The blockchain ushered in an open, decentralized, and secure era. Investors are always on the lookout for better investment possibilities in the blockchain. The Graph (GRT) and Injective (INJ) were once considered a better investment, but a new competitor, Sparklo (SPRK), is rising to the occasion.
The Graph (GRT): Will Token See A Bounce From This Point?
Graph (GRT) is a blockchain platform that seeks to allow technology users to create their data graphs using blockchain information by querying and indexing data from the blockchain and then grouping them into sub-graphs. Developers then use the collected data to build scalable and safe decentralized applications (DApps).
The Graph (GRT) was created on Ethereum, making it technically a token and not a coin. At its initial launch, The Graph (GRT) peaked at $2.88 2 months after its launch and is currently trading at $0.1385.
While The Graph (GRT) has been trading above $0.2, the recent Silver Gate bank crash saw the price of The Graph (GRT) fall to $0.106 in March before recovering to $0.144 in April.
Overall, while The Graph (GRT) might still see positive price action in the future, it would be better to look for other options with higher growth potential.
Injective (INJ) Positive Price Action, Will It Keep Holding?
Injective (INJ) is one token that has been performing well since precisely a month ago today. After reaching a low of $3.7, Injective (INJ) has been on a steady rise, climbing to a yearly all-time-high price of $9.97.
Injective (INJ) was launched in October 2020. In its first month, it reached a high of $1.490. Following the bull run in April/May 2021, Injective (INJ) peaked at a whopping $25.3, which it sustained well before dropping to $4.88 in June 2021.
Recently, the Injective (INJ) price has been on the rise. On April 17, Injective (INJ) neared a critical resistance zone of $10.40 which was rejected outrightly, forcing the price down to $6.43 before rallying up again.
With Injective (INJ) trading at $8.932 presently, analysts predict that if this movement continues, Injective (INJ) may break through the $10.40 resistance to touch $24. Another rejection at the resistance could push the token back to the $4 range.
Sparklo (SPRK) Drawing In Investors During Its First Stage Presale
Sparklo is an innovative blockchain program that seeks to create an alternative-investment platform for traders and investors to fractionally or wholly invest and trade precious metals like Gold, Silver, and Platinum bars.
One of the major selling points of Sparklo is its factional ownership which allows investors to own a part of the metal they are investing in. The tokenization of gold, silver, and platinum on the blockchain will give investors room to participate in the metals market with low capital.
Sparklo is in its first presale stage and is selling for only $0.015, a price set to increase to $0.017 after this weekend. Investors will also get a 30% bonus on all buys.
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
