NEO Survives Crypto Crackdown, Shiba Inu (SHIB) Faces Pressure As Investors Excited Over Sparklo (SPRK)

Place/Date: - April 26th, 2023 at 6:57 pm UTC · 3 min read
Source: Sparklo

NEO Survives Crypto crackdown, Shiba Inu (SHIB) Faces Pressure As Investors Excited Over Sparklo (SPRK)

NEO blockchain managed to retain its impressive market performance despite a brutal crackdown on crypto companies and firms by the communist party of China. NEO blockchain has even gone on to become part of the leading blockchain platforms in the country despite the ban on cryptocurrencies.

In other news, Shiba Inu (SHIB), once everyone’s favorite meme coin, is having a hard time as Digitoads is doing to it what it did to Dogecoin. While Shiba Inu (SHIB) struggles to maintain its price, a new token called Sparklo (SPRK) is exciting the web three community because of the kind of investment it offers.

NEO Blockchain Surprisingly Resilient Despite Chinese Crypto Crackdown

The communist party of China had never hidden its disdain for cryptocurrencies, so it wasn’t a shock when the government ordered a nationwide crackdown on cryptocurrencies. However, one of the most significant Chinese crypto projects – NEO – has been resilient in the face of a government crackdown.

One of the biggest moves for NEO in recent times is the adoption of the Chinese Blockchain-based Service Network (BSN), which is essentially a network for creating and managing blockchain technologies within China. Interestingly, China aims to adopt blockchain technology without giving cryptocurrencies a space to operate. Thanks to NEO’s partnership with the Chinese authorities, Citizens within China can purchase NFTs from the marketplaces available to the BSN.

Shiba Inu (SHIB) Faces Intense Competition

During the height of the meme coin phase, Shiba Inu (SHIB) was one of the most in-demand meme tokens in the world. Today, Shiba Inu (SHIB) faces intense competition from some of the hottest meme coins on the market.

Some of these projects aim to replicate the successes of Dogecoin and Shiba Inu (SHIB) while hoping to escape their failures. Unfortunately for Shiba Inu, it has been unable to replicate any bullish momentum in the past few months. Daily trade volume on Shiba (SHIB) was over $1 billion but since March, it has struggled to pass $300 million.

Sparklo (SPRK) Finance Introduces NFT-based Precious Metals Investing

Speaking of new and exciting crypto tokens, one of the latest releases that have got the Web 3 community excited is Sparklo. This NFT-based platform allows users to invest in precious metals like gold, silver, and platinum.

Sparklo reimagines an approach to investing in gold and silver. The approach aims to reduce the cost barrier as well as the accessibility barriers across many countries.

Sparklo uses fractionalized NFTs to represent a share of a person’s portfolio. The NFT can be redeemed for cash or traded on the Sparklo exchange, which thus increases liquidity for the platform.

With fractionalized NFTs, it becomes cheaper to invest in precious metals because individuals don’t have to buy whole bars of gold or silver like they would have if they were investing in precious metals through traditional methods. Instead, fractionalized NFTs allow them to buy any amount of gold or silver.

Sparklo offers very affordable fees, which reduces the financial barrier to investing in this asset class. Given the unique advantages of Sparklo, we believe it will be one of the best-performing projects once fully launched. Right now, its price is just $0.015, so we believe this is the best time to invest in a great project.

To join the ongoing Splarko presale, check the following links: Buy Presale, Website, Twitter, Telegram.

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