The worst of the crypto bear market could be over, and investors are taking positions in cryptos that have good potential going forward. Among the cryptos that have seen an increase in buying momentum are Avalanche (AVAX) and Bitcoin (BTC).
Interestingly, while these two 100 cryptos continue to see their prices go up, they dwarf in comparison to the FOMO in crypto presales. One crypto presale that has seen a surge in investor interest is Sparklo. The uptake of Sparklo is so strong that analysts believe 1,500% or more in gains are within reach in 2023.
Sparklo (SPRK) to radically transform precious metals investing
When it comes to investing in precious metals, the markets are mostly skewed toward big investors. Sparklo wants to change this by enabling small investors to buy fractions of precious metals as NFTs.
Investors are also drawn to Sparklo by its security, which is much better than most upcoming cryptos. For starters, Sparklo’s smart contract is audited and found to be bug-free. Secondly, Sparklo has a 100-year liquidity lockup, which means the founding team can’t pull the rug and leave investors with worthless bags.
So far, Sparklo’s price reflects what most investors seek – a potential parabolic price rally. For context, Sparklo, now in stage 3 of its presale, is trading at $0.055, a significant jump from its price of $0.015 back in the presale stage.
Avalanche (AVAX) within market range despite AvaGPT launch
Avalanche (AVAX) is green but within the broader market average. This is despite Ava Labs, the organization behind Avalanche (AVAX), announcing the launch of a generative AI tool called AvaGPT. Given the hype around AI, this should have given Avalanche (AVAX) a big leg up in price.
The fact that it hasn’t, indicates that investors see better opportunities away from Avalanche (AVAX). Crypto presales like Sparklo look enticing to investors because of their low market caps. For these presales, even a tiny volume increase can significantly drive up the price.
Bitcoin (BTC) showing upside momentum but needs to break $35k
Bitcoin (BTC) is showing upside momentum as institutional investors take an interest in the crypto market. The Grayscale Bitcoin Investment Trust (GBTC) has already seen an increase in volumes by over 400% in under a week. However, even with all the institutional interest in Bitcoin (BTC), analysts believe Bitcoin (BTC) could stagnate short term if it fails to break the $35k mark decisively.
For this reason, investors looking to make the most of their investments are turning to cryptos that hold promise whether Bitcoin (BTC) breaks $35k or not. Sparklo is among the crypto presales drawing so much attention.
Find out more about the Sparklo presale with the links below;