Fantom and Axie Infinity have recently experienced several disheartening events, such as exploits and a reduction in user base. These events have given the bears control over FTM and AXS price movement.
While the market awaits a comeback from Fantom (FTM) and Axie Infinity (AXS), VC Spectra (SPCT) keeps drawing in more and more users and investors daily, with its forecasted 10x ROI in its ongoing presale.
Fantom (FTM) encounters a series of losses as the ecosystem experiences decline
On July 6, 2023, Multichain Bridge on Fantom Network was exploited for about $120 million. The incident also saw Fantom (FTM) Dex and Spiritswap encounter a significant setback.
According to Spiritswap’s official statement on Discord, the exploit prevented the project from covering essential developmental expenses and key operational wages.
The exploit also saw the total value lock (TVL) of Fantom decline from $195.36 million to $72.32 million between July 6, 2023, and August 9, 2023, signifying a 62.98% decrease in Fantom’s TVL. Furthermore, Fantom (FTM) is trading at $0.24 on August 9, 2023. a 20% decline from its price of $0.30 on July 6, 2023. Experts predict that Fantom will continue its bearish trend, dropping to $0.19 by September 2023.
VC Spectra (SPCT) continues to amaze investors and users
Over the past weeks, VC Spectra (SPCT) has been building momentum through its public presale, proving itself as a unique high-potential investment platform. VC Spectra is a decentralized hedge fund platform that rewards users with quarterly dividends and buybacks from the profits they make from their investments.
VC Spectra makes it possible for people with different financial backgrounds to actively engage in the blockchain ecosystem through its decentralized investment management system.
VC Spectra (SPCT) is in Stage 2 of its public presale and has already begun to generate profits for investors. VC Spectra’s price grew to $0.011 in Stage 2 of the public presale, and Stage 1 investors received a 37.5% ROI. When the SPCT price climbs to $0.025 in Stage 3, the ROI will increase to 127.27%.
SPCT price increase at each presale stage will hit $0.08 per SPCT token by the end of its presale. This represents a 627% ROI for current investors. While those who purchase it in Stage 1 will get a 900% ROI.
Axie Infinity (AXS) encounters a decline in users
On June 22, 2023, Axie Infinity launched its token unlock program of about 3.6 million tokens. This led to a downtrend in AXS’s price as users mounted intense selling pressure on the token. Axie Infinity (AXS) is trading at $5.91 on August 9, 2023, signifying a 0.67% decrease over the past seven days. Also, the trading volume of Axie Infinity has dropped over the past seven days. Currently, Axie Infinity’s trading volume is $39M, signifying a 35.99% decrease from $60.93M as of 7 days ago.
Axie Infinity’s consistent bearish trend has caused the number of its users to reduce drastically, and investors are beginning to quit their positions due to losses.
Data shows 345 new Axie Infinity (AXS) wallet addresses were created on July 21. By August 2, the number of new wallet addresses on Axie Infinity had reduced to 75, signifying a 78.26% decline in Axie Infinity network growth, resulting in a bearish momentum in its price and growth.
To learn more about VC Spectra (SPCT) and its presale, visit:-
Buy presale: https://invest.vcspectra.io/login