Since the 2022 crypto crisis, the crypto market has faced a slew of regulatory oversight. While the crisis might have dampened investors’ confidence in crypto projects like Ethereum (ETH) and Shiba Inu (SHIB), there is still hope. Sparklo has emerged as a new cryptocurrency project that will use blockchain technology and NFT to transform the precious metals investment industry.
Sparklo (SPRK): buy precious metals using crypto
Sparklo project wants to provide a blockchain-based platform, which seeks to streamline investments in precious metals. Investors will be able to buy fractional shares of these assets as NFTs. Those who buy will receive the precious asset delivered to them by the company.
As part of its push for security, Sparklo will lock the tokens assigned to its team for 1,000 days and lock the platform’s liquidity for 1,000 years. Also, InterFi Network has thoroughly audited Sparklo’s smart contract.
Presently, Sparklo tokens are available at a presale price of just $0.026 each. Interestingly, analysts forecast growth of over 3,000% for Sparklo by the end of 2023. While there are established tokens like Shiba Inu (SHIB) and Ethereum (ETH), Sparklo offers a promising opportunity for investors to diversify their portfolio with tokens that have a huge utility.
Shiba Inu (SHIB) burn rate skyrockets
According to on-chain data, Shiba Inu’s (SHIB) burn rate has skyrocketed by thousands of percent. In the last 24 hours, the Shiba Inu (SHIB) community eliminated 8,862% more Shiba Inu (SHIB) compared to the previous day, removing a total of 50,188,691 meme coins from circulation.
Over the past week, the Shiba Inu (SHIB) community has burned an impressive 3,093,934,362 SHIB coins. On Saturday, the SHIB burn rate saw a remarkable surge of 666%. According to the Shibburn website, a total of 410,642,087,431,967 Shiba Inu meme coins have been burned, leaving 574,308,140,003,340 SHIB still in circulation.
Ethereum’s (ETH) price jumps 0.26%, bullish run coming?
Following the Shapella upgrade, Ethereum (ETH) has been moving sideways and has been unable to break out of its trading range. However, amidst this uncertainty, there is an ascending triangle formation that could potentially benefit traders. Ascending triangles are often associated with bullish breakouts, and it appears that Ethereum (ETH) is preparing for such a move.
Today, Ethereum (ETH) is trading at $1,815.61, a 0.26% increase in price in the past 24 hours. The token’s price has declined by about 0.58% in the last 7 days. Meanwhile, Ethereum’s (ETH) trading volume has increased by 45.90% in the past 24 hours. If Ethereum’s (ETH) price successfully surpasses $1,838, it could trigger a surge in buying pressure.
Find out about the Sprklo (SPRK) presale using the links below:
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