Chainlink (LINK) and Aave (AAVE) have succumbed to the crypto bear market despite being stable shortly before. However, sentiment about VC Spectra (SPCT) has remained positive as the public presale proceeds rapidly.
Why is VC Spectra (SPCT) still bullish? Keep reading to find out.
Chainlink (LINK) Whales Make A Massive Move
From August 12 to August 16, the trading activity of large investors on the Chainlink (LINK) protocol increased by almost three times, from 40 to 117 transactions.
Recently, Chainlink (LINK) partnered with the Base layer-2 network on August 8. However, the LINK price remained less than $7.862. So, Chainlink (LINK) whales started buying the dip in the hopes that the integration would spark increased activity and help LINK rebound from what had been a bad few weeks.
However, Chainlink’s (LINK) rebound wasn’t to be. The LINK price started falling on August 15, a day before BTC. On that day, Chainlink (LINK) lost 5%, from $7.414 to $7.039. With the crypto bear market beginning in full swing on August 16, Chainlink (LINK) fell further to $6.753. By August 19, Chainlink (LINK) had lost another 16.8% to rest at $6.163.
From all indications, Chainlink’s price will remain bearish as long as the wider cryptocurrency market remains so.
Aave Earning Farm Attack: AAVE’s Resilience Broken By General Bear Market
Cryptocurrency security firm PeckShield reported a reentrancy attack on Aave Earning Farm on August 9. According to the security firm, approximately $287,000 of Ether was stolen during the attack.
Despite the news, AAVE’s price increased the next day. It took until August 11 for the AAVE price to feel the effect of the news when the price closed at $65.91, a 1.6% decrease from $67.02.
Over the next four days, the AAVE price remained stable, oscillating slightly between $65.91 and $66.49. However, the token lost 3% on August 15. And with the market in complete reverse the next day, AAVE had fallen to $56.03 by August 19. This represents a 15.5% fall since August 9.
Experts predict a short-term bearish sentiment. However, if AAVE gets to $65.88 within the next few days, it could end August above the price at the beginning of August.
Sentiment About VC Spectra (SPCT) Remains Bullish
VC Spectra (SPCT) is a decentralized investment and trading platform that provides users access to invest in promising and profitable Web3 enterprises at an early stage. It promises users a long-term sustainable investment approach, reduced risk, and ethical & responsible investment.
In addition, SPCT leverages the latest technologies and tested trading strategies to ensure users are always in profit. Users can also expect quarterly dividends, exclusive access to pre-ICOs, and voting rights.
Investors are excited about VC Spectra’s potential, which is why the private seed sale round raised $2.4 million, and the public presale is selling out fast.
VC Spectra (SPCT) tokens are currently in Stage 2 of the public presale. The tokens are currently selling at $0.025, up from $0.011 at the beginning of Stage 2 and $0.008 in Stage 1. Someone who buys now will benefit from a 220% surge at the end of presale when the price increases to $0.08.
To learn more about SPCT:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
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