Cardano’s (ADA) price has suffered despite the launch of Cardano’s Project Catalyst Testnet on August 25. Even when the news of Grayscale winning its case against the SEC came out on August 29, ADA continued its downturn. Amid the chaos, VC Spectra (SPCT) has outpaced ADA to emerge as the best new crypto to invest in. Let’s understand why.
Cardano’s (ADA) Price Continues Dropping Despite On-Chain Growth
In the latest ADA Cardano news, its TVL increased by 10% in Q2 of 2023. Moreover, the total Cardano (ADA) staked on-chain increased to 64.4%. This shows the immense trust in the Cardano ecosystem even though Cardano smart contracts have lagged behind. The dApp interaction on the Cardano (ADA) network also increased by 49% in Q2, according to on-chain data.
However, Cardano (ADA) only witnessed a minor surge after the July 13 SEC vs. XRP verdict. Cardano (ADA) reached $0.361 on July 14, but it failed to sustain those gains.
Despite positive ADA Cardano news, like the partnership announcement with Demeter on August 21, its price has declined. Even the launch of Cardano Catalyst Testnet by IOHK on August 25 failed to push Cardano (ADA) higher.
While it is one of the top altcoins, the Cardano (ADA) price has failed to instill confidence in investors. It is down 26.8% since its July 14 high and is trading at $0.264 on August 31. This is why experts are confident that VC Spectra (SPCT) beat Cardano (ADA) in the crypto race.
VC Spectra (SPCT) Overtakes The Best Altcoins to Emerge as an Investor’s Favorite
Investing in cryptocurrency for beginners can be a daunting task, and they might end up making a loss. This is where the innovative VC Spectra (SPCT) comes in and democratizes access to blockchain investments. It is a decentralized hedge fund, trading, and asset management platform built on the Bitcoin network.
VC Spectra (SPCT) generates profits through investing in blockchain ICO and using advanced trading strategies. Some of the trading strategies used are algorithmic, systematic, market-making, arbitrage, scalping, and swing trading. The VC Spectra (SPCT) users get access to individual DeFi companies or funds managed by experts to invest in. This makes VC Spectra (SPCT) a transparent investment avenue. Along with this, the VC Spectra (SPCT) ecosystem is vast, with its own Marketplace, Terminal, and Prediction Market.
The VC Spectra platform has its native governance token, SPCT. The token adheres to the BRC-20 token standard but can also be purchased as an ERC-20 standard. The VC Spectra platform users earn voting rights, rewards, and dividends based on their SPCT holdings.
The SPCT token can be used to manage assets, trade, and pay network fees on the Spectra platform. The total supply of the VC Spectra (SPCT) token is fixed at 2 billion. But as the token is deflationary, its supply will decrease over time.
VC Spectra is conducting the Stage 3 public presale of the SPCT token at a price of $0.025 per SPCT. As of August 31, the Stage 3 presale is more than 16% completed. When the presales end, VC Spectra (SPCT) will give an ROI of 220% to Stage 3 investors as it reaches $0.08 per token.
Hence, it is evident why experts peg VC Spectra (SPCT) to outpace the top altcoins, including Cardano (ADA).
Learn more about the VC Spectra presale here:
Buy Presale: https://invest.vcspectra.io/login