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While Synthesis (SNX) and Stellar (XLM) are marking incredible milestones and feats, their prices are still being controlled by bears. This prompted a change in strategy among investors, who now perceive Sparklo's presale to be a better investment because of its unique fundamentals and use cases.
Synthetix (SNX) software is built on the Ethereum (ETH) blockchain. Synthetix (SNX) utilizes a decentralized finance protocol that allows it to provide financial services without the need for any intermediaries.
In a recent development, Synthetix (SNX) announced the launch of a new program, Perps Optimism Trading Incentives. As part of the program, about 300,000 weekly OP tokens will be awarded to traders. The reward scheme will begin on April 19 and last for 17 weeks. This initiative is playing a great role in developing the network, in addition to the positive sentiment around Synthetix (SNX).
This development caused a surge in Synthetix's (SNX) price and an increase in trading volume at the time the news broke. However, Synthetix's (SNX) price has dropped by 16% in the past 7 days.
With hopes of a price rally unclear, investors are interested in other alt-coins with room for significant growth.
Stellar (XLM) is a decentralized protocol based on open-source code. It is used in the transfer of digital currency to fiat both domestically and internationally.
In a recent tweet, Stellar (XLM) disclosed that Franklin Templeton's OnChain U.S. Government Money Fund (FOBXX) is now available on the network through the Benji Investments App.
According to a press release, this will be the first U.S.-registered mutual fund to use public blockchain technology for transactions. This is an incredible feat for the blockchain. The Franklin OnChain U.S. Government Money Fund (FOBXX) has now surpassed $270 million in assets, bringing more liquidity to the network.
The development is expected to cause a significant rise in the price of Stellar (XLM). However, that time is not now, as the Stellar (XLM) is currently on a downtrend, down 11.4% in the past 7 days at the time of writing.
Sparklo is the world's first blockchain investment in precious metals. Through the platform, investors can invest in fractionalized NFTs backed by rare metals such as platinum, gold, and silver. The token's innovative use cases mean it will be one to contend with in the bull market.
The token's presale price is just $0.015, meaning investors' and early adopters' profits will be significant. If experts are to be believed, the coin's value can climb as high as 5,000% the following year.
More importantly, to guarantee investment security, the liquidity has been locked for 100 years, the smart contract has been audited, and the KYC audit is ongoing. This makes for a safer investment and a bigger profit.
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
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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.
