As the week comes to an end, several cryptocurrencies are still trading in the red region despite bullish predictions from analysts. Among these coins are Uniswap (UNI) and Filecoin (FIL). On the other hand, a new coin, Sparklo (SPRK) is gaining massive attention due to its huge market potential.
Uniswap (UNI) Dips to $5.77 On Bearish Takeover
According to the Uniswap (UNI) price analysis, there has been a bearish movement in the price today. Uniswap (UNI) has failed to receive support from bulls and bears have dominated for most of the day.
UNI/USD has been consistently declining for the past 24 hours due to the broader crypto market depression. Currently, the price of Uniswap (UNI) has fallen by -2.77% and is trading at $5.77. The token is expected to keep falling with the next level of support at $5.69.
Filecoin (FIL) Price Drops to $5.51
As per the Filecoin (FIL) price analysis, the market sentiment is currently bearish, and the coin has been trading in a downtrend pattern for the past 24 hours. The selling pressure has been dominant, as the price dropped to $5.51, a 4.2% decline over the past 24 hours.
Bulls have been unable to break resistance in the past week as the token continues its bearish trend. The price of FIL has dropped by 9.7% in the past 7 days according to CoinMarketCap.
At the moment, investors are searching for altcoins that are in their presale phase and have the potential for significant growth. One such promising altcoin is Sparklo (SPRK).
Sparklo (SPRK) To Revamp Web3 with Precious Metals Investment Opportunity
Sparklo is a decentralized Web3 project that is under development, aiming to make the purchase and storage of precious metals like gold, silver, and platinum accessible to all investors. By using blockchain technology, Sparklo (SPRK) offers a solution to the issues of affordability and accessibility people face with precious metals.
With Sparklo, individuals can buy fractional amounts of silver, platinum, and gold. This innovative approach enables investors to purchase fractions of platinum, rather than having to pay the full cost for an ounce of gold which currently surpasses $1,800.
Meanwhile, these fractional investments will be represented by NFTs minted on the platform. Investors who prefer to own an entire NFT of a precious metal such as gold can have the physical asset delivered to their doorstep through Sparklo. Currently in its presale stage, the tokens are up for purchase at $0.015, as the project prepares to revolutionize the investment landscape for precious metals.
Considering its features and use cases, Sparklo has the potential to attract a significant number of investors. Coupled with the low entry price during the presale phase, Sparklo has the potential to generate a 5,000x return in 2023.
Find out more about the presale:
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://www.thecoinrepublic.com/2023/04/24/sparklo-looks-towards-5000x-returns-while-uniswap-and-filecoin-plummets/