After a bearish trend, there will come a consolidation which will eventually lead to a price ascension; this is the general process of the cryptocurrency market. However, the current market is still showing signs of a downturn as many coins like Filecoin (FIL), and Flow (FLOW) continue to crash.
On the other hand, new and alternative investments like Sparklo are experiencing a bull run in their presale stage. As a result, analysts predict it might become a top cryptocurrency for the year.
Filecoin (FIL) Price Is Dipping With Little Signs Of Recovery
On April 21st, 2021, Filecoin (FIL) achieved an all-time high of $237.62 after a recorded low of $19.95 on December 20th, 2020. Filecoin (FIL) currently has a market cap of $1.47 billion and a 24-hour trading volume of $268.76 million.
Filecoin (FIL) currently trades at $4.61 after a one-day price increase of 10.36%. Previously Filecoin (FIL) has been in a freefall, as seen in its 90-day price drop of 47.15%. Analysts believe that though the 24-hour price increase might signify a turnaround, much cannot be expected as there aren’t any solid fundamentals backing the price increase.
Flow (FLOW) Price Continues To Dip Amidst Market Recovery
Flow (FLOW) was launched in January 2021 amidst good market conditions, and this led to a price rally immediately after its release, where it achieved its all-time high of $46.16 on April 5th, 2021. During this time, its diluted validation was above $55 billion.
Data shows that Flow (FLOW) couldn’t hold on to this price for a long time, as it reverted to $20 within two months and dipped to around $7 by June 23rd, 2021. Flow (FLOW) price later picked up by August 30th, 2021, and had a price of about $30. Flow (FLOW) has since been under continuous bearish pressures, where it finally retraced to below $1.5 in the second quarter of 2022.
Flow (FLOW) currently costs $1.35 per token after a one-day price increase of 16.61%. Analysts aren’t keen on Flow (FLOW) performing well before the year ends. This is why they suggest alternative investments like Saprklo, which is set to provide substantial gains.
Sparklo (SPRK) Price Expected To Soar In Coming Months
Since analysts predicted Sparklo would surpass projects like Filecoin (FIL) and Flow (FLOW), investors have rushed to partake in Sparklo presale. Sparklo is an alternative investment that will create a marketplace where users and investors can trade in fractionalized and minted NFTs backed to real-world assets in platinum, silver, and gold.
Additionally, a complete purchase of the NFT will ensure that the investor gets his asset delivered to his location. Sparklo will also partner with jewelry stores to ensure investors get first access and discounts to the assets. As a result, analysts predict that Sparklo will have a chance to be a future blue-chip cryptocurrency.
It is common knowledge that investing early in a project provides the best return, and Sparklo is currently in its first presale stage and is priced at $0.013. The current presale has drawn the attention of many investors and whales, and they expect Sparklo to provide huge gains in its bull run.
To further safeguard Sparklo, its developers ensured that it passed its audit from Interfi Network while ensuring that its liquidity is locked for 100 years and its team’s token is locked for 1,000 days. As a result, we believe that this project would be a top investment this year and has excellent growth potential.
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
