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Cryptocurrencies are struggling to go against the market with little success. Cardano (ADA) and Neo (NEO) are some of the latest top altcoins to encounter hurdles to profitability. On the other hand, VC Spectra (SPCT), unfazed by the market contraction, surges with every new stage of its public presale.
Let’s explore Cardano (ADA), Neo (NEO), and VC Spectra (SPCT) in more detail.
Can Cardano (ADA) Survive The Crypto Market Winter?
Cardano (ADA) is one of the top crypto coins choked by the bearish market. ADA lost 13.5% as its price fell from $0.3075 to $0.2657 in August. It further dropped in September, with ADA reaching $0.2473 by September 12, another 7% loss.
Despite the price drop, ADA Cardano news shows growth in the ecosystem. Last week, ADA experienced a 1,726% rise in on-chain transaction volume compared to January. Additionally, Cardano was the third most developed network in August, indicating that its team is working to attract more users, which can help raise its profile and price in the weak market.
On the other hand, troubling ADA Cardano news indicates that Base, the one-month-old Layer-2 launched by Coinbase, has a higher TVL than Cardano (ADA), which is about six years older. Cardano’s (ADA) TVL stands at $122 million, while Base has amassed $411 million in a month.
Market analysis shows Cardano (ADA) is bearish and trading rangebound. Consequently, the Cardano price prediction shows a likely fall by the end of the week. On the other hand, an upturn may cause it to spike to $0.2600 in September.
Neo (NEO) Seeks To Decouple From The Flailing Market
Neo seems ready to rise above the bearish market with new DeFi projects. Flamingo Finance, operating on the Neo blockchain, saw a rise in price and social media metrics due to a September 6 announcement of its cross-chain integration with Ethereum and Ontology.
The price of NEO has risen 6.1% from $6.94 to $7.36 between September 2 and 7, going against the bearish crypto market and making it a popular crypto to buy.
Further, Neo partnered with OKX to organize the three-month-long, six-city APAC Hackathon with prizes worth over $120,000 and a $1 million grant fund. Neo hopes the hackathon will increase developers and users on its network to boost its price.
While NEO has slightly retraced to $7.07 by September 12, its market analysis shows it is still bullish. The NEO price predictions indicate it will rise to $7.56 in the following week. Meanwhile, a downturn could cause NEO to fall to $7.29.
VC Spectra (SPCT) Impresses Investors With Rising Price
VC Spectra (SPCT) is a decentralized asset management protocol leveraging AI for profitable investment in Web3 and fintech ventures.
Moreover, VC Spectra (SPCT) offers a native token, SPCT, for speedy and cheaper exchange and asset monitoring on the Spectra platform. Furthermore, VC Spectra (SPCT) holders earn monthly dividends, a share of profits from the fund’s investment activity, and have voting rights.
VC Spectra (SPCT) is in its third presale stage at $0.025, representing a 212.5% gain from its initial price of $0.008 and a 127.27% profit earned by investors in the second stage who purchased tokens at $0.011.
Moreover, VC Spectra (SPCT) may rise by 32% to reach $0.033 in the fourth presale stage. Furthermore, Stage 3 investors can earn a 220% profit at the final VC Spectra (SPCT) presale stage when it reaches its listing price of $0.08.
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
