Investors Migrate To Sparklo (SPRK) As Cronos (CRO) and Polkadot (DOT) Prices Remain Stagnant
Given the ongoing drop in the total crypto market capitalization, most cryptocurrencies like Cronos (CRO) And Polkadot (DOT) have failed to record any huge price increase. As a result, investors are flocking to upcoming projects such as Sparklo, which is still in its presale phase and has immense potential.
Sparklo is set to revolutionize the way we trade and invest in precious metals. Its forthcoming platform will allow investors to trade gold, platinum, and silver via the SPRK token. Each fractional investment will be represented by a minted NFT, whose value is anchored to the precious metals they stand for.
Meanwhile, Sparklo has obtained a KYC report from Block Audit Report, and its smart contract has been audited by InterFi Network. Additionally, Sparklo will lock its liquidity for 100 years, thus promoting stability and increasing confidence among its users. Currently, Sparklo is in its second presale phase, offering its token at only $0.026.
As an added incentive, early buyers stand to gain a 50% bonus on token purchases. Crypto analysts and observers have predicted that Sparklo has the potential to yield 5,000x returns upon its debut. Currently, the SPRK token is available for just $0.026 with a high chance of increasing to $0.50 soon.
Cronos (CRO) price analysis
The price of Cronos (CRO) has been on an upward support line since November 2022, reaching a new yearly high of $0.095 on Feb. 21st. However, the token later dropped and found support at the support line before testing the $0.083 resistance level. Meanwhile, a short-term technical analysis of the six-hour timeframe indicates a bearish outlook for Cronos (CRO).
According to the six-hour analysis, the price is currently in the C wave of an A-B-C corrective structure. If waves A:C maintain a 1:1 ratio, the projected low for Cronos’ (CRO) price would be around $0.053. Nevertheless, if the ascending support line is reclaimed, Cronos (CRO) could increase towards $0.070. Currently, Cronos (CRO) trades at $0.062224.
Polkadot (DOT) continues horizontal price movement
Polkadot’s (DOT) price analysis indicates a sustained bearish trend, with a small rise to $5.38 in the past 24 hours. Since May 8th, when the price was at $5.6, Polkadot (DOT) has been moving sideways on the daily chart. Examining the 24-hour candlestick chart for Polkadot’s price analysis, it is evident that Polkadot’s (DOT) price has mainly been trending sideways since the beginning of the month.
Polkadot (DOT) has predominantly fluctuated around the $5.5 range, staying above the $5 support level and aiming to surpass the resistance at $6. Currently, the price of Polkadot stands at $5.38, an increase of 1.01% in the past 24 hours.
Find out about the Sparklo (SPRK) presale using the links below:
Buy Presale | Website | Twitter | Telegram
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