Since the beginning of its presale, Sparklo (SPRK) has been seeing explosive growth. This is probably because this project offers a unique investment plan for investors. This should enable it to offer investors a greater return on their investment than Ethereum (ETH) and Optimism (OP), which are currently moving below expectations.
Investors Buy Into The Revolutionary Investing Platform, Sparklo (SPRK)
Sparklo (SPRK) project’s creative and scalable base is built on real-world precious metals such as platinum, gold, and silver. With it, investors will be able to own fractional NFTs backed by precious metals due.
The presale price for Sparklo (SPRK) is presently at $0.015, plus there is a 30% bonus on all orders. However, the price will increase to $0.017 on April 30, 2023, which is currently driving up demand as investors try to buy now while the price is still low.
All liquidity has been locked for 100 years, the KYC audit is in its last lapse, and the smart contract has been audited. All of these demonstrate the team’s efforts to secure the investment platform.
Investors Lose Appetite In Ethereum (ETH) Futures
Despite a 13.7% fall from April 18 to April 21, the price of Ethereum (ETH) has been over $1,820 for the past three weeks. According to criteria for Ethereum (ETH) options and futures, the rises, however, have not been sufficient to cause professional investors to be optimistic. This has led to signs of lack of purchase in Ethereum (ETH) futures.
Trades in quarterly Ethereum (ETH) futures are popular with whales and arbitrage desks. These fixed-month contracts, however, often trade at a little premium to spot markets, indicating that sellers are asking for a higher price in order to postpone settlement.
Thus, in healthy markets, futures contracts should trade at a 5% to 10% annualized premium, a phenomenon known as contango that is not exclusive to cryptocurrency markets.
Since the recent breakout above $2,100 on April 14, there hasn’t been a surge in demand for leveraged longs. Since then, Ethereum (ETH) dealers have been wary.
Ethereum (ETH) futures premium has also fallen from a peak of 4.7% to a current low of 1.8%. This shows that purchasers are avoiding leveraged long bets and that short (bear) positions utilizing futures contracts are in demand.
Optimism (OP) Moving on a Downward Trend
Since the beginning of February, Optimism (OP) has found itself on a declining resistance line. On April 15th, the line generated a rejection (red sign).
Crypto analysts paired Optimism (OP) price movement with the $2.0 horizontal support region and discovered a descending triangle, which is a bearish pattern. This implies that a breakdown of Optimism (OP) is the most likely outcome.
If Optimism (OP) continues on this downward trend, the next closest support, formed by an ascending support line and a horizontal support area, will be at $1.40. But if it bounces, it might test the resistance line at $2.40 for Optimism (OP) .
Find out more about the Sparklo presale:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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