Filecoin (FIL) continues to struggle to stabilize, even after the launch of its mining rig. Similarly, Shiba Inu’s (SHIB) value is falling despite the introduction of Shibarium. Meanwhile, VC Spectra (SPCT) is soaring with the potential for significant returns amidst market volatility.

Filecoin (FIL) Struggles to Maintain Stability 

Bitmain, a prominent mining rig manufacturer, recently revealed the launch of a cutting-edge mining rig designed specifically for mining Filecoin (FIL) on August 10, 2023. This new machine boasts an impressive 4,300T per unit and promises immediate earnings for Filecoin (FIL) miners.

However, despite the announcement, Filecoin’s (FIL) stability was minimally affected. The initial price of Filecoin (FIL) started at $4.16 but briefly dipped to $4.09 before recovering to $4.15 within 24 hours. 

Nevertheless, Filecoin (FIL) has continued to experience a decline in its value. Filecoin (FIL) dropped from $4.15 to $3.93, marking a 5.3% drop from August 11 to August 20.

While Filecoin (FIL) undoubtedly possesses a compelling use case, it remains uncertain whether this will lead to positive price momentum in the future.

Shiba Inu (SHIB) Continues to Slide Amidst Market Turbulence

On August 16, 2023, Shiba Inu (SHIB) made an announcement about the introduction of Shibarium, a layer-2 blockchain designed to enhance the Shiba Inu (SHIB) ecosystem. Shibarium aims to address challenges such as high gas fees and scalability limitations and focuses on metaverse and gaming applications.

Despite the launch of Shibarium, the price of Shiba Inu (SHIB) did not experience any significant impact. Instead, Shiba Inu (SHIB) continued to decline due to the prevalent market volatility, dropping from $0.000009965 to $0.000008071 between August 16 and August 21, reflecting a loss of approximately 19.03%.

Several cryptocurrency experts attribute the decline of Shiba Inu (SHIB) to its classification as a meme coin. This implies that Shiba Inu (SHIB) lacks robust tokenomics to support its scalability promises and long-term viability, which consequently hinders investor confidence.

If the overall market sentiment remains bearish, it is expected that Shiba Inu (SHIB) will continue its downward trend.

VC Spectra (SPCT) Soars With An Expected 220% ROI 

Despite the bearish downturn in the market, VC Spectra (SPCT) continues to soar in its public presale, potentially offering an impressive 220% ROI.

This revolutionary decentralized hedge fund offers a unique set of benefits to its users. VC Spectra (SPCT) rewards its users with quarterly dividends and buybacks derived from the profits it generates with its investment strategies. Additionally, users can access fresh ICOs in seed/private sale and voting rights. 

At the core of the ecosystem lies the VC Spectra token (SPCT), which complies with the BRC-20 standard. This token functions as the primary medium of exchange, enabling decentralized trading, asset management, and transaction fees on the Spectra platform. By leveraging the robustness and security of the Bitcoin blockchain, the VC Spectra (SPCT) token is engineered to be deflationary, gradually decreasing token circulation over time through a burn mechanism.

On August 17, VC Spectra (SPCT) witnessed a significant price surge, reaching $0.025. Consequently, Stage 1 investors have already achieved an impressive return of 212.5%, while Stage 2 investors have experienced a notable ROI of 127.27%.

Investors who acquire VC Spectra (SPCT) tokens at the current price of $0.025 have the potential to reap substantial rewards. With the presale nearing its conclusion, there is a projected surge of 220% anticipated, which would propel the token’s value to $0.08. This presents an enticing opportunity for individuals looking to capitalize on the investment.

Learn more about VC Spectra (SPCT) and its 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.