The shift in sentiment of the crypto market over the last few weeks has particularly affected projects like Tron (TRX). As a result, despite experiencing a bull run, major Tron (TRX) investors are now exploring other long-term investment opportunities like Sparklo that will allow investors to buy precious metals using crypto.
Sparklo (SPRK): buy precious metals using crypto
Sparklo is created with the intent of being an innovative project that will revolutionize how the cryptocurrency sector interacts with precious metals. It will be a blockchain-based investment platform that aims to facilitate investments in precious assets like silver, gold, and platinum. This platform will allow fractional ownership and investment in real-world assets through the use of Non-Fungible Tokens (NFTs).
Investors will be able to fractional portions of the NFT. If they buy a full NFT, Sparklo will deliver the precious metal to a location of their choice. Sparklo’s presale phase is currently ongoing with the token sold at just $0.026 apiece. According to analysts, Sparklo’s growth could exceed a staggering 3,000% before the end of 2023.
This makes the project a good investment opportunity for investors seeking to diversify their assets. Moreover, Sparklo will be a lucrative project with practical applications in the real world. Interestingly, InterFi Network has already audited the platform to ensure it is safe for investors. Also, Sparklo will lock the team’s tokens for 1,000 days and the platform’s liquidity for 1000 years to prevent a rug pull.
Tron (TRX) jumps 6% as bulls aim for $0.08
Tron (TRX) has displayed impressive performance lately surpassing even Bitcoin and Ethereum in recent sessions. Tron (TRX) has broken key resistances at $0.072 and the 100 simple moving average (4 hours) trading at $0.077594 by press time, an increase of 6.93% in the past 24 hours. Currently, Tron (TRX) is consolidating near the 23.6% Fibonacci retracement level of the upward movement from the $0.0668 swing low to the $0.0768 high.
However, if Tron (TRX) fails to overcome the $0.0768 hurdle, a correction could occur. Immediate support lies around the $0.0728 zone. Subsequently, the key support levels are situated near $0.0720, representing the 50% Fibonacci retracement level, and $0.0700. If the price of Tron (TRX) drops below $0.0700, there is a potential risk of a decline toward the $0.0668 support level.
Find out more about the presale below:
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