Sparklo (SPRK) Gains As Fantom (FTM) Price Fall Beyond Support Zone


With dozens of different projects launched daily, it is not uncommon for investors to select suitable projects with unique utilities that set them apart from other projects. Some of these unique utilities would provide solutions to real-world problems.One such project that wants to revolutionize blockchain investing is Sparklo. Let us see how it stands different from Fantom (FTM).


Sparklo (SPRK) leaping through the second presale phase

Sparklo is an investment platform built on the Ethereum network. Sparklo, as a project, aims to create the first alternative-investment trading platform that allows traders and retail investors to invest in metals such as gold, platinum and silver.

Each investment in the Sparklo platform will result in the minting and fractionalizing of an NFT on the blockchain that users can invest in. An investor can choose to purchase the whole NFT or just fractionalized parts of it. If the user purchases a whole NFT, they can choose to have the equivalent asset delivered to their desired location. Instead of buying jpeg NFTs, users’ NFTs are backed by real-life precious metals.

The liquidity is locked for 100 years as a plus the KYC application has been submitted and approved, so investors can be confident that their transactions are trackable and cannot be altered once it has been recorded on the blockchain. Sparklo is currently in its second presale phase and tokens are selling for just $0.022. The platform has also been fully audited by the InterFi Network and analysts predict a jump of 1,500% in the coming months.

Fantom (FTM) faces a decline after failing to consolidate

Fantom’s (FTM) current price is $0.371057, with a $421.70M 24-hour trading volume, a $1.03B market value. The previous day, the price of Fantom (FTM) dropped by -1.01%. Fantom’s (FTM) highest price was recorded on October 28, 2021, when it traded at an all-time high of $3.47, while Fantom’s (FTM) lowest price was noted on March 13, 2020, when it traded at an all-time low of $ 0.001762. Since Fantom (FTM) ATH, the price dropped to $ 0.164761 (cycle low).

Since the last cycle low, the Fantom (FTM) price has risen to a cycle high of $0.654477. The current Fear & Greed Index reading is 49 (Neutral), while the Fantom (FTM) price forecast sentiment is negative. Out of a maximum quantity of 3.18B FTM, 2.79B Fantom (FTM) is now in circulation. Since the annual supply inflation rate is 9.55%, 242.95M Fantom (FTM) was produced in the previous year. Fantom (FTM) is presently rated #6 in the DeFi Coins category and #24 in the Layer 1 sector regarding market cap.

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