With the collapse of centralized banks, more investors than ever are looking for new ways to diversify their holdings.
Traditionally, precious metals have also been seen as a hedge against inflation. One of the most notable recent presale stage projects that aim to provide anyone access to precious metals is Sparklo. With the recent decrease in the value of competing altcoins such as BNB (BNB), investors have jumped into Sparklo and today we will go over why this has been the case.
Sparklo (SPRK) gains massive momentum with stage two presale
The Sparklo project will be developed as an alternative investment platform in which anyone can make investments in precious metals. In other words, through the usage of the Sparklo platform, investors and traders can begin making their purchases of silver, gold and platinum bars.
However, it does not work like a traditional platform, as on Sparklo, non-fungible tokens (NFTs) get minted and fractionalized. This means that an investor does not need to buy an entire gold bar and can only get fractionally exposed to the asset class. If they buy an entire NFT backed by an actual gold bar, they can get it delivered to them at any location.
During the second stage of its presale, the SPRK token trades at a value of just $0.022. Analysts have predicted that it can climb in value by 1,500% in the upcoming months. The team has already undergone a KYC procedure and the platform has already been audited by the InterFi network. With this in mind, the Sparklo project provides a solid opportunity for investors and traders to get into the early stages of a project that can become a dominant force across the broader Web3 space. The platform’s liquidity will also be locked for a total of 100 years.
BNB (BNB) decrease in value by 5.9% and worries investors
Across the blockchain space, there are over 23,000 different cryptocurrencies, but near the top, each investor and trader will encounter the BNB (BNB) altcoin. This cryptocurrency has been essential towards empowering the Binance ecosystem such as the BNB Chain. As of recently, there was an event known as the BNBChain University Roadshow at VIT Bhopal.
While this was an indication that the BNB (BNB) ecosystem is not at a decline and that they are hosting events and undergoing numerous developments, this did not specifically translate to an increase in the value of the native cryptocurrency. During May 12, 2023, BNB (BNB) traded at $305.67. In the last two weeks, the cryptocurrency dropped in value by 4.7% and in the last week alone, it’s been down by 5.9%. This inspired diversification away from BNB (BNB).
Diversifying With the Right Altcoin
The BNB (BNB) is in decline, so investors and traders have begun diversifying. Sparklo is one of the latest projects to enter the Web3 space and based on our research, we believe it has the potential to become the next major project to truly dominate the space. The SPRK token represents one of the most significant altcoins that is primed for growth in 2023 and beyond and investors can buy it at the links below.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
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