Since the start of the latest bull market, Bitcoin has been the star of the occasion, leading the market rally. However, things appear to be changing as Ethereum (ETH) and Dogecoin (DOGE) lead what is a surprise altcoin rally.
As investors brace themselves for what could be the start of an altseason, Sparklo, an interesting project building the industry’s first fractional investment platform for silver, gold, and platinum has entered presale.
Ethereum (ETH) and Dogecoin (DOGE) Lead Shocking Rally
Since the start of the year, Bitcoin has been the star of the crypto market rally, leading the top 10 cryptos by market cap in gains. However, Ethereum (ETH) and Dogecoin (DOGE) are leading a shocking rally.
In the last week, the price of ETH has risen by a significant 9.5% to see the number one altcoin trade above $2,100 for the first time since May 2022. The rally is a significant one for Ethereum (ETH) as the price of Bitcoin is down by 1.2% in the same timeframe.
A co-star of the altcoin rally is the biggest memecoin, Dogecoin (DOGE). The price of Dogecoin has also jumped by 8.9% in the last week to trade at multi-month highs.
The Start of a New Altseason
The normal trend in the crypto market is to follow the sentiment of Bitcoin. However, the rally of Ethereum (ETH) and Dogecoin (DOGE) doesn’t correlate with what Bitcoin is experiencing at the moment. Hence, the alt season discussion.
Altseason, drawn from the words, Altcoin and season, refers to a period in the crypto market where non-bitcoin digital assets outperform the price of BTC. This is what we are seeing now and experts believe we are about to enter a full-blown altseason, which could be led by Ethereum (ETH) and Dogecoin (DOGE)
One such expert is the popular crypto trader Michaël van de Poppe who told his 160,000+ YouTube subscribers that “we have a window of at least a few months that we’re going to do well when it comes to the altcoins before Bitcoin is going to correct.”
Sparklo Enters Presale
As we enter into the altseason, there is an interesting project in the presale stage, Saprklo that will seek to nab its share of the altcoin market cap. Sparklo will give investors the opportunity to invest in precious metals – silver, gold, and platinum.
Knowing the obvious barrier to investing in these assets are their cost and accessibility, Sparklo comes up with a unique solution – fractionalization. An ounce of gold costs $1,847, meaning not everyone who wants to invest in gold can afford to buy the precious metal.
On Sparklo, anyone will be able to buy gold, silver, and platinum for even lower amounts. With a $100, Sparklo will mint a fractional NFT backed by the same worth of gold, silver, or platinum, allowing just about anyone on the blockchain platform to own their favourite precious metals.
Users who purchase the entire NFT of precious metal can have the physical asset (gold, silver, or platinum) delivered to their houses. Sparklo is currently in presale as you can buy the token for $0.015 as the project prepares to revolutionize the investment in precious metals.
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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Source: https://coinpedia.org/press-release/sparklo-starts-presale-while-ethereum-and-dogecoin-experience-a-rise/