The sheer number of cryptocurrencies in the market means investors are constantly looking for the project that would yield the best investment for them. Most times, the more popular digital assets don’t yield the returns investors seek.
Altcoins need to remain relevant to avoid being quickly overthrown by the massive growth of the newcomers. In the fast-paced crypto market, Injective (INJ) and Stacks (STX) could lose their battle against an interesting project in Sparklo.
Injective (INJ) and Stacks (STX) Struggles
Injective (INJ) is one of the most interesting crypto projects as it seeks to build an open-source, interoperable layer-one blockchain for building powerful DeFi applications. Injective (INJ) also provides plug-and-play financial infrastructure primitives.
Stacks (STX) is another interesting project, as it brings smart contracts to the Bitcoin blockchain. With the Stacks (STX) network, developers can deploy smart contracts and decentralized applications on the Bitcoin blockchain.
Injective (INJ) and Stacks (STX) are both interesting projects that have enjoyed support from the cryptocurrency market. However, they seem to have lost a lot of steam, and it is backed by on-chain data.
According to data from the on-chain tracker, Santiment, Injective (INJ) has fallen to a level where the price of the digital asset was driven by a position where investors might feel a Fear of Missing Out (FOMO).
In addition, the number of active addresses of Injective (INJ) and Stacks (STX) has dropped over the last 30 days. While Injective (INJ) and Stacks (STX) are losing steam, Sparklo has been gaining considerable momentum after it launched its presale.
Sparklo to Outperform Injective (INJ) and Stacks (STX)
The reason why Sparklo is gaining momentum is the first-ever blockchain-based investment platform being developed by Sparklo. The project will allow everybody to buy and sell fractionalized NFTs backed by physical gold, platinum, or silver bars, completely transforming the metal investment market.
Using blockchain technology, Sparklo will allow investors to buy any amount of gold, silver, or platinum they want, solving the accessibility and affordability issues limiting the metal investment market.
While still in presale, Sparklo has been audited by the InterFi Network to assure users of its codes and reserves. In addition, the team behind the Sparklo project is now processing a KYC application with relevant authorities and the results are expected to be posted this month.
Sparklo holds so much promise that investors are counting on the project to enter the top 100 cryptos ranked by market cap in the first year of its launch. The project is currently in the first stage of its presale and is trading for $0.015.
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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