In recent years, the traditional financial system has witnessed a significant transformation due to the emergence of cryptocurrencies. However, choosing the right crypto projects to invest in can be challenging amidst numerous options such as Cosmos (ATOM) and Bitcoin Cash (BCH). Nevertheless, smart investors understand that the best moment to invest in a project is during its early stages. One project that is making waves currently is Sparklo.
Sparklo (SPRK) offers a unique investment opportunity for crypto enthusiasts
Sparklo is about to revolutionize the crypto investment landscape by facilitating investments in valuable metals like Silver, Gold, and Platinum. Previously, accessing these assets was a challenge for investors. However, Sparklo aims to eliminate these barriers and provide a seamless investment experience.
Sparklo plans to lock its liquidity for 100 years, to promote stability and mitigate short-term volatility. Additionally, team tokens will be locked for 1000 days, demonstrating the team’s dedication to the project’s success. Furthermore, InterFi Network has audited Sparklo’s smart contract.
Currently, early buyers can buy Sparklo tokens at just $0.026 per token and receive a 50% bonus. Besides, industry experts have projected an impressive 1,500% growth potential for Sparklo tokens by December 2023. This forecast positions SPRK as an enticing investment prospect we believe you should consider.
Cosmos (ATOM): bears dominate the market
Cosmos (ATOM) analysis shows that it is trading below its 200-Day and 50-Day Simple Moving Averages (SMA), indicating a bearish market sentiment. The recent legal battle with Grace Yu, the platform’s former growth and strategy chief, has negatively affected the price of Cosmos (ATOM), hindering any potential bullish momentum. Currently, Cosmos (ATOM) is trading between $10.160 and $11.301 support and resistance levels.
If Cosmos (ATOM) breaks through the $10.160 primary support level, it will confirm the bearish momentum, and the next support level at $8.441 might be targeted by bears. According to data from CoinMarketCap, Cosmos (ATOM) price is $10.26, a 2.49% price decline in the last day.
Bitcoin Cash (BCH) miners selling their reserves
According to IntoTheBlock’s Bitcoin Cash (BCH) Miner Reserves data, some recognized miners and mining pools holding a certain number of coins in their wallet addresses have started offloading them. Between April 29th and May 23rd, Bitcoin Cash (BCH) miners sold over 550,000 coins, valued at over $62.15 million at the current market value of $113. These coins represent approximately 2.8% of the total Bitcoin Cash (BCH) circulating supply.
Meanwhile, if the bears can break the critical $110 support zone, Bitcoin Cash’s (BCH) price could drop to $100. However, the bearish prediction can be invalidated if Bitcoin Cash (BCH) breaks above the critical $115 resistance level. By press time, Bitcoin Cash’s (BCH) price has dropped by 3.40% and trades at $111.82.
Find out about the Sparklo (SPRK) presale using the links below:
Website: https://sparklo.finance
Presale: https://invest.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.