The bullish momentum of the crypto market began the year with has begun to wane, leaving many digital assets like Arbitrum (ARB) to the mercy of the bears. Despite the bearish market, Cardano (ADA) has sealed a new partnership with a major DeFi player while investors are trooping into Sparklo (SPRK) as it shows signs to become the next blue-chip crypto project.
Crypto whales buy into Sparklo (SPRK) Presale
Creating the first alternative investment platform where cryptocurrency investors can buy and sell gold, silver, and platinum, Sparklo is quickly becoming one of the preferred options for investors. Sparklo’s fractionalized investment and trading platform will allow investors to own gold, silver, and platinum bars for as little as $100.
Sparklo will leverage the security infrastructure of the Ethereum blockchain. The team has also passed its audit to add to a successful smart contracts audit performed by the Interfi Network. Furthermore, the liquidity of Sparklo will be locked for a remarkable duration of 100 years, promoting stability and trust in the platform.
Identifying the unique potential of Sparklo, whales are buying early into the project. Stage one of Sparklo’s presale gathered massive support from investors, pushing it into the second phase. The SPRK token currently sells for $0.026 apiece and you can get as much as 50% rewards as an early investor.
Arbitrum (ARB) price declines as bears dominate the market
Once one of the top crypto contenders, Arbitrum (ARB) has slowly gone the pecking order because of the dominance of bears. In the last week, the price of Arbitrum has fallen by 7% and more than 23% in the last 30 days. Even now, bears still dominate the market for Arbitrum (ARB).
The recent price drop which sent the Arbitrum (ARB) under $1.3 now puts it at a critical level. With its current price of $1.13, Arbitrum sits very close to its next support level at $1.0396. If the bearish sentiment persists, the price of Arbitrum (ARB) could break below $1.0 in the next few days. However, investors would hope enough bullish momentum take
Cardano (ADA) gets a new DeFi partner
Cardano (ADA), has announced a new partnership with Acredius, a Swiss fintech company. According to the announcement, Acredius will work with Cardano (ADA) to advance the development of decentralized finance on the network. Cardano (ADA) is already outperforming expectations, adding over 1,000 smart contracts to its network.
The increasing activity on the Cardano (ADA) network has not been followed by a correlating price increase. Instead, the price of Cardano (ADA) has consolidated between $0.36 and $0.40 over the last 30 days. The lack of price movement is the fuel driving investors to the Sparklo presale.
Find out about the Sparklo (SPRK) presale using the links below:
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.