Uniswap (UNI) and Polkadot (DOT) Lose Momentum as VC Spectra's Presale Stage 2 Witnesses 37.5% Realized Gain
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Amid all the bearish pressure in the financial markets, decentralized hedge fund VC Spectra continues to see widespread investor interest.
As traditional platforms like Uniswap (UNI) and Polkadot (DOT) battle with waning public interest, VC Spectra's SPCT token has seen an impressive 37.5% jump in price from Stage 1 of its public presale.
Let's explore the latest developments with these platforms and examine how VC Spectra (SPCT) keeps managing to go against the trend.
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Uniswap (UNI) has been facing strong bearish pressure lately. While Uniswap's UNI token's price has increased an impressive 12.9% – from $5.4 to $6.1 – since August 4, 2023, it appears to be losing momentum.
Unisawp (UNI) has experienced a sharp 7.5% decline from $6.6 to $6.1 over the last two days – from August 2 to August 4.
Uniswap (UNI) is now struggling to break convincingly above $6.2 but is showing signs of exhaustion, suggesting that a further decline might be likely for Uniswap (UNI).
On July 20, Uniswap (UNI) founder Hayden Adams' Twitter account was hacked, and the attackers posted a scam tweet targeting the account's more than 254,000 followers.
While the tweet was quickly taken down, the incident sheds light on Uniswap's frequent encounters with hackers, raising concerns about the Uniswap (UNI) platform's security.
Polkadot (DOT) struggles to gain bullish momentum, as its price repeatedly fails to break above the $5.6 barrier. Polkadot (DOT) took a massive 8.5% plunge from $5.64 to $5.16 between July 21 and 24 – in just three days.
Polkadot's (DOT) price then traded flat for a few days before resuming its decline to now
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