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After weeks of profit, the cryptocurrency market ultimately succumbed to the bears. The economic troubles plaguing the US equity markets had a big role in this. 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%.
Two of the cryptocurrencies that seem to be grossly affected by this are Fantom (FTM) and Aptos (APT), as they have taken over a 20% decline since the hit. This is a sad period for crypto investors and holders. However, this is also a period to invest more. Despite the decline in the price of these cryptocurrencies, several investors have thronged to invest in Sparklo (SPRK).
Crypto analysts have it that Fantom (FTM) still faced formidable commercial obstacles. According to CoinGecko, Fantom (FTM) has declined by almost 21% since last week. It happened following the general market collapse, which reduced the value of all cryptocurrencies, not just Fantom (FTM).
In the coming days and weeks, Fantom (FTM) may move above and below the $0.4260 support depending on the state of the market as a whole. Therefore, this reliance on the general future of the cryptocurrency industry may do more harm than good. If the Fantom (FTM) price doesn't settle at this support level, we may see a comeback to $0.3717.
Even though development continues to favor Aptos (APT), the token is still facing a bearish takeover. According to CoinGecko, Aptos (APT) is down around 20% in the last week.
The bears for Aptos (APT) are presently targeting the $7.5088 support level. If the price of Aptos (APT) continues to decrease, a breakthrough in this level of support might force the token to fall even further. However, CoinGlass data implies that this may be the case for Aptos (APT) investors since the token has more short sellers than long purchasers.
The first blockchain investment trading platform to concentrate just on silver, gold, and platinum will be Sparklo. Every investment made on the Sparklo platform will be produced and fractionalized as an NFT, which users can use to finance more endeavours.
The silver, gold, and platinum investments will be kept in legally permitted vaults that are supervised by vault expert managers who are among the top providers of safe shipping and precious metal vault services worldwide.
The presale for Sparklo is still in its first phase. For investors and enthusiasts of cryptocurrencies, this is a once-in-a-lifetime opportunity. This groundbreaking project has a tokenomics structure that distinguishes it from the competitors and is only $0.015 per token. Its value is predicted to climb by 4,000% by the end of 2023, according to analysts.
With a strong emphasis on sustainability, security, and scalability, Sparklo is prepared to make waves in the cryptocurrency business. Participants in the presale have early access to this revolutionary digital asset, increasing the likelihood of enormous rewards as the initiative gains popularity.
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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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.
