When cryptocurrency investors intend to invest, they have to focus on tokens that will perform well since such projects usually guarantee better returns on investment. Radix (XRD) and Casper Network (CSPR) previously showed promise and provided gains, but as they are currently consolidating, investors would have to look for alternatives that can boost their portfolios.
On the other hand, analysts are hopeful of Sparklo as they expect a price pump in the coming months.
Radix (XRD) Will Not Recover In The Coming Months
Radix (XRD) was released on September 17th, 2021, with a price tag of $0.1685 and later dropped to $0.1013 on October 21st, 2021. It increased to its all-time high of $0.6538 by November of the same year. During its peak, Radix (XRD) quickly dropped to an intraday low of $0.3852 by November 19th before it later rebounded to $0.5517, which was an intraday high about two days later.
Eventually, this altcoin kept falling until it hit a daily low of $0.221 by December 13th. Though Radix (XRD) had an uptrend to a high of $0.3326 on December 16th and $0.3221 on December 24th, Radix (XRD) continued to slip down to $0.1496 by January and later $0.9347 by February 24th, 2022.
Currently trading at $0.0504, Radix (XRD) witnessed a 3.43% price decrease in the past day. Looking at the 90-day chart, we can see that Radix’s (XRD) price has lost 22.35% of its total value, showing no hope of recovery in the short term.
Casper Network (CSPR): Analyst Predict Bearish Momentum After Consolidation
After Casper Network (CSPR) launched its main net on March 21st, 2021, the token’s price rose to $1.37%, an all-time high. However, Casper Network (CSPR) couldn’t hold on to its value for long, as by the next day, the price had started dipping.
Casper Network (CSPR) followed a bearish trend alongside the entire crypto market till about July, when it fell to its all-time low of $0.05 on July 15th. Casper Network (CSPR) began to show recovery by August and bounced between $0.17 and $0.08 till October’s end. But the crypto market uptrend wasn’t too affected, as it moved from just $0.1 to $1.2.
By November, Casper Network (CSPR) took a turn and started rising till 2022. However, Casper Network (CSPR) was severely hit by the crypto winter of 2022 and presently trades at $0.032. As a result, analysts think the token will grow slowly.
Sparklo (SPRK) Price Is Set To Pump In 2023
Analysts consider Sparklo the altcoin with the highest potential to rank as the best coin in 2023. This is because of Sparklo’s exclusive utility and use case. Sparklo will be the first alternative investment to let investors trade in fractionalized and minted Nfts backed by real-world gold, silver, and platinum assets.
Sparklo is currently in its first stage of the presale for a price of $0.013, and analysts believe that it has the potential to be a future blue-chip cryptocurrency. Additionally, they also predict a price pump. Also, to ensure that Sparklo is safe, its developers passed an audit from Interfi Network. They also confirmed that the liquidity would be locked for 100 years while the teams will lock their token for 1,000 days.
Analysts predict that Sparklo would be an excellent alternative investment that will rise in 2022.
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Source: https://coinpedia.org/press-release/radix-casper-network-consolidating-while-price-pump-is-expected-from-sparklo/