Ethereum Classic (ETC) and Monero (XMR) are some of the earliest cryptocurrencies to launch. As such, they were able to amass a large community and a large base of investors.
However, the lack of development around these projects has resulted in their investors looking for alternative digital assets, with one of the biggest beneficiaries being Sparklo – the first precious metal trading platform built on the blockchain.
Ethereum Classic (ETC) and Monero (XMR) Investors are Buying Sparklo (SPRK) Presale
Ethereum Classic (ETC) is a project that retains the old code of the Ethereum blockchain as it was until the DAO attack. Despite being regarded as the “original” Ethereum built by Vitalik Buerin, Ethereum Classic (ETC) has fallen out of favor with investors.
One reason investors are leaving Ethereum Classic (ETC) is the slow development of the blockchain. Since the hard fork, Ethereum has fared better with several upgrades improving the network while Ethereum Classic has remained largely the same.
On the other hand, the privacy-focused Monero (XMR) has been on the receiving end of regulatory changes. As governments put together crypto regulatory frameworks, privacy coins like Monero (XMR) have been banned in Dubai and restricted in some of Europe.
The struggles of Monero (XMR) have led to a migration of its investors. As they turn away from Monero (XMR) and Ethereum Classic (ETC), Sparklo has caught their attention.
Why Sparklo is a Crypto to Watch
With the rising inflation and the potential for a global recession rising every day, investors will seek out precious metals because of their excellent performance during inflations and recessions.
Sparklo will meet the needs of not only big investors who can afford to buy bars of gold, silver, and platinum but also small investors who can’t afford to buy the whole thing.
Allowing users to invest in fractional NFTs backed by physical precious metals, Sparklo will allow everybody to buy precious metals as investors seek out the best hedge against a possible recession.
Sparklo Could Become a Top 100 Market Cap Crypto
Sparklo is currently in presale at $0.015, but the potential of the project especially as the global market nears a recession makes it worthy of a spot in the top 100 cryptocurrencies ranked by market cap.
Going by the potential use cases of Sparklo, some market analysts have predicted that Sparklo could gain more than 5,000x in the first year of its listing. Sparklo has also been audited by the InterFi Network, further raising trust in the project.
Going by the momentum and rising interest in the platform, Sparklo could break into the top 100 cryptos even before its first full year in the market. The interesting future of Sparklo is the major reason why Ethereum Classic (ETC) and Monero (XMR) investors are buying the presale.
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