The crypto market continues to show resilience as Bitcoin (BTC) holds steady above $26k. With many positive developments underway, the market could turn bullish in the short term. Bitcoin (BTC) and Ethereum (ETH) are particularly interesting cryptos to watch in the short term as they will likely play an essential role in driving the broader market momentum.
However, despite the focus on Bitcoin (BTC) and Ethereum (ETH), analysts believe that significant gains will likely come from crypto presales due to their low market cap. Sparklo is one crypto presale in the spotlight, with analysts predicting 1,500% or more gains within 2023.
Sparklo (SPRK) excites the market with its exceptional use case
Sparklo is taking on the precious metals market and wants to make it more accessible to the average investor. Through Sparklo, investors will be in a position to buy fractions of precious metals like gold and silver through NFTs. Sparklo is also designed so that those who can purchase whole NFTs can physically deliver the precious metals underpinning the NFT.
Sparklo's use case is revolutionary, but it is not the only reason why investors are buying this token in droves. Security is also attracting investors to Sparklo in huge numbers. Sparklo's smart contract is fully audited by InterFi and found to be clean. At the same time, Sparklo has a 100-year liquidity lockup, making it impossible for the founders to rug.
The market cap is small and will likely expand significantly once Sparklo hits exchanges. Even better, Sparklo is currently trading at a presale price of just $0.055, which is hugely affordable even to a small investor.
Bitcoin (BTC) investors excited as Whales move over $500 million BTC
Whale activity is one of the most critical parameters when predicting Bitcoin (BTC)’s price direction. After the recent bump in Bitcoin price, two whales have moved Bitcoin worth more than $526 million. Unlike wallet-to-exchange moves which usually signify a potential dump, these whales moved the Bitcoin (BTC) between wallets. This could mean big money institutions are buying up Bitcoin (BTC) from big holders outside of exchanges.
With the recent announcement by Black Rock to get into Bitcoin (BTC), this would be good news for the market. Interestingly, even as Bitcoin (BTC) shows potential for an upswing, most activity is increasingly concentrated on crypto presales. Sparklo is one of the cryptos that is drawing most of the attention. With predictions of possible 1,500% gains within the year, it's not hard to see why.
Ethereum (ETH) takes on Bitcoin (BTC) with Ethscriptions
Bitcoin ordinals recently put Bitcoin (BTC) in the spotlight, but Ethereum (ETH) is not sitting back pretty. A new protocol called Ethscriptions has been launched for the Ethereum (ETH) network. Ethscriptions give investors a new way to launch NFTs and other tokens, which could trigger another meme season on the Ethereum (ETH) network. The new protocol is already up to a good start, as its creator, Tom Lehman, noted that 30k Ethscriptions had been developed just 18 hours after it went live. If it picks up momentum at this pace, it could trigger an Ethereum (ETH) rally in the short term.
However, this has not taken investors' eyes off high-potential crypto presales. Even with the potential for Ethereum (ETH) to retest its all-time highs in the short term, presales like Sparklo are gaining momentum. The potential gains are much higher than Ethereum (ETH) can offer.
Find out more about the presale with the links below;
