Cryptocurrency

Serum (SRM) and Conflux (CFX) Dip In value While Sparklo (SPRK) Leaps Ahead

IndustryTrends

Investors and traders on a global scale are consistently on the lookout for new altcoins that can give them solid returns in the short term and in the long term. While some altcoins were initially appealing, not all of them stood the test of time.

Specifically, Serum (SRM) and Conflux (CFX) have recently seen a decrease in their overall momentum and value. As such, investors have begun diversifying with new altcoins such as Sparklo that can reach 40x in returns.

Conflux (CFX) Decreases by 22.1% and worries investors

On April 20, 2023, Conflux (CFX) made a huge announcement for its community, where it went over how the eCFH/ETH pool has begun receiving CRV emissions.

Moreover, UNE also made an announcement that they conducted a strategic partnership with Conflux (CFX) and are offering $10,000 worth of prizes.

On April 23, 2023, Conflux (CFX) traded at $0.291701. This means that Conflux (CFX) saw a decrease of 22.1% in the last seven days.

Additionally, Conflux (CFX) decreased by a total of 23.1% in the last 30 days, indicating that it is in a bearish run.

Serum (SRM) Sees a Dip in its value by 15.6%

Serum (SRM) initially established a reputation for itself as the go-to decentralized derivatives exchange that enabled cross-chain trading.

The Serum (SRM) token enables holders an opportunity to get discounts on their fees, and those that stake it can vote and participate within the governance mechanism.

However, all of its development did not lead to the maintenance of its value. As of April 23, 2023, the Serum (SRM) cryptocurrency traded at $0.175979.

In the last seven days, Serum (SRM) decreased in value by 15.6%. However, the overall decrease in the last 30 days was 21.3%. With this in mind, Serum (SRM) investors began diversifying away from cryptocurrency.

Sparklo (SPRK) To Change the way people access preious metals

Sparklo will essentially be an investment platform that allows people the opportunity to participate in the procedure of investing in precious metals, through making fractionalized investments and with non-fungible tokens (NFTs).

What this means is that through Sparklo, an NFT will be created, after which it will be fractionalized or split into smaller parts. Investors will gain the opportunity to either buy the entire NFT or just a fraction of it.

The platform will also work with jewelry stores with the goal of bringing their products to market and giving investors different benefits.

At the presale stage, the SPRK token trades at just $0.015. Analysts predict its value can spike 40x in the upcoming months, especially now that the platform has been audited by the InterFi Network and that its liquidity will be locked for 100 years.

Find out more about the presale:

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