As the cryptocurrency market continues to expand with the innovations of several cryptocurrencies, the competition in the market is becoming more fierce. Sparklo (SPRK), a new innovation has undergone spectacular growth in the cryptocurrency market, distinguishing itself from the competition.
The precious metal investment platform has shown potentials that deem it capable of exceeding old cryptocurrencies like Ripple (XRP) and Ethereum (ETH).
Sparklo (SPRK) Offers Fractional Investments in Precious Metals
Sparklo is a brand-new alternative investing platform designed just for cryptocurrency investors. With Sparklo, investors can now purchase silver, gold, and platinum through the specialized fractionalized investing and trading platform.
The platform is designed to collaborate with jewelry retailers, assisting them in commercializing their goods. Investors will profit from discounts and early access to new items.
Additionally, Sparklo has already passed its audit with Interfi Network, and its KYC application is almost at conclusion. The platform also plans to lock-up its liquidity for a century. All this is to show how safe the platform is.
With each Sparklo (SPRK) token going for a price of just $0.017 and a 30% bonus for every order, there has never been a better time to invest.
Ripple (XRP) Price Faces Problems
Ripple (XRP) failed to build momentum after making a minor upward rise, failing to go over the $0.50 resistance level. Similar to how Ethereum (ETH) and Bitcoin (BTC) are descending after reaching a top at $0.4868.
The $0.475 and $0.470 support levels were obviously breached. Ripple (XRP)’s price is now trading at a 50% Fibonacci retracement of its advance from the $0.4332 swing low to the $0.4868 high. Ripple (XRP) is now trading below $0.488 as well as the 100-simple moving average (4 hours).
If the $0.480 barrier region is not broken, Ripple (XRP) may continue to lose value. The region at $0.454 acts as the first point of support on the downside as it represents a 61.8% Fib retracement of the upward advance from the $0.4332 swing low to the $0.4868 high. If the bulls don’t act fast, Ripple (XRP) is certain to have more declines.
Growing Bearish Pressure on Ethereum (ETH)
In the previous week, Ethereum (ETH)’s price against the US dollar struggled to cross the $1,950 barrier mark. The price of Ethereum (ETH) momentarily broke beyond the $1,950 barrier, but ultimately fell short.
The most recent high for Ethereum (ETH) was set around $1,939, and a fresh price decrease ensued. There was a fall below the $1,900 and $1,880 support levels. The pair nonetheless surged below the $1,820 level of support. A bottom has formed at $1,805, and Ethereum (ETH)’s price is now consolidating its losses.
The 55 simple moving average (4 hours) is presently trading below $1,880. The price of Ethereum (ETH) is now being held back by the $1,870 level. It is extremely near to the 50% Fib retracement level of the most recent decline from the swing high of $1,939 to the low of $1,805 (see chart below).
Ethereum (ETH) is now trading below $1,880 as well as the 4-hour 55-simple moving average. Overall, the price of Ethereum (ETH) may climb, but sellers are likely to approach the $1,920 resistance level.
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