APT) token experienced an 11.6% surge following the August 9, 2023, announcement of a collaboration with Microsoft to integrate AI tools into its blockchain network and enhance Web3 adoption in the financial sector. The partnership aims to leverage Microsoft’s Azure OpenAI service and introduce innovations in asset tokenization and on-chain payments.
This rapid price increase occurred within 50 minutes after the news was revealed, propelling APT to $7.92 before settling at $7.51. However, Aptos (APT) struggles to maintain these gains as it continues to trend lower.
Hedera (HBAR) Dips Lower Despite Promising Partnership
Hedera (HBAR) continues to trend lower, with the price falling 12.6% within three days. This occurred as Hedera (HBAR) fell from $0.063 on August 9, 2023, to $0.055 on August 12. Hedera (HBAR) has since slightly recovered as of August 13, trading higher at $0.056.
RAK Digital Assets Oasis (RAK DAO), a United Arab Emirates (UAE) free zone catering to crypto companies, has partnered with the HBAR Foundation to assist Web3 startups. This assistance is provided via a grant program and expertise in leveraging the Hedera (HBAR) blockchain.
While the partnership with Hedera (HBAR) is broadly considered a good move, the current regulatory uncertainties in the crypto industry might hamper startups looking to benefit from this initiative.
Analysts predict Hedera (HBAR) might continue to trend lower if a sustained break below the $0.055 support level occurs.
VC Spectra Continues to See Massive Acquisition
VC Spectra (SPCT) is a decentralized hedge fund specializing in lucrative prospects within the cryptocurrency and fintech sectors. VC Spectra (SPCT) users gain entry to a diverse selection of tokens and niche markets, coupled with the added benefits of quarterly dividends and buybacks derived from their asset gains.
In addition to serving as the primary transaction medium, VC Spectra’s native SPCT token offers users access to various platform services. Furthermore, SPCT tokens allow users to vote on the platform’s moves.
VC Spectra (SPCT) is in the second stage of its public presale, offering its tokens for $0.011. Users who acquire SPCT now can anticipate a substantial 127.27% increase in value as VC Spectra (SPCT) progresses to Stage 3, where SPCT is projected to be worth $0.025.
As VC Spectra (SPCT) advances through its successive presale stages, its value is predicted to ascend to $0.080. This implies that Stage 2 users could enjoy remarkable gains of up to 627% when SPCT becomes available on exchanges. Additionally, participants can take advantage of an extra 25% bonus on their deposited funds.
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login
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