Avalanche (AVAX) has experienced a decline in network activity in recent times and this has been reflected in its price. On the other hand, Injective (INJ) is sustaining its bull run and investors are considering INJ tokens in 2023. Ultimately, there is a hot new crypto promising to disrupt the crypto investment space. VC Spectra (SPCT) recently raised $2.4 million in private seed sale and the token is trending in the blockchain industry.
Avalanche (AVAX) Suffers An Ecosystem User Decline
In April 2023, Avalanche (AVAX) users deployed multiple subnets and the network recorded a huge surge in daily active wallet addresses and number of transactions completed.
However, this growth phase was only temporary and Avalanche (AVAX) has been in a steady decline ever since. As of July 8, the daily active wallets on the Avalanche (AVAX) blockchain was 90,500. This figure shows a 33% decline from Avalanche’s (AVAX) daily active wallets in April.
The exit of Avalanche (AVAX) investors and users is also reflected in its daily price. As of July 9, Avalanche (AVAX) was trading at $14.18. Barely 48 hours later, Avalanche (AVAX) is trading at $13.30.
Following these events, analysts are predicting that Avalanche (AVAX) will remain on its bearish trajectory till another major investor inflow occurs.
Injective (INJ) Sustains 30-day Bull Run, Expands Partnerships
Injective (INJ) is a blockchain built exclusively for finance and the DeFi industry. In the last month, Injective (INJ) has added more than 37% to its total value. Injective (INJ) traded at $5.57 on 15 June 2023, and it is currently trading at $8.11 on July 11. Analysts believe that one of the reasons for this sustained Injective (INJ) bull run is its recent Pyth integration.
With the integration of Pyth (a market data/price feed platform), Injective (INJ) users now have complete access to on-chain prices and market data for commodities, currencies, and tradable assets.
Currently, investors are watching to see if Injective (INJ) can move for an even greater price surge and surpass its ATH of $25. Aside from Injective (INJ), another token that investors are researching in 2023 is VC Spectra.
VC Spectra (SPCT) Set to Exceed all Expectations in 2023
VC Spectra (SPCT) is a decentralized hedge fund that aims to drive innovation and development in the blockchain industry through strategic investments. As a VC Spectra (SPCT) holder, you get exclusive access to promising web3 startups, private seed sales, and ICOs before they hit the market.
To ensure consistent returns, VC Spectra (SPCT) uses algorithmic and systematic trading to execute its daily market operations. This way, the hedge fund ensures maximum returns and minimal losses. VC Spectra (SPCT) holders also get quarterly rewards and share in profits from buybacks of profitable blockchain investments.
2023 has been an eventful year for VC Spectra (SPCT). The platform was able to raise $2.4M in its private seed sale, and it is recording high numbers in its first public presale. Right now, VC Spectra (SPCT) has completed 81% of this presale stage, and the token is still selling for $0.008.
When the second presale stage starts, VC Spectra (SPCT) tokens will sell for $0.011, representing a 37.5% increase in price. Soon, VC Spectra (SPCT) will launch fully in the crypto market, and the token is expected to trade for $0.08 when that happens. Consequently, early investors of VC Spectra (SPCT) are set to record a 900% surge in their tokens.
Learn more about the VC Spectra (SPCT) presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund