Sparklo (SPRK) Outperforms Other Altcoins As BNB (BNB) Price Drops Again
Cryptocurrencies have gained immense popularity in recent times, attracting investors into the crypto space. However, many altcoins like BNB (BNB) have maintained a bearish outlook for more than a month now. One project that has not been affected by the bearish sentiment of the crypto market is Sparklo, thanks to its unique use case that allows investors to trade gold using its native SPRK token.
Sparklo (SPRK): leverage the new way to invest in precious metals
Sparklo is a project that will offer a range of exclusive features to its users. Its primary objective is to enable investments in valuable metals such as Gold, Platinum, and Silver. Traditionally, many investors faced barriers to accessing these valuable assets. However, Sparklo aims to eliminate these obstacles and provide equal opportunities for all.
At present, Sparklo tokens are available at a discounted price of just $0.026 during the ongoing token presale. Notably, industry experts have forecast an impressive growth potential of 1,500% for Sparklo tokens by December 2023, presenting an enticing investment opportunity. As demand increases, the token’s value is expected to rise accordingly.
To ensure user security, Sparklo has implemented a 100-year liquidity lock, effectively preventing potential rug pulls. Additionally, the platform’s smart contract has undergone a thorough audit by InterFi Network, further validating Sparklo’s unwavering commitment to maintaining a transparent and secure ecosystem.
BNB (BNB) bears targeting new lows
During the previous week, BNB (BNB) price made an attempt to break above the $312 resistance level. However, similar to Bitcoin and Ethereum, the bulls faced difficulties in gaining momentum above $315. The price of BNB (BNB) formed a high near $315.5 but has since started to decline, breaking below the 50% Fibonacci retracement level. Currently, BNB (BNB) is trading below both the $312 level and the 100 simple moving average (4H).
If BNB (BNB) fails to overcome the $315 resistance, it could continue its downward movement. The initial support on the downside is anticipated near the $307 level, followed by a major support level near $305. A break below $305 for BNB might trigger an extended decline toward the $300 support, and further losses could push the price toward the $284 support. At press time, BNB (BNB) is trading at $308.36, Over the past 24 hours, the token’s price has experienced a decline of 1.61%.
Find out about the Sparklo (SPRK) presale using the links below:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
Disclaimer
This article is a paid publication and does not have journalistic/ editorial involvement of CoinGape. CoinGape does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein. Do your market research before taking any actions . The author or the publication does not hold any responsibility for your personal financial loss.
