The cryptocurrency market is very competitive, with over 20,000 projects launched and new cryptos added every day. As a result, the top 100 ranked by market capitalization has become a sought-after position, as it tells of not only the popularity of a digital asset but also its success in the market.
However, the stiff competition means digital assets can quickly be displaced from the top 100 positions. Two cryptos with unsure futures are Huobi Token and Kava (KAVA) which have endured rough patches and experts predict that newcomer, Sparklo could be gunning for their position.
Huobi Token (HT) and Kava (KAVA) Struggle in the Top 100
Huobi Token (HT) is the native token powering one of the biggest global cryptocurrency exchanges, Huobi Global. The popularity and use of Huobi Token (HT) within the exchange saw the
A downside of being interconnected with the exchange is that Huobi Token (HT) shares the same sentiment as the company. In January when the company announced it was cutting down its staff by 20%, Huobi Token (HT) tanked by 11% within hours.
Even worse was the recent flash crash on the exchange that saw the price of Huobi Token (HT) plummet by more than 90% within minutes. These tumultuous events for Huobi over the last few months have seen the price of Huobi Token (HT) drop by 91% from its all-time high.
Huobi Token (HT) has slid down the top 100 rankings and now sits at 81st. Another project that has suffered a similar fate is Kava (KAVA) suffering a strong bearish momentum over the last several months.
Despite having a unique concept, Kava (KAVA) has failed to develop any real-world use cases yet adding to its struggle. Kava (KAVA) currently sits at 97th, making it the more likely to fall out of the top 100 rankings.
Investors Pick Sparklo to Replace Kava (KAVA)
Investors believe that with the struggles of the likes of Kava (KAVA) new projects with real use cases like Sparklo which is building the world’s first precious metal trading platform built on blockchain.
More than the gimmicks known in crypto, Sparklo will give everybody the accessibility to invest in precious metals like silver, gold, and platinum. Using a fractional method, investors can own smaller pieces without purchasing the whole bar of gold, silver, or platinum.
These fractions will be minted as non-fungible tokens that will be backed by physical assets. In addition, investors can redeem their digital tokens for the equivalent amount of fiat currency at any time.
Investors who choose to purchase the entire bar can choose any address where the physical metal will be delivered to. In addition, the full reserve audit by the InterFi Network and its smart contracts has passed auditing.
More than a unique concept, Sparklo is solving a problem in the metal investment market, which is why many investors back it to become a top 100 crypto within the first year of its launch. Sparklo is currently in presale 1 Sparklo token is currently sold for $0.015.
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their research before taking any actions related to the company. The image used in the article is been obtained from a third party and is used for informational purposes only. Coinpedia should not be held responsible for image copyright issues. Please contact us immediately if you have any issues or concerns. |
Source: https://coinpedia.org/press-release/investors-are-picking-sparklo-to-enter-the-top-100-as-huobi-token-and-kava/