Aside from making traditional investments, many investors and traders will typically diversify their holdings in some way. From precious metals to cryptocurrencies, the more exposure they have, the more diverse their portfolio becomes.
Sparklo is a project that aims to combine these spaces and will be a Web3 platform through which anyone will be able to make investments in precious metals. With the recent decline in the value of Render Token (RNDR) and Maker (MKR), investors and traders are diversifying and today, we will go over why Sparklo gained so much attention.
Render Token (RNDR) declines in value by 31.8%
The Render Token (RNDR) team announced the network’s quarterly stats for Q4 2022 and Q1 2023, which were released for the community to review. Moreover, in the upcoming quarters, the Render Token (RNDR) team announced the implementation of NeRFs, Light Field Lab tech expansion, an NFT toolset and more.
Despite all of this, the value of the Render Token (RNDR) cryptocurrency has been in decline. As of May 12, 2023, Render Token (RNDR) traded at just $1.73. Within the last week, Render Token (RNDR) decreased by 22.2% and in the last two weeks, it dipped by 31.8%
Maker (MKR) enters red zone with a 12% decrease
Maker (MKR) announced the Spark Protocol Launch on May 8, 2023. On May 9, 2023, Chainlink announced that Spark Protocol, a protocol powered by Maker (MKR), integrated Chainlink price feeds.
This marked a huge addition to the Maker (MKR) ecosystem; however, its value is still in decline. On May 12, 2023, Maker (MKR) traded at $628.24. Within the last 30 days, Maker (MKR) decreased by 12% and in the last week, it has been down by 9.4%.
Sparklo (SPRK) to change the way people invest in precious metals
Sparklo will be developed as an alternative investment platform where users can gain access to precious metals. On top of Sparklo, non-fungible tokens (NFTs) will get created through a process known as minting and then they will get fractionalized.
What this means is that each investor will gain the opportunity to invest in either a fraction of an entire precious-bar-backed NFT or to buy it entirely. If they do buy the entire NFT, they can get it delivered to them anywhere.
During the stage two presale, the SPRK token trades at a value of just $0.022. The platform has been audited by the InterFi Network, the team has undergone a KYC procedure and its liquidity will be locked for 100 years to prevent a rug pull. Analysts have also predicted that SPRK can climb in value by 1,500% in the upcoming months. After a lot of research, we believe Sparklo makes for one of the best investment opportunities of 2023.
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
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