Flow Posts a Solid Week of Gains – Here’s Why Investors May Still Look at Avalanche (AVAX) and VC Spectra (SPCT)
FLOW printed a modest gain of 6.09% week-to-date from its Saturday closing price of $0.608 to its prevailing price of $0.645 as of Thursday. Meanwhile, Avalanche (AVAX) booked a remarkable 173.1% revenue growth in the second quarter of 2023. Topping that good news is VC Spectra’s (SPCT) success in raising $2.4 million from the private seed sale in less than four weeks. Plus, it has entered Stage 2 of its public presale, granting early investors 37.5% returns.
Let’s find out which one is your better vet in these three good investment options.
How Flow Hacked Its Way to the Bulls’ Territory During the Hackathon Month
FLOW published on its website that its Flow to the Future hackathon was held from June 15 to July 15. The event’s goal is to allow developers to discover the power of Cadence, FLOW’s native programming language. The event also aims to find talents that will be invited to the Flow Incubation Program.
During the said period, it was observed that FLOW established its support near $0.450 and changed its direction when it hit that area. From FLOW’s closing price of $0.457 on June 14 to its intraday high of $0.811 on July 3, FLOW tallied an impressive 77.46% surge.
However, profit-taking prevailed on July 3 near the $0.726 territory. As of this time of writing, FLOW trades at $0.641 per token, still a satisfying 40.26% positive change before the start of the hackathon.
Regardless of whether it’s a correlation or causation, the hackathon month turned into a marathon of trade prices going in the northward direction. It’s hard to think of any “race” participants who regretted joining the rally.
Avalanche (AVAX): The Only Avalanche That Moves From the Bottom To Top
Avalanche (AVAX) backs up its higher-than-expected quarter-on-quarter revenue growth for 2Q 2013 with its new subnets similar to Evergreen Subnets and Spruce. But as the adage says, “You cannot have it all.” Avalanche’s (AVAX) NFT suffered a 38.3% decline in secondary sales volume and 49.8% in the number of unique NFT buyers for 2Q 2013.
Despite a battered NFT sector, Avalanche (AVAX) progressed by 25.18% within the period we analyzed for FLOW. Avalanche (AVAX) ended June 14 at $11.40 (-3.47%) and AVAX is currently traded at $14.27 per token.
Avalanche’s (AVAX) support sits near $11.30, while resistance is pegged at $14.85. With the current price slowly approaching the resistance territory, Avalanche (AVAX) investors must pay close attention to their respective trailing stop relative to their risk tolerance percentage.
When the Spectacular VC Spectra (SPCT) Sparks Investor’s Delight
Investors have become wiser. Gone are the days when you could get someone to invest in you for anything – even without a case study. VC Spectra wants its investors to have peace of mind by employing extensive risk management strategies.
VC Spectra (SPCT) diversifies its portfolio by investing in a wide array of cryptocurrencies that project a high reward-to-risk ratio relative to its proprietary algorithms. VC Spectra (SPCT) also applies hedging techniques by taking a short position in a token likely to decline and having a long position in another token likely to go bullish. Diversification and hedging are two of the many ways of VC Spectra (SPCT) to protect its investors’ money from unbearable losses.
Once VC Spectra (SPCT) completes Stage 2, launched on July 19, the price of one VC Spectra (SPCT) token will jump from $0.011 to $0.025. Thereby, Stage 2 investors can expect a yield of 127.27% once VC Spectra (SPCT) enters Stage 3.
Unveil more details on the VC Spectra (SPCT) presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund