The cryptocurrency industry expands every day, with new projects added to the over 23,500 existing ones. The large number of projects affords the opportunity for investors to find new opportunities when old ones don’t live up to expectations.
Huobi Token (HT) and PancakeSwap (CAKE) were two projects with great potential, but are quickly losing investors as they struggle to keep up with the fierce competition created by the massive number of projects.
In this article, we will discover why investors are leaving the more prominent Huobi Token (HT) and PancakeSwap (CAKE) for the new gold investment platform, Sparklo (SPRK).
Sparklo Attracts New Investors
Sparklo (SPRK) is a new name ringing among investors because it is a one-of-a-kind project. Sparklo is the first blockchain investment platform that allows users and investors to buy and trade silver, gold, and platinum bars.
Because bars of silver, gold, and platinum are not easy to come by and come at very high premiums, Sparklo will allow users to buy fractional NFTs of these assets. Most importantly, these NFTs will be backed by physical gold, silver, and platinum.
Sparklo has been audited by the InterFi Network as vetted as 100% safe. The team behind the Sparklo project is currently undergoing another KYC Audit that will reinforce its security. In addition, Sparklo will lock the initial liquidity of the project for 100 years, assuring users of the future of the project.
Majoring in precious metals investments and solving some problems that have kept investors away, Sparklo may very well end up becoming a blue-chip crypto. Sparklo (SPRK) is now in presale and a token sells for $0.017.
Huobi Token (HT) Continues Falling Downhill
The poor performance of the Huobi Token (HT) in 2023 has been one of the major turn-offs for investors. In what has been a bullish year, the price of Huobi Token (HT) has tumbled by more than 35% – the worst-performing top 100 cryptos.
The struggle of Huobi Token (HT) is a direct result from its parent exchange, Huobi, being under regulatory duress. In addition, there have also been cases of forced liquidations in the spot and Huobi Token (HT) contract markets.
These incidents have put the Huobi Token (HT) under intense bearish pressure, and it has come up short. With the downtrend looking unlikely to end soon, investors are leaving Huobi Token (HT) for newer investment opportunities like Sparklo.
Investors Lose Trust in PancakeSwap (CAKE)
PancakeSwap (CAKE) might be one of the most important decentralized crypto exchanges (DEX) at the moment, but investors are slowly losing trust in the platform. As a result, the native token of PancakeSwap (CAKE) has been on a downward spiral.
Investors began leaving PancakeSwap (CAKE) after a recent proposal reduced staking rewards and the inflation of the token from over 20% to around 4%. As the proposal was passed, the price of PancakeSwap (CAKE) fell by more than 20% in a week.
PancakeSwap (CAKE) has now lost 19% of its value since the start of 2023 – a bullish year. As investors can no longer able to cope with the losses, they are now leaving PancakeSwap for more promising investment options like Sparklo.
Find out more about the Sparklo presale:
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