With more token unlocks scheduled for ApeCoin (APE) in August 2023, the outlook is bleak. Avalanche (AVAX) has announced a new partnership with Blockpay, but its price has refused to reflect the developments. As the prices of ApeCoin (APE) and Avalance (AVAX) struggle, VC Spectra (SPCT) has emerged as a market leader.
Get Ahead In Crypto: Top Coins To Secure Your 2023 Profits!
Let's have a look at why VC Spectra (SPCT) is dominating the crypto space this 2023!
VC Spectra
VC Spectra
Let's have a look at why VC Spectra (SPCT) is dominating the crypto space this 2023!
ApeCoin (APE) Continues A Downward Trend Upon Token Unlocks
ApeCoin (APE) is working on bringing about a community-driven decentralization. In this regard, it first released the ApeCoin DAO Handbook on August 4, 2023. This was followed by the release of ApeCoin DAO on August 9.
While ApeCoin continues to build, its tokens are being unlocked at a fast pace. In Q2 of 2023, 46.8 million APE were unlocked, followed by 15.5 million APE in July. With 15.5 million more APE to be unlocked in August, the selling pressure is too high on ApeCoin (APE).
The mass sell-off has been reflected in the price of the APE token. Its price has fallen by 19.3% in Q3 beginning from July 1. ApeCoin (APE) went from $2.22 on July 1 to $1.79 on August 17.
As more token unlocks are in the pipeline, experts are worried about the price of ApeCoin (APE). The bulls don’t seem to be taking over soon. Let’s check if AVAX brings better promise.
Avalanche (AVAX) Fails To Ride the Wave of New Partnerships
Avalanche (AVAX) announced on August 11, 2023, that it has entered into a partnership with Blockpay. The partnership will allow the real-time conversion of cryptocurrencies on the Avalanche (AVAX) network to fiat currencies. These can be used at any outlet that accepts Mastercard.
Earlier, the Avalanche (AVAX) Foundation also announced its $50 million tokenization initiative, Avalanche Vista, on July 25.
But despite these developments, Avalanche's (AVAX) price only showed a spike after the ruling in SEC vs. XRP case on July 13. Avalanche (AVAX) went from $13.02 on July 13 to $14.83 on July 16. Since then, the Avalanche (AVAX) token is down 22.9%, trading at $11.42 on August 17.
Experts are cautiously optimistic about Avalanche (AVAX) as it grows its ecosystem. However, neither ApeCoin (APE) nor Avalanche (AVAX) can compete with VC Spectra (SPCT).
VC Spectra (SPCT) Price Surges Amidst Flourishing Demand
VC Spectra (SPCT) is an innovative decentralized hedge fund built on the Bitcoin network. It specializes in making sustainable profits through investments in ICOs and blockchain products. The returns made by VC Spectra (SPCT) are redistributed to the users through buybacks and quarterly dividends.
The native token of the?VC Spectra hedge fund, SPCT, is built on the BRC-20 token standard. The VC Spectra (SPCT) token is deflationary with an inbuilt burn mechanism to reduce its supply over time. The VC Spectra (SPCT) token can be used to trade, manage assets, and earn voting rights on the Spectra platform.
SPCT is in Stage 2 of its public presale. Due to the burgeoning demand for the token, its price has increased to $0.025 per SPCT in Stage 2, earlier than anticipated, as this was the projected price for the Stage 3 public presale.
Moreover, the VC Spectra (SPCT) token is expected to reach $0.08 by the end of its presale. This would be an ROI of 220% for Stage 2 investors. In the current crypto markets, almost no project is capable of producing such high returns. Naturally, the forecasted gains and real-life utility have made VC Spectra (SPCT) the favorite of crypto experts.
Learn 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
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