Avalanche (AVAX) and Monero (XMR) are going the opposite way in the crypto market. Overall, Avalanche (AVAX) has been on a decline for the past month on the charts as the sellers are currently in charge. On the other hand, Monero (XMR) is finally recovering from the effects of Mordinals, showing an upward trend. Meanwhile, VC Spectra (SPCT) continues with its Stage 2 of public presale after an outstanding private seed sale, where it raised $2.4 million.
Let’s discuss how VC Spectra (SPCT) outshines its competitors as it heads toward Stage 3 of the public presale.
What you'll learn 👉
Avalanche (AVAX) Struggles to Escape a Downturn
With a decrease of 15% in its value from $14.61 to $12.29 in the last month, Avalanche (AVAX) desperately seeks stable ground. Moreover, Avalanche (AVAX) has been in hot waters since the start of this year, as Avalanche (AVAX) has lost over 55% of its value on a year-to-date basis.
The poor performance of Avalanche (AVAX) can be attributed to various microeconomic factors. Avalanche (AVAX) struggles to escape the downturn because the sellers are in charge of the market, which means that the demand is low. With that being said, the outlook for Avalanche (AVAX) remains bearish in the coming weeks.
With AVAX offering worrying prospects, let’s see whether XMR and SPCT make up for better gains.
Monero (XMR) Heads in a Positive Direction After a Momentary Upset
The value of Monero (XMR) was heavily affected by the release of Mordinals on May 20, 2023, followed by a backlash from the Monero (XMR) community. The value of Monero (XMR) decreased by 10% from $150.41 on May 20 to $133.89 on June 16, 2023.
The Monero (XMR) community was concerned about the privacy of transactions amidst the release of Mordinals. At the same time, some users appreciated the innovation in the blockchain. Regardless, it proved to be a disaster for Monero (XMR). A recent press release on August 14, 2023, by Nathalie Roy, founder and owner of XMRWallet.com, shuns the privacy concerns regarding Mordinals.
The price of Monero (XMR) has surged by 17% to $156.98 after hitting a low of $133.89 on June 16, 2023, due to community backlash. The surge indicated that the negative sentiments shown by the Monero (XMR) community were temporary, and Monero (XMR) is back on track after a momentary upset.
VC Spectra (SPCT) Remains an Investor Favorite with High-Profit Potential
VC Spectra (SPCT), a decentralized hedge fund, has gained traction in the crypto space because of its high potential. With a focus on real-world utility and the potential for a higher return on investment (ROI), VC Spectra (SPCT) has been successful in getting the attention of investors.
VC Spectra (SPCT) offers a token with an excellent investment opportunity. In addition, VC Spectra (SPCT) offers quarterly dividends and buybacks for its investors from the profits made with the investments.
The platform successfully concluded a remarkable private seed funding round, raising $2.4 million. Now, VC Spectra (SPCT) is heading towards the conclusion of Stage 2 of its public presale, valued at $0.025. It is over a 100% increase in the value of VC Spectra (SPCT) from Stage 1, priced at $0.008.
Moving into Stage 3 of the public presale will guarantee a 127.27% profit for Stage 2 investors and an impressive 212.5% profit for Stage 1 investors. It means now is the perfect time to jump on these amazing prospects!
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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