The cryptocurrency market constantly evolves, with new tokens emerging, existing ones losing popularity and general market crashes. Recently, the cryptocurrency market succumbed to the bears causing a downtrend of all cryptocurrencies. This was majorly caused by the economic concerns impacting the US equity markets.
According to CoinMarketCap, the total market value of all cryptocurrencies is $1.12 trillion, up a pathetic 0.22% from yesterday. Since the beginning of the week, the indicator has dropped by 9%. Arbitrum (ARB) and Conflux (CFX) appear to be two of the major cryptocurrencies to have been significantly affected by this bearish hit, as they have greatly plummeted. At the same time, Sparklo (SPRK) is making waves in the crypto industry with its potential for massive gains.
Arbitrum (ARB) is presently down about 21% at the time of writing. The tokens investors and holders are closely tracking the sentiment toward Bitcoin (BTC) and Ethereum (ETH), as they are the reason why Arbitrum (ARB) is in its present predicament. Since the two big cryptocurrencies are suffering, Arbitrum (ARB) is experiencing a more strong negative emotion.
Crypto analysts advice that Arbitrum (ARB) traders and investors should proceed cautiously while adding funds to the coin. As of the time of writing, Arbitrum (ARB) has returned to $1.1930. If this occurs, Arbitrum (ARB) bulls will be forced to defend this critical support.
As Bitcoin (BTC) and Ethereum (ETH) ultimately succumbed to the bearish momentum of the cryptocurrency market, Conflux (CFX) immediately followed suit being the most popular altcoin in the market. Investors can tell that Conflux (CFX) had a rough week because the token is down 23% from the previous week, according to CoinGecko.
Crypto analysts advise that investors of the Conflux (CFX) token should look out for and avoid a bearish breakout of $0.2847, since it might reduce the Conflux (CFX) value to $0.1471. However, this prediction may likely become a reality as CoinGlass data suggests a substantial negative presence in the market. As such, the gloomy scenario for Conflux (CFX) may very well come true.
Using the Sparklo (SPRK) investment platform, anybody can instantly invest fractional quantities in silver, gold, and platinum. For each investment, a non-fungible token (NFT) will be created and fractionalized throughout the minting process.
The consumer may then choose whether to purchase the entire gold bar that the NFT represents or only a piece of it. They can make arrangements for the gold bar to be delivered to the appropriate location once they have paid for the complete NFT.
In addition to allowing anybody to invest in precious metals, Sparklo (SPRK) will use blockchain technology to act as a worldwide marketplace for buyers and sellers.
InterFi Network has audited the platform and it is now processing a KYC application. Every effort is being made to protect the investments made on Sparklo.
Investors and traders have an exceptional opportunity of maximizing their returns by investing early in the project through its presale.
Sparklo (SPRK) is now selling for just $0.015 at level one of its presale. Analysts and cryptocurrency price forecasting specialists believe that in the coming few months, the asset's worth will increase by 4,000%.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.