Hedera (HBAR) and Injective (INJ) are fighting hard to maintain their bullish momentum amid the current bear market. The news of SpaceX selling $373 million worth of BTC came out on August 18, 2023, pushing the crypto markets down. It was followed by the Chinese company Evergrande’s bankruptcy filing.
Although the crypto market recovery might be far, according to experts, VC Spectra (SPCT) has sustained its momentum. Let’s find out why analysts predict VC Spectra to surge ahead.
Hedera Denies the Bears as Institutional Adoption Drives The HBAR Price
Fresh Supply Co. and Hedera (HBAR) got into a partnership on August 2, 2023. The partnership will integrate HBAR into the Mastercard Payment System for Fresh Supply Co. In addition, motor companies Hyundai and Kia incorporated Hedera (HBAR) into their Supply Chain Carbon Emissions Monitoring System on August 10.
Going on, on August 14, the US Federal Reserve adopted Dropp into their micropayments system. Dropp is an app built on the Hedera network.
These events powered Hedera (HBAR) to rise by 50% from $0.050 on August 2 to $0.075 on August 15. However, as the crypto markets became bearish, Hedera (HBAR) dropped by 28% from $0.075 on August 15, to $0.054 on August 18. But Hedera (HBAR) has risen again due to its real-world adoption by Hyundai, Kia, and FedNow. Hedera (HBAR) is trading at $0.065 on August 19, rising by 20%.
Experts are cautiously optimistic about Hedera (HBAR) as it might turn out to be a game-changer with institutional adoption.
Injective (INJ) Trades Sideways After Recuperating Losses
On August 9, 2023, the Injective (INJ) protocol announced a partnership with the Space ID Protocol to launch “.inj” Domain Naming Services. Injective also introduced the Inj Burn 2.0 on August 16. The new mechanism is designed to increase the weekly INJ burn rate. Trust Wallet integrated into the Injective (INJ) Mainnet on August 17.
However, these events weren’t able to prevent the Injective (INJ) price to fall along with the crypto market. Injective (INJ) fell by 16.2% from $8.159 on August 9, to $6.835 on August 18.
The Nabox Wallet announced Injective (INJ) integration on August 18. On the same day, INJ became the top altcoin in terms of social volume, according to Lunarcrush. This has led Injective to rise by 14.1% and trade at $7.800 on August 19.
However, experts are willing to wait and watch what more Injective (INJ) has in store before making any predictions.
VC Spectra (SPCT) Continues Its Meteoric Rise Amid Falling Market
The decentralized hedge fund, VC Spectra (SPCT), works in a community-driven manner. It is developed on the Bitcoin network and specializes in investing in ICOs and blockchain products. VC Spectra (SPCT) generates stable profits through its investments and gives them to the users as buybacks and quarterly dividends.
The hedge fund also has its native token, SPCT, which adheres to the BRC-20 token standard. But users can also purchase the VC Spectra (SPCT) token as an ERC-20 standard. The VC Spectra (SPCT) token gives access to early-stage ICOs to its holders. The SPCT token can also be used to manage assets, make trades, manage assets, and vote on the Spectra Platform.
VC Spectra (SPCT) had an immensely successful private seed sale, where it raised $2.4 million. It is currently in Stage 2 public presale of the VC Spectra token priced at $0.025 per SPCT. Stage 1 investors have already pocketed 212.5% ROI from the initial price of $0.008.
In turn, Stage 2 investors will earn an ROI of 220% after VC Spectra (SPCT) reaches $0.08 at the end of all presale stages. Experts predict VC Spectra (SPCT) to grow further with its massive gains and utility, especially after it joins major exchanges.
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
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
