Sparklo (SPRK) Eyeing Top 100 Cryptos By Market Cap, Bears Over The Polkadot (DOT) Market

Last Updated:
Sparklo (SPRK) Eyeing Top 100 Cryptos By Market Cap, Bears Over The Polkadot (DOT) Market

Several emerging tokens have been rising to prominence, surpassing old projects like Polkadot (DOT). One such token that analysts believe will soon outperform Polkadot (DOT) is SPRK, the native token of Sparklo. Currently, in the second phase of its token presale, Sparklo aims to revolutionize the precious metals industry by creating a platform where individuals can trade gold and silver with minimal capital requirements.

Sparklo (SPRK): the best marketplace to trade precious metals

Throughout history, investing in the precious metals industry is difficult due to the large capital needed. Consequently, this sector has been accessible to wealthy individuals who possess the necessary funds. However, Sparklo seeks to revolutionize this landscape using NFTs, blockchain technology, and fractionalization. Sparklo’s ultimate goal is to democratize the precious metals industry.

By purchasing the SPRK token, investors will receive an NFT that represents their investment. These NFTs are backed by actual platinum, gold, and silver. Furthermore, Sparklo aims to establish partnerships with jewelry stores, providing investors with direct access to these products at more affordable prices. Sparklo has acquired a KYC application from the Block Audit Report.

This application further strengthens the platform’s credibility and protects user interests. Currently, the SPRK token is priced at just $0.026 per token. However, future projections indicate the potential for an increase to $0.050. Given this promising outlook, now is the best time for investors to buy SPRK.

Polkadot (DOT): bears overrun bulls as they drag prices down

Polkadot (DOT) experienced a downturn today as bearish forces attempted to regain control over its price. On January 1st, 2023, Polkadot (DOT) was trading at $4.37 and then saw an increase to $5.13 on January 11th. However, a gradual shift toward bearish sentiment between March and April pushed the token’s price back down to $5. On the daily chart, Polkadot (DOT) is trading in a sideways trend, forming a red candle.

It is positioned below its 50-day and 200-day Simple Moving Averages (SMA), indicating a bearish sentiment in the short and long term. Various technical indicators for Polkadot (DOT) suggest the possibility of further price decline. Besides, the bears at the $5.42 resistance level continue to exert pressure on Polkadot’s (DOT) price. Presently, Polkadot (DOT) is trading at $5.25 with a 24-hour trading volume of $112,864,847. The token’s price has dropped by about 0.71% in the past 24 hours and 3.00% over the past week.

We definitely believe that Sparklo (SPRK) is a very promising investment opportunity which you should check out below.


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.