Avalanche (AVAX) Value May Be Affected by Temporary Shut Down on KuCoin, Sparklo (SPRK) Getting Ready to Take Over

April 27th, 2023 at 9:08 am UTC · 3 min read

Avalanche (AVAX) Value May Be Affected by Temporary Shut Down on KuCoin, Sparklo (SPRK) Getting Ready to Take Over
Photo: Sparklo

Avalanche (AVAX) deposit and withdrawal services are quite popular in the cryptocurrency market. Besides being rivals with Ethereum (ETH), the Avalanche (AVAX) is known for its speed and scalability. Unfortunately, even popular crypto platforms and currencies are still open to ‘bad news.’ Avalanche (AVAX) recently got one.

KuCoin exchange recently announced a temporary closure of Avalanche (AVAX) Deposit and Withdrawal Services. While this may have a negative effect on the value of Avalanche (AVAX), other tokens like Sparklo (SPRK), are building up to take over and overtake the positions of slacking tokens.

KuCoin Announces Temporary Closure of Avalanche (AVAX) Deposit and Withdrawal Services

According to a statement from cryptocurrency exchange KuCoin, Avalanche (AVAX) deposit and withdrawal services have been temporarily disabled. The cause, according to the statement, is node maintenance.

The exchange announced on its official website that it made this decision to preserve the security of Avalanche (AVAX) customer accounts and assets during the restoration process.

KuCoin has not stated when these services would be resumed. However, the exchange has guaranteed its users that they would be alerted when the Avalanche (AVAX) services are restored via a subsequent announcement.

However, users of Avalanche (AVAX) who have cryptocurrencies on the exchange are likely to experience inconvenience as a result of the temporary suspension of deposit and withdrawal services on KuCoin.

This closure may have an impact on the price of KuCoin (KCS), however, the price is $8.24 today, with a 24-hour trading volume of $1,594,349. This reflects a 3.48% increase in the previous 24 hours and a -6.90% decrease in the last seven days. KuCoin (KCS) has a market valuation of $796,394,501 and a circulating supply of 97 million KCS.

Sparklo (SPRK) Building to Take Over

The swiftly evolving digital world marked a new era of investment options, and retail investors are looking for cutting-edge platforms to profit from the thriving cryptocurrency market. Sparklo (SPRK) is a cutting-edge cryptocurrency investment platform that provides ordinary people with unparalleled access to the expanding cryptocurrency industry.

The platform gives investors a novel opportunity to buy fractional stakes in NFTs that are backed by gold, silver, and platinum bars. By purchasing the complete NFT rather than just a fraction of it, investors can get their hands on the physical asset, by having it delivered to any location of their choice.

Sparklo (SPRK) respects the basic values of security and transparency through strong regulatory standards and robust security procedures, allowing investors to trade with confidence. Thanks to the platform’s supplementary educational content and information, investors may stay up to speed on the newest bitcoin market developments.

The token’s presale is currently ongoing, at a price of just $0.015 per token. This is one of the least-priced tokens with maybe the most growth potential. According to experts, the token’s value will increase by more than 4000% in the future year.

Furthermore, Sparklo has undergone an audition by the smart contract company, InterFi Network verification and is currently working on a KYC verification for the platform. All of this is to assure investors and potential investors of the platform’s security.

Find out more about Sparklo: WebsiteTwitterTelegram,  Presale.

Disclaimer: Coinspeaker is not responsible for the trustworthiness, quality, accuracy of any materials on this page. We recommend you conduct research on your own before taking any decisions related to the products/companies presented in this article. Coinspeaker is not liable for any loss that can be caused due to your use of any services or goods presented in the press release.