August 25, 2023, marked Lido DAO’s (LDO) release of millions of new tokens into its circulating supply. Meanwhile, by August 28, Pepe (PEPE) lost value as it suffered from falling social engagement metrics. On the other hand, VC Spectra (SPCT) has ignited the interest of investors by garnering a significant $2.4 million in its private sale.
But before we dissect VC Spectra (SPCT), let’s first examine Lido DAO (LDO) and Pepe (PEPE).
Lido DAO (LDO) Set to Unlock Tokens Worth Around $14 Million
The Lido DAO (LDO) token unlock event was set for August 25, 2023, increasing the circulating supply by 8.5 million tokens worth around $14.5 million. There has been speculation that this may trigger a potential rise in selling pressure for Lido DAO (LDO) and cause a considerable price downtick.
And Lido DAO’s (LDO) recent price action follows this speculation. On August 17, Lido DAO (LDO) was priced at $1.7. By August 23, its price had fallen to $1.6, signifying a 5.8% decrease over the week. The momentum further intensified by August 28, dropping by another 1.25%. This decrease also follows the general market downtrend at the moment.
Therefore, considering its recent performance, Lido DAO (LDO) indicates a further potential decline in the coming days. Meanwhile, another project that appears fraught with uncertainty is Pepe.
Pepe’s Social Indicators Fall as PEPE Registers a Price Downtick
According to statistics by ICO Analytics, Pepe had taken center stage in the cryptocurrency discussions on Twitter during July 2023. As per the information published on August 8, Pepe overtook the chatter surrounding even market giants like BTC and ETH during the month.
Interestingly, however, Pepe’s social relevance experienced a significant downturn in the weeks following the end of July. According to data by Santiment, between July 19 and August 21, there was a stark decline of 63.2% in the coin’s social significance.
This decline might be the reason behind Pepe’s recent negative price action. On July 24, Pepe was priced at $0.0000015. Fast-forward to August 28, Pepe’s price had plummeted to $0.0000008606. This reflected a steep 42% dip in value for Pepe over the month.
Considering this dip and Santiment’s recent data, there is no indication that Pepe will recover in value soon. However, in contrast to Pepe (PEPE) and Lido DAO (LDO), VC Spectra (SPCT) is a flourishing project that should be worth your attention.
VC Spectra (SPCT) Astonishes Investors with Exceptional Gains
VC Spectra (SPCT) functions as a decentralized hedge fund. It presents users with buybacks and quarterly dividends generated from the revenues accrued on its investments. This revenue comes from five different funds that VC Spectra (SPCT) has allocated to different markets. These specialized funds help diversify its portfolio and help optimize its risk-to-reward ratio.
The deflationary burn mechanism incorporated into its native token, SPCT, demonstrates VC Spectra’s dedication to sustainability over the long term. This mechanism bolsters the token’s scarcity and should help it establish a healthy and robust ecosystem. This ecosystem is growing as VC Spectra’s (SPCT) presale continues.
At the current Stage 3 of its presale, purchasing VC Spectra (SPCT) tokens at $0.025 should help you gain by a massive 220% by the end of the presale. The token price is projected to hit $0.08 by that time. Additionally, a limited-time offer provides a substantial 25% bonus on all deposits, making this an opportunity you should not miss.
Find out more about the VC Spectra (SPCT) presale here:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
