Ethereum Facing Potential Price Correction, Sparklo To Offer Fractionalized Gold Investment
Sparklo is a promising cryptocurrency project that has entered the second phase of its SPRK token presale. Analysts have made projections citing a growth potential of 5,000x before the end of 2023. Consequently, numerous investors, including those who hold Ethereum (ETH) are accumulating large quantities of SPRK tokens.
Sparklo (SPRK) brings gold investment to the blockchain
Sparklo (SPRK) is about to launch a groundbreaking platform that will revolutionize the accessibility of precious metals such as silver, gold, and platinum for both low and high-income investors. Through fractionalized NFTs, investors will be able to purchase fractional shares or obtain complete NFTs. During the ongoing second phase of the SPRK token presale, investors have been buying significant quantities of the token at just $0.030 per token in anticipation of the bullish run.
The project has garnered immense promise, with investors expressing high levels of optimism regarding Sparklo’s potential. Analysts even anticipate that within its inaugural year, Sparklo will secure a prominent position among the top 100 cryptocurrencies in terms of market capitalization. Additionally, it has strategic plans to establish collaborations with jewellery stores, enabling SPRK holders to enjoy exclusive discounts and gain early access to high-quality products before they are officially launched.
Meanwhile, it has obtained a KYC application from Block Audit Report and a smart contract audit from InterFi Network. To purchase Sparklo’s SPRK token, interested individuals can utilize various cryptocurrencies, including Binance Coin (BNB), Tether (USDT), Ethereum (ETH), Solana (SOL), Bitcoin (BTC), Uniswap (UNI), Dogecoin (DOGE), and others.
Ethereum (ETH): Is price correction coming?
Ethereum’s (ETH) price has exhibited signs of recovery in recent trading sessions. From a technical analysis perspective, the overall outlook has been favourable for Ethereum (ETH) bulls, with an increase in buying strength and positive changes in both demand and accumulation. As the price started to rise, Ethereum (ETH) successfully surpassed a significant resistance level at $1,890. Breaking through this level could potentially lead Ethereum (ETH) to trade near $2,000.
Conversely, a drop from this level would bring the price back to $1,790 and possibly to $1,740. Furthermore, the Relative Strength Index (RSI) has surpassed the half-line, indicating that buyers have outnumbered sellers in the market. Within the past 24 hours, Ethereum (ETH) has seen a modest increase of approximately 3.06% to reach $1,887.35. However, when considering the weekly chart, the price has only experienced a 5.55% appreciation.
To learn more about the Sparklo (SPRK) presale, you can explore the following links: