Despite the prevailing bearish sentiment surrounding cryptocurrencies, a few cryptos have managed to achieve impressive growth in recent months. Nevertheless, Polygon (MATIC) has experienced a bearish trend in the past week, despite a notable increase in blockchain adoption.
Consequently, investors seeking to invest in gold and silver have become excited about the imminent launch of Sparklo (SPRK), the world’s first crypto exchange solely focused on precious metals.
Sparklo (SPRK) Presale Generates Excitement In The Crypto Industry
Due to inflation and loss of value, investors seek alternative investments to protect wealth. Fortunately, Sparklo’s (SPRK) new trading platform has opened an opportunity for everyone to invest in rare metals like gold, silver, and platinum.
The precious metals investments on the platform will utilize fractionalized NFTs. The NFTs minted to represent gold, silver, or platinum bars will be divided into fractions, with each investor’s portfolio share corresponding to the same percentage of the NFT.
Investors who opt for full NFT purchases will receive the complete precious metal bar, which they can have delivered to their preferred location. Sparklo aims to foster an investment community where traders can buy or sell Sparklo NFTs representing fractional shares of precious metals, thereby enhancing liquidity for the platform.
Investors using Sparklo’s trading platform to invest in precious metals can benefit from some of the most competitive fees in the market. As a demonstration of their commitment, Sparklo has secured liquidity for the next century and has also locked up its team’s tokens for 1000 days.
Sparklo (SPRK) is an investment opportunity worth considering, with significant potential for growth. Currently valued at just $0.015, investors who purchase the token now can benefit from a 30% bonus on all transactions. It’s essential to note that industry projections indicate that the value of one Sparklo (SPRK) token is expected to rise to $0.017 by the end of April.
Polygon (MATIC) Bearish Market Worsens
Polygon’s (MATIC) price is at a critical low despite positive news, as it has been declining since mid-February and is at a turning point after retesting the March 10th low.
Data from IntoTheBlock shows that only 34% of Polygon token holders are profitable, the lowest since February. This leads @CryptoTheBeast_ to question whether MATIC will reverse its trend or continue to fall.
Last Thursday, Polygon (MATIC) fell below the crucial 200-day Exponential Moving Average (EMA), which acted as support for Polygon (MATIC) on March 10th and again in late March. Since then, Polygon (MATIC) has been unable to reclaim the EMA, which currently sits at $1.0521. If the price fails to recover and continues to face rejections, it may drop toward the $0.81 support level.
CoinGecko reports that Polygon (MATIC) is currently trading at $0.991027, with a 24-hour trading volume of $622,608,958. In the last 24 hours, the price has fallen by 3.56%, and in the past 7 days, it has declined by 8.59%.
Are you interested in learning more about Sparklo (SPRK) and its potential as an investment opportunity? Check the links below:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance