Fantom Traders Are Left Disappointed – Many Are Choosing Aave and VC Spectra To Recover Their Losses

Crypto

Fantom Traders Are Left Disappointed – Many Are Choosing Aave and VC Spectra To Recover Their Losses

Lizza S

July 29, 2023

Disappointment looms among Fantom (FTM) traders as they grapple with losses. However, amidst this predicament, a glimmer of hope emerges in the form of Aave (AAVE) and VC Spectra – favored choices for those seeking to recuperate their financial setbacks. Stick around to find out why investors are shifting from Fantom (FTM) to Aave (AAVE) and VC Spectra (SPCT).

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Table of Contents

Multichain Hack Casts Doubt on Fantom’s (FTM) Future Outlook

Crypto assets on the Fantom (FTM) blockchain suffer a severe devaluation, prompting concern from analysts and investors. The catalyst behind this downturn was the recent Multichain hack, which caused a massive $125 million capital outflow from the Multichain cross-chain router protocol.

Furthermore, the Multichain upheaval disrupted regular trading values, allowing traders to capitalize on price inconsistencies across various markets. One standout example is the USD Coin (USDC), a cryptocurrency tethered to the US dollar’s value. Following the Multichain complications, the value of USDC on Fantom (FTM) witnessed a significant nosedive, plunging to as low as $0.50.

So, it’s no surprise Fantom (FTM) plummeted by 5.3% in the past week, from $0.266 to $0.252. In light of these recent developments, analysts say Fantom’s (FTM) price may drop by 6.7% in the coming weeks, from $0.252 to $0.235.

Let’s unravel how Fantom (FTM) compares to Aave (AAVE).

Aave (AAVE) Exictes Investors With Its Impressive Performance

Aave (AAVE) soared by 26.9% over the past month from $57.3 to $72.7. According to experts, Aave’s (AAVE) bullish momentum is linked to its massive growth in total value locked (TVL) over the past seven months.

Moreover, the Aave community recently voted to decide on implementing a Stability Module (PSM) for the GHO stablecoin. This proposed module ensures GHO’s peg remains stable through innovative features and price strategies.

Furthermore, the GHO Stability Module (GSM) incorporates distinct features tailored to GHO’s specific needs. The proposed GSM includes the “Debt Ceiling” to control exposure to GHO’s backing assets. It also features a “Capital Allocator” for a designated fund manager to allocate and earn yield from exogenous assets within the GSM.

As Aave (AAVE) continues its efforts to uphold effective governance, experts indicate Aave (AAVE) can skyrocket by 25.7% in the coming months, from $72.7 to $91.4. The question remains: Can Aave (AAVE) match VC Spectra (SPCT)?

VC Spectra (SCPT) Proves To Be The Best Choice For Investors

While Aave (AAVE) has demonstrated its functionality, VC Spectra drives innovation in the blockchain space with its cutting-edge technology. The new decentralized asset management protocol offers users buybacks and quarterly dividends tied to their investment earnings. Beyond the financial incentives, VC Spectra users enjoy exclusive access to early-stage blockchain ventures and pre-ICOs.

SPCT also employs AI trading strategies to optimize returns and mitigate possible risks. The platform utilizes a rigorous selection process to evaluate promising investment opportunities and allocates capital based on robust risk-management principles.

Furthermore, VC Spectra’s native token leverages the Bitcoin blockchain and conforms to the BRC-20 standard. It enables seamless exchange, decentralized trading, and asset management on the Spectra platform. SPCT’s deflationary framework incorporates a burn mechanism to decrease token supply, enhancing SPCT value over time.

With its entry into Stage 2 of its public presale, VC Spectra now holds a value of $0.011, showcasing a remarkable 37.5% upswing from its initial price of $0.008.Early investors can expect a remarkable 900% surge in value, while current buyers anticipate a generous 627% return on investment (ROI).