With the rise of cryptocurrencies, there are now more options for investing and trading than ever before. While Bitcoin (BTC) and Ethereum (ETH) have long been the leading names in the crypto world, newer players like Sparklo are making waves. In this article, we’ll compare Sparklo to the more established BTC and ETH.
Whales Activities Noticed On The Ethereum Blockchain
Ethereum has been a major player in the cryptocurrency world since its launch in 2015. It’s known for its smart contract capabilities and is the foundation for many decentralized applications (dApps). Two giant whales conducted big transactions on the Ethereum network a few days back. These whales staked about 29,073 stETH ($60.7M) and 26,550 ETH ($55.4M) on the Ethereum Beacon Chain.
Based on on-chain data, this transaction was done via Agility, a liquid staking derivative and trading platform. These transactions indicate that there’s still strong interest in the Ethereum network, despite the recent market stall. Additionally, a whale recently sent Tether (USDT) to Binance to buy up Ethereum scaling solution Loopring (LRC) and Fantom (FTM), Ethereum’s biggest rivals.
Bears Dominate Bulls In Analysts Make Bitcoin’s Price Predictions
Bitcoin has been around since 2009 and is the most well-known cryptocurrency. It’s often used as a store of value and is highly volatile. However, its inability to support smart contracts has slowed its development compared to newer blockchains.
Recently, there have been concerns about a potential sell-off due to the US government’s critical stance on crypto. CryptoQuant has identified four important dates – May 26th, August 7th, October 19th, and December 30th, 2023. On these dates, there might be extra selling pressure from the US government’s Bitcoin holdings.
However, this sell-off could lead to a negative short-term impact on Bitcoin prices and allow short sellers to profit. On the other hand, Bitcoin miners see increased revenue after a turbulent 2022; recent data from Glassnode suggests miners have been selling most of the Bitcoin they mined.
Sparklo is a newer player in the crypto world. Unlike BTC and ETH, Sparklo has yet to hit the coin market. However, it promises to offer its users excellent utilities. The essential purpose of Sparklo is to invest in precious gems like gold, silver, and platinum easily.
Another fantastic feature of Sparklo is its low fees and fast transaction times. This feature will make it an attractive option for users looking for a quick and affordable way to transfer funds.
Its marketplace will be powered by its native token with SPRK as its ticker symbol. This ERC-20 token has a total supply of 1,000,000,000 and will soon be up for presale. Follow its development through the links below and prepare to buy the presale.
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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Source: https://coinpedia.org/press-release/sparklo-will-overtake-btc-and-eth-with-its-liquid-trading-of-precious-metals/