Arbitrum’s (ARB) price movement has failed to invigorate investors’ interest, resulting in users pulling their money from Arbitrum-based decentralized applications (Dapps). Meanwhile, Chainlink (LINK), despite displaying a bullish sentiment, has been trading within the $6 to $8 range for a while now.
On the other hand, VC Spectra (SPCT) is gaining ground while Chainlink (LINK) and Arbitrum (ARB) face price stagnation. The platform successfully raised $2.4 million during its seed/private sale within an astonishingly brief time frame of two weeks, showcasing its remarkable potential.
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Arbitrum (ARB) Updates: Can They Propel An Upward Price Trend?
Arbitrum’s (ARB) price has been stuck between $1.423 and $1.057 for nearly four months, with the only exception being a crash around mid-June. On August 9, 2023, Arbitrum’s (ARB) price bounced between $1.13 and $1.18. The token’s market cap is up by 3.35%, and its trading volume by 23.03% in 24 hours.
Arbitrum (ARB) has also observed growth in the user base. The unique addresses recorded nearly doubled compared to Q1 this year, peaking at 9.5 million users in August.
Besides its high TVL and increased transaction volumes, Arbitrum (ARB) has significantly updated its ecosystem. Namely, Arbitrum (ARB) has enhanced Arbitrum Stylus, leveraging Optimistic Rollup technology to make it more suitable for DeFi projects.
Despite the price stagnation, overall sentiment remains positive, as traders believe in the market’s upward potential. Furthermore, as Arbitrum (ARB) scales its network, experts project the bullish sentiment will propel Arbitrum (ARB) to $1.89 by the end of 2023.
Chainlink’s (LINK) Increased Whale Attention Could Lead to a Price Rebound
Amidst the bulls’ struggle to re-establish an upward trajectory in the markets, Chainlink (LINK) stands out as the leading altcoin with bullish momentum. Chainlink’s (LINK) price on August 9, 2023 was $7.53. The price increased by 2.43% in 24 hours, with trading volume and market cap increasing by 112.55% and 2.24%, respectively.
Chainlink’s (LINK) price has increased by 17% in the last 30 days, all thanks to heightened whale activity. Large Chainlink (LINK) whales and sharks, with holdings ranging from 100K to 10M LINK, have accumulated their highest reserves since December 2022. They acquired over $192.2 million of Chainlink (LINK) in less than a month, as reported on August 8, 2023.
Due to recent developments, projections indicate that Chainlink’s (LINK) price is expected to rebound and reach $10 to $12 by the end of 2023.
VC Spectra’s (SPCT) Growth Stuns Investors
VC Spectra (SPCT) is a decentralized hedge fund that leverages AI technology to find high-potential investment opportunities. Priding itself on democratizing access to investment opportunities, VC Spectra (SPCT) has carved a distinct niche for itself.
VC Spectra (SPCT) extends the availability of early-stage investments to non-accredited investors, bridging a significant market gap. Moreover, VC Spectra (SPCT) provides users with buybacks and quarterly dividends attached to their investment earnings.
VC Spectra’s native token (SPCT) operates on the secure Bitcoin blockchain. As a BRC-20 standard token, SPCT enables asset management, seamless exchange, and decentralized trading.
VC Spectra (SPCT) public presale is in Stage 2, with the price that was at $0.008 during Stage 1 increasing to $0.011. Furthermore, the transition realized a 37.5% ROI. In the upcoming Stage 3, the token price will increase to $0.025, reflecting a 127% increase.
By the end of VC Spectra (SPCT) public presales, the token will trade at $0.08, marking a 627% increase from the current price. Other good news is if you invest in VC Spectra’s (SPCT) Stage 2 now, you get a 25% bonus on deposit.
Learn more about the VC Spectra presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Twitter: https://twitter.com/spectravcfund
Telegram: https://t.me/VCSpectra
Source: https://www.cryptopolitan.com/arbitrum-and-chainlinks-stagnancy-fuels-vc-spectras-growth-a-tale-of-seizing-opportunity/