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When To Sell Filecoin (FIL)? Maker (MKR) and VC Spectra (SPCT) Hint at Further Price Upside

Recent weeks have seen notable price gains for Filecoin (FIL), Maker (MKR), and VC Spectra (SPCT). Although all three have established a reputation as significant cryptocurrencies, VC Spectra (SPCT) is the most promising alternative.

VC Spectra (SPCT) raised $2.4 million during its private seed sale, and investors are currently making a beeline to purchase SPCT tokens. Do crypto traders think VC Spectra (SPCT) is a more promising investment than Filecoin (FIL) and Maker (MKR)? Let’s find out!

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Will The Filecoin (FIL) $5 Resistance Present An Opportunity For Short Selling?

Filecoin’s (FIL) price in the first week of July 2023 was $4.73. As of July 25, 2023, the price has decreased to $4.50, indicating a decline of 4.9%.

In contrast, Filecoin’s (FIL) storage utilization experienced a 7% increase during the second quarter of 2023. The revenue generated in the same quarter was over $11 million, representing a 40% decrease compared to the previous year. Surprisingly, Filecoin’s (FIL) market performance has yet to reflect this growth.

Nevertheless, a recurring resistance at the $5 price level has hindered progress. Filecoin (FIL) has encountered two instances of price rejections at the hurdle, rendering it a potential entry point for short selling.

Bullish analysts believe that Filecoin (FIL) might end the year trading at $5, given that network use is increasing. However, bearish analysts predict that Filecoin’s (FIL) recent surge will be brief and that the token will decline to $3.25.

Maker (MKR) Remains One of the Top Gainers in July 2023

Maker (MKR) experienced a significant price increase from July 15 to July 22, reaching its highest in almost a year. As of July 25, 2023, Maker’s (MKR) price is $1,140, indicating a remarkable 9% surge within 24 hours.

Three additional reasons suggest Maker (MKR) has the potential for further price appreciation.

  • In mid-May, MakerDAO, the decentralized autonomous organization (DAO) introduced a five-phase roadmap.
  • Major players in the cryptocurrency market have recently made significant deposits, swaps, and accumulations of Maker (MKR) tokens.
  • The recent implementation of a token buyback program by MakerDAO resulted in a 28% increase in the value of Maker (MKR).

The buyback scheme boosted confidence in Maker (MKR), attracting short-term traders and long-term investors to capitalize on the token’s positive market trend.

The sentiment among Maker’s (MKR) is bullish, with analysts forecasting a potential price increase to $1,208 within the next 10 days.

VC Spectra (SPCT) Provides Expansion Potential in Innovative Investment

VC Spectra (SPCT) is a groundbreaking decentralized fund and trading platform for asset management. The investment team at VC Spectra (SPCT) uses a rigorous selection method to find promising blockchain and tech ventures.

Furthermore, VC Spectra (SPCT) utilizes artificial intelligence to maximize returns while minimizing losses. In addition, the platform leverages cutting-edge algorithmic and systematic trading tactics, which result in very profitable trade execution.

VC Spectra token SPCT is a BRC-20 token used for exchange, decentralized trading, asset management, and transaction fees.

VC Spectra (SPCT) demonstrated its strong potential to early investors by raising over $2.4 million in just two weeks during the private presale. On July 19, 2023, VC Spectra (SPCT) advanced from Stage 1 to Stage 2 of its public presale, resulting in a 37.5% ROI.

VC Spectra’s (SPCT) Stage 2 public presale tokens are selling at $0.011. Investors in the presale will receive a 25% bonus and a 627% ROI on their deposits.

Additionally, early adopters can expect a $0.025 price increase during the Stage 3 presale, with additional advantages.

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