Avalanche slumps, investors migrate to Sparklo despite Dogecoin rally on Dogeday
Despite a huge rally earlier this week, the crypto market appears to be cooling off as top cryptos witness price corrections. While Avalanche has entered the red region, Dogecoin is currently riding on social sentiment.
Notwithstanding, investors are now bullish on a Web3 project, Sparklo (SPRK), as they invest in stage one of the project’s token presale.
Dogecoin (DOGE) climbs 3% on Dogeday as Avalanche (AVAX) witness slight price drop
The 20th of April in the United States is popular for being the marijuana day, but more popular in the crypto verse for being Dogeday. According to CoinMarketCap, Dogecoin (DOGE) is trading at $0.092343, a 3.72% in the past 24 hours.
In the past few weeks, the value of the nine-year-old meme coin has been fluctuating, primarily due to the influence of its de facto leader, Elon Musk. The serial entrepreneur has been a vocal Dogecoin supporter for quite some time.
Recently, Musk-owned Twitter replaced its social media website’s usual blue bird logo with the token’s dog. This action caused a surge in Dogecoin (DOGE) price by more than 25%. However, when the logo vanished from Twitter’s platform, the coin experienced a sharp decline in value.
Dogecoin supporters now hope that Dogeday will catalyze a new parabolic rally following the disappointing aftermath of the Twitter logo change. They believe this event will spur bullish momentum and reignite Dogecoin interest.
On the other hand, the price of Avalanche (AVAX) has dropped by 0.45% in the past 24 hours despite recording a 4.94% price hike in the past seven days.
Sparklo commences stage 1 presale, investors show huge interest
Sparklo has launched the first stage of its presale, marking the debut of the world’s first metal trading platform built on blockchain technology. This development opens up investment opportunities for interested investors.
To overcome the common hurdles of high costs and limited accessibility associated with investing in precious metals, Sparklo (SPRK) has developed an innovative solution – fractionalization.
This means that on Sparklo, investors can purchase fractions of silver, gold, and platinum as non-fungible tokens (NFTs) backed by physical assets. Meanwhile, this concept of fractionalization has attracted several investors to the platform. Besides, Sparklo (SPRK) aims to make traditional metal investing more accessible to retail investors by removing the barriers mentioned earlier.
During stage one of the presale, SPRK is currently available for $0.015 per unit. The project’s white paper outlines that 60% of Sparklo’s overall supply will be distributed through three distinct presale stages, indicating the project’s focus on community involvement.
Investors can purchase the Sparklo (SPRK) token using a wide array of digital currencies such as Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Binance Coin (BNB), Solana (SOL), Tether (USDT), among others.