Cardano’s (ADA) whales are in attack mode, but do they pull the price up or down? In other news, will Polygon (MATIC) benefit from the Bitcoin sell-off initiated by Elon Musk’s Tesla? Will this cryptoverse circus work in favor of VC Spectra (SPCT)? Let’s discover if these token-specific updates work in favor or against their price action.
Can Cardano’s (ADA) Whales Sail Against the Bearish Current?
Cardano (ADA) published breaking news on August 15, 2023 about the whales hoarding Cardano (ADA) tokens once again. Over 25,000 wallets carrying more than 100,00 Cardano (ADA) tokens appeared on the transaction database on the said date. However, the crypto community is divided.
The optimistic ones say that the downtrend price movement of Cardano (ADA) is bound to end soon. Others say this press release is just a way to psychologically manipulate the investing public to buy more Cardano (ADA).
On the other hand, those who haven’t trimmed their losses on Cardano (ADA) continue to hold their position. Analysts say that Cardano (ADA) will recover above its 10-day simple moving average any time this August 2023.
Meanwhile, bearish Cardano (ADA) enthusiasts await a drop below $0.24 as a precursor to $0.22 before entering new positions. Their bearishness on Cardano (ADA) seems justified, with a 7.14% decline from August 15th’s $0.28 to August 18th’s $0.26. The analysts’ overall sentiment is bearish.
Polygon (MATIC): A Casualty of Elon Musk’s Bitcoin Sell-Off?
Amid rumors, on August 18, 2023, Elon Musk’s SpaceX reportedly began liquidating its entire Bitcoin holdings, causing a crypto market frenzy. These coins are interrelated, which is why even Polygon (MATIC) is affected. Reports also revealed that Musk’s Tesla liquidated 75% of its Bitcoin investments in 2022.
On the other hand, holders of Polygon (MATIC) won’t buy that bearish sentiment as analysts believe that the selling pressure has been tamed already. On August 18, 2023, Polygon (MATIC) registered a green volume bar, supporting predictions of recovery toward $0.77, analysts say.
Meanwhile, the bears of Polygon (MATIC) rejoice since the token trades lower than its 10-day and 200-day simple moving averages. It’s confirmed that Polygon (MATIC) is bearish in the short and long-term periods. Analysts say Polygon (MATIC) is poised to break below $0.52. The analysts’ consensus estimate is bearish for Polygon (MATIC). The prevailing price of Polygon (MATIC) must register a golden cross above the two moving averages to change the sentiment of the game.
VC Spectra’s (SPCT) Public Presales Snub the Bears
The evolving and competitive blockchain industry faces various concerns, such as regulatory, transparency, volatility, fraud, and hacking issues. VC Spectra saw these problems and decided to contribute to the solution by being a decentralized hedge fund. Crypto investors can trade VC Spectra (SPCT) within the Bitcoin network. This protocol allows secure and transparent trading because of cryptography and smart contracts.
Buying VC Spectra (SPCT) offers benefits like portfolio-relative quarterly dividends and buybacks. Another benefit is voting rights, giving investors authority in VC Spectra’s (SPCT) money growth. Lastly, VC Spectra (SPCT) holders gain access to exclusive pre-ICOs.
Moreover, investors choose VC Spectra (SPCT) for its 25% deposit bonus and substantial profits in its ongoing public presale. VC Spectra (SPCT) Stage 1 (public presale) investors gained a 212.50% profit, going from an initial price of $0.008 to the current $0.025.
On the other hand, VC Spectra (SPCT) Stage 2 investors earned 127.27% from their initial purchase price of $0.011 to the current price of $0.025. VC Spectra (SPCT) is about to enter Stage 3 of its public presale. Investors can expect the price to keep increasing until it reaches $0.08 per VC Spectra (SPCT).
Learn more about the VC Spectra (SPCT) presale:
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.
