There are several thousand cryptocurrencies that investors can choose to invest in. Some are new and revolutionary, while others might provide little attraction to investors. Most times, investors seem to ignore tokens that might become precious assets in the long term.
New tokens like Sparklo, which is currently on a successful presale, are among those cryptocurrencies analysts predict to hold immense value. This has led to investors in Decentraland (MANA) and Gala (GALA) looking to jump ship.
Decentraland (MANA) Price Affected By The Market Decline
Decentraland (MANA) began trading at $0.02 around September 2017. During that time, Decentraland (MANA) didn’t have a price increase, and it even declined below $0.01. It was only in December that the price broke past $0.10. By 2021, Decentraland (MANA) had a rally like most coins, and it even continuously created greater highs and heartbreaking lows in January and the following month.
By the first half of March, the price increase became steeper, and Decentraland (MANA) was volatile for some weeks with some pullbacks of around $30. By April 17th, Decentraland (MANA) achieved an all-time high of $1.68 with a market cap of over $2.1B, which was over 2,000% gains then.
2022 was quite rough for Decentraland (MANA), like most tokens, as it suffered a severe hit which saw it dropping from its high till the time of writing. Decentraland (MANA) currently has a price of $0.467 after a 90-day price decrease of 56.25%. Analysts predict that this price decrease might continue in the short term.
Gala (GALA) Price Drops Amidst Bridge Malfunction
Recently, The PeckShield Blockchain Security Organisation raised the alarm on the PanCakeSwap exchange after an address minted more than $2B worth of GALA (GALA) tokens, resulting in signs of a rug pull or an exploit.
But, this was caused by a multi-chain routing protocol pNetwork that provides infrastructure support for Gala Games and other DeFi organizations. pNetwork specifically created the bridge for Gala (GALA) that lets users trade between BNB Chain and Ethereum.
Recently, a vulnerability was found in the bridge since the engineers left a key in the contracts, which can let a malicious attacker change the controlling address. Before this, Gala (GALA) was set to have a successful month with the launch of its long-awaited game, Spider Tanks. Yet, this malfunction has declined Gala’s (GALA) price.
On November 3rd, Gala’s (GALA) price opened at $0.38 and climbed to $0.40 that day. But, FUD saw Gala’s (GALA) decline to a low of $0.28.Gala’s (GALA) has climbed back up as it now trades at $0.31 at the time of writing.
Sparklo (SPRK) Presale Offers Excellent Earning Potential
Sparklo will be an alternative investment that allows investors to invest in minted and fractionalized NFTs backed by real-world assets in the form of platinum, gold, and silver. Sparklo will partner with jewelry stores to ensure investors get discounts and first access to their investments.
A complete purchase of an NFT would result in delivery to the investor’s location. With the presale ongoing for a price of $0.013, investors should see it as an opportunity for participation in a unique project. Analysts further predict that the price of Sparklo will rise in the coming months.
On the project’s safety, Sparklo got an audit from Interfi Network and will lock its liquidity for 100 years while the developer’s token will be locked for 1,000 days. Getting early in a project like Sparklo would provide massive gains.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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