Pepe (PEPE) recently hit a bearish note that suggests investors are pulling out their funds. Maker (MKR), on the other hand, has failed to maintain momentum leading to doubts about its future. 

Meanwhile, VC Spectra (SPCT) has gained traction since its presale debut. VC Spectra (SPCT) has shown exceptional potential after making a 212.5% increase in Stage 3 of its presale and has investors looking forward to another 220% increase. 

Maker’s (MKR) Soar Crashes: Can it Recovery? 

Maker’s (MKR) price soared recently, following a significant hike in its stablecoin, DAI. On August 6, 2023, Dai’s market capitalization surged by more than $570 million. This temporary increase is known as Enhanced Dai Savings Rate (EDSR). 

The EDSR boosted Maker’s (MKR) price by 4%, from $1,216 to $1,270 between August 6 and August 14, 2023. However, Maker’s (MKR) increase was short-lived. 

Between August 14 and August 17, 2023, Maker (MKR) declined by 14%, falling from $1,270 to $1,087. This is likely due to profit-taking by Maker’s (MKR) investors, who have taken advantage of the recent price surge.

Despite the recent dip, experts are still bullish on Maker (MKR). They believe that the EDSR will continue to drive demand for Dai, which will, in turn, boost the price of Maker (MKR). Some experts are even predicting that Maker (MKR) will reach $1,250 by September 25, 2023.

Pepe (PEPE) Soars Despite FCA’s Memecoin Rules

On July 27, 2023, the Financial Conduct Authority (FCA) published new rules regarding the usage of meme coins. The FCA’s rules prohibit the promotion of meme coins to retail investors. Initially, this didn’t deter investors from buying Pepe (PEPE). However, it looks like FCA’s new rules have started taking effect as Investors are now pulling out funds from Pepe (PEPE). 

On August 17, 2023, Pepe’s (PEPE) price significantly dropped from $0.00000117 to $0.00000103. This represents an 11% decline in less than 24 hours. Whereas Pepe’s (PEPE) trading volume significantly increased from $129.85 million to $156.96 million. The downtrend in Pepe’s (PEPE) price and the uptrend in its trading volume suggest a massive sell-off. 

If the sell-off continues, experts predict that Pepe (PEPE) will decline further, dropping to $0.00000013 by September 2023. 

VC Spectra (SPCT) Performing Exceptional Well in its Presale 

VC Spectra (SPCT) is a decentralized asset management protocol and trading platform that maximizes returns for its investors. The platform is committed to long-term investments and income generation, and it does not require upfront cash. VC Spectra (SPCT) also pays out quarterly dividends to its investors.

VC Spectra’s (SPCT) decentralized trading platform employs advanced algorithmic and systematic trading strategies to execute trades efficiently and profitably. This combination of long-term investment, AI-powered returns maximization, and quarterly dividends makes VC Spectra (SPCT) a unique and attractive investment opportunity. 

VC Spectra (SPCT) is in Stage 2 of its presale, selling at $0.025. This reflects a 212.5% increase from VC Spectra’s (SPCT) initial selling price of $0.008 during Stage 1 of the presale.

Furthermore, VC Spectra (SPCT) has the objective of achieving a value of $0.08 by the end of the presale. This will further generate a 220% increase for old investors and those who invest now! 

Learn more about the VC Spectra presale here: 

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.