Cardano and Litecoin are in red; Sparklo signals a 40x increase

Cardano and Litecoin are in red; Sparklo signals a 40x increase

The savviest investors know that following the overall market trend and narrative is essential when it comes to detecting what projects can make it in the Web3 space and which cannot.

While Cardano and Litecoin have experienced a decrease in value, new projects such as Sparklo have managed to grab a lot of appeal with their unique take on fractional NFT ownership of precious metals.

Cardano (ADA) Showcases Future Plans

The Cardano Foundation announced on Twitter going over what they will carry on doing throughout 2023. The main priorities behind Cardano involve updating and maintaining the infrastructure, fostering further adoption through targeted partnerships, and increasing the overall understanding of blockchain technology.

The ADA cryptocurrency traded at a value of $0.417485 on April 20, 2023. Throughout the day, Cardano began decreasing in value by 0.5%. In the last year, it has been down by 56.2%, and investors are worried. 

Litecoin (LTC) Reaches 150M Transactions, But Dips in Value

Litecoin’s Twitter page also showcased a lot of updates. Specifically, they noted how Litecoin’s hashrate is reaching all-time highs, that the network reached 150 million transactions, and that its liquidity ranks fourth in all of the crypto space.

In regards to its value, on April 20, 2023, the LTC cryptocurrency traded at $91.05.

In the last 24 hours, Litecoin dipped by 4.5%, and in the last year, it has been down by 20.1%. By entering the red zone, investors are worried about the overall performance and future of Litecoin.

Sparklo (SPRK) Brings Appeal with Fractional NFT Precious Metals

Sparklo will enable investors the opportunity to invest in NFTs. Each of these NFTs will represent luxury investment and real-world platinum, gold, or silver bars. They can utilize the platform to buy a fraction of gold, for example, or an entire bar when they buy the full NFT. By doing so, they can have it delivered anywhere.

As a cryptocurrency protocol, Sparklo aims to become the first investment platform to do this, and the project has already undergone an audit by InterFi Network.

As for its value, the SPRK cryptocurrency is offered at $0.015 at its Level One presale, and analysts predict that it can climb 4,000% based on the overall direction and momentum of the market and the increased interest in precious metals. Additionally, the team is processing a KYC application, and the liquidity will also be locked for 100 years, making it a lot safer for investors. We believe that this is a very promising investment opportunity that anyone can check out below.

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