As the cryptocurrency market falls into a consolidation phase, investors are beginning to track projects showing the biggest potential. An emerging name among cryptocurrency investors is Sparklo because it brings a new concept to the blockchain space. On the other hand, Polygon (MATIC) prepares to launch a new decentralized exchange, while EOS (EOS) continues to struggle amidst talks of a lawsuit against its major investors.
Stellar expectations for gold investment platform, Sparklo (SPRK)
As the first blockchain platform to bring gold, silver, and platinum investments to crypto investors, there is a consensus of a stellar future for Sparklo. The platform will allow everyone with as little as $100 to buy and own NFTs backed by gold, silver, and platinum.
Sparklo is built on the Ethereum blockchain and benefits from the security and utility of the platform. So far, the smart contracts of Sparklo have passed an audit conducted by the InterFi Network and the team has also passed its KYC verification.
Sparklo is currently in the second phase of its presale and sells for $0.026. Market experts believe that the potential of Sparklo could see its native token spike by up to 4,000% in one year. The liquidity of Sparklo will be locked for a total of 100 years, ensuring a sustainable future for Sparklo investors.
Mangrove launch DEX on Polygon (MATIC)
Polygon (MATIC) has announced that Mangrove, a decentralized exchange backed by Wintermute and Cumberland has launched on its testnet. According to the announcement, the programmable order book DEX will launch on the Polygon (MATIC) mainnet in early June. Despite the addition of another DEX to the Polygon (MATIC) ecosystem, the price of the crypto has remained unchanged.
Over the last 24 hours, the price of Polygon (MATIC) has dropped by 0.42%, as neither bulls or bears are in full control of the market. Polygon (MATIC) now trades at $0.8705. Bulls will be looking to break out of the month-long bearish market that has seen the price of Polygon (MATIC) fall by 15% in the last 30 days.
EOS (EOS) price continues to fall
EOS (EOS), one of the leading decentralized operating platforms for hosting dApps has continued to suffer internal struggles. The founder of the EOS Network Foundation, Yves La Rose, has called on the users of the EOS (EOS) network to consider taking legal action against one of its biggest investors, Block.one (B1) over broken investment promises.
The struggles have led to the price of EOS (EOS) sliding deeper into bear territory. Over the last 24 hours, the price of EOS (EOS) has dropped by more than 2%, bringing its losses in the last month to 13%. EOS (EOS) is one of the few cryptos to be in bear territory year-to-date when the crypto market is up more than 50%.
Find out about the Sprklo (SPRK) presale using the links below
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