The post Sparklo (SPRK) Could 5,000x this Year, Shiba Inu (SHIB) and Solana (SOL) Predicted to Fall appeared first on Coinpedia Fintech News
The cryptocurrency market is still in the nascent stage but has seen tens of thousands of projects launch in the first two decades. However, as the industry matures, investors are moving from the more popular and over-hyped projects to those with real-world use cases.
Two well-established cryptocurrencies Shiba Inu (SHIB) and Solana (SOL) have been predicted to fall out of favour with investors because of this, while a newcomer, Sparklo has been tipped to draw up to 5,000x returns this year.
Solana (SOL) and Shiba Inu (SHIB) Could Face Further Declines
When Solana (SOL) launched in March 2020, it was hailed as an Ethereum killer because of its incredible transaction speed and much lower gas fees – problems that have plagued the Ethereum network for years.
Although it ranks amongst the fastest blockchains, Solana (SOL) has proven to be very unstable, experiencing 14 outages in 2022 leading to a total downtime of 4 days 12 hours 21 minutes – not a good record for a leading project.
The incessant outages of the blockchain have led to developers and users alike migrating from Solana (SOL) to other blockchains. The result has been the price of Solana (SOL) falling to -90% of its all-time high making it the worst performer of the top 25 cryptos ranked by market cap. As more users migrate away from Solana (SOL) it is predicted to face more declines.
On the other hand, Shiba Inu (SHIB) has a more stable blockchain, but its problem stems from its origin – a meme. Meme coins like Shiba Inu (SHIB) were once the hottest investment prospects in crypto, but now investors are moving their funds to projects with real utilities.
Although Shiba Inu (SHIB) is now building an ecosystem with real-world applications, the project has become known for being a meme and offering little more.
Unless the Shiba Inu (SHIB) project can be sold as one that solves real-world problems, we could see the price of SHIB fall even harder in 2023. Moving on from Shiba Inu (SHIB) to solving real-world problems, we have Sparklo.
Why Sparklo Has the Potential for 5,000x this Year
Sparklo is an upcoming project that seeks to give every investor the opportunity to buy and hold precious metals – silver, gold, and platinum. Sparklo solves the problem of accessibility and affordability of these precious metals using blockchain technology.
On Sparklo, people will be able to fractionally invest in silver, gold, and platinum. Instead of paying the full amount of an ounce of gold – which is over $1,800 – investors will be able to buy factions of gold that will be minted as NFTs on the platform.
Investors who want to purchase an entire NFT of a precious metal (platinum) can have the physical asset delivered to their houses. Sparklo is currently in presale as you can buy the token for $0.015 as the project prepares to revolutionize the investment in precious metals.
By solving the accessibility and affordability problems of precious metals, Sparklo opens up itself to a large number of investors looking to own precious metals. This, and the low entry price in presale is what gives Sparklo the potential to shoot for a 5,000x return this year.
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