Chainlink (LINK) is losing ground after a month of overall gains leading up to July 29. At the same time, Dogecoin (DOGE) continues to enjoy positive price action because of its long-term friend, Elon Musk. Similarly, VC Spectra (SPCT) is on a high-performance path after raising $2.4 million in its private sale.
Will VC Spectra (SPCT) be able to beat Dogecoin (DOGE) and Chainlink (LINK)? Let’s find out.
Chainlink (LINK) Starts to Lose Momentum after a Month of Gains
Around the start of July, the Bank of America published a report mentioning Chainlink (LINK). The report had positive things to say about Chainlink’s role in the future. This gave Chainlink (LINK) good press from quite a notable source like the Bank, helping it gain price.
Following this praise on June 29, Chainlink (LINK) gained 26% of the price from the following month until July 29. Chainlink (LINK) started the month at around $5.8 and ended at $7.8.
On July 20, the trading volume for Chainlink (LINK) witnessed a massive surge to $580 million. This shadowed the massive Chainlink (LINK) price hike on the same day.
But more recently, Chainlink (LINK) has been losing momentum. Chainlink (LINK) has lost around 5% of its value, from $8.2 to $7.8, in the week leading up to July 29.
Overall, Chainlink (LINK) is losing support. Investors may be better off investing in other coins than Chainlink (LINK) for the moment.
Is Dogecoin (DOGE) a better opportunity, then? Let’s look into it.
Dogecoin (DOGE) Enjoys a High Wave But May Fall Off Soon
On July 24, Twitter underwent a massive rebranding to ‘X.’ The new Twitter app is supposed to be the start of Elon Musk’s “Everything App,” a global version of China’s We Chat Super app. And according to some rumors, Dogecoin (DOGE) might have a big role to play in the upcoming new super app.
This has given Dogecoin (DOGE) a newfound momentum, giving it high trading volumes not seen since April 2023. During the month ended July 29, Dogecoin (DOGE) rose by 24% from $0.063 to $0.078. Similarly, during the week ended July 29, Dogecoin (DOGE) was up by 8% from $0.072 to $0.078.
But investors might be wary of Dogecoin (DOGE), suspecting that the temporary high from Twitter’s rumors might soon wane as the coin may soon fall.
But is that the case with VC Spectra (SPCT) as well?
VC Spectra (SPCT) Expects Massive Gains Following $2.4 Million Private Sale
VC Spectra (SPCT) is a new decentralized hedge fund with a keen eye for early-stage investments like ICOs. Using modern tools like AI and trading strategies, VC Spectra (SPCT) picks from the best of the bunch of possible investment opportunities. This helps VC Spectra (SPCT) maximize returns while minimizing risks.
And as far as returns go, you benefit from VC Spectra (SPCT) in two ways. First, you get quarterly and monthly dividends from the gains that VC Spectra (SPCT) enjoys from its investments. 40% of the VC Spectra (SPCT) funds’ gains are allocated for shareholder dividends.
The other way to get returns from VC Spectra (SPCT) is plain old price appreciation. During VC Spectra’s transition to Stage 2 of the presale, it registered a 37.5% gain in price from $0.008 to $0.011. As VC Spectra (SPCT) moves from its current Stage 2 to Stage 3 of the presale, you can expect a 127% surge from $0.011 to $0.025.
And on top of all that, if you invest in VC Spectra (SPCT) now, you can benefit from a limited-time offer of a 25% bonus on all deposits.
Find out more about the VC Spectra (SPCT) 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.