Optimism (OP) has shown surprising durability by recovering from the BASE hack that took place on July 17. On the other hand, Chainlink (LINK) depreciated significantly in the week leading to August 8. As analysts observe both coins’ contrasting trajectories, VC Spectra (SPCT) takes the lead, raising $2.4 million in its private sale.
The Rise Of New Cryptos: How VC Spectra Stands Against Optimism And Chainlink
But before we dive into SPCT’s winning trajectory, let’s take a closer look at OP and LINK.
But before we dive into SPCT’s winning trajectory, let’s take a closer look at OP and LINK.
Optimism (OP) Resurges Amidst Market Volatility
On August 6, 2023, Coinbase’s newly launched BASE network experienced a backdoor contract exploit. The resulting hack resulted in the loss of 597 Ethereum (ETH) and steered investor sentiment as the network was built on Optimism (OP) Stack.
Despite the negative news, Optimism’s (OP) price showed signs of recovery by surging 3% from $1.69 to $1.74 in the week leading up to August 7. Furthermore, the RSI has entered the overbought region, suggesting increased investor confidence in Optimism (OP).
However, while Optimism (OP) exhibited a bullish movement around August 8, analysts warned traders of ongoing market volatility. The BASE hack on July 17 has raised substantial concerns about Optimism’s (OP) security and future. Therefore, investors may want to exercise caution whilst dealing with Optimism (OP).
Let’s see whether Chainlink (LINK) displays a similar scenario to Optimism (OP).
Chainlink (LINK) Disappoints Investors by Plummeting Significantly
On July 17, Chainlink (LINK) Labs' CPO unveiled Chainlink’s (LINK) Cross-Chain Interoperability Protocol (CCIP) with early access on platforms like Ethereum and Avalanche. CCIP would enable developers to build cross-chain solutions and conveniently shift tokens using verified token pool contracts.
Despite this development, Chainlink (LINK) saw a substantial plunge in price, falling 7.7% from $7.64 to $7.05 in the week leading up to August 7. This value depreciation was accompanied by a similar 7.3% dip in market cap from $4.1 billion to $3.8 billion during the same time. Although Chainlink (LINK) has depreciated significantly, analysts expect a bullish movement soon. This is because, on August 8, Santiment reported that Chainlink (LINK) sharks and whales had accumulated $192.2 million Chainlink (LINK) in July.
However, as of August 8, Chainlink’s (LINK) RSI and OBV values show steady bearish momentum. Therefore investors may want to avoid Chainlink (LINK) for now.
Instead, they can opt for VC Spectra (SPCT), which has shown significant appreciation.
VC Spectra (SPCT) Soars to New Heights
VC Spectra (SPCT) is a decentralized hedge fund focusing on early-stage investments and ICOs. The platform employs clever trading strategies and modern technology like artificial intelligence to identify lucrative investment prospects.
Regarding returns, VC Spectra (SPCT) offers investors the opportunity to benefit from both: token price appreciation and dividend funds. Furthermore, users who invest in VC Spectra (SPCT) enjoy maximum returns while bearing minimum risks.
The platform is committed to sharing its profits with its investors. Hence they incentivize the users by allocating a substantial 40% of their investment gains for monthly and quarterly dividends. Apart from investing in promising Web3 projects, VC Spectra (SPCT) guides and mentors the core teams to structure a portfolio business model.
Investors witnessed an exceptional 37.5% surge in value from $0.008 to $0.011 as VC Spectra (SPCT) transitioned from Stage 1 to Stage 2 of its presale. Users can expect a significant 127% value appreciation as VC Spectra (SPCT) proceeds to Stage 3 of its presale. This will be a notable 212.5% gain from the initial price of $0.008.
Furthermore, if you act now, you can benefit from VC Spectra (SPCT) limited-time offer of a 25% bonus on all deposits.
Find out more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund