While Aave and Avalanche (AVAX) remain juggernauts in decentralized finance (DeFi), both have seen price dips. Meanwhile, another player, VC Spectra (SPCT), has captivated investors with impressive potential.
This new project has gone from raising $2.4 million in a private sale to selling almost 250 million tokens in its ongoing presale.
Discover more later about VC Spectra (SPCT). But first up, the latest developments for Aave and Avalanche (AVAX).
The Aave (AAVE) Community Opens Voting On Proposals To Limit Exposure To CRV
Curve Finance’s (CRV) recent multi-million-dollar exploit revealed the familiar vulnerabilities of DeFi protocols. Hence, Aave’s community is busy voting on proposals to lower their exposure to the CRV token. This is a reaction to the massive borrowing position held by the latter on Aave.
Still, Aave is reeling from its own hack in the Aave Earning Farm, where attackers stole $287,000 of ETH. These exploits partly explain why Aave is in a downtrend, trading at $62.72, 29% lower than the recent $88.05 high.
Despite this, $100 is the minimum target predicted by many forecasters before the year’s end for Aave.
Now let’s look at Avalanche (AVAX), which is also struggling in usage.
Avalanche (AVAX) Launches $50 Million Asset Tokenization Campaign
While Avalanche (AVAX) remains a highly relevant blockchain, the numbers suggest a decline in activity. Data from Artemis shows drops in many fundamentals for Avalanche (AVAX) since July 16, 2023, like daily active addresses, transactions, and total value locked.
The AVAX price correlates with this picture as it’s down 27% from $15.97 to $11.68 since mid-July. Clearly, the blockchain needs an urgent boost in activity, which is why Avalanche AVAX) has recently launched ‘Avalanche Vista.’
This new program will see Avalanche (AVAX) allocate up to $50 million in tokenizing real-world assets, an emerging disruptive trend in crypto. Investors hope this and other initiatives will spur Avalanche’s (AVAX) price, which predictors expect to be worth at least $25 by 2024.
On the subject of disruption, VC Spectra (SPCT) is capitalizing on the unwavering adoption of blockchain and technology to offer unmatched profits.
VC Spectra (SPCT) To Spearhead The Blockchain and Technology Revolution
The ever-growing blockchain and technology industries will get a massive financial boost courtesy of VC Spectra (SPCT). This new decentralized hedge fund will offer seed and Series A funding for emerging start-ups to produce high returns.
An expert team guides the platform through meticulous due diligence to select the best projects for investors, along with advanced trading strategies to manage the risks. VC Spectra (SPCT) also relies on the Ethereum blockchain, offering smart contracts that automate asset management operations without third parties.
This makes VC Spectra (SPCT) transparent and autonomous while putting users at the forefront. The Spectra token (SPCT) incentivizes them further by offering voting rights, extra income from quarterly dividends, and access to discounted pre-ICOs.
Those who bought SPCT in Stage 1 of the presale look forward to 900% gains on their holdings. Still, you can realize a substantial return when buying this token at $0.025 in Stage 2. Once the presale is over, current buyers should expect a 220% profit, as the forecasted price for SPCT then is $0.08.
Here’s your chance to boost your crypto portfolio now and into the future with VC Spectra (SPCT).
Learn more about the VC Spectra presale here:
Disclaimer: This is a paid-for sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.