Place/Date: - April 20th, 2023 at 9:04 pm UTC · 3 min read
The reign of Bitcoin (BTC) as the leader of the bull market is coming to an end, with the altcoin season (altseason) just around the corner. Previous altseasons have featured the likes of Ethereum (ETH), Cardano (ADA), and Ripple (XRP), but this time, we would have new leaders.
With the current trend in the market, many cryptocurrency traders believe that the new faces to lead the new altseason include Decentraland (MANA), Ethereum (ETH), and the newcomer Sparklo.
Can there be the mention of an altseason without Ethereum (ETH)? At least not yet. In fact, the calls for the latest altseason began with a major rally from Ethereum (ETH), which eclipsed that of Bitcoin for the first time in months.
The major reason why Ethereum (ETH) could lead yet another altseason is the timing for the Shapella upgrade, with stake Ethereum (stETH), set to be released along with other updates that will increase the performance and reduce transaction fees, Ethereum (ETH) is in a great position for a rally.
Metaverse tokens enjoyed a great run in 2022, but the interest waned as artificial intelligence (AI) entered the scene in the last quarter of the year. However, Decentraland (MANA) is moving more than just and will encourage more developers to start building on the project.
To this end, Decentraland (MANA) has announced that it has entered the alpha phase of SDK7 (Software Development Kit) to encourage the development of dApps on the platform.
Decentraland (MANA) has already done more than 110% since the start of the year. With more developers coming to the network, it’s easy to see why Decentraland (MANA) could be a frontrunner in the altseason.
While the performance of Tether (USDT) in a shrinking market is impressive, many experts are predicting that Sparklo will outperform the entire cryptocurrency market in the first year of its launch.
This is because Sparklo is building a platform that will give everybody the accessibility to invest in precious metals like silver, gold, and platinum. Sparklo hopes to achieve this regardless of the cost of a bar of gold, silver, or platinum.
The biggest potential of Sparklo lies in the industries it is about to enter – the global market cap of gold is over $13 trillion, the global market cap of silver is over $1.42 trillion, and platinum stands at over $273 billion.
Coveting a small portion of the metal trading industry will definitely skyrocket Sparklo into the top 100 cryptocurrencies ranked by market cap. This is why many experts believe Sparklo can yield a 5,000x return in the first year of its launch.
Sparklo is in stage one of its presale, and investors can get a token currently at $0.015 with a limited 25% return on their investment. The presale is open from now until May 5th.
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