Savvy investors are on the constant hunt to look for cryptocurrencies with practical utility and high appeal in the market. With economic data showing slight improvement, crypto investors look forward to the coming months with hope.
Will EOS, Arbitrum (ARB), and VC Spectra (SPCT) dominate the market in the upcoming months? Let’s find out!
EOS Network Upgrades Attract Investors And Users For A Comeback As Top DeFi Platform
Despite the ongoing class action lawsuit against Block.one, EOS continues to develop its ecosystem. A partnership with Coinmarketcap has increased users and TVL for an EOS EVM decentralized exchange as developer funding programs gain momentum.
Furthermore, a recent webinar displayed the benefits of the EOS EVM, which makes the development of Ethereum-based Dapps easier and cheaper by using EOS to pay gas fees.
Starting August 1 to 13, EOS has been on a decline losing 4% of its value as it moved from $0.75 to trade at $0.72 on August 14. This decline aligns with the lawsuit’s expected effects on EOS’s price.
Meanwhile, Block. one’s failure to fulfill its $1 billion promise to EOS has caused further low investor demand and bearish sentiment for EOS.
Consequently, technical analysis indicates that the EOS price decline may persist to a support level of $0.71.However, a positive result on the class action lawsuit may cause a change in its price action.
Arbitrum (ARB) Gains Users In 2023: A Sign Of Things To Come
A recent report showed that Arbitrum (ARB) had doubled its user base in Q2 2023 compared to Q1, reaching 9.5 million active addresses. Further, Arbitrum (ARB) has developed its network enough to attract game developers and DeFi apps.
The Gora network has launched on Arbitrum (ARB), a multi-chain smart contract in Beta it intends to launch in eight weeks.
Following these developments, Arbitrum (ARB) has spiked 0.8% from $1.15 to $1.16 from August 7 to 13. As the new week starts on August 14, Arbitrum (ARB) has fallen 1.7% to trade at $1.14, suggesting that the platform still needs more time to reap the benefits of heightened developer activities on the Arbitrum network.
New projects launching on Arbitrum(ARB) may revive investor appetite and cause a price revamp. Despite its range-bound trading, market experts express a bearish market sentiment for Arbitrum (ARB). The price of Arbitrum (ARB) may hit the $1.0 support by the end of the week.
VC Spectra (SPCT) Price Rise Indicates Its Increasing Dominance In The Market
VC Spectra (SPCT) is a new cryptocurrency platform operating as a decentralized hedge fund to revolutionize the investment landscape. Additionally, VC Spectra (SPCT) promises real-world utility and profit-making potential, causing it to attract investor attention.
At the heart of VC Spectra is the SPCT token. The VC Spectra (SPCT) token enables holders to invest in ICOs, blockchain ventures, and the VC Spectra Fund. Moreover, VC Spectra (SPCT) asset and risk management experts leverage AI to find promising investment opportunities.
VC Spectra’s (SPCT) presale stages have delivered roaring success. Its private presale raised over $2.4 million in seed funding. The VC Spectra (SPCT) public presale has delivered impressive ROI.
The price of VC Spectra (SPCT) tokens increased by 37.5% from $0.008 to the current $0.011 in the second public presale stage. Moreover, it may increase by 127.27% in the next presale stage. The quick acceptance and adoption of VC Spectra (SPCT)
The quick acceptance and adoption of VC Spectra (SPCT)For investors seeking a high-growth crypto investment with practical utility, then VC Spectra (SPCT) is worth considering.
Find out 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
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