While Maker (MKR) and Aave (AAVE) struggled to grow consistently, VC Spectra (SPCT) leaped the rest with its hallmark presale stages. Moreover, VC Spectra (SPCT) has been gaining traction with an exceptional opportunity for investors to get a 900% surge during its public presale.
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Maker (MKR) Records A Two-Year High of $165 Million Revenue
As per the report published on August 14, 2023, Maker (MKR) recorded an incredible milestone. The Maker (MKR) protocol annualized revenue hit a two-year high of $165.4 million. The main reason triggering Maker’s (MKR) revenue is the increment in DAI supply.
In just one week, the DAI Savings Rate (DSR) experienced a staggering four-fold increase in deposits, soaring from $340 million to $1.3 billion. However, the Maker (MKR) price is going downhill after a 39.67% surge in the past 30 days.
On August 15, Maker (MKR) was trading at $1,232.29, reflecting a noticeable decline of 2.20% compared to its value on August 14. Also, Maker’s (MKR) trading volume is down to $61.7 million, plummeting by 19.37% in the same time frame.
Technical analysis suggests that Maker’s (MKR) price is taking resistance, and an influx of selling volume could push the price down, potentially reaching Maker’s (MKR) new lows.
Aave (AAVE) Is To Conduct Vote on The Celo Integration
AAVE is likely to conclude the temperature check vote on August 17, 2023. With the AAVE community preparing for an innovative collaboration with Celo, there’s a noticeable surge in positive sentiment within the community. This vote aims to assess the community’s perspective regarding the implementation of AAVE V3 on the Celo blockchain.
With the deployment of AAVE v3 to Celo, 0.5% of the circulating CELO supply will be outlined for allocation to incentivize AAVE users to support Celo’s growth endeavors. However, AAVE’s price has disappointed its community with continuous downfall. On August 15, AAVE was trading at $65.20, marking a 1.07% decline since the announcement of voting on August 14.
Despite AAVE facing a bearish run, AAVE holders are optimistic about its price hike after integration with Celo. But, as of now, technical indicators suggest AAVE is in a consolidation phase. AAVE’s RSI and moving average convergence indicate sideways momentum for a while. Experts predict that AAVE price might insist on recovery up to the $100 level by the end of the year.
Pioneering Fintech Innovation with VC Spectra (SPCT)
As a trailblazer in the fintech and blockchain landscape, VC Spectra (SPCT) is redefining the future of finance through cutting-edge solutions and revolutionary approaches. VC Spectra (SPCT) is a decentralized hedge fund and asset management protocol.
With a commitment to pushing the boundaries of what’s possible, VC Spectra (SPCT) leverages AI and advanced algorithmic and systematic trading strategies to identify promising blockchain ventures during the ICO phase and emerging fintech enterprises. VC Spectra (SPCT) only solely supports ventures that uphold its core principles of sustainability, transparency, and social responsibility.
But that’s not it! VC Spectra (SPCT) is so much more when it comes to securing investors with ensuring minimal risks and maximum gains. By harnessing the power of its native token, SPCT, built on the Bitcoin blockchain, unlocks exclusive benefits.
For investors who haven’t purchased VC Spectra (SPCT), now is the best time to do so. VC Spectra (SPCT) is currently experiencing Stage 2 of its presale, selling its token at $0.025. VC Spectra (SPCT) price was trading at $0.011 in Stage 2. This price jump will amass a 127.27% surge from Stage 2. Seize the opportunity to invest at this stage and enjoy an extra 25% bonus on all deposits.
Learn more about the VC Spectra presale:
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