Despite the introduction of Shibarium, the value of Shiba Inu (SHIB) is falling. Similarly, EOS (EOS) is also experiencing a decline after showing support for its community members amidst allegations of misconduct by Block.one. On the other hand, VC Spectra (SPCT) continues to outpace the well-established projects by offering an expected 220% ROI despite the prevailing bearish market conditions.
Shiba Inu (SHIB) Plummets Amidst Market Volatility
On August 16, 2023, Shiba Inu (SHIB) announced the introduction of Shibarium, a layer-2 blockchain aimed at enhancing the Shiba Inu (SHIB) ecosystem. Shibarium seeks to tackle challenges such as high gas fees and scalability limitations, with a specific focus on metaverse and gaming applications.
However, despite the launch of Shibarium, the price of Shiba Inu (SHIB) did not experience any significant impact. Instead, Shiba Inu (SHIB) continued to decline amidst prevailing market volatility. Between August 16 and August 23, the price of Shiba Inu (SHIB) dropped from $0.000009965 to $0.000008404, marking a loss of approximately 15.67%.
The downward momentum continued up until August 28 when Shiba Inu (SHIB) surged 2.34% to $0.000008237 in light of the Shibarium’s second launch (re-launch).
Several crypto experts attribute Shiba Inu’s (SHIB) decline to its classification as a meme coin. This classification suggests that Shiba Inu (SHIB) lacks robust tokenomics to support its scalability promises and long-term viability, leading to a lack of investor confidence. If the overall market sentiment remains bearish, it is expected that Shiba Inu (SHIB) will continue falling, and vice versa.
EOS (EOS) Rejects Block. one Settlement Offer
On August 8, 2023, the EOS Foundation took to social media to urge the EOS community to reject Block.one’s proposed $22 million settlement. Block. One is the company responsible for the EOS initial coin offering (ICO) that raised $4 billion in 2018.
The EOS Foundation argues that the current settlement offer fails to adequately compensate EOS community members for the losses they suffered as a result of Block. one’s misleading statements and unethical behavior.
Following this announcement, the price of EOS experienced a brief surge, climbing from $0.72 to $0.73. However, EOS has recently been subjected to significant market volatility, with a drop from $0.73 to $0.59, representing a 19.18% decrease between August 9 and August 28.
Many crypto experts predict that if the overall cryptocurrency market remains bearish, similar to SHIB, EOS is likely to continue its downward trend.
VC Spectra’s (SPCT) Expected 220% ROI Allures Investors
Despite the bearish downturn in the market, the public presale of VC Spectra (SPCT) continues to experience remarkable growth, potentially offering an impressive 220% ROI to investors.
This groundbreaking decentralized hedge fund offers a unique range of benefits to its users. VC Spectra (SPCT) rewards its users with quarterly dividends and buybacks, which are derived from the profits generated through its innovative investment strategies. Additionally, users gain access to exclusive initial coin offerings (ICOs) in seed and private sales, as well as voting rights within the platform.
At the heart of this ecosystem lies the VC Spectra token (SPCT), which adheres to the BRC-20 standard. VC Spectra (SPCT) token serves as the primary medium of exchange, facilitating decentralized trading, asset management, and transaction fees on the Spectra platform. By harnessing the robustness and security of the Bitcoin blockchain, the VC Spectra (SPCT) token is designed to be deflationary, gradually reducing the circulating token supply over time through a burn mechanism.
VC Spectra (SPCT) is currently in Stage 3 of its public presale, offering tokens for $0.025. It is worth noting that Stage 1 investors have already experienced an impressive return on investment (ROI) of 212.5%, while Stage 2 investors have enjoyed a notable 127.27% return.
By purchasing VC Spectra (SPCT) tokens at the current price of $0.025, investors have the potential to capitalize on a substantial surge of 220% by the conclusion of the presale when the value of SPCT reaches $0.08.
Learn more about VC Spectra (SPCT) and its presale:
- Buy Presale: https://invest.vcspectra.io/login
- Website: https://vcspectra.io
- Telegram: https://t.me/VCSpectra
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