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Cosmos (ATOM) & Lido DAO’s (LDO) Drop Makes Way for VC Spectra (SPCT) & Solana’s (SOL) Predicted Boom
Between August 11 and August 17, Cosmos (ATOM) declined significantly. Lido DAO (LDO) followed a similar trajectory by regressing since August 3. While both coins struggled to gain traction, Solana (SOL) exhibited a contrasting movement, showing signs of an uptrend. Yet, the most profitable coin was VC Spectra (SPCT) which grew remarkably by raising $2.4 million in its private sale.
But before discussing VC Spectra (SPCT), let’s analyze its rivals!
Cosmos (ATOM) Struggled to Gain Traction
On August 11, Cosmos (ATOM) revealed that its Cosmos Hub will undergo a v11 upgrade to bring various enhancements to its blockchain. This news should help Cosmos (ATOM) in the long run by increasing investors’ confidence and userbase. Furthermore, as of August 17, Cosmos’ (ATOM) HMA 9 and Momentum 10 signaled the potential for bullish movement.
However, despite the positive news and technical indicators on ATOM, Cosmos’ (ATOM) price dropped significantly. Cosmos (ATOM) fell by a staggering 7.6% from $8.775 to $8.110 during August 11 and August 17.
Cosmos’ (ATOM) negative price movement was followed by a similar 10% drop in market cap from $3 billion to $2.7 billion during the same time. Moreover, as of August 17, Cosmos’ (ATOM) MACD and EMA 20 levels pointed towards a strong bearish rally that will likely persist.
Let’s see if Lido DAO (LDO) exhibits a similar scenario.
Lido DAO (LDO) Plummets Following Whale Activity
On August 3, Santiment, a prominent blockchain firm, reported that $10 million in transactions were recorded for several top altcoins, including Lido DAO (LDO). Following this news, Lido DAO’s (LDO) value declined by 7.7% from $1.874 to $1.730 between August 3 and August 17. This was followed by a similar 6.3% decrease in Lido DAO’s (LDO) market cap from $1.6 billion to $1.5 billion during the same time.
Despite the negative news and price action around LDO, Lido DAO (LDO) showed signs of recovery. As of August 17, Lido DAO’s (LDO) Momentum 10 levels and HMA 9 levels signaled a potential rebound.
Despite Lido DAO’s (LDO) potential for a bullish movement, VC Spectra (SPCT) exhibits the greatest potential.
VC Spectra (SPCT) Stuns by Surging Tremendously
VC Spectra (SPCT) is a decentralized asset management platform promising maximum returns while bearing minimum risks. The platform employs systematic and algorithmic trading strategies and artificial intelligence to identify profitable investment opportunities.
Regarding returns, VC Spectra (SPCT) investors can benefit from its token appreciation and monthly and quarterly dividends. VC Spectra’s (SPCT) token is an ERC-20 token hardwired with a deflationary burn mechanism. This mechanism allows VC Spectra (SPCT) to preserve its token’s value by decreasing its circulation over time.
Investors can utilize the SPCT token to engage in decentralized trading and asset management on the platform. Furthermore, VC Spectra (SPCT) incentivizes its token holders by granting them voting rights and access to exclusive pre-ICOs. If you want to capitalize on significant returns up to 220%, navigate to VC Spectra (SPCT) to benefit from its limited-time offer of a 25% bonus on all deposits.
Let’s see if Solana (SOL) can rival VC Spectra (SPCT).
Solana (SOL) Exhibited Potential for Bullish Movement
On August 7, Cypher Protocol, a decentralized futures exchange operating on Solana (SOL), revealed that their platform was compromised and assets of around $1 million were lost. Following this news, on August 16, Solana’s (SOL) EMA 20 signaled negative market sentiment.
However, Solana (SOL) still exhibited signs of a bullish movement. On August 16, Kaiko reported that Solana (SOL) surged to become one of the most liquid altcoins on Coinbase.
Following this news, between August 16 and August 17, Solana’s (SOL) price remained stagnant, hovering over the $23.30 mark. Meanwhile, Solana’s (SOL) trading volume increased fractionally by 0.2% from $415.5 million to $416.5 million. Moreover, as of August 17, Solana’s (SOL) RSI 14 and EMA 50 signaled an incoming bullish movement.
Find out more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram:
Twitter: https://twitter.com/spectravcfund
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