Ethereum (ETH) and Dogecoin (DOGE) Continue To Lose Charm As VC Spectra Becomes Market King

1 August 2023

Ethereum (ETH): Mixed Forecasts Amidst A Bear Market

As of the latest analysis, Ethereum (ETH) shows a bullish trend on the local chart, with the price breaking the resistance at $1,864. However, sharp price movements are not expected for Ethereum (ETH), as most of the Average True Range (ATR) has been exhausted.

Furthermore, a large whale transaction amounting to $16 million recently triggered an uptrend on July 19. The most likely scenario for Ethereum (ETH) is ongoing consolidation around the $1,870 level.

On the daily time frame, Ethereum (ETH) is gathering momentum for a potential upward move. If the price continues to climb and consolidates above the $1,900 mark, there is a chance of further growth toward the $1,940 range in the coming days.

The weekly chart indicates uncertainty, with the rate being far from key levels and falling volume suggesting a lack of clear direction from both bulls and bears. This could result in sideways trading between $1,850 and $1,950 until mid-August.

With these dynamics in mind, investors can closely monitor Ethereum’s (ETH) price action, awaiting decisive signals to steer the market in the upcoming weeks.

Dogecoin (DOGE): Enjoying Its Time Of The Year

Dogecoin (DOGE) is riding a bullish wave, witnessing a consecutive second day of rise, driven by speculations surrounding its potential role on the recently rebranded Twitter “X” platform.

CoinGecko data reveals a 10% surge in Dogecoin’s price within the past 24 hours, reaching over $0.077 on July 25. The trading volumes have also soared, hitting $2.3 billion, with a significant portion originating from South Korea’s UpBit exchange, known for attracting speculative plays with the “Korean won” trading pair and Dogecoin (DOGE).

Market analysts are buzzing with anticipation as they speculate that Twitter’s transformation into “X” could lead to the acceptance of Dogecoin (DOGE) tokens in the coming months, potentially influenced by Elon Musk’s interest in the meme coin.

Musk’s previous decision to allow Dogecoin (DOGE) payments for Tesla products has ignited expectations that his other ventures and holdings may follow suit.

As of July 28, Dogecoin (DOGE) is valued at $0.076, and its ongoing bullish trend, propelled by the possibility of developments on Twitter’s platform, has investors eyeing it as a promising investment opportunity.

VC Spectra (SPCT): Rising High and Catching Up!

VC Spectra (SPCT) is making significant strides in cryptocurrency as a revolutionary decentralized investment management platform. The secure and inclusive approach of VC Spectra (SPCT)) has garnered global attention and opened doors for individuals from diverse financial backgrounds to participate.

VC Spectra (SPCT), powered by blockchain technology, ensures the safety of investors’ assets through exclusive voting rights and having a vote in all proceedings.

Moving forward, the ongoing public presale of VC Spectra (SPCT) tokens has achieved remarkable milestones, while the private presale successfully raised over $2.4 million.

Stage 2 of the presale witnessed a notable surge in the token price to $0.011 from $0.008, delivering a 37.5% ROI. Stage 3 is expected to continue the momentum, with a further rise in token price to $0.025, offering a potential 127.27% increase.

Looking ahead, VC Spectra (SPCT) aims to reach a target price of $0.08 per token, representing an impressive 627% surge compared to the initial Stage 2 price.

Overall, VC Spectra (SPCT) presents a promising investment opportunity with its impressive ROI potential and commitment to a secure and inclusive future of asset management.

Follow these links to learn more about the VC Spectra (SPCT) presale:

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

Website: https://vcspectra.io

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

*This article was paid for Cryptonomist did not write the article or test the platform.