Sparklo the Game Changer to Tackle Bitcoin (BTC) Price Decline and Ethereum (ETH) Whales

Place/Date: - May 8th, 2023 at 8:22 am UTC · 4 min read
Source: Sparklo

Sparklo the Game Changer to Tackle Bitcoin (BTC) Price Decline and Ethereum (ETH) Whales

The cryptocurrency marketplace is one of the  most dynamic and fast-growing industries that has been gaining momentum through new trends and buzzwords. Amongst its growing trends, Decentralized finance (DeFi) – is taking over the world of finance and it seeks to eliminate intermediaries in financial transactions. Based on research, DeFi is opening up multiple avenues for investors to earn passive income.

The emergency of Sparklo will pave the way for Investors to invest in NFTs representing real luxury investments in real world platinum, gold and silver bars which may very well end up becoming a blue-chip crypto, in any case, it has significant potential for growth.

Mysterious Ethereum Whale Moves $505 Million in Ethereum (ETH)

Earlier this week, the community was captivated by a mysterious Ethereum whale that made waves by transferring almost $505 million worth of Ethereum (ETH). Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, to the leading cryptocurrency exchange Binance.

The transaction, which attracted attention after being initially spotted by blockchain tracker Whale Alert, was executed with a mere 0.00183 Ethereum (ETH) coins (equivalent to roughly $3.38) in transaction fees.

Experts at on-chain crypto analytics firm Santiment revealed that this transfer represents one of the most significant self-custody-to-exchange transfers in the past five years in Ethereum (ETH) related transactions.

This week witnessed another substantial transfer of Ethereum involving a large quantity of the cryptocurrency. An anonymous wallet sent about 77,482.16 Ethereum (ETH) coins in six separate transactions to various Coinbase addresses within a 12-hour period on Monday. With Ethereum (ETH) trading at over $1,870, the combined value of these transactions surpassed $145 million.

Investors Raises Concern as Bitcoin Price Continues to Decline

On Tuesday, the cryptocurrency market experienced a decline ahead of the highly anticipated FOMC (Federal Open Market Committee) meeting. Bitcoin (BTC), the world’s most popular cryptocurrency, faced a decline of 2.04%, while Ethereum (ETH), the second-largest cryptocurrency, fell below the $1,850 mark. Investors were closely monitoring the Federal Reserve’s announcement regarding interest rate hikes on Wednesday, which was expected to have a significant impact on the markets.

Bitcoin (BTC) has had a strong year so far, registering growth in all four months of the year, despite experiencing a short-term downtrend with a strong support level at $27,000. This has given investors some confidence in Bitcoin’s (BTC) long-term prospects, and many analysts believe that Bitcoin’s (BTC) recent dip is merely a correction in a larger bullish trend.

The global cryptocurrency market cap increased by 1.51%, trading around $1.16 trillion, with Bitcoin (BTC) currently having a market cap of roughly $543 billion. However, Bitcoin’s (BTC) volume in the last 24 hours stood at approximately $15.74 billion, falling 13.55% in the last 24 hours.

Sparklo (SPRK): The Next Big Investment Platform

The investment industry is changing with Sparklo. This is due to its creative strategy of investing in precious metals. Their platform allows people from all financial settings to acquire a fraction of precious metals. These include gold, silver, and platinum, through NFTs.

Moreover, the NFTs can be redeemed for the physical asset.  This can be delivered straight to the purchaser’s preferred location. Hence, to guarantee utmost transparency and security, the Sparklo team is currently undergoing a KYC application process, and the results will be published this month.

In addition, the Interfi Network has audited the platform, and the liquidity has been locked for 100 years, ensuring the long-term sustainability of the project.

The team has also shown their dedication to the project’s long-term success by locking their tokens for 1,000 days. For investors who wish to capitalize on this exciting opportunity, the presale is currently in Levell Two, with a price of $0.019 per share and a 30% bonus on every purchase until June 20th.

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