VC Spectra sparks interest while SHIB and ATOM fall

Despite the influx of supportive news, Shiba Inu (SHIB) is struggling for stability. Meanwhile, as Cosmos (ATOM) supporters held high hopes for the Sei Network, there were unexpected problems during the launch.

Amid these developments, VC Spectra (SPCT) continues to gain traction.

Shibarium sparks whales’ interest

According to IntoTheBlock data, in the days following the Shibarium relaunch on Aug. 28, there was a 1,173% increase in whale accumulation.

To illustrate, on Aug. 31, an anonymous whale transferred 4.64 trillion SHIB worth nearly $38 million.

Even so, SHIB remains under pressure, posting losses since Aug. 31. Then, the token changed hands at $0.000008129 but fell to $0.000007892 by Sept. 2, a 2.92% decline.

Based on this, SHIB price predictions are not bullish, considering that the token has been under immense selling pressure in recent weeks.

Going forward, SHIB has strong resistance at $0.000008150. Until there is a strong breakout, SHIB forecasts will continue to be bearish.

VC Spectra is bullish

VC Spectra seeks to transform traditional investments, offering a gateway for ordinary investors to access exclusive presales of top decentralized finance (defi) projects.

The platform aims to create a diversified portfolio spanning various sectors in crypto while SPCT holders will receive dividends.

In stage 3, SPCT will be available for $0.025, representing a 212.5% rise from the early presale stages. In stage 4, SPCT prices will increase by 32% to $0.033.

By the end of the presale, SPCT is predicted to reach $0.08, a significant surge from the initial valuation. Factoring in growth expectations, SPCT is being actively explored by investors.

Cosmos: Sei network launch backfires

On Aug. 15, 2023, Sei Network launched. The layer-1 blockchain was meant to be a crucial building block in the broader Cosmos ecosystem.

Sei Network quickly attracted significant attention while ATOM’s trading volumes surged to $240 million, pointing to increasing demand.

Despite the initial optimism surrounding the Sei Network launch, the broader crypto market was bearish, negatively impacting ATOM prices.

Consequently, between Aug. 16 and Sep. 1, ATOM prices cratered from $8.53 to $6.72, a 21.22% decline.

For this reason, most analysts remain bearish on ATOM, expecting the existing bearish sentiment to slow down the Cosmos’ uptrend. 

In the medium term, ATOM has support at $6, but prices may continue to dump in the days ahead.

Find out more about the VC Spectra presale here:

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

Website: https://vcspectra.io  

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund