The cryptocurrency market regularly sees new tokens emerge daily, trying to battle for dominance and superiority. As Pancakeswap (CAKE) and Aptos (APT) are falling behind in that battle, a new competitor, Sparklo (SPRK), is on the path to surpassing all other tokens.
Aptos (APT) Token Unlocking Sees Price Drop
Aptos (APT) has been trading at two digits for the past month, showing intense buying pressure on the recently launched token. But after a scheduled unlocking that will open over $50m worth of tokens to the market, Aptos (APT) price dropped below the $10 mark. At the time of writing, Aptos (APT) has barely reclaimed the $10 mark and is currently trading at $10.09, according to CoinMarketCap stats.
Aptos (APT) is a secure and scalable network that has been developing for three years. Aptos (APT), commonly called the ‘Solana Killer,’ is a layer one blockchain that aims to bring a solution that will open the way for widespread adoption of Web3.
Aptos (APT) has successfully raised millions of dollars in funding from Web 3 giants like the now-crumbled FTX, Tiger Global, Jump Crypto, and finally, Binance, raising a massive $4 billion. Will Aptos (APT) maintain its steady rise back to the two digits price, or will the unlocking cause a spiral down?
Pancakeswap (CAKE) Price Free Falling as Attempts To Resurrect Token Fails
Pancakeswap (CAKE) price has fallen significantly in the past few days. Even though the cryptocurrency market has not seen significant movements, the value of Pancakeswap (CAKE) has lost over 25% in 1 week alone. Although Pancakeswap (CAKE) is one of the significant decentralized exchanges, platform users are quickly losing their confidence.
The recent downfall of Pancakeswap (CAKE) price can be linked to Cake DeFi’s CEO Hosp statement that the yields that liquidity providers and farmers of the decentralized exchange get will gradually become lower and lower.
While this is one reason, the recent failure of the Silicon Valley Bank (SVB) is another primary reason investors may be growing cold feet. According to data from DeFi Llama, the total staked value of Pancakeswap (CAKE) dropped from $926 million to a little over $700 million 2 days ago, making a decline of about 16%.
Sparklo (SPRK) Flourish During First Stage Presale
Sparklo is a one-of-a-kind investment platform for traders and investors alike to purchase and invest in metals like gold, silver, and platinum bars backed by real-life copies. The investments will result in an NFT being minted on the blockchain.
This revolutionary feature will redefine how precious metal investors view cryptocurrency and open new investment channels. Interfi Network has audited the Sparklo team, and the KYC is currently being processed so investors and traders can rest assured that funds are safe and secure.
To be a part of this incredible development, partake in the presale for Sparklo by purchasing tokens with only $0.015, which is set to increase to $0.017 after this weekend, and also get a buying g bonus of 30%.
This is a promising investment opportunity that you should check out.
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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