Avalanche (AVAX) and Compound (COMP) are at the mercy of a decline in the altcoin market. For these reasons, investors have migrated to greener pastures in VC Spectra (SPCT).
VC Spectra (SPCT) generated $2.4 million in its private sale, raising even more after selling 125 million tokens in the Stage 1 presale.
Find out later what Stage 2 has in store. But first up, the latest for Avalanche (AVAX) and Compound (COMP).
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USDC Issuer Releases Beta Version Of Unique Wallet On Avalanche
Circle, the issuer behind the USDC stablecoin, has released a beta version of a unique multiparty computation wallet. Avalanche (AVAX) is among the first blockchains to test this relatively new wallet technology.
This wallet on Avalanche (AVAX) would allow Web3 and DeFi developers to create customized wallets. While this would increase USDC usage, it should also boost activity on Avalanche (AVAX).
Avalanche’s (AVAX) price has slumped 20% from $15.97 to $12.67, with many of the project’s fundamentals correlating with this downfall. While investors will hope things get better for Avalanche (AVAX), its forecasted prospects suggest a maximum value of $20 by 2024.
Now let’s look at Compound (COMP), which faces more bearish pressure than Avalanche (AVAX).
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Compound (COMP) CEO Resigns To Launch Superstate Trust
Robert Leshner, the founder and ex-CEO of Compound (COMP), recently stepped down to focus on the new Superstate Trust. The latter, which awaits approval from the strict SEC, will create short-term US government bonds using the Ethereum blockchain.
Sadly, Compound (COMP) hasn’t received any other developments since, as its price is down 36% from $87.48 to $55.93. Interestingly, data from Defi Llama shows a steady uptrend in the TVL for Compound (COMP). While this suggests Compound (COMP) is a trusted DeFi platform, it’s still ranked far lower in market cap than other DeFi tokens.
This is one of the reasons Compound (COMP) is unlikely to reach noticeable heights, with most forecasters anticipating no higher than $100 by 2024.
On the other hand, VC Spectra’s (SPCT) potential will far surpass that of Avalanche (AVAX) and Compound (COMP).
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VC Spectra (SPCT): Decentralized Asset Manager For Sustainable Investing In Blockchain and Technology
VC Spectra (SPCT) is a novel decentralized hedge fund that will champion sustainable investing in emerging blockchain and tech companies. This means that the platform will promote a better society and environment while achieving profitable returns.
Such a goal also makes VC Spectra (SPCT) highly transparent, thanks to smart contracts. The latter technology automates functions like handling funds and splitting profits among investors. Therefore, VC Spectra (SPCT) is trustless, a crucial element for any DeFi platform, as users don’t need to rely on third parties.
Still, human intelligence plays a vital role in VC Spectra (SPCT) through its team of experts to select the best projects. Moreover, the platform will apply many sophisticated strategies to lower the risks while maximizing gains.
All you need to get involved with VC Spectra is to own the Spectra token (SPCT). This utility token is the protocol’s medium of exchange and offers added benefits: voting rights, exclusive access to discounted pre-ICOs, and quarterly dividends through buybacks.
You can buy this affordable token for $0.011 on the Bitcoin and Ethereum networks. VC Spectra (SPCT) is far gone in Stage 2 of its in-demand presale, meaning the current price is temporary. Stage 3 will introduce a new price of $0.025, 127% higher than the previous.
Holders will experience even greater potential once VC Spectra (SPCT) goes live. At this point, analysts forecast a 627% gain for the token, equaling a $0.08 price.
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