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Waning Confidence in PancakeSwap (CAKE)
PancakeSwap (CAKE) has been having a rough ride for a while now. Since PancakeSwap’ (CAKE) price took a significant bearish hit on April 21, dragging it from $3.34 to its current $1.52, the CAKE token has been a sight. This significant 54.49% price decline was marked when PancakeSwap (CAKE) lost momentum.
Despite PancakeSwap’s (CAKE) recent attempt to improve its status by partnering with Google Cloud to enhance trading experiences, PancakeSwap’s (CAKE) price refuses to leave the bearish trend. The price of PancakeSwap (CAKE) continues to move along the $1.4 to $1.5 level and has been at it for the past four weeks.
Yet, its trading volume has increased significantly. PancakeSwap’s (CAKE) trading volume rose from $113.04 million to $377.64 million between January and July, a 234.08% increase.
Yet, based on its price performance since the beginning of the year and market sentiment, experts predict that PancakeSwap (CAKE) will likely continue on its bearish momentum till the end of the year.
Conflux (CFX) Retains Its Bearish Momentum Despite Multiple Collaborations
Conflux (CFX) has been making a name for itself in the world of collaborations. The ‘Chinese Ethereum’ has made several collaborations and partnerships within the last few weeks.
From its collaboration with Mold Finance to its partnerships with Biconomy and Carry Protocol, Conflux (CFX) has been expanding its outreach to better develop its platform. However, the price of Conflux (CFX) seems to be paying zero attention to these collaborations.
Since the beginning of the year, the price of Conflux (CFX) has been straight, moving steadily along the $0.008 to $0.009 price level. With this movement, the future of Conflux (CFX) doesn’t look bright.
Fixated Gaze on Fast Rising VC Spectra (SPCT)
While Conflux (CFX) and PancakeSwap (CAKE) lose face, VC Spectra (SPCT) continues to excite the crypto market as it launches Stage 2 of its presale.
The blockchain industry is beginning to recognize VC Spectra (SPCT) as a dependable platform thanks to its great utility. With its systematic and algorithmic trading techniques, VC Spectra (SPCT) is a viable decentralized hedge fund.
The native VC Spectra (SPCT) token is a BRC-20 standard token used on the Spectra platform for exchange, decentralized trading, asset management, and transaction fees. The deflationary SPCT token is built on the Bitcoin network and has a burn mechanism to limit token circulation.
VC Spectra’s (SPCT) token presale is ongoing and just commenced its Stage 2. With $2.4 million raised in its private presale and 100% successfully completed Stage 1 of its public presale, VC Spectra (SPCT) has captured the crypto community’s attention.
To learn more about VC Spectra (SPCT) and its presale, visit:
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 sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.