As of August 13, Cosmos (ATOM) continued on a bearish streak, while TRON (TRX) showed signs of recovery. As analysts explore both coins’ contrasting movements, a new player, VC Spectra (SPCT), emerges. VC Spectra (SPCT) impressed investors by raising $2.4 million in its private sale.
So before talking about Tron’s (TRX) and Cosmos’ (ATOM) price movement, let’s talk more about VC Spectra (SPCT).
VC Spectra (SPCT) Soars Despite Market Volatility
VC Spectra (SPCT) is a decentralized hedge fund bridging the gap between fintech and blockchain. The platform uses clever trading strategies and artificial intelligence to identify lucrative investment prospects. VC Spectra (SPCT) users benefit from monthly and quarterly dividends along with its token appreciation.
The SPCT token is a BRC-20 token with a deflationary burn mechanism that increases its value by decreasing its circulation over time.
The platform has shown tremendous gains over its presale stages. As VC Spectra (SPCT) progressed from Stage 1 to Stage 2 of its presale, investors witnessed a tremendous surge of 37.5% from $0.008 to $0.011. As VC Spectra (SPCT) gears towards Stage 3, those users who invested in Stage 1 will benefit from a whopping 212.5% gain. Investing now, in turn, translates into 127.27% returns.
If you want the best returns for your investments, head over to VC Spectra (SPCT) now to avail its limited-time promotion of a 25% bonus on all deposits. Wait no more, as time literally costs money in this scenario.
Let’s see if Cosmos (ATOM) offers similar value.
Cosmos (ATOM) Struggles to Gain Traction
On August 11, Cosmos (ATOM) announced that its Cosmos Hub is to undergo a v11 upgrade on August 16, 2023. This upgrade enhances Cosmos’ (ATOM) functionality and deals with some of its current limitations. In the long run, this move will benefit Cosmos (ATOM) by boosting its user base and by increasing cash inflows.
However, despite the positive news, Cosmos (ATOM) struggled to climb in value. In fact, following the news, Cosmos (ATOM) showed a minuscule downward fluctuation. Between August 11 and August 13, Cosmos (ATOM) remained stable, hovering over the $8.45 mark. Like its price, Cosmos’ (ATOM) market cap remained stable, hovering over the $2.9 billion mark.
Even though Cosmos (ATOM) didn’t exhibit notable downward movement in the short term, it had plunged a whopping 30.7% from $11.890 to $8.240 since August 13, 2022. Furthermore, as of August 13, 2023, Cosmos’ (ATOM) EMA 200 and SMA 50 signaled towards strong bearish movement, which is likely to persist. Therefore, investors may want to avoid Cosmos (ATOM) for now.
Conversely, TRON (TRX) exhibits a completely opposite scenario.
TRON (TRX) Recovers Ahead of Collaboration
Between July 13 and August 13, TRON (TRX) exhibited substantial depreciation of 5% from $0.0816 to $0.0775. This negative movement can be attributed to the broader negative sentiment surrounding crypto and declining investors’ confidence. Furthermore, as of August 13, TRON’s (TRX) STOCH levels pointed towards the potential for bearish movement.
However, TRON (TRX) seemed to recover despite these negative indicators. On August 10, Huawei announced its Web 3.0 Node Engine will support Ethereum and TRON (TRX). Following this news, TRON”s (TRX) price increased modestly by 1.4% from $0.0736 to $0.0774 between August 10 and August 13. This price appreciation was accompanied by a similar 1.3% increase in market cap from $6.83 billion to $6.92 billion during the same time.
Moreover, as of August 13, TRON’s (TRX) ADX and ATR levels indicated strong bullish movement. Therefore investors might consider investing in TRON (TRX).
Find out more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login