With the rapid expansion of the crypto space, investors are constantly seeking the next promising project. Currently, Chainlink (LINK) investors are amassing a large amount of Sparklo's SPRK token. Sparklo is currently at the second stage of its token presale and investors' interest in the project has been overwhelming.
Investing in precious metals has always been reserved for the affluent, primarily due to the high capital requirements. However, a significant shift is on the horizon, thanks to the imminent arrival of Sparklo. Leveraging fractionalization and blockchain technology, Sparklo is set to make the sector accessible to everyone.
When an individual invests in the platform, an NFT is minted to represent the individual's investment. Interestingly, these NFTs are backed by precious metals such as gold, platinum, and silver. Additionally, Sparklo will collaborate with jewelry stores to launch their products on its marketplace. This will give investors firsthand access to this jewelry at discount prices.
Notably, the Sparklo team has already obtained a KYC application from the Block Audit Report, signaling its commitment to transparency and compliance. At present, the SPRK token presale is underway, with tokens available at just $0.026 per token. This presents a remarkable opportunity for smart investors to join the project before prices skyrocket by 50x.
Chainlink (LINK) price breaks out of bearish cycles momentarily
The downward pressure that Chainlink (LINK) experienced starting from April 19th, 2023, appears to have died down lately. During this period, Chainlink's (LINK) price declined from $8.57 to a low of $6.37, marking a dip of 25.67%. As of press time, Chainlink (LINK) is showing bullish signals, trading at $6.53. Also, Chainlink's (LINK) 24-hour trading volume has surged by 88.90% within the past 24 hours.
The Fear & Greed Index of Chainlink (LINK) is at 76% (Extreme Greed), implying that market sentiment is predominantly inclined toward buying sentiment. Chainlink (LINK) is currently oscillating between its immediate support level of $6.212 and resistance level of $6.773. Notably, the subsequent significant support level is positioned at $5.404, while the next resistance level stands at $7.5. Depending on the direction of the market, whether from bulls or bears, Chainlink (LINK) may reach these levels in the near future.
Find out about the Sparklo (SPRK) presale using the links below:
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