The introduction of decentralized finance (DeFi) has brought about a notable change in the financial sector, thanks to its enhanced security, transparency, accessibility, and innovation. Among the various projects within the DeFi space, including Stacks (STX) And Dogecoin (DOGE), one project stands out from the rest: Sparklo. This article will explain why Sparklo is poised to become the next major player in the DeFi sector.
Sparklo (SPRK): bridging DeFi and precious metals industry
Investors are rushing to participate in Sparklo’s second phase of the presale, driven by the desire to accumulate SPRK. Sparklo has garnered significant attention within the crypto community due to its impressive growth trajectory and future potential. Its vision revolves around revolutionizing blockchain investment platforms by offering users the ability to purchase, sell, and own precious assets like Silver, Gold, and Platinum.
An NFT will be minted to represent each individual’s investment in the platform. These NFTs will be backed by physical bars of gold, silver, and platinum. Sparklo has undergone successful audits conducted by Interfi Network, and investors’ assets will be safeguarded through a 100-year liquidity lock.
Currently selling at just $0.026 per token, SPRK is one token that every investor should buy ahead of the coming bullish run. Analysts project a 1,000% surge in SPRK token value by the end of the year.
Dogecoin (DOGE) continues a bearish week
Amidst growing FUD in the market, Dogecoin’s (DOGE) price is currently experiencing a bearish trend. Since the beginning of May, Dogeoin (DOGE) has been in a downward trend, leading to a decrease in investor confidence. The selling pressure on Dogecoin (DOGE) price persists as it contends with the resistance from the 50-day, 100-day, and 200-day Exponential Moving Averages (EMA).
If selling pressure soars, Dogecoin (DOGE) could revisit last month’s low of $0.062. By press time, Dogecoin (DOGE) trades at $0.070959, a decline of 0.35% over the past 24 hours and 4.77% over the past week.
Will Stacks (STX) begin an uptrend soon?
Stacks (STX) is currently priced at $0.590052. Over the past 24 hours, Stacks’ (STX) price has experienced a decline of 3.99%, and in the last 7 days, it has declined by 11.56%. Technical indicators on the Stacks (STX) daily chart are displaying bearish signals. The daily RSI line is trading significantly below the daily RSI SMA line and shows a steep slope toward the oversold territory.
Additionally, the 9-day EMA line of Stacks (STX) is below the 20-day EMA line and is diverging further from the longer EMA line. The next potential support level for Stacks’ (STX) price is $0.5235, while the target for an upward movement is $0.6770. If the price manages to break above the 9-day and 20-day EMA lines, it could potentially rise to $0.8354 soon. Conversely, dropping below this would result in a decline to $0.3304.
Find out about the Sparklo (SPRK) presale using the links below:
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