A while back, Compound (COMP) and ApeCoin (APE) were among the most famed cryptocurrencies in the market. However, things have since changed. ApeCoin (APE) and Compound (COMP) are increasingly losing their appeal to newer cryptocurrencies.
Most analysts don’t believe Compound (COMP) and ApeCoin (APE) will ever retest their all-time highs. Even the optimistic ones do not believe that ApeCoin (APE) and Compound (COMP) will make new highs even if they retest the last ones.
As attention shifts to new high-potential cryptocurrencies, Sparklo (SPRK) is, one of those analysts are strongly bullish on. Analysts believe Sparklo (SPRK), still in the presale stage, could easily reach the top 100 once it starts trading on exchanges.
Compound (COMP) Price Stagnates As The Competition Takes Over
Compound (COMP) was one of the best cryptocurrencies to buy back in 2019/20. DeFi was the in-thing then, and Compound (COMP) was one of the biggest players.
Things have changed significantly since that time. With multiple hacks exposing the vulnerability of DeFi systems, the appetite for Compound (COMP) and DeFi players has waned.
However, even within the DeFi market, Compound (COMP) has lost its standing to more innovative cryptocurrencies. Investors chasing passive income through yield farming and other aspects of DeFi no longer have to look to Compound (COMP). They have a lot more options to choose from.
New DeFi cryptos have developed better features and have far lower market capitalization than Compound (COMP). This makes them perfect for speculative investing.
One of the new cryptocurrencies that are taking the shine away from Compound (COMP) is Sparklo (SPRK). Besides still being presale crypto, the hype is getting stronger by the day for Sparklo (SPRK).
ApeCoin (APE) Continues To Drop As Investors Look Elsewhere
In early 2022, ApeCoin (APE) was one of the fastest-growing cryptocurrencies in the market. ApeCoin (APE) launched with much hype, but the bear market and internal issues saw it all die down.
At the same time, the NFTs market bubble burst, and investors have simply lost interest in ApeCoin (APE) and other virtual assets offering nothing but speculative value.
While it continues trading among the top 50 cryptocurrencies today, analysts expect new cryptocurrencies to outshine it. Sparklo (SPRK) is already generating more hype than ApeCoin (APE) did when it first hit the market.
Sparklo Elicits Investor Excitement Even Before It Hits Exchanges
Sparklo (SPRK) is one of the new cryptocurrencies that analysts are betting could give the next Shiba Inu-like returns in 2023.
Part of what makes Sparklo (SPRK) interesting is its use case. Sparklo (SPRK) wants to make it easy to invest in precious metals. With Sparklo (SPRK), investors can buy gold, silver, and platinum in tiny fractions.
Investors are also bullish on Sparklo (SPRK) because it is transparent and the price is right. InterFi Network thoroughly audits Sparklo (SPRK)’s smart contract, and there is also a KYC audit. The icing on the cake is that Sparklo (SPRK) is trading at just $0.015.
Buy Presale: https://invest.sparklo.finance
Disclaimer: All information from this press release was provided to Coin Edition by a third party. This website does not endorse, is not liable for, and does not hold control over this content. Coin Edition, this website, directors, officers, and employees are not directly or indirectly responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.