Bitcoin (BTC), the world’s largest cryptocurrency continues to suffer from poor sentiments, leading to its fifth consecutive week of institutional investment outflows. On the other hand, OKB (OKB) has been trying to recover while Sparklo (SPRK), an emerging alternative investment platform has been gaining massive traction as investors buy into the presale.
Whales buy into Sparklo’s (SPRK) gold investment platform
Sparklo is an emerging alternative investment platform built around a unique use case. To date, investing in precious metals like gold, silver, and platinum has been difficult because of their cost, accessibility, and divisibility.
Sparklo will be solving this problem by using fractionalized NFTs to give investors the chance to own fractions of these precious metals starting at $100. These NFTs backed by the actual assets will be stored in secured vaults. Sparklo has assured investors that its platform is safe and secure by passing an InterFi Network smart contract audit. The team has also secured a KYC report from Block Audit Report.
There is so much potential for Sparklo because it launches in the $13 trillion gold and $1.3 trillion silver industries. Market analysts believe as the applicability of Sparklo expands in these industries, the price of the token can rise by as much as 400x in one year. For now, Sparklo is in the second stage of its presale, and you can buy a token for $0.026.
Bitcoin (BTC) records five weeks of outflows
The crypto market, led by Bitcoin (BTC) has suffered the fifth consecutive week of investment outflows. According to CoinShares, the poor sentiment toward Bitcoin (BTC) led to institutional investors pulling $32.7 million from the number one cryptocurrency. The outflow comes as Bitcoin (BTC) continues to struggle in the market.
Since falling under $30,000 in mid-April, Bitcoin (BTC) has been on a downtrend. After weeks of consolidation, Bitcoin (BTC) is begging to show some positive signs. Over the last 24 hours, the price of Bitcoin (BTC) has gained 2.5% to trade as high as $27,400.
OKX applies for France approval, OKB (OKB) recovers
Leading crypto exchange, OKX has applied for regulatory approval in France. OKX, the issuer of OKB (OKB) has applied to be regulated by the Autorité des Marchés Financiers (AMF). If approved OKX will become a registered Digital Asset Service Provider (DASP) and can issue OKB (OKB) along with other cryptocurrencies.
The price of OKB (OKB) has reacted positively to the news. Over the last 24 hours, the price of OKB (OKB) has increased by 1.7% and is now in the green over the last week. At the time of this writing, OKB (OKB) trades at $46.38. However, the gains of OKB (OKB) are considered minor to what Sparklo will yield upon launch.
Find out about the Sparklo (SPRK) presale using the links below:
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