With the high volatility of the crypto market, investors are looking for more prudent investment innovations that can withstand market downturns while producing high ROIs. Sparklo has been chosen as one of these innovations.
Due to the platform’s unique use cases, many predict that it will outperform all established cryptocurrencies like Ripple (XRP) and Ethereum (ETH).
Sparklo (SPRK): A Blockchain Precious Metals investing Platform
With Sparklo, investors will have the option to invest in precious metals such as gold, silver, and platinum. Sparklo promises to open up access to investment in physical assets by allowing investors to purchase fractions of NFTs backed by the aforementioned precious metals.
Furthermore, Sparklo is attracting investors from the cryptocurrency world with a competitive presale price of $0.019 and an additional 30% bonus which will last until 20th June 2023. Experts have predicted a potential rise of 4,000% of the tokens current price.
Furthermore, the team has also undertaken a smart contract audit with InterFi Network to ensure transparency, which is something many presale initiatives lack, and has locked its liquidity for 100 years. Also the platform has completed its KYC. Many investors have gained confidence in the Sparklo presale and the project as a result of these steps.
Ethereum (ETH)’s Active Deposits Sparks Volatility
The blockchain intelligence firm Santiment reported a recent Ethereum (ETH) milestone in a tweet this morning. According to the article, Ethereum’s active deposits have risen to an 8-month high. Santiment predicts that as a result, Ethereum (ETH) volatility will soon increase, exactly as it occurred during the Merge and FTX crash.
According to the post, 9,193 distinct deposit addresses for Ethereum (ETH) have been spotted on exchanges. This metric has never been higher than it is right now since September 15, 2022.
According to CoinMarketCap, the price of Ethereum (ETH) had dropped by 24 hours as of the time of writing. Ethereum (ETH) was priced at $1,900.06 due to the price drop. When compared to the market leader Bitcoin (BTC), Ethereum (ETH)’s value has fallen by 0.14% during the same period.
In addition to the price’s bad performance, the 24-hour trading volume for Ethereum (ETH) decreased by 21.63%. Due to the decline in trade activity, the amount was about $6.77 billion at the time of publishing.
Ripple (XRP) In Bear Season
In the past seven days of trade, Ripple (XRP) has declined and lost 1.5%. The price appears to be moving toward the crucial support level at 43 cents. This would be Ripple (XRP)’s second attempt at this support, and if buyers don’t return, it may end up being a bearish move.
The primary resistance is a significant distance away at 48 cents. Momentum indicators MACD and RSI are both negative, with the RSI falling below 50 points. The market responded negatively as soon as Ripple (XRP) failed to keep its price over 50 cents in April.
Looking forward, it appears like bears are now in charge of Ripple (XRP)’s price, and a breach of the key support may drive Ripple (XRP) to its next price rejection of 40 cents.
Find out more about the Sparklo presale
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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