Market Leader: VC Spectra (SPCT) Advances While Gifto (GFT) and Cosmos (ATOM) Decline

The post Market Leader: VC Spectra (SPCT) Advances While Gifto (GFT) and Cosmos (ATOM) Decline appeared first on Coinpedia Fintech News

As VC Spectra (SPCT) continues to march fervently towards its $0.08 target, Gifto (GFT) and Cosmos (ATOM) continue to slump, succumbing to bearish pressure. Gifto struggles to make any gains following its massive crash, while Cosmos (ATOM) keeps falling despite innovative developments within its ecosystem. 

Let’s explore the details to discover why VC Spectra continues to outshine competitors.

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VC Spectra (SPCT) Surges to New Highs

VC Spectra (SPCT) functions as a decentralized hedge fund focusing on investments within the blockchain and technology sectors. Its primary mission is to create significant returns for investors by providing exclusive access to top-tier ICOs and seed/private sales opportunities.

The VC Spectra platform offers users a range of incentives. It includes quarterly dividends, buybacks based on investment profits and participation in private seed sales and ICOs. 

After a successful private seed sale, which raised $2.4 million, and the completion of Stage 1 of its public presale, VC Spectra (SPCT) has progressed to Stage 2. At its current valuation of $0.025, VC Spectra’s SPCT token has experienced a significant increase of 212.5% from its Stage 1 price of $0.008.

Once VC Spectra’s (SPCT) public presale ends, the price per SPCT token will reach $0.08 as it launches on significant exchanges. This presents a remarkable opportunity for a 220% gain for investors who acquire SPCT tokens.

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Gifto (GFT) Can’t Seem to Recover From Massive Dump

Beginning in January 2023, Gifto underwent a resurgence fueled by a $2.5 million investment from Poolz Ventures. As part of its rebranding efforts and expansion, Gifto introduced the GFT token, replacing its previous native token, GTO. This token swap from Ethereum-based GTO to GFT better aligns with Gifto’s new suite of products. 

Gifto’s ambitious revamp is speculated to be the driving force behind its recent massive surge, as GFT shocked the market when it skyrocketed 6,566% within just a couple of days. This move put 50 of Gifto’s (GFT) competitors to dust regarding market cap. 

Starting from a humble $0.03 per token on February 6, 2023, Gifto (GFT) surged as high as $2.00 by February 8. This move catapulted its market cap from $30 million to $2 billion in days. 

Unsurprisingly, GFT’s value has since witnessed a significant decline, currently trading at a mere $0.01 as of August 19th – a mind-boggling 99.5% decline from its peak. Expectedly, analysts project a bleak outlook for Gifto (GFT), giving it little chance of seeing any upside soon.

Cosmos (ATOM) Struggles to Reverse Persistent Decline

The Cosmos-based intelligent contract platform. Neutron secured $10 million in funding in June 2023 through a round led by Binance Labs. This significant funding marked a pivotal moment for Neutron as it embarks on a journey to bolster the Cosmos (ATOM) ecosystem. 

As part of the Cosmos (ATOM) network, Neutron’s mission is to invigorate interest in the Cosmos blockchain ecosystem by spearheading smart contract technology and further cultivating the Atom Economic Zone. While positive, the news did little to spur Cosmos’ (ATOM) falling price.

As a result, Cosmos (ATOM) continues to trend lower, as it has for most of the year. Cosmos (ATOM) fell from its $10.46 price on June 1, 2023, to $7.6 on August 19. This represents a massive decline of 27.3% in less than two months. Analysts predict continued Cosmos (ATOM) decline amid bearish market sentiment. This is attributed to both overall market conditions and a dearth of promising ventures.

Learn 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