The Shiba Inu (SHIB) ecosystem has been having issues lately. Despite a flurry of product launches and collaborations, the second-largest meme currency by market valuation has struggled to gain new users. Details of how this affects the Shiba Inu (SHIB) token are discussed below.
On the other hand, new cryptocurrency precious metal investment platform, Sparklo (SPRK) is still on the growth trend, as its presale price has been announced to make a 13% increase.
Shiba Inu (SHIB) Network on Halt
Shiba Inu (SHIB) has not been able to attract any new network customers in the last two weeks. According to Santiment statistics, the Shiba Inu Network has reduced by 30%, from 1,624 on April 16 to 1,147 at the end of April 25.
A network’s growth is usually insured by the amount of newly created blockchain wallet addresses. It also shows that if the underlying token continues to depreciate, it will be difficult to attract new demand to help reverse the negative trend.
Shiba Inu (SHIB) has failed to attract this, as a result, the tokens’ price may experience a lengthy decline in the following days.
According to IntoTheBlock’s Break-Even Price distribution data, Shiba Inu bears will almost probably cause a drop to $0.000008.
As the price approaches its break-even threshold of $0.000010, the 36,000 addresses that acquired 10.64 trillion Shiba Inu (SHIB) tokens are anticipated to give considerable support.
If that support fails as predicted, the Shiba Inu (SHIB) price will very probably fall to $0.000008. Positive pressure from another cohort of break-even 252,000 addresses holding 60 trillion tokens may prevent a further decrease at this level of support.
Nevertheless, the bulls can debunk this negative narrative if the SHIB price rises over $0.000010. However, if that support level fails to hold, Shiba Inu (SHIB) bulls can ride the rally to $0.000016.
13% Increase Coming To Sparklo (SPRK) Presale
Sparklo is viewed as an alternative investing strategy, as it makes a revolutionary effort to change how traders interact with precious metals (Platinum, Silver, and Gold). Sparklo is generating a lot of buzz because of its revolutionary investment method.
Sparklo is currently in the presale phase. At this level, the Sparklo currency (SPRK) costs $0.015. Early investors will be able to acquire it at a reasonable cost since analysts predict it will be worth 4,000% of its current value by the end of 2023.
Sparklo’s platform provides two investment choices. Those wishing to diversify their portfolios and get exposure to a broader range of asset classes and asset types can invest in the Sparklo (SPRK) token and precious metals on the platform.
The platform has been evaluated by the Interfi network, and they are now developing a KYC application to assure the platform’s security.
Sparklo is an evolving and revolutionary platform that promises to disrupt the industry and give a more reliable and long-term strategy for investing in digital assets as the market evolves. Don’t let this chance pass you by.
Find out more about the Sparklo presale:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
