Filecoin (FIL) is going through bearish momentum, whereas Gala (GALA) is trying its best to make a rebound. Within this uncertain landscape, investors gravitate towards cryptocurrencies with solid growth prospects, such as VC Spectra (SPCT), showing profitability despite the market’s downturn.
Filecoin (FIL) holders haven’t enjoyed much growth in 2023, as Filecoin’s (FIL) price has plummeted by 51.88% since last year.
However, on August 11, 2023, Filecoin’s (FIL) ecosystem unveiled its first-ever FIL Dev Summit event that is set to take place in September 2023 in Singapore and Iceland. This event’s main objective is to unite developers, creators, and enthusiastic community participants eager to play an active role in shaping the core protocol and network evolution of Filecoin.
On the event day, FIL reached a peak of $4.15. Meanwhile, Filecoin (FIL) is trading at $4.11, reflecting a 0.96% drop since the event day. Since August 11, FIL traded as high as $4.17, with a $60 million trading volume on August 14. Despite the event, the Filecoin (FIL) price remained relatively stable.
As seen in the price movement of Filecoin (FIL), its current price rests on a solid support level of $4.1, potentially paving the way for an upward movement. The technical analysis reveals that Filecoin (FIL) is expected to trade at $5.66 if the market outlook remains positive.
On August 2, 2023, Gala tied partnership knots with another major Web3 gaming force, Elixir Games. With this groundbreaking step, GALA will enhance its utility and aims to reach a broader audience and revolutionize the gaming space. Moreover, Elixir Games will host a dedicated node on the GALA network to host weekly gaming nights.
Not only that, this significant approach is expected to positively impact the Gala token price. Gala was trading at $0.02314 on August 2. Currently, Gala is priced at $0.02318, marking a 0.1728% increase since the partnership announcement. This indicates a relatively stable performance for GALA in this timeframe.
Yet, the GALA market cap has increased by 2.88% from $520 million on August 2 to $535 million on August 14. Observing the increase in the market cap of GALA, investors are cautiously optimistic about its growth potential. Experts forecast that Gala prices will likely bump between $0.038 and $0.042.
After marking a remarkable 37.5% jump while transitioning from Stage 1 to Stage 2, VC Spectra (SPCT) has already sold over 90.5 million SPCT tokens from the available 125 million tokens in Stage 2. With these presale milestones, VC Spectra (SPCT) has emerged as a leading performer with striking success.
VC Spectra (SPCT) is a community-driven decentralized trading platform and asset management protocol that aims to maximize promising opportunities in the Fintech and blockchain space. More precisely, VC Spectra (SPCT) uses strategic investments through rigorous tests and minimizes risk and uncertainties.
While VC Spectra (SPCT) primarily focuses on startups and ICOs, users also have the opportunity to receive dividends, buybacks, and vote on decisions. Also, VC Spectra (SPCT) is a deflationary model, implementing a mechanism to steadily diminish the available SPCT token supply.
Currently, VC Spectra (SPCT) is in Stage 2 of its public presale. Investors opting to invest at this stage are bound to get a 627% gain in their investment by the end of the presale. To provide additional incentives, VC Spectra (SPCT) offers a 25% limited-time bonus on all deposits during this stage.
Learn more about the VC Spectra presale:
Buy Presale: https://invest.vcspectra.io/login
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.