Volatility in the crypto market is one of the challenges beginner cryptocurrency investors should master. Market whims cause profits and losses, as displayed by the price surge in VC Spectra (SPCT) and the drop in Polygon (MATIC) and Polkadot (DOT).
Let’s delve into VC Spectra (SPCT), Polygon (MATIC), and Polkadot (DOT).
Summary
- VC Spectra (SPCT) aims to surpass its 900% ROI promise.
- Polygon (MATIC) investors stay away as price continues to fall.
- Polkadot (DOT) may set a new support level before it recovers.
VC Spectra (SPCT) Rides The Wave Of Volatility To Maintain Uptick
Investors looking for the most unique and best DeFi crypto have VC Spectra (SPCT) to invest in. A decentralized hedge fund, VC Spectra (SPCT) eliminates barriers to investing in private equity, entering the crypto market with a low-price public presale. In addition to its price, the use of AI separates VC Spectra (SPCT) from the other DeFi companies that only focus on DEXs.
Another attractive feature of VC Spectra (SPCT) is that it takes the pooled resources and creates funds to invest in new ICOs, promising tech companies, crypto lending, and staking. These income-earning streams assure investors that they will earn a return. Moreover, VC Spectra (SPCT) employs professionals to advise and manage the fund.
Furthermore, VC Spectra (SPCT) attracts investors with the promise of quarterly dividends, buyback schemes, and voting rights. Additionally, it offers a native currency that facilitates transactions and asset management in the Spectra platform.
So far, VC Spectra’s (SPCT) public presale is in the fifth and final stage. While it is yet to end, early investors have earned an 862.5% a price jump from $0.008 in Stage 1 to $0.077 in Stage 5 of its public presale.
Moreover, it continues to attract new investors with the promise of hitting and surpassingits $0.08 target considering its increased demand and price trajectory.
Can Polygon (MATIC) Recover Its Charm?
On December 20, 2023, Polygon (MATIC) suffered a decline in Polygon MATIC price as a MATIC whale transferred up to 25 million tokens to Coinbase in three transactions. With the large quantities of Polygon (MATIC) available for sale, investors stepped back, causing the price to fall 6% to $0.75 from $0.80 the previous day.
However, Polygon MATIC price recovered slightly, and it gained 26% as the price moved from $0.75 to $0.95 on December 31.
Despite the turnaround, Polygon (MATIC) bears overpowered the bulls, causing the price to fall in the first week of the year. Between January 1 and January 9, 2024, Polygon MATIC price fell 13% from $0.97 to $0.84.
Consequently, market experts consider a bearish sentiment for Polygon (MATIC). Moreover, a fall in daily transactions on the Polygon (MATIC) network causes experts to give a bleak Polygon price projection, showing it may fall to $0.75 by the end of January.
Polkadot (DOT) Falls Despite Positive On-Chain Data
On December 26, 2023, Polkadot (DOT) data from various on-chain analysis platforms showed that Polkadot (DOT) had recorded increases in revenue and daily transactions in December as the market turned bullish. Despite the positive news, Polkadot price fell 4% from $9.22 to $8.81 the following day.
Polkadot (DOT) continued on its downtrend, losing by 5% to trade at $8.36 on December 31. In the first week of 2024, Polkadot (DOT) lost 9% as it moved from $8.20 to $7.47 between January 1 and January 9.
With Polkadot price falling to $7.09 on January 10, market experts consider a bearish sentiment for Polkadot (DOT) and project it will fall to a new support level at $6.5 before Polkadot (DOT) can start rising.