Stellar (XLM) Has a Bearish Outlook and Investors Eye the Presale of Sparklo (SPRK)


With the collapse of many centralized banks and the overall distrust in the stability and future of FIAT currencies, now more than ever before, investors are beginning to diversify their holdings. This can be in the form of investing in rare, precious metals or through the usage of cryptocurrencies. With the recent decrease in the value of the Stellar (XLM) altcoin, many investors have turned to Sparklo.

Sparklo aims to provide the best of both of these worlds and become a solid altcoin that also powers a platform through which anyone can begin making their entry into the precious metals space.


Stellar (XLM) Decreased by 15.3% and Entered Red Zone

On May 1, 2023, Stellar (XLM) announced the SFC Recap, which represented the Financial Innovation powered by Soroban.

Moreover, the Stellar (XLM) ecosystem has also stagnated in regard to its development, and this has translated into its price as well.

As of May 8, 2023, Stellar (XLM) trades at $0.089975. Within the last 30 days, the Stellar (XLM) cryptocurrency saw a decrease of 15.3%. In the last week, Stellar (XLM) also saw a decrease in its value by 5.2%, and this has left investors worried about its future.

Sparklo (SPRK) Enables Fractional NFT Ownership of Precious Metals

The Sparklo platform is being developed with the goal of enabling anyone the opportunity to make fractional investments within gold, silver, and platinum bars.

Specifically, the non-fungible tokens (NFTs) will get minted on top of the platform, and they will then get fractionalized.

Each NFT will represent an underlying asset, such as a platinum bar, for example. Then, the investor in question can either buy 50% of the NFT or the entire NFT. If they do buy an entire NFT on top of the platform, they have the opportunity to then have the underlying platinum bar delivered to them at any location.

The Sparklo platform has also been audited by the InterFi Network, and its liquidity will also be locked for a total of 100 years. The team behind the project also completed the KYC procedure.

Picking the Right Cryptocurrency For Your Future

It is clear at this point that diversification plays a key role when it comes to maintaining a solid portfolio. With the decrease in value of even well-established altcoins, savvy investors know that the true value can be found within presale-stage projects.

The Sparklo project is currently undergoing stage two of its presale. What this means is that investors and traders have the opportunity to jump into the early stages of a project that can become a dominant force in the Web3 space.

The stage two presale price for the SPRK token is just $0.019. Before June 20, 2023, any investor will also get a 40% bonus on all purchases, which means that if they buy 10,000 tokens, for example, they will get 4,000 more.

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