Amidst negative sentiment in the market, bulls are trying to take over the power as the majority of coin prices remain in the red. Decentraland (MANA) and The Graph (GRT) are in a bearish run. Meanwhile, investors are drawn to VC Spectra (SPCT) due to its notable gains and performance. Let’s see whether MANA and GRT can exit the prevailing negative momentum and catch up to SPCT this 2023!

Decentraland (MANA): Will Bulls Take Over Soon?

On June 4, the US Securities and Exchange Commission declared Decentraland (MANA) unregistered security and filed a legal case. Next, on June 20, 2023, Decentraland (MANA) launched a “game Jam” centered around a Lucid Dream theme. So, June marked the resurgence of Decentraland (MANA) in the headlines.

Taking a broader perspective, Decentraland (MANA) is experiencing a bearish trend, having dropped over 62.50% in the past year. On June 20, Decentraland (MANA) stood at $0.3387. After a couple of months, on August 22, Decentraland (MANA) was still in bear control, trading at $0.3039. Therefore, Decentraland (MANA) has plummeted by 10.27% during the time frame.

However, Decentraland (MANA) experienced a remarkable uptrend in mid-July, producing higher lows and higher highs. But, Decentraland (MANA) failed to maintain uphill for the long run. Analysts predict that Decentraland (MANA) should surpass the $0.4200 mark, and there will be a significant likelihood of a retest at the $0.4450 level if bulls fail to dominate the market.

The Graph (GRT) Loses Its Recent June Gains

The Graph (GRT) completed the final migration from Ethereum Mainnet to Arbitrum on June 4, 2023. The Graph (GRT) has been trying to shift to Arbitrum since 2022, as Arbitrum offers more scalability and low transaction costs. With this pioneering migration, The Graph (GRT) becomes one of the largest Ethereum apps to transition to a layer 2 roll-up. 

After the final migration, The Graph (GRT) experienced a notable surge of 37.69%. On June 14, The Graph (GRT) traded at $0.0983. Just after three weeks, on July 4, The Graph (GRT) soared to $0.1354. 

However, The Graph (GRT) bullish momentum did not last as long as anticipated by the investors. Falling back again, The Graph (GRT) exchanged hands at $0.0919 on August 22, representing a 32.12% dip after the migration. 

Technical analysis suggests that The Graph (GRT) price action indicates a bearish view. Moreover, technical indicators like MACD and RSI point to the continuation of the downtrend. Experts predict that The Graph (GRT) might reach $0.1300 by the year’s end.

Spotlight on VC Spectra (SPCT): Evaluating the Potential of the Coin

VC Spectra (SPCT) is an innovative DeFi project that has taken the world by storm with its unparalleled cutting-edge technologies and substantial gains. One of the most viable options for now, VC Spectra (SPCT), offers the most lucrative investment possibilities in blockchain and promising technology startups. 

Impressively, VC Spectra (SPCT) employs rigorous risk testing with high-tech AI trading systems that allow users to grab quarterly dividends and buybacks from their investment profits. What’s more? VC Spectra (SPCT) has a team of experts that uses arithmetic and systematic trading strategies to evaluate portfolios. Once the projects are selected, VC Spectra (SPCT) offers them to SPCT holders.

After making a remarkable 212.5% surge from Stage 1, VC Spectra (SPCT) is currently experiencing Stage 3 of its presale. Investors can now accumulate VC Spectra (SPCT) tokens at $0.025. 

As the presale ends, investors that will invest now in VC Spectra (SPCT) will receive a mouth-watering 220% ROI on their investment. Adding to the appeal, a 25% deposit bonus remains intact. 

Learn more about the VC Spectra presale:

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

Website: https://vcspectra.io 

Telegram: https://t.me/VCSpectra

Twitter: https://twitter.com/spectravcfund

Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.