Uncertainty in the crypto markets has led to cautious trading. Investors are looking for investment targets that are on an upward trajectory. Consequently, it has resulted in a visible turn from well-known coins such as Cardano (ADA) and TRON (TRX) to the new entrant VC Spectra (SPCT).
Let’s explore VC Spectra (SPCT) further to identify why investors are running from Cardano (ADA) and TRON (TRX) to it.
Cardano’s (ADA) Price Stagnation Causes Investors Flight
A recent report indicates that Cardano (ADA) has had a fruitful Q2. It experienced a 10% rise in TVL to $150 million and a 49% increase in transactions. However, Cardano (ADA) experienced a decrease in NFT trading, as did the rest of the market. Cardano (ADA) now has an EVM-compatible side chain in Milkomeda C1.
Despite the increase in users and TVL, there was minimal impact on the price of Cardano (ADA).
Cardano (ADA) gained 6.1% in July, as its price moved from $0.29 to $0.31, possibly due to high user activity and TVL levels. However, Cardano (ADA) wiped out its July gains as it fell back to $0.29 on August 14 as the market stabilized.
Cardano (ADA) has since been rangebound between $0.28 and $0.31 since mid-Jun. Market analysts proffer a neutral market sentiment with neither buyers nor sellers dominating.
Overall, Cardano (ADA) is currently on a downtrend and may reach $0.28 by the end of the week, as per the growing bear market visible in monthly graphs.
TRON (TRX) Growth Has Little Impact On Its Price
A market analysis report by Messari shows impressive growth in TRON (TRX) network. The development of the BitTorrent Bridge and evolving its staking mechanism to TRON Stake 2.0 became the main growth catalysts.
The report noted that TRON (TRX) increased new accounts by 13.4% while transactions grew by 28.9%. Further, there was a notable 14% surge in daily active addresses. Despite the impressive performance, rumors of Huobi’s insolvency have kept TRON (TRX) price low.
From August 7 to 13, the price of TRON (TRX) rose 0.6% from $0.07711 to $0.07758. However, as the rumors hit the market, the price slightly dropped to $0.07634 on August 16.
For this reason, market experts observe a bearish market sentiment on TRON (TRX). Additionally, TRON (TRX) bears are more dominant in the general crypto market. Following this development, TRON (TRX) may drop below $0.7520 before it rises again.
VC Spectra (SPCT) 37.5% Surge Shows Its Potential In Presale Stage
VC Spectra (SPCT) is a decentralized hedge fund that uses AI technology to find and invest in upcoming blockchain and technology projects. It offers an investment avenue promising long-term rewards such as quarterly dividends and profit sharing.
VC Spectra (SPCT) has a BRC-20 governance token, SPCT. Investors can buy the token to gain access to the Spectra platform and its benefits. Additionally, SPCT is transferable and useful for paying transaction fees and asset management in the ecosystem.
VC Spectra (SPCT) is currently in the second stage of its public presale, selling at $0.011. VC Spectra (SPCT) projects its price may reach $0.08 at the final stage of the presale. Therefore, investors who buy now could earn a 627% ROI.
However, with the current stage at 71.77% completion, a projected 127.27% profit nears when the price of VC Spectra (SPCT) tokens reaches $0.025 in the third presale stage.
If you’re looking for a secure and profitable investment opportunity, VC Spectra (SPCT) is a great option. Purchase VC Spectra (SPCT) today and start earning long-term profits.
Find out more about the VC Spectra presale here:
Buy presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund