The crypto market has been on a slow growth pace since the Bitcoin crash in 2018. Investors have become more skeptical about the cryptocurrencies to invest in and venture into. Currently, cryptocurrencies like Terra Classic (LUNC) and Axie Infinity (AXS) have been on a continuous price decline and investors have become anxious about a possible bearish outlook.
Most investors are now venturing into newer and more promising cryptocurrencies like Sparklo, a digital blockchain-based investment platform that allows users to trade using rare metal assets.
Terra Classic (LUNC) continues downward spiral despite upgrade on testnet
Despite the latest upgrading of its testnet, the price of the Terra Classic (LUNC) token, a cryptocurrency developed to be deployed in gaming, has been declining. While the upgrade on Terra Classic (LUNC) ecosystem was supposed to promote investor trust and enhance the token’s performance in the market, the price has retained its decline, causing investors and traders to be concerned.
Since the start of February, Terra Classic (LUNC) has steadily declined, falling by 15% in the past seven days. Before this week’s decline, Terra Classic (LUNC) was somewhat stable, giving investors hope of a long-term recovery. However, after proposing and deploying its testnet upgrade, Terra Classic (LUNC) still showed significant instability and adverse price fluctuations.
Axie Infinity (AXS) price plunges following token unlock
The AXS token, one of the critical cryptocurrencies utilized on the Axie Infinity (AXS) network, has seen considerable price volatility and instability in recent weeks. Following a token unlock on April 23, over 19 million AXS tokens entered circulation. This occurrence sparked a surge of reaction among investors, with many dumping their tokens due to the supply flood.
Consequently, the price of Axie Infinity (AXS) plunged by more than 20% in just a few days, from a peak of $9.53 to a low of $7.36. Currently, Axie Infinity (AXS) token holders have placed 527,000 AXS on sale. However, due to Axie Infinity’s bearish outlook, buyers have purchased less than a quarter of the Axie Infinity (AXS) tokens on sale.
Sparklo (SPRK): New metal trading platform offers investors access to rare valuable metal resources
Sparklo is an emerging metal trading investment platform that allows users to invest in unique metal resources through fractionalized NFTs. Users can trade and invest in valuable and tangible metals like gold, silver and platinum on Sparklo’s innovative platform.
Sparklo has also undergone an Interfi Network audit and is an excellent investment opportunity according to top crypto analysts who predict the price to increase by over 1,500% by the end of 2023.
During it sprecale period, the value of the SPRK token is at just $0.022 with a 305 bonus for early investors. The liquidity will also be locked for a total of 100 years to avoid a rug pull and increase investor-trust. Accordingly, now is the best time to venture into this unique investment platform and exploit its opportunities. To get started by signing up for the presale tokens with the links below.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
