The crypto market is highly unpredictable. Assets could maintain a price rally in a particular direction for a specific period before an unforeseeable event causes it to turn. For this reason, Compound (COMP) and Polygon (MATIC) are working hard to maintain their course.
On the other hand, VC Spectra (SPCT) attracts more investors as it remains a worthwhile investment.
Is The End Near For The Compound (COMP) Upward Surge?
Compound (COMP) has been on an impressive upward rally for 30 days. Compound (COMP) broke the $40 price level as it entered July and has been on a sustained price rise to a high of $84.5 before it started a decline. Investors are worried it could be the beginning of a dump.
However, in the last 24 hours, Compound (COMP) has seen a 5.4% rise in price from a low of $68.56 to the current $72.28.
The price rise is attributable to the announcement that Wrapped Bitcoin (WBTC) is approved as collateral in the Compound (COMP) protocol. The development enhances the Compound (COMP) profile in the DeFi space.
Market experts give a bullish sentiment for Compound (COMP) and predict that it may end July at $80. The current upward price rally has led to a rise in the resistance from 63 to 65, indicating rising demand for Compound (COMP) which may lead to a price rise.
It appears, that Compound (COMP) investors are willing to maintain the buying spree as the price rises.
Is Polygon (MATIC) On The Brink Of A Downward Surge?
The price of Polygon (MATIC) has been on a downward surge for the last week. Will Polygon (MATIC) sustain the upward momentum it had gained before the market correction?
The involvement of Polygon (MATIC) in a project with the Italian Central Bank to expand on regulations and implementation of institutional decentralized finance may make it more attractive to investors. While the project is not commercial, it shows the potential and utility of Polygon (MATIC) in DeFi.
In the last 24 hours of trading, Polygon (MATIC) has experienced a 4.2% price surge from $0.70 to $0.73. Moreover, it experienced a rise in trading volumes as buyers overpowered sellers to break the downward trend it had started.
Experts express a bearish sentiment for Polygon (MATIC). Moreover, technical indicators show that Polygon (MATIC) may experience a price reduction due to the breaking of an ascending trendline. Projections indicate that Polygon (MATIC) may end July at $0.65.
VC Spectra (SPCT) Investors Enjoy Significant Gains
VC Spectra (SPCT) is a decentralized hedge fund using algorithmic and systematic trading strategies to invest in blockchain projects and companies. VC Spectra (SPCT) rewards its users with quarterly dividends and stake buybacks with the surplus it makes.
To join, investors can purchase SPCT, the VC Spectra (SPCT) native token. It is Blockchain-based, and investors can buy it using the Ethereum or Bitcoin network (ERC-20 and BRC-20).
VC Spectra (SPCT) is currently in its second presale stage. There are 92 million tokens for sale at $0.011 before it proceeds to the third presale stage. Investors in VC Spectra (SPCT) get their dividends and buybacks based on the number of tokens they own.
In the next presale stage, the price of VC Spectra (SPCT) will rise 127.27% to $0.025. Moreover, it is projected to list on exchanges at $0.08 after its presales. The projected 627% gain attracts numerous investors.
Overall, VC Spectra (SPCT) is a promising investment with better prospects than Compound (COMP) and Polygon (MATIC).
Find out more about the VC Spectra presale here: