What Does GMX’s 8% Loss Mean This Week? Synthetix (SNX) Surges 34% and Gains Momentum with VC Spectra (SPCT)

The past few days have been intriguing for GMX (GMX), Synthetix (SNX), and VC Spectra (SPCT). GMX has been taking its investors on a downtrend ride since the week began. This bearish movement has left GMX's investors with an 8% loss. While GMX has been incurring losses for its holders, Synthetix (SNX) and VC Spectra (SPCT) have been on a bullish trend, generating profits.

Can SNX and SPCT make up for the GMX investors' losses? Let’s dive into analysis!

>>BUY SPCT TOKENS NOW<<

GMX Investors Lose 8% In Seven Days

GMX began the week on a downward momentum. In a span of seven days, GMX fell by 7.57%, from $55.94 culminating in a low of $51.70 currently.

On July 13, GMX made two proposals to enhance GMX v2 protocol sustainability and incentivize participation. It is proposed that the protocol fees be distributed to GMX stakeholders, GM liquidity providers, and the GMX Treasury. Perhaps this will help boost GMX's market activity and price.

Nevertheless, the rest of the week still doesn't look well for GMX. Experts forecast that GMX would retain its bearish momentum. However, it might make a bullish comeback by August at $55.92.

Synthetic (SNX) In Green While Other Altcoins Trade in Red

Large altcoins like Ripple (XRP), Solana (SOL), and Cardano (ADA) have recently been trading in the red. Synthetix (SNX), on the other hand, has been on a bullish trend. Synthetix's (SNX) price has surged 7% from $2.92 on July 20 to $3.13 on July 21. This represents a total 27.76% increase from Synthetix's (SNX) $2.45 price on July 17.

Synthetix's (SNX) uprise can be linked to Ethereum’s (ETH) latest upgrade, EIP-4844. Due to the upgrade, Layer-2 cryptocurrency projects like Synthetix (SNX) have been expected to rally.

Based on Synthetix's (SNX) performance over the past few days and its price fluctuations since the beginning of the year, market analysts and experts predict that Synthetix (SNX) will retain its bullish momentum. They say that Synthetix (SNX) might get to $3.35 by August 2023.

VC Spectra (SPCT) Impresses Investors with Presale Performance

VC Spectra (SPCT) has impressed crypto investors and experts with its ongoing presale performance. As a community-driven decentralized hedge fund, VC Spectra (SPCT) enables its users to identify market trends and maximize returns from strategic investment plans.

VC Spectra's (SPCT) huge growth potential and extraordinary real-world utility have significantly drawn the attention of the crypto community, making investors partake in its token presale.

VC Spectra's token, SPCT, is built on the Bitcoin blockchain and includes a deflation mechanism that gradually reduces circulation. VC Spectra raised 2.4 million from SPCT's private/seed presale. The Bitcoin-based token has successfully completed Stage 1 of its public presale and is currently at Stage 2.

Currently going for just $0.011 per token, VC Spectra's (SPCT) price is predicted to get to $0.08 by the end of its presale. This implies that investors who partake in Stage 2 of VC Spectra's (SPCT) presale are in for a 627% profit.

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 platform includes third-party opinions. We do not endorse their accuracy. Do your own research(DYOR).

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