In the ever-volatile Crypto market, investors are always on their toes trying to find the next best things in terms of stability and long-term returns. It’s, therefore, important for investors to understand when to buy and what to avoid. With what seems like a chaotic year, many coins have dipped into the market, like Mina Protocol and GMX.
On the other hand, Sparklo is poised to make significant gains in the precious metal investing landscape. The innovative alternative investment option allows members to invest in precious metals. It’s a game changer that’ll reshape the Cryptocurrency world with its ground-breaking.
Here are a few reasons why Sparklo is attracting investors.
Sparklo (SPRK) Will Democratise the Cryptocurrency Landscape
As a cryptocurrency protocol, Sparklo offers investors a platform for fractional investing in precious metals, strategic partnerships, and cutting-edge technology. Its features and innovative structure position it as a more stable and dependable coin to invest in compared to the normal crypto investment platforms.
Currently, the project is on its presale; it offers retail investors a chance to buy SPRK tokens at a discounted price of $0.015, which is expected to hit an all-time high of $0.017 by the end of the week. Retail investors have a chance to rake in profits from potential appreciation in the token’s value.
Investors have a great chance of getting up to a 30% bonus after every buy. More than that, it gives Sparklo a strong foundation for the long term. Moreover, it has a user-friendly interface and innovative measures that aim to democratise the crypto world and make it more accessible.
The project has secured the platform as it passed through an audit by InterFi Network and will be set to lock liquidity for 100 years. The KYC audit is still in the processing stage and will be completed soon.
Will Mina Protocol Ever Escape the Dipping Streak?
The blockchain lightweight Mina Protocol tries to act as a bridge between the real world and Crypto to ensure investors act democratically on the blockchain network. Currently, Mina Protocol has been on a declining streak, this being its 52 weeks in a row.
Currently, Mina Protocol is trading at $0.728, an increase of 8.28$. The uptrend won’t shake up the market because analysts suggest that the token is in a downward spiral after reaching its primary resistance of $0.832. This upward trend was as a result of active buyers on the market.
After breaking the support and resistance value of $0.980, Mina Protocol violated its secondary resistance. While active buyers came on the market, it caused a ripple effect on the token—causing Mina Protocol to fall further below $0.832, causing this downtrend.
Experts recommend seeking alternative investment options, especially those at the presale stage, for greater long-term returns.
GMX Continues to Trade in the Red
A platform that enables the decentralised trading of ETH, BTC, UNI, and LINK with up to 30x leverage on the Arbitrum, GMX is a future contract that never expires. With so much potential, GMX has been observing a decline of 2.73% in tha last 24 hours. But GMX is not going down without a fight.
Its prices are currently on the bull trend and are getting stronger by the day as buyer support, and the trading prices are on a bull run. However, some type of correction must be done to make GMX a strong contender in the market.
Currently, The price stands at 20 EMA. The sellers are, however, pushing the price down, making it reach the red candle below 20 EMA. Analysts say that GMX may start moving towards the next support level—4% below the current price of 50 EMA.
This is great, but will this ever happen? Seeking another alternative may be a good idea as investors wait for this turn of events.
Conclusion
With so much happening in DeFi, investors can lose sight of what they’re trying to build. It’s always prudent to stay ready and have alternative investment options that can democratise the crypto world. Sparklo is definitely the best one to go for.
For more information on SPRK presale, checkout these links:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
