The impact of the last bear cycle was felt by all, some more than the rest, with Avalanche (AVAX) and Tron (TRX) among the biggest losers. Catching the bullish wave has been challenging with these tokens, with investors preferring to invest their money in other crypto projects.
The presale of Sparklo has become a popular choice among investors, if the words on the crypto street are to be believed.
Tron (TRX) Battle With Bear Market Rages on
Tron (TRX) was launched in 2017 to aid in the creation of decentralized applications, blockchain systems, and smart contracts. Its native token, Tron (TRX), derives its utility as the blockchains native token and is currently the world’s 16th-largest token by market cap.
Tron’s (TRX) current price is a long way from its 2018 all-time high of $0.3, as it currently trades at $0.06 at the time of writing. Tron (TRX) is making an attempt to rally, albeit weakly, with a recorded 2.23% increase in price in the past 7 days and 9.5% in the past 90 days.
With such a feeble attempt at rallying, investors continue their search for projects with significant potential gains instead of Tron (TRZ). This search has led to Sparklo, which investors believe will be one of the few best things in crypto.
Avalanche’s (AVAX) Struggle Continues: Bear Aren’t Offering Any Respite Just Yet
Avalanche (AVAX) wasn’t exempted from the last bear cycle, with the token’s value significantly down from its all-time high of $146.2 to its current price of $19.25. The downtrend wasn’t abrupt, as Avalanche (AVAX) still recorded a 2023 high of $78 at the beginning of the year. However, in just the fourth month of the year, the token’s price has drastically reduced.
Besides the general bear cycle, another factor that contributed to Avalanche’s (AVAX) downtrend is Terra Luna’s (LUNC) collapse. The current trend means investors are looking for alternative investments.
Sparklo (SPRK): The Fuss Behind the Token Explained
With excitement bubbling around the presale of this token, it is worth explaining why. Sparklo is a new project in its presale stage, worth only $0.015. Its cheap price is one of the factors that endears it to investors. In addition, the project is carving a niche in the crypto landscape, which hitherto didn’t exist. Sparklo is a real-world investment platform, specializing in precious metals such as gold, silver, and platinum bars, where investors can invest fractionally.
Investment is guaranteed to bring in high returns because investors will be early adopters of a project that will be widely accepted. Considering all that has been mentioned about the project, its successful smart contract audit, ongoing KYC audit, and completely locked liquidity, it makes sense why there is so much buzz around it. Consequently, experts have predicted the likelihood of the token’s price growing by 1,000%.
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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