Avalanche (AVAX) experiences a drop, while Ethereum (ETH) grapples with its own challenges. Amidst this volatility, VC Spectra (SPCT) emerges as a beacon of resilience and strength. As Avalanche (AVAX) and Ethereum (ETH) navigate their respective hurdles, VC Spectra’s (SPCT) steadfastness in the face of market dynamics underscores its position as a notable contender.
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The recent decline in the total value locked on the Avalanche (AVAX) blockchain has closely mirrored the downward trajectory of Avalanche’s (AVAX) price. Notably, a reduction of nearly 20% in the total value locked coincided with the AVAX token’s negative trend.
The release of 3% of additional Avalanche (AVAX) tokens into the market on July 14. This is aligns with observations from the aftermath of the previous two tokens unlocks on Avalanche (AVAX). And followed by declines in the AVAX token price.
After this token unlock event, Avalanche (AVAX) encountered a 32% drop in value in August. The price dropped from its peak at $15.87 on July 14 to a subsequent low of $10.82 on August 19. While there was a minor rebound to $12.78 on August 8, the effects of the price crash have cast a shadow, maintaining Avalanche (AVAX) within the realms of bearish market sentiment.
Currently, no clear indicators are signalling an imminent recovery or a potential reversal of this downtrend for Avalanche (AVAX). This suggests that the current downward trajectory is likely to persist.
A recent report has revealed that former US President Donald Trump holds over $2.8 million worth of ETH in a wallet. This reveals a significant disagreement from the previously stated crypto holdings of $250,000 to $500,000 in April. However, this revelation seems to have hurt Ethereum’s (ETH) value.
Despite assertions from some of Trump’s supporters contending that the depreciation of ETH value results from the March Shanghai upgrade. Which led to a reduction in Ethereum (ETH) staking rather than an increase. The timeline of this decline doesn’t align with such an explanation.
Since the report’s publication on Aug 14, ETH has experienced a drop in price from $1,859 to $1,679 on August 19. Further boosted by the decline of Bitcoin (BTC).
Market analysts propose that this price decline may be linked to the impending US elections. Which have coincided with growing anti-crypto sentiments within the United States. Should Ethereum’s (ETH) price persist in its descent, it may drop below its existing support thresholds at $1,800 and plunge to fresh lows during August.
VC Spectra (SPCT) emerges as a new blockchain asset management solution poised to revolutionize conventional investment and financial paradigms. Its distinctive strength lies in its inclusive and secure approach to investments.
Venture capitalists and risk management teams meticulously analyze all investment portfolios, ensuring that every VC Spectra (SPCT) investment finds its place in projects that exhibit safety and scalability.
Moreover, VC Spectra (SPCT) involves investors in blockchain proceedings through its decentralized investment management system.
An exceptional feature of VC Spectra (SPCT) is exclusive voting rights for its investors, granting them authority over their participation within the blockchain ecosystem.
VC Spectra (SPCT) has garnered substantial attention within the market landscape, amassing $2.4 million during its private presale.
Impressively, the public presale demonstrated noteworthy performance by delivering a remarkable 212.5% return on investment to Stage 1 participants, as the token price surged from $0.008 to $0.025 during Stage 2. This rapid appreciation in VC Spectra (SPCT) value happened ahead of schedule.
Anticipation now centres on an additional 220% upswing as the token price aims to hit the target of $0.08 upon its launch on prominent exchanges.
Learn more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
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