With the market downturn, many cryptocurrencies are having issues being profitable. This has left investors and crypto enthusiasts seeking opportunities or discoveries that would increase their portfolios while providing gains for losses they made.
But, with the ongoing Sparklo presale attracting attention from numerous persons in the crypto community, market analysts predict that this protocol will overtake coins like Tezos (XTZ) and Chain (XCN) in 2023.
Tezos (XTZ) Investors Aren’t Confident In An Uptrend
Tezos (XTZ) token has dropped nearly 70% since the year’s beginning; from its all-time high in October 2021, Tezos (XTZ) has plunged about 85%. In 2022, Tezos (XTZ) started trading at $4.352, but market uncertainties pushed down the price to $3.799 by January 10. A further continuous downtrend led the price to $2.550, after which an uptrend backed by market sentiments took Tezos (XTZ) to $4.602 by February 4.
Market sentiments caused by FED tapering and geopolitical tusslings pushed the price downwards to trade at $2.932 on February 24. After a short retracement to $3.536, Tezos (XTZ) still moved down to $2.910 on March 14, while an uptrend after that took the price to the quarter closing of $4.009.
This continuous decline in the price of Tezos (XTZ) can be seen as a result of the uncertainty and the volatility that characterized the cryptocurrency market and broader market in 2022. At the time of writing, Tezos (XTZ) trades at $1.36, a steep decline from its all-time high of $9.17. With this, investors are still determining if the price will increase soon.
Chain (XCN) Investors Not Optimistic In The Short Term
When Chain (XCN) rebranded and was introduced into the market in march 2022, it had a price of $0.05, which gradually climbed up until reaching its peak of $0.1161 in April. But, this uptrend was short-lived as Chain (XCN) fell downwards to $0.07148 in May when the news of the UST stablecoin depegging was released.
However, later that month, Chain (XCN) moved upwards, and on May 27, the price obtained its all-time high of $0.1841. But since getting to this price point, the price has declined until a partnership with the New England Patriots NFL helped it recover to $0.07856 on September 24. As a result, Chain (XCN) currently trades at $0.00551632 after a three-month continuous downtrend leaving investors uncertain concerning the token’s future.
Sparklo (SPRK) is set to overtake other altcoins in 2023
Sparklo presale is currently ongoing, and it has successfully gained the attention of investors and analysts. Sparklo will be an investment platform that allows users and investors to invest in minted and fractionalized NFTs backed by real-world assets such as silver, gold, and platinum. Sparklo currently goes for a price of $0.013, offering investors the opportunity to get substantial returns in its early stages.
After ensuring the team token is locked for 1,000 days, liquidity will also be locked for 100 days. Having passed an audit from Interfi Network, Sparklo has already put in place every safety precaution, and analysts predict that Sparklo will overtake other altcoins like Tezos (XTZ) and Chain (XCN) in 2023.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
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