The cryptocurrency industry is growing at an alarming rate, with new cryptocurrencies emerging and old ones like Shiba Inu (SHIB) and Cardano (ADA) struggle to survive in the volatile cryptocurrency market.
Despite the large selection of coin solutions available, investors and traders in cryptocurrencies continue to search for a more reliable and effective trading platform. One of such cryptocurrencies currently stealing the market’s attention is Sparklo.
Sparklo: The First Cryptocurrency-Specific Alternative Investing Platform
The goal of Sparklo is to create the first cryptocurrency-specific alternative investing platform to ever exist. With it, investing in fractional ownership of silver, gold, and platinum is made possible.
The platform has been successfully audited by Interfi Network in order to improve performance and ensure a low risk severity. Sparklo is also working on securing a KYC application.
As the presale is currently at level one, you can start investing right away with just $0.017. Additionally, every order receives a 30% bonus award, meaning that if you buy 1000 SPRK, you will also receive 1300 SPRK. Note that this offer will end on the 5th of May, 2023. The launch of Sparklo’s presale is one step in the platform’s three-stage roadmap, which also includes the introduction of the SPRK intelligent settlement, website redesign and enhancement, and the rollout of the staking app.
Shiba Inu (SHIB) Burns Drops,
Shibburn data reveals that over the previous day, 7,261,876 Shiba Inu (SHIB) coins were sent to dead-end wallets, excluding them from the current circulating supply of 574,121,672,859,034 Shiba Inu (SHIB). Additionally, the burn rate has dropped by 52%.
Shiba Inu (SHIB)’s burn rate has reduced by a little over 50% over the last day, according to a recent report by the cryptocurrency platform Shibburn, which analyzes Shiba Inu (SHIB) transfers to unspendable addresses on Etherscan and then collects this data on its website.
Shiba Inu (SHIB) burn rate is dropping compared to last week and even to Monday. Shiba Inu (SHIB)’s price hasn’t yet reached its previous level, despite a rise of one digit on Monday. At the time of writing, Shiba Inu (SHIB) is trading at $0.000009918, down slightly more than 1% from the previous day.
Cardano (ADA) Still a Captive of the Bears
Bulls will struggle to defend this crucial level owing to a lack of interest from market players, as Cardano (ADA) slid to the critical support at 38 cents after purchasing impetus was lost.
Cardano (ADA)’s attempt at a breakthrough last week was rebuffed by the resistance, which sits at 40 cents. The bears appear to have strong footing on Cardano (ADA).
With a 24-hour trading volume of $223.37 M, the price of Cardano (ADA) is currently US$0.3871. In the previous day, Cardano (ADA) has decreased by 2.74%. Over the past few days, the volume has steadily decreased. If Cardano (ADA) wants to maintain its crucial backing, this has to change.
Find out more about the Sparklo presale:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
