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Chainlink (LINK) is down in price after a significant surge around July 20, 2023. Similarly, Tron (TRX) is down following a report about Tron’s (TRX) USDT role in terrorism financing.
On the other hand, new innovative projects like VC Spectra seem to be on a good trajectory. VC Spectra (SPCT) raised $2.4 million in its private sale and is currently in Stage 2 of its presale. But before we talk about SPCT in detail, let’s have a brief look at Chainlink (LINK) and Tron’s (TRX) current situation.
Chainlink (LINK) Suffering Losses After Recent Price Surge
Around July 20, Chainlink (LINK) released its cross-chain CCIP protocol. Chainlink’s new protocol went live on major blockchains like Ethereum, Avalanche, and Optimism. Following this release, Chainlink’s price plunged to $8.3. By August 5, Chainlink’s (LINK) price had fallen to $7.2, almost a 13% loss.
In the week leading up to August 5 alone, Chainlink’s price had fallen by around 8% from $7.8.
Overall, LINK seems to be undergoing a price correction after the initial July 20 surge. Therefore, traders might want to avoid Chainlink until the coin recovers.
Tron (TRX) Suffers Losses Following Terrorism Financing Report
After an initial spike on July 22 up to $0.092, Tron (TRX) has dropped around 17% to its August 5 price of $0.076.
This follows TRM Labs publishing a report on the rising presence of cryptocurrency in terrorism-financing activities on July 21, 2023. TRM Labs is a blockchain intelligence platform. This report singles out the Tron based USDT coin as the dominant medium of terrorist financing.
In a similar late June 2023 report, TRM Labs stated that TRX was used in 92% of terrorism financing. This damning report has been followed by Tron’s (TRX) losses during July 2023.
Traders might want to stay away from Tron until the negative spotlight and the losses die down.
Until then, investors can look to better opportunities like VC Spectra (SPCT).
VC Spectra (SPCT) Set to Gain Massively as Stage 2 Presale Continues
VC Spectra is a decentralized hedge fund focusing on early-stage investments like ICOs. VC Spectra (SPCT) uses cutting-edge technology like AI and trading algorithms to find the best investment opportunities. This helps VC Spectra maximize returns while minimizing risks.
As for returns, VC Spectra (SPCT) offers investors dividends on the gains from its investment portfolio. 40% of the gains on SPCT funds are allocated to shareholder dividends.
In addition, VC Spectra’s token price has already shown strong growth during the presale stages. As VC Spectra moves from its current Stage 2 to Stage 3 of the presale, you can expect a 127% surge from $0.011 to $0.025.
VC Spectra is also currently offering a 25% deposit bonus for a limited time during the presale event to attract early investors. With cutting-edge technology, experience in crypto investing, and incentives for early adopters, SPCT aims to make its mark as a leader in decentralized asset management.
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
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