The crypto market has taken a hit after the SEC sued Binance and Coinbase for selling illegal securities. Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have particularly been hit hard as investors flee to safety. Unlike Bitcoin, Shiba Inu (SHIB) and Dogecoin (DOGE) have no intrinsic value and only tend to do well in times of high market optimism.
However, even as uncertainties grow in crypto and the financial markets, investors are not running away but adapting. One of the adaptations has been to shift focus to low-risk, crypto presales. This trend has benefited fundamentally strong cryptos like Sparklo, which is still in presale. This explains why some analysts believe Sparklo has the potential to do 4,000X or more in gains within 2023 – regardless of broader market dynamics.
Sparklo (SPRK) investors now enjoying a 50% bonus on tokens
Sparklo is enjoying much investor attention as stage two of its presale picks up momentum. This has much to do with the ongoing presale bonus of 50% on tokens bought. Picture this, Sparklo is currently going for $0.036. However, thanks to the 35% bonus offer. If Sparklo does a 4,000% rally, as many analysts predict, the extra token can make all the difference in dollar gains.
What are the odds of Sparklo doing a 4,000% rally? If Sparklo’s fundamentals are anything to go by, this is easily attainable. Sparklo wants to revolutionize the precious metals market, which is worth over $750 billion. Sparklo wants to make it possible for small investors to buy precious metals in the form of NFTs. The best part is that actual precious metals will back these NFTs. This means investors who buy a whole unit of the NFTs can take physical delivery of gold, silver, or whatever other metal is backing the NFT.
Sparklo is also hugely attractive to investors for its security features. Sparklo has a 100-year liquidity lockup, meaning the founding team cannot dump on investors and leave them holding worthless bags. On top of this incentive for the founders to work on the project, Sparklo’s smart contract is also audited and found clean of vulnerabilities.
Dogecoin (DOGE) slides as SEC goes after exchanges
Dogecoin (DOGE) is bearish after the SEC announced that it was going after Binance and Coinbase for selling illegal securities. Dogecoin (DOGE) is particularly hit because it has no actual adoption in the market. Naturally, this means investors have started fleeing to safety, and buying volumes have taken a hit.
Besides, with the Elon Musk factor on Dogecoin (DOGE) long gone, investors don’t expect any major run-up in the price for Dogecoin (DOGE) in the short term. This may explain why volumes are flowing away into high-potential presales such as Sparklo.
Shiba Inu (SHIB) tanks weighed down by the broader market
Like Dogecoin (DOGE), Shiba Inu (SHIB) is increasingly bearish. Shiba Inu (SHIB) is weighed down by Bitcoin (BTC), which by all indications, could see some more downside in the short term. However, Shiba Inu’s (SHIB) buying volumes dropped before the SEC news. It indicates that investors are overall bearish on Shiba Inu (SHIB) mainly due to the competition it faces from upcoming meme coins.
Investors are also increasingly looking at fundamentals when making long-term crypto plays. This may explain why, while the likes of Dogecoin (DOGE) and Shiba Inu (SHIB) record a drop in buying volumes, the likes of Sparklo (SPRK) have seen a spike in buyer numbers.
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