Avalanche (AVAX) experienced increased on-chain activity in Q2 2023, but its price has declined. Meanwhile, Polkadot (DOT) has experienced consecutive price drops, but recent updates may drive the token’s price higher.
While Avalanche (AVAX) and Polkadot (DOT) face challenges, VC Spectra (SPCT) is gaining attention due to its high-profit potential. Experts say Avalanche (AVAX) and Polkadot (DOT) fall short in comparison after VC Spectra (SPCT) raised $2.4 million in its private/seed sale. Let’s put their claims to the test.
VC Spectra (SPCT) Experiences Significant Growth Outperforming Competitors
VC Spectra (SPCT) is a decentralized fund promoting innovation in fintech and blockchain through strategic acquisitions. The platform offers a secure and transparent gateway facilitated by experienced venture capitalists and technologists.
VC Spectra (SPCT) utilizes AI and advanced trading strategies to optimize rewards and minimize risks. Furthermore, VC Spectra (SPCT) grants users voting rights to participate in the platform’s future developments.
VC Spectra’s SPCT token is BRC-20 standard built on the Bitcoin blockchain. The token enables decentralized trading, exchange, and asset management on the Spectra platform.
On July 19, 2023, VC Spectra (SPCT) began Stage 2 of its public presale, with the token priced at $0.011. Holders experienced an impressive 37.5% increase from Stage 1’s price of $0.008.
Users expect a significant increase of 127.27% as the price reaches $0.025 in Stage 3. The anticipated target price for VC Spectra (SPCT) is $0.08 by the end of the public presale. Current adherents will experience a 627% increase, while early users will enjoy a 900% ROI.
Avalanche’s (AVAX) Price Declines Despite Upgrades
Avalanche (AVAX) is experiencing a bearish trend caused by a consistent decline in value. Despite the launch of Avalanche Vista on July 25, the price of Avalanche (AVAX) responded poorly.
On August 14, 2023, Avalanche’s (AVAX) price was $12.40, with a trading volume of $95 million. In 24 hours, Avalanche’s (AVAX) price had minimal fluctuations, while the trading volume increased by 10% from approximately $85 million. Avalanche’s (AVAX) price decreased by 2.6% from $12.73 in the weekly charts and 21.9% from $15.87 in the monthly records.
Despite the price decline, Avalanche (AVAX) is experiencing steady network expansion. Moreover, it has gained attention for its DeFi-related dApps on the protocol.
Analysts predict that Avalanche’s (AVAX) could reach $15 by the end of 2023, driven by solid backing and increased trading activity.
Polkadot (DOT) Faces Price Challenges Amidst Bearish Sentiment
On August 3, 2023, Haskey and OSL trading platforms announced the launch of retail crypto trading in Hong Kong. The retail-trading platform would avail Polkadot (DOT) and 12 other cryptocurrencies.
Despite the positive news, Polkadot’s (DOT) price declined by 1.6% from $5.06 on August 3 to $5.01 on August 14. During the same period, Polkadot’s (DOT) trading volume decreased by 23%, going from $108 million to $83 million.
Polkadot (DOT) announced the implementation of PolkaSafe on August 12 to help curb its ongoing challenges. PolkaSafe is a practical tool that utilizes the substrate’s multisig pallet. PolkaSafe plans to introduce 16 security features to enhance the Polkadot (DOT) ecosystem.
Advancements in the Polkadot (DOT) ecosystem could boost market sentiment towards the network and its token. Analysts predict a potential increase in Polkadot’s (DOT) price to $7.54 by the end of 2023.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Twitter: https://twitter.com/spectravcfund
Telegram: https://t.me/VCSpectra
Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.
