Compound (COMP) Underperforms Crypto Market Compared to VC Spectra (SPCT) and The Sandbox (SAND)
The post Compound (COMP) Underperforms Crypto Market Compared to VC Spectra (SPCT) and The Sandbox (SAND) appeared first on Coinpedia Fintech News
Compound’s (COMP) price shows signs of a rally despite clear evidence of a declining momentum, indicating an imminent drop. In the meantime, The Sandbox (SAND) has collaborated with McDonald’s Hong Kong to develop the inaugural Web3 experience platform.
While that’s happening, VC Spectra (SPCT) has a 25% bonus limited offer on any deposit upon joining Stage 2 of the platform’s public presale. The VC Spectra token surged 37.5% of its Stage 1 price to sell at $0.011. Investors entering the presale now will gain 627% ROI at the end of the presale.
Compound’s (COMP) Upward Momentum Is Questionable
Compound (COMP) witnessed a tremendous price surge on July 2 and July 15, at $70 and $76.10 respectively. While the Compound surge appeared normal, a closer evaluation revealed notable signs of a reversal. The Wave Trend indicator beamed a bearish sentiment on July 7 in the overbought region, triggering selling pressure.
However, the Compound’s price continued rising. Despite the sell cue, the upward Compound trend prompted the bearish divergence, a second sell sign. The AO (Awesome Oscillator) and RSI (The Relative Strength Index) set lower highs, while COMP’s price formed a towering high.
The formation, also known as bearish divergence, often leads to a downtrend. The correction perspective of the Compound price depends on various sell signals. The past day has been one of Compound’s most fruitful, with its price rising from $69.4 to $73.34, representing a 5.7% surge. However, the token trades at $72.3, marking a 1.42% drop.
VC Spectra (SPCT) Continues with Its Success
VC Spectra’s (SPCT) Stage 2 public presale is live, and more than 10% of available tokens in Stage 2 have already been sold. The platform is a decentralized hedge fund that utilizes AI. VC Spectra is leading innovation in blockchain and fintech via strategic investments and ICOs. Furthermore, it empowers growth by harnessing state-of-the-art technology.
Sustainability is a core factor in business, and VC Spectra has mastered this art well. The platform has adopted a sustainable development approach to guarantee longevity. Investors can enjoy long-term gains with reduced risk.
VC Spectra token (SPCT) is a BRC-20 standard token used for seamless exchange, asset management, decentralized trading, and transaction fees on the platform. It’s developed on the Bitcoin blockchain and features a deflationary model. Moreover, it has a burn mechanism, reducing token circulation over time.
SPCT sells for $0.011 in Stage 2 of its public presale. However, it is projected to hit its target price of $0.08 once it enters major exchanges. Investors joining the presale now will generate 627% ROI at the end of the presale.
The Sandbox (SAND) in a Historic Collaboration
McDonald’s Hong Kong is working with The Sandbox (SAND) to develop a virtual world meant to celebrate Chicken McNuggets’ 40th anniversary. The experience will thrust users to a virtual store with a secret virtual store. Here, The Sandbox (SAND) users will learn the chicken snack’s history and play to win exciting prizes.
McNuggets Land is a game allowing participants to play it and get a chance to earn a percentage share from The Sandbox’s (SAND) prize pool, estimated to be $44,000.
According to The Sandbox’s (SAND) chief operating officer and co-founder, the collaboration with Mcdonald’s propels the platform to an advanced level. Moreover, it hedges them closer to achieving its mass adoption of the metaverse goal. The past day, The Sandbox (SAND) maintained a $0.44 price. However, The Sandbox (SAND) now trades in the green, rising 2.23% to $0.45.
As an investor, you need to make informed decisions; this is where VC Spectra (SPCT) comes in, leaving Compound (COMP) and The Sandbox (SAND) in the dust.
