There is an increasing loss of investor faith in Cardano (ADA) and Curve DAO (CRV), which is evident by their steep decline in the past few weeks. Cardano (ADA) has been on a constant downslope in 2023, and the future sentiments remain bearish. Similarly, Curve DAO (CRV) is struggling to escape the aftermath of a recent exploit. Meanwhile, VC Spectra (SPCT) has emerged as a new favorite for investment amid its unprecedented growth following a remarkable private seed sale, where it raised $2.4 million.
But here is the important question, how does VC Spectra (SPCT) overtake its competitors in an ongoing bear market?
The price of Cardano (ADA) dipped by 10% in a single day from $0.2773 on August 17, 2023, to $0.2484 on August 18. This specific drop in the price of Cardano (ADA) was a link in the chain of ongoing value dips shown by many tokens, including BTC, ETH, and XRP.
The latest price drop exhibited by Cardano (ADA) coincides with SEC suggesting another interest hike in a meeting on August 16. Following this new development from the SEC, major cryptocurrencies, including Cardano (ADA), witnessed a price drop between August 16 and August 18.
However, Cardano (ADA) has been on a downslope for most of the year. More precisely, Cardano (ADA) has lost 50% of its value from $0.45 on New Year’s Eve to $0.27 as of August 19. So, experts are not too optimistic about its resurgence.
The price of Curve DAO (CRV) dropped by 25% from $0.7337 on July 30 to $0.5473 on August 17, 2023. This steep decline in the value of Curve DAO (CRV) came in the wake of a recent exploit in the Curve DAO (CRV) ecosystem, leading to a loss of $160 million.
The price of Curve DAO (CRV) further dipped by 10.7% in a single day following a recent SEC meeting on August 17. SEC suggested another interest rate hike in this meeting to tackle mounting inflation.
So, similar to Cardano (ADA), Curve DAO (CRV) bulls don’t seem to be overtaking the power on the Curve DAO (CRV) price any time soon.
While many cryptocurrencies struggle in a bear market, VC Spectra (SPCT) follows an entirely different path.
VC Spectra (SPCT) is a decentralized investment management firm that seeks innovative DeFi projects with high profit potential. What separates it from its competitors is its real-world utility and higher potential for growth over time.
SPCT is a BRC-20 standard token built on the Bitcoin blockchain and follows a deflationary model. SPCT enables decentralized trading, exchange, and asset management across the VC Spectra ecosystem.
VC Spectra (SPCT) is exhibiting unprecedented growth amid a bear market. It recently concluded its private seed sale, raising an astonishing figure of $2.4 million. It is currently valued at $0.025 per token in Stage 2 of its public presale. VC Spectra (SPCT) recently surged by 127% from $0.011 while it still awaits Stage 3.
Better yet, SPCT is expected to conclude its public presale at a price of $0.08, gaining 220% from the current price.
Learn more about the VC Spectra presale here: