The blockchain space is known due to the volatility of the cryptocurrencies that support each project. Typically, if investors or traders have the objective of supporting a project, they will make an investment in its underlying cryptocurrency, which will have some level of utility within the ecosystem.
However, recently, well-established projects like Synthetix (SNX) began decreasing in value, and investors have begun to look elsewhere. A notable altcoin, in its presale stage, that gained a lot of attention is Sparklo, and we will be exploring how far it can go.
Synthetix (SNX) Decreases in Value by 8.7%
Synthetix (SNX) made an announcement on April 20, 2023, surrounding the Council election.
The Synthetix (SNX) Council Elections had numerous important dates, where the voting begins on April 21 and ends on April 30, after which the epoch will begin. This includes the spartan, grants, treasury, and Ambassador Council, and all elected members will get a monthly stipend from the Synthetix (SNX) treasury of 2,000 SNX monthly.
Despite this, the value of Synthetix (SNX) has been in decline. Synthetix (SNX) traded at $2.71 on April 21, 2023. In the last 24 hours, the cryptocurrency also decreased by 8.7%, worrying investors.
Sparklo (SPRK) Gains Massive Swing in Momentum
Sparklo will become an investment platform that will be developed with the specific use-case of opening access to the precious metals market to anyone. Each user has an opportunity to make fractionalized investments in silver, gold, and even platinum. Every investment will lead to the creation and minting of a non-fungible token (NFT), which can then be fractionalized. Each user of the Sparklo platform will then be able to make an investment in it.
They can either buy a fraction of the NFT or buy the full NFT. If they do buy an entire NFT that represents a gold bar, for example, they can get the real-world asset delivered to them in any location.
The team is currently processing their Know Your Client (KYC) process. As for its security, the project was successfully audited by the InterFi Network.
Picking the Right Cryptocurrency for Investment
As a cryptocurrency protocol, Sparklo will be a one-of-a-kind platform and a first mover that enables anyone the opportunity to make investments in real gold, silver, and platinum bars, through the usage of blockchain technology and fractionalized NFTs.
At the current level one presale stage, the SPRK token is offered at a value of just $0.015. With the momentum of the market and increased appeal of precious metals as an alternative investment option for many cryptocurrency investors, analysts predict that its value can spike by 4,000% in the upcoming months.
In fact, Sparklo will be the first alternative-investment platform tailor-made for crypto investors.
We believe that this is a promising investment opportunity that anyone can check out 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
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