With the crypto market plagued by underperforming cryptocurrencies, the Sparklo presale has captured investors’ attention.
Its significant room for growth, in addition to its important use cases, has seen it trump Avalanche (AVAX) and Cosmos (ATOM) as a more viable investment.
In this article, we will explain why the Sparklo presale is touted as a better investment by investors.
Sparklo (SPRK): Access to Precious Metals Investment
Sparklo is a project built on innovative use cases, which has led to its acceptance by the crypto community. Its ongoing presale, which costs just $0.017 and a 30% bonus slated to run until May 5th, has resulted in significant participation. Furthermore, as a result of its use cases, the project has been predicted to increase in value by 3,000%, thereby increasing the influx of early adopters.
As a disruptive investment platform, Sparklo aims to provide access to precious metal investments such as gold, silver, and platinum through the purchase of bits of NFTs. The project’s transparency is also inspiring to investors, which already have a successful smart contract audit by InterFi Network, an ongoing KYC audit, and a lifetime of locked liquidity.
Avalanche (AVAX): Impending Token Unlock and Its Impact on Price
Avalanche’s (AVAX) network is planning to unlock a substantial amount of tokens in the coming days. According to reports, about 10 million Avalanche (AVAX) tokens are set to be unlocked on May 28, which will be about 3% of Avalanche’s (AVAX) tokens in circulation at the moment.
The response to this development has been met with bearish concerns, which will likely impact the value of Avalanche (AVAX) negatively. It can be argued that the impending unlock has already had an impact on the price. The selling pressure caused by Avalanche’s (AVAX) consistent and significant token unlock is one of the factors affecting its price.
In the past 24 hours, Avalanche’s (AVAX) current price has experienced a 2.2% decline, which has extended over a longer period, declining by 2% and 5.3% in the past 7 and 30 days, respectively.
Considering these recent developments, Avalanche’s (AVAX) investors are now becoming early adopters of Sparklo.
Cosmos (ATOM): Recent Surge in Price Facing a Price Reversal
Cosmos (ATOM) is a network of interconnected blockchains. It is the 21st largest cryptocurrency by market cap, per CoinMarketCap, positioning it as a leading token in the crypto ecosystem.
Cosmos (ATOM) experienced a recent surge in price, which was attributed to an influx of developers building applications on the network. In addition, dYdX’s (DYDX) announcement that it is building an independent blockchain on the ecosystem may have also contributed to the recent surge of Cosmos (ATOM).
However, the impact of these factors on the price of Cosmos (ATOM) has begun to wane, as it currently trades at $10.9 after experiencing a 2.6% decline. The fear of a prolonged decline of Cosmos (ATOM) has led investors to switch their attention to Sparklo.
Find out more about the presale:
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