In the days leading up to September 5, 2023, dYdX (DYDX) exhibited potential for bullish movement by appreciating modestly. On the other hand, Aave (AAVE) exhibited a bearish movement by declining significantly. As experts analyze both coins’ contrasting trajectories, VC Spectra (SPCT) emerged as a profitable venture, having raised $2.4 million during its private sale.
But before we explore VC Spectra’s (SPCT) winning trajectory and why it might be a good beginner cryptocurrency, let’s look closely at dYdX and Aave to determine the best altcoins to buy.
dYdX (DYDX) Surges Following Layer 1 Upgrade
On September 4, 2023, dYdX announced that it had been upgraded to a Layer 1 token after a governance proposal vote that concluded with nearly 100% community support. Experts predicted that this news might cause an upsurge in dYdX’s price in the coming days by increasing investors’ interest and confidence in the coin.
These predictions proved to be somewhat true when dYdX surged nominally by 1% from $2.08 to $2.10 between September 4 and 5, 2023. Although dYdX has exhibited potential for a bullish movement following this positive news, experts still haven’t ruled out the possibility of a downtrend in the future.
As of September 5, 2023, some of dYdX’s monthly indicators, especially VWMA 20 and HMA 9, were negative, indicating that the coin might exhibit a bearish movement in the coming days. Interestingly, Aave crypto exhibits a similar scenario.
Aave (AAVE) Struggles Amidst Market Volatility
On August 28, 2023, Aave v3 enabled support for yield-bearing DAI as collateral. Experts predicted that this news might cause Aave’s price to surge by increasing investors’ confidence and the coin’s utility. However, despite these positive predictions, Aave crypto struggled to gain traction.
Following this news, Aave crypto depreciated by 2.8% from $57 to $55.4 between August 28 and September 5, 2023. Investors might attribute the recent downtrend to a broader negative crypto sentiment due to the SEC delaying its decision on Bitcoin and Ethereum ETFs.
However, despite the negative Aave price prediction, experts were skeptical of a continued downtrend. As of September 5, 2023, some of Aave’s monthly technical indicators were positive, signaling that the coin might surge in the future.
While Aave struggles to initiate a bull run, VC Spectra (SPCT) has grown remarkably throughout its presale stages.
VC Spectra (SPCT) Soars to New Heights as Presale Continues
VC Spectra (SPCT) is a decentralized hedge fund focusing on early-stage investments and ICOs. The platform focuses on providing sustainable returns to its users by using creative trading strategies and artificial intelligence.
VC Spectra is committed to sharing its success with its users. Therefore, VC Spectra (SPCT) has allocated a substantial 40% of its investment gains for monthly and quarterly dividends.
The platform also has dedicated funds that are tailored for specific investment markets. For instance, VC Spectra’s (SPCT) Eclipse Opportunity fund invests in early-stage blockchain startups, while the Quantum Ventures fund focuses on things like yield farming. Besides offering its users enticing perks, VC Spectra (SPCT) token holders can access additional rewards such as voting rights and early access to new ICOs.
The SPCT token is a BRC -20 token hardwired with a deflationary burn mechanism meant to preserve its value by reducing supply over time. Apart from providing additional benefits to its token holders, VC Spectra (SPCT) has made tremendous strides throughout its presale stages.
As of September 5, 2023, VC Spectra (SPCT) has progressed to Stage 3 of its presale. This means that if you invest in VC Spectra (SPCT) now, you stand to gain from a 32% surge from $0.025 to $0.033 as the coin progresses to Stage 4 of its presale. This gain is expected to grow to 220% when SPCT reaches $0.08 by the end of its presale.
Find out more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website.
