The current bearish crypto market is characterized by bearish price movements and underwhelming price actions from tokens.
With Dogecoin (DOGE) and XRP (XRP) consolidating price movements, the Sparklo presale, with its projected significant growth, is favored by investors.
Sparklo, as a new investment platform, aims to usher in an unprecedented opportunity to invest in precious metals such as gold, silver, and platinum. Through investing in bits of NFTs backed by precious metals, Sparklo aims to provide access to investment in real-world assets.
Furthermore, at a competitive presale price of $0.017 and an additional 30% bonus until May 5th, resulting in more tokens, Sparklo is gathering investors within the crypto community. Moreover, its predicted 3,000% potential growth by analysts has seen numerous investors hoping to be early investors.
More importantly, to ensure transparency, which a lot of presale projects lack, the team has concluded a smart contract audit with InterFi Network and an ongoing KYC audit and has its liquidity locked for 100 years. These efforts have significantly improved investors’ confidence in the presale and the project generally.
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XRP (XRP): The Release of Tokens Yet to Impact the Price as It Consolidates
In a recent development in the XRP (XRP) network, 1 billion locked XRP (XRP) tokens were released from an unknown wallet. The tokens were released by Ripple in two transactions worth 500 million XRP (XRP) apiece, for a total of $243.8 million at the time of escrow unlock.
The XRP (XRP) token release is part of the network’s scheduled routine to stabilize the token’s circulating supply, which it has been practicing since 2018. However, the XRP (XRP) token unlock has yet to play a significant role in its price. It has been consolidating for the past couple of days, recording a 0.75% increase in the past 7 days and a 0.2% decline in the past 24 hours at the time of writing.
With no significant price movement and less room for growth, XRP (XRP) isn’t perceived as a promising investment. Instead, investors are interested in and excited about a particular project, the Sparklo presale.
Dogecoin (DOGE)
The popular memecoin, Dogecoin (DOGE), recently added a new trading pair, DOGE/TUSD, on Binance, the world’s largest centralized exchange platform. This effort intends to increase the trading volume of Dogecoin (DOGE) on the exchange platform, which will be added to the already existing BUSD and USDT pairings.
Dogecoin’s (DOGE) enthusiasts have hailed this move and even gone overboard by saying the token will experience a sudden rally that will see it reach $1. However, critics and analysts have seen this as reaching, as Dogecoin (DOGE) is currently trading at $0.078.
However, this move, which was announced on April 27th, has yet to see the anticipated price movement results. Dogecoin’s (DOGE) price movement has been ranging for the past couple of days since the announcement, 0.37% in the past 7 days and 0.65% in the past 24 hours at the time of writing.
Its consolidation makes Sparklo presale a better investment as it guarantees more profit than Dogecoin (DOGE) would.
Find out more about the presale:
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Source: https://beincrypto.com/investors-have-their-eyes-on-sparklos-presale/