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Crypto investors are constantly looking for that unique investment opportunity that offers not only high returns but also has relevant real-world applications. Stellar (XLM) offered one of these rare opportunities early into its launch.
However, over time, the growth of Stellar (XLM) has appeared stalled, with the crypto failing to recover from its all-time high recorded more than five years ago. With this, on-chain data shows whales leaving Stellar (XLM) on to newer crypto projects, with Sparklo being a major beneficiary.
Stellar (XLM) is one of the oldest crypto projects, launching as early as 2014. Stellar (XLM) has built an impressive decentralized protocol for low-cost cross-border transactions between crypto and any pair of currencies, including fiat.
Stellar (XLM) enjoyed early success, steadily rising up the crypto rankings. However, in 2018, the price of Stellar (XLM) fell 69%. Since then, digital asset has never recovered. Stellar (XLM) is down 89% from its all-time high.
With Stellar (XLM) following a long-term descending resistance line, whales are beginning to jump ship. Whale Alert announced yesterday that a Stellar (XLM) whale pulled over $27 million worth from the crypto.
The trend could get worse as there are no short-long term bullish signs for Stellar (XLM). As is common, whales pull their funds to back a more promising cryptocurrency, and in this case, Sparklo.
The reason why Sparklo is gaining momentum is the first-ever blockchain-based investment platform being developed by Sparklo. The project will allow everybody to buy and sell fractionalized NFTs backed by physical gold, platinum, or silver bars, completely transforming the metal investment market.
Using blockchain technology, Sparklo will allow investors to buy any amount of gold, silver, or platinum they want, solving the accessibility and affordability issues limiting the metal investment market.
While still in presale, Sparklo has been audited by the InterFi Network to assure users of its codes and reserves. In addition, the team behind the Sparklo project is now processing a KYC application with relevant authorities and the results are expected to be posted this month.
Sparklo holds so much promise that investors are counting on the project to enter the top 100 cryptos ranked by market cap in the first year of its launch. The project is currently in the first stage of its presale and is trading for $0.015.
More than a unique concept, Sparklo is solving a problem in the metal investment market, which is why many investors back it to become a top 100 crypto within the first year of its launch.
Website: https://sparklo.finance
Presale: https://invest.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.
