The tussle between buyers and sellers determines the direction of the crypto market, which at the moment is bearish. As selling pressure hits Toncoin (TON) and Optimism (OP), attention shifts to Sparklo and its promises of return, which we will discuss in this article.
Sparklo (SPRK) is the world’s first rare metals blockchain investment platform
Sparklo is the world’s first gold, silver and platinum blockchain-based investment platform. The unique investment model will allow investors to invest in NFTs that represent real luxury investments.
Sparklo’s native token, $SPRK, is currently in its presale stage and costs only $0.022, with a 50% bonus. Sparklo has been predicted by analysts to experience about a 2,000% increase by the end of 2023, placing it as the go-to investment for investors.
Sponsored
Sparklo’s smart contract has been audited by InterFi Network and the KYC audit has been completed by the team. Furthermore, to secure investment, the tokens of the team will be locked for 1,000 days and liquidity will be locked for a lifetime.
Optimism (OP) selling pressure continues
Optimism (OP) is an Ethereum layer-2 scaling platform. Optimism (OP) is preparing for a major upgrade to its mainnet, Bedrock, next month on June 6. In a tweet released yesterday, May 15, the Optimism Foundation stated that during the upgrade, there will be 2-4 hours of downtime on the Optimism (OP) mainnet, with deposits and withdrawals unavailable.
At the time of writing, Optimism (OP) is trading at $1.62 but has been in a bearish trend. In the past 24 hours, Optimism (OP) is down by 2.2%, in a further downtrend of 5.7% in the past 7 days, and 38.9% down in the past 30 days, at the time of writing. Optimism (OP) selling pressure is disconcerting, with long-term investors now moving their investment elsewhere.
Toncoin (TON) struggles with bears
Toncoin (TON) is a decentralized layer-1 blockchain. While Toncoin (TON) was developed by the popular messaging platform, Telegram, it was abandoned and then taken over by the TON Foundation.
Toncoin (TON), trading at $1.99, has been consolidating within the past 24 hours, down by 0.08%. However, on longer charts, Toncoin’s (TON) selling pressure is evident, as it is down by 2.1% in the past 7 days and a further 14.4% decrease in the past 30 days. With the bears struggling to force a rally in Toncoin (TON), investors believe investment in Sparklo, the presale token, will provide better returns than Toncoin (TON).
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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