As August concludes, Maker (MKR) is rising after announcing a higher interest rate. Likewise, Algorand (ALGO) is finally catching up with the market with a strong recovery. VC Spectra (SPCT) is making headlines as one of the top DeFi projects. If you are looking for the best coins to invest in, these three coins are definitely worth it.
Let’s talk about why VC Spectra (SPCT) is the best cryptocurrency to invest in August as compared to Maker (MKR) and Algorand (ALGO).
Maker (MKR): How Is September Looking For Investors?
Data from Makerburn.com on August 18 reveals that the supply of the DAI stablecoin has soared to its highest point in five months, reaching an impressive 5.35 billion, positively impacting MKR’s price.
Notably, notable figures within the decentralized finance (DeFi) space, including individuals such as Justin Sun and organizations like OlympusDAO, have rushed to capitalize on the increased returns offered by Maker (MKR) deposits.
This influx of users seeking sweetened yields has led to a robust resurgence in the price of Maker (MKR) this week. Having rebounded from its August 25 lows of $991, Maker (MKR) has fully recovered from its decline, trading at $1,073 on August 29.
Considering these recent developments, experts anticipate that Maker (MKR) will likely continue the bullish trend instigated by the events of August 18, which was momentarily disrupted by the Bitcoin crash.
However, contrasting viewpoints are also present among analysts. Some argue that Maker (MKR) is currently displaying a sideways price movement and might experience a decline below $1,000 in the month of September.
Algorand (ALGO) Spent Last Week In Recovery: What’s Next?
Algorand (ALGO) has recently faced a rough patch, and there are a couple of reasons behind it – legal troubles and the unpredictable ups and downs of the market.
It all started when the Securities and Exchange Commission (SEC) labeled Algorand (ALGO) as a security due to some issues with Bittrex on April 17. This caused the price to drop below $0.234, which wasn’t great news for Algorand’s (ALGO) investors.
The trend continued, and on August 17, things got even tougher as BTC crashed. ALGO’s price took a serious hit, going from $0.115 to $0.093 in just one day. Since then, Algorand (ALGO) has struggled to maintain its position.
However, experts predict that Algorand (ALGO) is starting to show signs of recovery as the price has stabilized around $0.1. Supported by technical indicators, a slow but steady rise to $0.150 is expected in September for Algorand (ALGO).
VC Spectra (SPCT) Presale Turns Out To Be A Huge Success
VC Spectra (SPCT) sets itself apart by establishing strong partnerships with risk management teams, delivering substantial value to its investors. The platform offers exclusive access to pre-ICOs, diversified investment portfolios, and enticing incentives, including buyback options and quarterly dividends tied to investment performance.
The platform caters to a diverse range of investors through its comprehensive selection of investment funds. Leveraging its expertise and market insights, VC Spectra (SPCT) is committed to generating sustainable income for its investors.
Operating on the Bitcoin blockchain and adhering to the BRC-20 standard, VC Spectra’s native token, SPCT, enables efficient asset management, decentralized trading, and seamless exchanges.
The token’s deflationary model, achieved through a burn mechanism, systematically reduces token circulation, enhancing the overall value of VC Spectra’s (SPCT) ecosystem.
In Stage 3 of its public presale, VC Spectra (SPCT) is currently trading at $0.025, marking a significant 127.27% increase from its early Stage 2 price of $0.011.
Potential investors in this stage stand to gain a promising 32% ROI before VC Spectra (SPCT) progresses to Stage 4, where the price is projected to rise from $0.025 to $0.033.
Learn more about the VC Spectra (SPCT) presale here:
Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io/
Twitter: https://twitter.com/spectravcfund
Telegram: https://t.me/VCSpectra