The post The Sparklo Presale Attracts More Investors as Stacks (STX) and Flow (FLOW) Experience Bearish Sentiments appeared first on Coinpedia Fintech News
This week has experienced generally slow traction in prices and sentiments across Web3. Analysts feel that investors are looking to spend more on new projects with predictions for high yields in the future.
With Sparklo offering a great presale price for a project that will influence the future of the metal markets, more investors are considering staking in the project. Meanwhile, Stacks (STX) stays on the green, as Flow (FLOW) suffers a bearish mood.
Stacks (STX)’s Price Enjoys a Positive Trend
Stacks (STX) is a layer-1 blockchain for NFTs (non-fungible tokens), decentralized apps (dApps), DeFi, and smart contracts for Bitcoin. Stacks (STX) allows the creation of smart contracts and dApps that are integrated into Bitcoin’s stability, capital, and security.
Stacks’s native token (STX) has been on a slightly positive trend this week, increasing by 0.66% to its current price of $0.75.
However, social media sentiments about Stacks (STX) have been bearish. There have been 778 out of 471,287 Stacks mentions and posts on Twitter and Reddit, which is a 51.22% decrease compared to April 24.
Flow (FLOW) Continues on a Down Trend
Flow (FLOW) is the cryptocurrency used in Flow, a decentralized blockchain designed for NFTs. The platform uses the token for transfer fees and by users, developers, and protocol validators to earn a reward.
This week has been on a slightly bearish sentiment for the crypto world, and Flow (FLOW) has not been spared. m The price of Flow has fallen by 4.97% to its current price of $0.89 in the past 1 week.
Likewise, Flow (FLOW)’s social media sentiments have been bearish, with 840 out of 471,300 posts on Reddit and Twitter on April 25, 2023, which was a 46.94% decrease compared to April 24, 2023.
More Investors Going for the Sparklo (SPRK) Presale
In more interest developments, Sparklo is bringing the precious metals market to the blockchain.
The move that is gaining attention from investors will see Sparklo become the first blockchain trading platform specializing in platinum, gold, and silver. Decentralizing the metal markets will make it more accessible to internet users often intimidated by the lack of inclusivity in most traditional platforms.
For starters, there will be no intermediaries, like brokers and banks, who make it a costly affair because of fees and commissions. Sparklo plans to make it available to investors of all walks by including fractional ownership of the metal one wants to stake in.
The metals will be tokenized in the blockchain so that investors can acquire SPRK tokens that represent their metals. This way, they can own fractional shares according to how much they are willing to stake and then trade them from peer-to-peer through the platform.
Currently, Sparklo is on offer at a presale price of only $0.015 and by end of the week will increase to $0.017. With analysts predicting the project to gain more momentum, this could become the next blue-chip crypto, and early investors could make significant gains in the future.
The Sparklo team has already submitted their KYC, and it is currently in the process of completion. They have also been audited by Interfi Network.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
White Paper: https://sparklo.gitbook.io/sparklo-documents/
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