Algorand (ALGO) and EOS (EOS) Showcase Decreased Momentum and Value, while Sparklo (SPRK) Gains Attention

Place/Date: - May 1st, 2023 at 2:48 pm UTC · 3 min read
Source: Sparklo

Algorand (ALGO) and EOS (EOS) Showcase Decreased Momentum and Value, while Sparklo (SPRK) Gains Attention

Investors within the Web3 space are consistently looking for new projects that can showcase a high level of growth. Experienced veterans in the industry know that the best value can be achieved from getting into the early stages of a project, specifically throughout its presale stage.

As some of the most well-known projects, such as Algorand (ALGO) and EOS (EOS), begin declining in value, Sparklo, a notable presale-stage project, has gathered a lot of attention. Today, we will review each cryptocurrency individually to see why they stand out.

Sparklo (SPRK) Can Change the Web3 Space with Fractionalized NFTs in Precious Metals

Sparklo as a platform will enable anyone the opportunity to get into the precious metals investments space.

Whenever someone makes an investment, a non-fungible token (NFT) gets minted, then it gets fractionalized on top of Sparklo. Through the platform, anyone can buy a fraction of an NFT or an entire NFT that represents a gold, silver, or platinum gold bar. At the point in time when an investor buys an entire NFT that represents a gold bar, for example, they can have the NFT delivered to them to any address.

As for the level one presale, the value of the SPRK cryptocurrency is at just $0.015, it’s expected to increase by the end of this week to $0.017. Analysts predict that its value can jump by 40x within the next few months, and investors who want to leverage this opportunity can get it at the presale stage.

Algorand (ALGO) Announced Breaker but Still DIpped by 19.2%

Algorand (ALGO) teamed up with Coin Desk to throw a dinner celebrating some of Web3’s top leaders, thinkers, and builders at the Consensus 2023 event.

The Algorand (ALGO) developers page also announced Breaker, a framework for building smart contracts on top of the network using PyTeal.

When we go over the value of the Algorand (ALGO) cryptocurrency, as of April 29, 2023, it traded at $0.184094.

Within the last 30 days, Algorand (ALGO) decreased in value by 21.9%. Throughout the past two weeks, however, Algorand (ALGO) has also declined by 19.2%. With this in mind, it is clear why investors are diversifying.

EOS (EOS) Decreased by 17.1% Despite Open Sourcing Their EVM Code

On April 27, 2023, the EOS (EOS) Network Foundation announced that the EVM source code had been officially open-sourced.

EOS (EOS) also showcased that the EVM is one of the most innovative EVMs on the market due to the Silkworm Architecture, Crypto Primitives, and 1-second block times.

However, when we go over the value of the EOS (EOS) cryptocurrency, as of April 29, 2023, it traded at $1.04.

Within the last 30 days, the EOS (EOS) cryptocurrency decreased in value by 9.8%. Within the last two weeks, however, its decrease was more significant at 17.1%. With this in mind, investors and traders are worried about the future of the EOS (EOS) altcoin.

Find out more about Sparklo: WebsiteTwitterTelegram,  Presale.

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