Pepe (PEPE) and Maker (MKR) have recently faced difficult times. New research from SingularityDAO has suggested that Pepe (PEPE) might have only favored the earliest investors. Meanwhile, Maker (MKR) faces significant backlash over its decision to prevent individuals from accessing its new Spark protocol using a VPN.
In contrast, VC Spectra (SPCT) continues to make headlines as its public presale progresses.
Summary
Pepe (PEPE): Echoes of a Pump and Dump
Trading at $0.0000012 on August 11, 2023, PEPE has fallen a stunning 71.4% from the $0.0000042 high it traded at on May 5. This massive plunge occurred within seven days, from May 5 to May 12, largely due to poor investor sentiment. PEPE has largely traded between $0.0000012 and $0.0000020 since then.
On June 7, 2023, Coindesk reported that most PEPE investors missed out on significant gains as early participants reaped all the rewards, citing research by SingularityDAO.
This revelation comes after over 80% of potential profits were realized within the first week of PEPE’s issuance, with its market capitalization soaring from a mere five figures to $33 million. PEPE prices have now plummeted by over 74% from their peak in May, similar to the infamous “pump and dump” schemes.
Furthermore, “Whales” control up to 25% of PEPE, while other substantial investors hold 46% of the circulating supply, leaving a small portion of traders with significant influence over the coin’s price. PEPE’s lackluster price action suggests little upside potential for the meme coin.
Maker (MKR) Struggles to Maintain Upside
The outlook for Maker (MKR) appears bearish as recent market movements suggest a potential drop in value. Despite its strong position, Maker (MKR) exhibited short-term bearish pressure after falling below the $1,290 mark, and there is a possibility of a further retracement to around $1,037.
Maker’s (MKR) failure to maintain the $1,270-$1,300 support zone and the drop below the recent higher low at $1,283 on August 4 indicate a shift in market sentiment towards bearishness.
MKR’s RSI falling below 50 and the decline in Open Interest highlight a bearish sentiment among MKR speculators. Although there might be short-term trading opportunities, caution is advised due to the uncertainty surrounding the Maker’s (MKR) future performance.
MakerDAO’s Spark Protocol, launched on August 9, 2023, has stirred controversy after implementing a block on users accessing the platform through VPNs. This decision, primarily aimed at restricting United States users’ access, has drawn criticism from the Maker (MKR) community for its perceived attack on privacy.
VC Spectra (SPCT): Presale Continues Surging Post 37.5% ROI
VC Spectra (SPCT) is setting a new standard, offering a strategic gateway for investors to explore the captivating world of cryptocurrency with the promise of remarkable returns.
Safety stands at the forefront of VC Spectra’s (SPCT) agenda, as seen through meticulous screening from teams of venture capitalists and risk managers. VC Spectra (SPCT) combats market manipulation by employing token vesting schedules and lock-up periods.
Furthermore, VC Spectra (SPCT) examines project viability, teams, roadmaps, and portfolio alignment. This approach guarantees that only the most promising opportunities are available to investors.
The VC Spectra (SPCT) token, built on the BRC-20 standard of the Bitcoin blockchain, follows a deflationary design. This concept reduces the total VC Spectra (SPCT) supply over time, potentially driving its value.
In the ongoing public presale at Stage 2, VC Spectra’s (SPCT) price of $0.011 represents a 37.5% increase from its Stage 1 price of $0.008. Investors are in line for another 127.27% surge as Stage 3 will be priced around $0.025.
Investors who join in Stage 2 could realize an impressive 627% gain as the presale aims for a target price of $0.08 per VC Spectra (SPCT) token upon its conclusion.
Learn 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
