The carnage from the prolonged crypto winter appears to be claiming more victims by the day. Among the most affected are Arbitrum (ARB) and Polygon (MATIC), whose future appears uncertain. However, the same cannot be said for VC Spectra (SPCT), whose ingenious presale has crypto investors paying attention.
Let’s explore what has been going on with the three and see what the future might hold for thesetop altcoins: ARB, MATIC, and SPCT.
Summary
- The future appears gloomy for Arbitrum as efforts to revive the price of ARB fail.
- An upcoming testnet offers a glimmer of hope for Polygon (MATIC).
- VC Spectra’s (SPCT) presale performance catches the attention of investors.
Arbitrum Price Struggles As Investors Miss Chance To Claim ARB Tokens
The Arbitrum price is struggling badly as efforts to rejuvenate interest in the project appear to have failed. Recently, Arbitrum (ARB) announced that over 69 million tokens that were airdropped went unclaimed, leading to the project moving the tokens to its treasury.
Airdrops serve as a way to incentivize activity on a project, with investors stacking up tokens to receive a bigger share. In most cases, the price of the token involved reacts positively as more individuals buy the asset. But in this case, the Arbitrum (ARB) price has steadily sunk since mid-April and now sits at record lows.
As of October 23, the Arbitrum price stood at around $0.81, a 55% drop from its April levels. Arbitrum (ARB) faces support at the $0.74 level. However, if the price of Arbitrum (ARB) sinks below that level, it will be in uncharted territory. You have to go back to March 23, when Arbitrum (ARB) was listed on Binance, to see the last time the price was that low.
Polygon Price Prediction: Can MATIC Regain Its Former Glory?
The Polygon MATIC price appears to be struggling in the same manner as Arbitrum. It is on a bearish trend that began on February 28. Since then, the Polygon MATIC price has formed lower lows and lower highs, with the end seemingly not in sight.
As things stand, Polygon (MATIC) is struggling to stay above the $0.53 support level, which has already been breached twice. The bears have momentum and appear to keep pushing the Polygon MATIC price downward. The next major support for Polygon (MATIC) lies at the $0.31 level.
Polygon (MATIC) investors better pray for something to change soon. Otherwise, sad days lie ahead for one of the best altcoins. A quick glance at Polygon (MATIC) news reveals there might be some form of reprieve.
For instance, Polygon (MATIC) plans to launch its Polygon Miden testnet soon, which could bring the altcoin price back to life. For reference, the project describes Polygon Miden as the next game changer for ZK rollups.
VC Spectra (SPCT): Fast-Selling Presale Has Investors Excited
Recently launched VC Spectra (SPCT) has caught the attention of investors thanks to its presale that guarantees gains at all its presale stages. VC Spectra (SPCT) has already entered its fourth presale stage, where each token is going for $0.055.
Investors who bought VC Spectra (SPCT) at the first presale stage when the price was $0.008 have already seen an ROI of over 587%. Meanwhile, those who joined in the second stage have enjoyed 400% ROI, and so on.
For reference, VC Spectra (SPCT) serves as a decentralized asset management and trading tool that simplifies crypto investing and trading. Both its private and public presales have been more than amazing due to the platform’s real-life utility and uniqueness.
Interestingly, AI is utilized to unearth potentially profitable blockchain projects early before crowdfunding them for a share of their future success. The windfall is shared with its VC Spectra (SPCT) token holders. This happens through quarterly dividends that favor investors with the most VC Spectra (SPCT) tokens.
More so, the team behind VC Spectra (SPCT) has no intention of stopping and plans to make SPCT one of the best altcoins. Once the price rises past $0.080, the presale will end, meaning SPCT is to be listed on major exchanges. And the forecasts only get better from there, with the token set to reach new highs in 2024.
Learn more about VC Spectra (SPCT) and its presale:
Buy Presale: https://invest.vcspectra.io/login
Website: https://vcspectra.io
Telegram: https://t.me/VCSpectra
Twitter: https://twitter.com/spectravcfund
Disclaimer: This is a paid-for sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
