dYdX and Avalanche (AVAX) sit on opposite sides of the spectrum at the moment. While the former reasserts itself as a leading decentralized exchange, users have seemingly lost interest in the latter. Still, neither of these projects can compete with the unbeatable edge of VC Spectra (SPCT).
This new DeFi project will soon make waves in crypto. Fortunately, you have the chance to get involved before it does.
Learn more later after uncovering the most pertinent news for dYdX and Avalanche (AVAX).
USDC Stablecoin Issuer Releases Unique Wallet On Avalanche
Circle, the issuer of USDC, has rolled out a unique multiparty computation or MPC wallet on Avalanche (AVAX), as part of the ‘programmable wallets’ series. The company’s mission is to bridge the gap between conventional Internet and blockchain platforms and grow the usage of USDC.
Of course, Avalanche enthusiasts will hope such a feature boosts the AVAX price, which has slid 21% recently from $15.97 to $12.55. Plenty of fundamentals explain the cause behind Avalanche (AVAX)’s decline. Data from Artemis reveals a drop in areas like active addresses, daily transactions, fees, and revenue.
Aside from competition and an overall bear market, no other development explains this ‘dry’ period for Avalanche (AVAX). On the bright side, forecasters show decent prospects for Avalanche (AVAX) by 2024, many of which expect a $30 maximum.
Now let’s look at dYdX, which is doing much better.
dYdX Up Almost 17% Following Proposal To Reduce Token Issuance
While many altcoins face downward pressure, dYdX has been quite resilient over the past few weeks. At the end of July 2023, dYdX’s community proposed to slash rewards for liquidity providers by half.
One of the purposes was to slow down the issuing of the dYdX token, thereby encouraging price appreciation. Three days later, the proposal got a majority vote. Since then, the price of dYdX has reacted accordingly, climbing 17% from $1.89 to $2.23.
Before the voted plan, dYdX had launched its standalone blockchain, dYdX Chain, migrating away from Ethereum.
Overall, the future looks bright, with its price exceeding expectations in 2023. Similarly, VC Spectra (SPCT) is poised for a bullish trend that will easily outpace dYdX and Avalanche (AVAX).
VC Spectra (SPCT) To Excel With Above-Average Returns In Decentralized Asset Management
VC Spectra (SPCT) is here to shake up the asset management industry with a decentralized hedge fund to finance promising blockchain and technology companies. This platform aims to make investing in these markets simpler, autonomous, and cheaper.
VC Spectra (SPCT) recognizes the multi-billion-dollar value of the blockchain and technology industries and wants everyone to capitalize on it regardless of their wealth or background.
VC Spectra (SPCT) uses smart contracts to manage investments, distribute rewards, store funds, and more. Thus, investors are far more empowered to make their own decisions regarding their portfolios and deposit or withdraw their assets at will without intermediaries.
Earlier, we briefly mentioned how dYdX’s community made a game-changing decision. This is the power of decentralized governance, another of VC Spectra’s key elements with the Spectra token (SPCT). SPCT holders get voting rights to influence vital operational decisions. What’s more, SPCT offers quarterly dividends through buybacks and exclusive access to pre-ICOs.
Get SPCT on most Ethereum and Bitcoin wallets for a measly $0.011, anticipated to jump by 127% to $0.025 in Stage 3 of VC Spectra’s in-demand presale. Forecasters are quite bullish that VC Spectra (SPCT) should be worth $0.08 after the presale is finished representing a 7.27x (or 627%) gain for early adopters.
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.