Sparklo bullish as Arbitrum faces imminent slump after recent airdrop

In the crypto industry, traders and investors always monitor the market for profit opportunities. Arbitrum (ARB) is afraid of a price slump that is coming after the network released another airdrop on Tuesday. 

In tandem with the current bullish sentiment of the broader cryptocurrency market, the token presale of Sparklo (SPRK) has caught the attention of several investors, with the tokens almost sold out. 

Will Aribitrum (ARB) dump after latest airdrop? 

Concerns over another price retracement for Arbitrum (ARB) were sparked on Tuesday, April 25, when the cryptocurrency airdropped 113 million tokens worth nearly $120 million to reward 131 DAOs that built early projects on the Aribitrum (ARB) network. 

However, within the first 12 hours following the airdrops, the market seemed unaffected as the Aribitrum (ARB) price remained precariously above the $1.30 support level.

As anticipated, some DAOs, including Trident, quickly sold off their tokens within an hour of the airdrop. However, according to on-chain data from Loookonchain at press time, none of the top 50 highest airdrop recipients have sold. 

If these prominent DAOs continue to hold onto their Aribitrum (ARB) tokens, it could prevent a price correction for Aribitrum (ARB) in the upcoming days.

Meanwhile, Arbitrum (ARB) is bullish today, trading at $1.40, a 6.90% price increase in the last 24 hours, and a 16.30% price decline in the last seven days.

Sparklo (SPRK) to 10,000x in coming months 

Sparklo is a Web3 platform that enables fractionalized investments in precious metals like gold, silver, and platinum through NFTs, which can be bought. 

Those who buy the full NFTs will receive the physical delivery of the metal they choose. Sparklo (SPRK) also plans to partner with leading jewelry stores to showcase their products on the platform. 

InterFi Network has already audited the platform’s reserves, meaning it is secure for investors. Phase one of Sparklo’s (SPRK) token presale is ongoing, with each token priced at $0.015. By April 30, the token’s price will jump to $0.017, giving you a last opportunity to be an early investor in the exciting project.

The demand for rare metals is expected to drive up the value of SPRK tokens, possibly resulting in a 40x increase before the end of 2023. As inflation rates continue to climb worldwide, investors search for avenues to safeguard their wealth. For those seeking a dependable hedge against inflation, investing in precious metals using Sparklo’s SPRK tokens presents an appealing opportunity.

Sparklo’s roadmap is divided into three stages. Stage one includes website design, research, smart contract development, marketing, and a live presale. In stage two, there’s the founder’s KYC, staking app release, smart contract creation and audit, liquidity lock, token lockup, Uniswap listing, and platform marketing. 

Stage three comprises forming collaborations, achieving the top 250 on CoinMarketCap, CEX listing application, beta mode platform release, and a special burn event.

Find out more about the Sparklo presale:-





Mark Peterson

Mark Peterson has been following the crypto market for the past seven years. As a crypto news journalist, he has recently joined our team. He regularly delivers the most recent happenings of the crypto space. He enjoys writing poems and exploring various crypto trading platforms in his spare time.

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