With the number of cryptocurrencies that crowds the market, it can be tricky to choose which token would perform better than the other. Before making a decision, an investor must rigorously research a token’s fundamentals.
Though Stacks (STX) and Neo (NEO) have shown good potential and might produce returns in the future, analysts predict that alternative investments like Sparklo would perform better than both altcoins in 2023.
Stacks (STX) Investors Opt For Alternatives Even With The Recent Price Uptrend
Starting in October 2019, Stacks (STX) had a price tag of $0.30. Though it achieved $0.70 on its first day, it began to decline by December, when it had a price of $0.08. The token later rebounded to $0.14 before it ended the year with a price of $0.09. By now, it had lost about two-thirds of its value after launch.
In 2021, Stacks (STX) surged and hit $0.60 during the first week of January. A consolidation followed this before the bullish February pushed the price to $1. This let Stacks (STX) achieve a more than $1 billion market cap which was the first and let it get to a price of $2.91. The following months were of continuous decline.
By 2022, Stacks (STX) continued to decline as the crypto winter occurred. Stacks (STX) currently trades at $0.24, and even with the favorable price change in the past day, analysts believe that it might not provide many gains for investors in 2023.
Neo (NEO) Downtrend Continues As Its Future Seems Unprofitable
From the latest data on Binance, Neo (NEO) currently trades for a price of $7.02 and is currently ranked as the #70 token based on market capitalization in the entire crypto community. It has a total circulation supply of 70.54 million.
Over the past 24 hours, Neo (NEO) gained by 1.2%. This comes after a continuous price drop over the last 90 days. In 2022 Neo (NEO) was among the tokens hit by the general bearish market.
As the week progressed, Neo’s (NEO) price dropped by 20.69%. With such data on the charts, the risks have intensified for investors in the past few days, and analysts don’t think it would be a good coin for investment in 2023.
Sparklo (SPRK) Set To Perform Better Than Most Top Coins In 2023
Sparklo will allow investors to trade in minted and fractionalized NFTs backed by real-world assets such as gold, silver, and platinum. Additionally, an entire purchase of an NFT would ensure that the asset is delivered directly to the investors. Sparklo would partner with jewelry stores to give investors discounts and first-product access.
Sparklo is currently in its first presale and priced at $0.013. We believe Sparklo will be a future blue-chip token with high potential growth. Even though Stacks (STX) and Neo (NEO) tokens might be showing signs of an uptrend, analysts predict that Sparklo would perform better than Stacks (STX) and Neo (NEO) in 2023.
Sparklo passed the audit from Interfi Network to ensure security, and its liquidity will be locked for 100 years. Also, its team tokens will be locked for 1,000 days. With the presale ongoing, an early investment would be the best time to get into a project with high growth potential.
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
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.