After a major rally, the sentiment of the cryptocurrency market is currently mixed, with some cryptos gaining, while others losing considerably to the bulls.
Dogecoin (DOGE) and Solana (SOL) are currently on the bearish end of the market, with this sentiment expected to spread until next month. On the other end of the market, Sparklo is gaining major momentum as it opens for presale.
Dogecoin (DOGE) and Solana (SOL) Likely To Go Red
Dogecoin (DOGE) is currently in the bear territory after Elon Musk announced in an interview that some U.S. government agencies had full access to the activity of Twitter users, including direct messages.
Given Elon Musk’s support for Dogecoin (DOGE) and his recent change of the Twitter logo to the Dogecoin logo on Twitter, the popular memecoin has suffered price drops.
At the time of this writing, Dogecoin (DOGE) is the only top 10 crypto by market cap to be in the red over the last week at -1.4%. Given the weight of the report, Dogecoin (DOGE) could likely trade in the red entering next month.
Despite the recent Grayscale Solana (SOL) Trust launch, the altcoin has remained in bear territory. This is partially fueled by the fact that Solana (SOL) failed to observe any inflows but instead registered outflows over the last week.
Data from HelloMoon also shows that the number of new Solana (SOL) addresses has fallen by 39% from 188,000 at the beginning of the year to 113,000 at the time of writing. These are further signs that speak long-term bear market for Solana (SOL).
Sparklo Keeps Gaining Traction
While the market sentiment looks bearish for Dogecoin (DOGE) and Solana (SOL), an upcoming crypto project, Sparklo has been building considerable steam as it opens the stage of its token presale.
The traction Sparklo is building can be linked to the crypto industry waiting to have the first metal trading platform built on the blockchain. Sparklo seeks to allow investors to buy fractions of precious metals – silver, gold, and platinum.
As per the project’s whitepaper, Sparklo will create fractional NFTs to allow investors to buy smaller amounts of gold, silver, and platinum. These digital assets will be backed by physical precious metals, and investors who buy the whole NFT of any can have them delivered to their houses.
Even before launch, Sparklo has already been audited by the InterFi Network, further raising trust in the project. The platform will also connect buyers and sellers from all over the world – without needing intermediaries. interesting.
Sparklo has recently launched the stage of its token presale and has seen droves of investors begin purchasing the token. Sparklo currently trades for $0.015 in stage one of the 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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