The post Filecoin (FIL) In The Red Zone, And Sparklo (SPRK) Brings More Investors In With Presale appeared first on Coinpedia Fintech News
With the overall level of distrust in centralized institutions increasing and the overall inflation rate of FIAT currencies seeing an increase, most traders and investors will look for ways through which they can diversify their portfolios.
The key way through which they can achieve this is by getting into gold, silver, platinum, and other precious metals, and one of the latest projects in the Web3 space to enable this is Sparklo. As well-established projects such as Filecoin (FIL) begin declining in value, the SPRK token might represent a solid opportunity.
Filecoin (FIL) Declines In Value by 3.8%
Filecoin (FIL) showcased how each ecosystem participant can learn how to become a Filecoin Storage Provider (SP). Azher Mughal and Svetly Metodiev, key figures behind the project, showcased how users can optimize capital and master essential hardware.
However, despite the event, the value of Filecoin (FIL) did not truly manage to recover.
Specifically, on April 20, 2023, Filecoin (FIL) traded at $5.74. In the last 24 hours, Filecoin (FIL) decreased by 1%; however, in the last week, the overall decrease has been at 3.8.% In fact, Filecoin (FIL) is 71.9% lower when looking at its yearly performance.
Sparklo (SPRK) and Its Utility In Web3
Sparklo will be an innovative, alternative investment platform. Its main objective will be to allow users the opportunity to trade and invest in fractionalized non-fungible tokens (NFTs).
Each of these NFTs will also be backed by silver, gold, or platinum, and if they buy a full bar of gold, which is equal to a single NFT, instead of just a fraction, they can have it delivered anywhere.
As a cryptocurrency protocol, Sparklo has the objective of becoming the first investment platform to allow this functionality, and it will also work with jewellery stores to enable them to bring their products to market and give investors in the ecosystem access to them first.
The Future Of The Investment Space With Sparklo (SPRK)
As most experienced cryptocurrency investors and traders are aware, investing in solid projects at their early stages is where significant gains can often be made. As such, we highly recommend they check out Sparklo, as it is a blockchain-based project that can become a dominant force in the Web3 space.
Throughout its presale period, the SPRK token is offered at $0.015. Analysts predict that its value can spike to 4,000% by the end of December 2023. As for its security, the project has been audited by interFi Network, and the team is processing a KYC application.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
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