ENF is suing Block.one over a failed $1 billion commitment. What does this mean for EOS (EOS) owners? Investors are putting their eggs in Stellar’s (XLM) basket. Will this be enough to make XLM bullish? VC Spectra (SPCT) is on a roll. Why is it the only project rewarding investors? Keep reading to learn the answers.
$1Billion Failed Commitment Pits EOS Against B1
On July 27, 2023, EOS made the decision to file a lawsuit against Block.one for breaking its pledge to invest $1 billion in the ecosystem.
According to Yves La Rose, the CEO of the EOS Network Foundation (ENF), Block.one’s failure to fulfill its pledge to invest in the EOS network has had a significant impact on the community. This is because EOS holders purchased tokens until September 1 in anticipation of the B1 investment into the EOS ecosystem.
The immediate impact of this was a slight 1.2% increase in EOS’s price from $0.743 to $0.752 between July 27 and 29. However, after July 29, EOS remained bearish throughout August, eventually falling to $0.565 on August 18. This represented a 24% dip since July 27.
EOS has regained some ground as of August 21, with the token valued at $0.581. Yet, analysts expect EOS to keep fluctuating between $0.569 and $0.584 for the rest of the week as the token struggles to recover from the bear market.
Is Investors’ Trust In Stellar (XLM) Misplaced?
SEC is refiling the lawsuit against Ripple, and Stellar (XLM) seems to be benefiting from it. After the market nosedived on August 17, Stellar (XLM) led the recovery on August 18.
As of August 17, Stellar (XLM) fell as low as $0.107, the lowest it had been in more than a month. This was also a 21.3% decrease from Stellar’s (XLM) opening price on August 15.
However, by August 19, Stellar (XLM) was trading at $0.120. As of August 21, Stellar (XLM) had gotten to $0.124. This is a 15.9% increase from its lowest point during the bear market.
However, Stellar is still below pre-bear market levels, and analysts expect XLM to drop to $0.120 by August 26, despite investor confidence.
VC Spectra (SPCT) Presale Is A Massive Success Despite Downturn
VC Spectra (SPCT) is changing the way we invest. The platform is democratizing the process, ensuring everyone can participate in the Web3 space.
Profit is the most important reason for investing. And VC Spectra (SPCT) will combine precision in spotting the right projects with technology-enhanced trading strategies to ensure all investors are happy.
VC Spectra (SPCT) will also offer team mentorship and exclusive access to pre-ICOs of promising Web3 enterprises. Moreover, with SPCT, VC Spectra’s native token, you get quarterly dividends, buybacks, and voting rights.
All these amazing offerings are why VC Spectra’s (SPCT) presale is a roaring success. Stage 2 is proceeding quickly, and you can become a part of the VC Spectra (SPCT) protocol by purchasing the tokens at $0.025. This sets you up to benefit from the 220% surge at the end of the presale.
To learn more about VC Spectra (SPCT), visit: