Tron, Polkadot, and Monero facing stiff competition from VC Spectra

VC Spectra, a decentralized venture capital firm, appears to be fiercely competing with Tron (TRX), Polkadot (DOT), and Monero (XMR).

For this reason, investors are worried about what the price implications are for Tron (TRX), Polkadot (DOT), and Monero (XMR). 

Amid this cautious outlook, VC Spectra’s SPCT is firm and inching higher.

Tron under pressure

TRM Labs’ report alleges that USDT on TRON is used by ISIS, the terrorist organization, and its affiliates.

On July 22, 2023, TRX prices rose, reaching $0.094 before plummeting in subsequent sessions. The coin is trading at $0.076, down 7% in the last week when writing.

Despite this setback, the TRON Network is improving. The platform recently burned 12 million TRX. Analysts say subsequent burns may support TRX prices, a boost considering the low active user base.

Monero trends below critical resistance

In July, XMR prices soared from $134 to $170, buoyed by the interest around Wall Street giants filing for Bitcoin exchange-traded funds (ETFs).

From the weekly chart, XMR prices fell from $170 to around $158 as of Aug. 4. 

Monero has been gaining popularity, mainly as countries compete to develop their central bank digital currencies (CBDCs). The platform’s enhanced ring signatures also provide quick and secure private transactions.

As the network continues improving, XMR may retest $180.

Polkadot facing hurdles

Binance Futures recently discontinued support for DOT as a margin asset in Multi-Asset Mode. This means that users can no longer trade DOT using borrowed funds. Out of this, DOT holders have been adjusting their portfolios to comply with this update.

Following this announcement, DOT prices fell from $5.31 on July 27 to $5.02 on Aug. 4. Trading volumes also shrunk 11% from $106 million to $94 million.

Technical indicators are also bearish on DOT. Analysts predict further losses below $5. 

VC Spectra presale in progress

VC Spectra uses artificial intelligence (AI) and prioritizes its decentralized investment management approach, granting users voting rights and participation in investment decisions.

In Stage 2 of the presale, SPCT prices rose by 37.5%. In Stage 3, the token will list for $0.025, representing a 127.7% increase from the original listing price.

The objective is for SPCT to list for $0.08 at the end of the presale, translating to a 627% for investors who buy the token in Stage 2.

Learn more about VC Spectra (SPCT) and its presale:

Buy presale: https://invest.vcspectra.io/login

Website: https://vcspectra.io   

Telegram: https://t.me/VCSpectra  

Twitter: https://twitter.com/spectravcfund