$130M Flows Out of Multichain: Price Prediction for Fantom, Dogecoin, and VC Spectra
As Multichain (MULTI) faces significant drops in its price, it is dealt with yet another blow as a major transaction flows out of Multichain (MULTI). Facing serious threats, Multichain (MULTI) is dropping hard, like Fantom (FTM) and Dogecoin (DOGE). Meanwhile, VC Spectra (SPCT) has raised over $2.4 million in its private presale event. What’s more to these stories? Read on to learn everything about it and then some.
Multichain (MULTI) is in serious jeopardy as it dwindles in weekly charts. Starting on July 3, 2023 in the greens with an opening price of $3.44, Multichain (MULTI) dropped by more than 28% to its lowest low of $2.47 on July 7, 2023.
The drop followed after $130 million were taken out of Multichain (MULTI) abnormally in multiple transactions from July 6 to July 7, 2023. From the lowest of $2.47, Multichain (MULTI) tried to recover the lost market value but faced resistance at the $2.97 level.
Since Multichain (MULTI) lost its support regions of $3, it has been declining, exhausting minor supports, the last of which are $2.5 support levels.
If Multichain (MULTI) drops below $2.5 by the end of this week, the bear market will have a firmer grip. What is more, buyer pressure can send Multichain (MULTI) to lower lows of $2.43 by the end of July.
Fantom (FTM), similar to Multichain (MULTI), does not look like a viable investment choice in July. Starting last week at $0.3214 on July 3, 2023, and dropping by 18.29% to $0.2626 on July 7, 2023, Fantom’s (FTM) price is fluctuating rapidly.
Furthermore, after confirming its trend reversal on July 5, 2023, Fantom (FTM) fell prone to an abnormal fund transfer from the Multichain (MULTI) system amounting to $130 million. Following this FTM incident, the developers issued instructions to revoke smart contracts.
Fantom (FTM) has also been under much pressure because of its failing tech. Furthermore, as the bear market has settled on Fantom (FTM), there is a high chance of Fantom (FTM) dropping below $0.25 within the next week.
Unlike Fantom (FTM), Dogecoin (DOGE) is not yet completely locked in a bear market. Dogecoin (DOGE) holds above its $0.065 support level. However, Dogecoin (DOGE) suffered from a decline in market capitalization, which dropped the value of Dogecoin (DOGE) by 9.85% from $0.071 on July 4 to $0.064 on July 7, 2023.
Dogecoin (DOGE) is looking at a decisive point, yet little information is available for a price prediction. The future of Dogecoin (DOGE) depends on external factors, given its nature as a meme coin. A tweet from Elon Musk can send Dogecoin (DOGE) flying high. Likewise, the Meta vs. Twitter lawsuit can send Dogecoin (DOGE) down from its current level of $0.066.
VC Spectra (SPCT) is growing exceptionally fast for a decentralized hedge fund. Why? Because it solves a lifelong issue of asset management.
VC Spectra (SPCT) offers strategic investments in ICOs and other startups on the blockchain. VC Spectra (SPCT) further gives exclusive voting rights to its investors, ensuring their involvement in the blockchain.
Additionally, VC Spectra (SPCT) holders can invest in the VC Spectra fund for further gains. Furthermore, no intermediaries are involved in the VC Spectra (SPCT) blockchain.
The VC Spectra (SPCT) tokens have raised more than $2.4 million in the project’s private presale event. Stage 2 of the public presale is also around the corner, with a 37.5% price hike for token prices to $0.011 from $0.008 in Stage 1.
By the time of launch, VC Spectra (SPCT) will have a token price of $0.08. This increase is a solid 900% surge from its initial cost in Stage 1 and 10x profit for the investors.
Learn more about VC Spectra (SPCT) and its presale: