The cryptocurrency market has recently seen some exciting developments, with new cryptocurrencies taking on the old ones. One such example is Sparklo, which has been challenging old cryptocurrencies, Ripple (XRP) and Bitcoin (BTC).
Despite the fact that Bitcoin (BTC) and Ripple (XRP) are old players on the field, the young contender, Sparklo has managed to steal the spotlight from them.
Investors looking to Profit from Sparklo’s (SPRK) Pre-sale
Sparklo aims to create the first blockchain investment platform devoted to trading and investing in Silver, Gold, and Platinum. It plans on maintaining current conditions of precious metal investments while making use of all the advantages of adopting blockchain technology.
Global buyers and sellers will be linked via Sparklo. When they want to buy or sell anything, they can all give each other price quotes in the same way traders in traditional metal investment platforms can.
Like any exchange, this pricing competition pushes everyone to offer highly competitive prices, including Sparklo itself, so traders always get the best quotation from whoever is giving it.
Interfi Network has approved Sparklo, and the platform’s KYC application has been approved. Also the platform will lockup liquidity for 100 years.
Due to Sparklo’s use of blockchain technology, which enables safe, open transactions without middlemen, investors can rest comfortable knowing their money is secure.
The platforms’ token presale is currently ongoing with stage two just gone live. Each Sparklo (SPRK) token is currently being sold for just $0.019.
Flash Rally in Bitcoin (BTC): A Case of Low Liquidity
On May 2, Bitcoin (BTC) saw a temporary increase on the well-known cryptocurrency exchange Bitfinex. For a brief time, it cost more than $56,000, an increase of 100%.
The abrupt price in Bitcoin (BTC) surge confused many Bitcoin (BTC) traders and investors because it was brief and was followed by an equally swift decrease.
The Bitcoin (BTC) platform’s low liquidity, which encouraged price manipulation and enhanced the market impact of large orders, is to blame for the issue. Due to a variety of factors, such as increased regulatory scrutiny and a general decline in Bitcoin (BTC)’s trading activity, there was minimal liquidity at the time.
Possible conclusion of the SEC v. Ripple (XRP) Litigation
The legal dispute between the SEC and Ripple (XRP) is gradually drawing to an end. Following the submission of their individual applications for summary judgment, Ripple (XRP) the SEC are awaiting Judge Analisa Torres’ ruling.
At the time of writing, the Judge’s decision-making process has no specified deadline. The Ripple (XRP) community, however, depends on projections provided by John Deaton, CEO of the leading blockchain company and inventor of CryptoLaw.
Deaton expects the decision to be made on or around May 6 in accordance with Judge Torres’ previous timeline; however, the CEO of Ripple (XRP) believes the decision will be made in the first half of 2023. Notably, Ripple (XRP) is confident that Judge Torres will deliver the verdict before the end of the year.
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
