Many investors agree that their outlook for Fantom (FTM) and Polkadot (DOT) has changed significantly after VC Spectra’s (SPCT) recent presale boom. Now, investors are thinking of dumping their Fantom (FTM) and Polkadot (DOT) tokens in favor of a presale token. Will this be a smart move? Let’s see what investors think.
Fantom (FTM) Suffers A Massive Drop in Total Value Locked
Fantom’s (FTM) bearish run has continued into the first few weeks of August 2023. It was trading at $0.30 on July 14. Fantom (FTM) crashed by 23.3% to $0.23 on July 25. It then rose by 4.3% slightly to $0.24 on August 2. It then fell by 4.1% to $0.23 on August 9. As of August 13, Fantom (FTM) is trading at $0.24.
Fantom’s (FTM) drop has been pinned on the sharp fall of its “Total Value Locked.” The drop came amid the failure of Multichain – a cross-chain protocol that helped bridge several assets to Fantom (FTM). Multichain’s failure led to a serious disruption of Defi activities on Fantom (FTM).
Bulls say Fantom (FTM) will rise by 45.8% to $0.35 once its Defi activity picks up again. However, bearish analysts say a decline in activity in the general Defi market will lead Fantom (FTM) to fall by 25.0% to $0.18.
Polkadot (DOT) Maintains its Rising Staking Activity Despite Its Price Crash
Polkadot (DOT) has fallen sharply since late July. It was trading at $5.64 on July 21. Polkadot (DOT) then fell by 7.9% to $5.19 on July 26. Its bearish woes continued as it fell by 3.2% to $5.02 on August 3. Polkadot (DOT) remained in that range before rising by 5.9% to $5.05 on August 9. As of August 13, Polkadot (DOT) is trading at $5.03.
Polkadot’s (DOT) price drop came amid its rising staking activity. Its Total Value Locked (TVL) and the number of DOT tokens staked have also been on a consistent increase since July.
Some investors expect Polkadot’s (DOT) rising staking activity to propel a 37.7% increase to $6.93. However, bears say Polkadot (DOT) will fall by 14.7% to $4.29 due to competition from Ethereum and Solana.
VC Spectra (SPCT): Empowering Easy-Approach Investing in the Crypto Industry
Through its real-world utility and investing approach, VC Spectra (SPCT) is empowering new and old investors to gain access to blockchain-based projects with ease.
VC Spectra (SPCT) is a decentralized investment platform that is native to Bitcoin. Its investment approach includes using decentralized hedge funds and a quality trading marketplace. VC Spectra (SPCT) uses experienced venture capitalists who leverage AI technology when looking for the best investment opportunities available.
VC Spectra (SPCT) has a unique focus on emerging opportunities, so its users enjoy access to investments still unavailable to the general public. It also gives its users voting rights, thus allowing them to have a say in VC Spectra’s (SPCT) investment decisions.
VC Spectra (SPCT) is native to Bitcoin, but investors can also purchase it on Ethereum. It’s in Stage 2 of its public presale, costing $0.011. By the end of its presale, VC Spectra (SPCT) is expected to rise by 627% to $0.08, so investors are invited to join the project early.
Learn more about the VC Spectra’s (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.
