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Fantom and Axie Infinity have lately skilled a number of disheartening occasions, similar to exploits and a discount in person base. These occasions have given the bears management over FTM and AXS worth motion.
Whereas the market awaits a comeback from Fantom (FTM) and Axie Infinity (AXS), VC Spectra (SPCT) retains drawing in increasingly customers and traders each day, with its forecasted 10x ROI in its ongoing presale.
Fantom (FTM) encounters a collection of losses because the ecosystem experiences decline
On July 6, 2023, Multichain Bridge on Fantom Community was exploited for about $120 million. The incident additionally noticed Fantom (FTM) Dex and Spiritswap encounter a big setback.
Based on Spiritswap’s official assertion on Discord, the exploit prevented the venture from protecting important developmental bills and key operational wages.
The exploit additionally noticed the whole worth 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% lower in Fantom’s TVL. Moreover, Fantom (FTM) is buying and selling at $0.24 on August 9, 2023. a 20% decline from its worth of $0.30 on July 6, 2023. Specialists predict that Fantom will proceed its bearish development, dropping to $0.19 by September 2023.
VC Spectra (SPCT) continues to amaze traders and customers
Over the previous weeks, VC Spectra (SPCT) has been constructing momentum via its public presale, proving itself as a singular high-potential funding platform. VC Spectra is a decentralized hedge fund platform that rewards customers with quarterly dividends and buybacks from the earnings they make from their investments.
VC Spectra makes it doable for individuals with completely different monetary backgrounds to actively have interaction within the blockchain ecosystem via its decentralized funding administration system.
VC Spectra (SPCT) is in Stage 2 of its public presale and has already begun to generate earnings for traders. VC Spectra’s worth grew to $0.011 in Stage 2 of the general public presale, and Stage 1 traders obtained a 37.5% ROI. When the SPCT worth climbs to $0.025 in Stage 3, the ROI will enhance to 127.27%.
SPCT worth enhance at every presale stage will hit $0.08 per SPCT token by the tip of its presale. This represents a 627% ROI for present traders. Whereas those that buy it in Stage 1 will get a 900% ROI.
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Axie Infinity (AXS) encounters a decline in customers
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 worth as customers mounted intense promoting strain on the token. Axie Infinity (AXS) is buying and selling at $5.91 on August 9, 2023, signifying a 0.67% lower over the previous seven days. Additionally, the buying and selling quantity of Axie Infinity has dropped over the previous seven days. At present, Axie Infinity’s buying and selling quantity is $39M, signifying a 35.99% lower from $60.93M as of seven days in the past.
Axie Infinity’s constant bearish development has brought on the variety of its customers to scale back drastically, and traders are starting to give up their positions attributable to losses.
Knowledge reveals 345 new Axie Infinity (AXS) pockets addresses have been created on July 21. By August 2, the variety of new pockets addresses on Axie Infinity had decreased to 75, signifying a 78.26% decline in Axie Infinity community progress, leading to a bearish momentum in its worth and progress.
To study extra about VC Spectra (SPCT) and its presale, go to:-
Purchase presale: https://make investments.vcspectra.io/login
Web site: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund