Published 1 month ago • 2 minute read

VeChain (VET) and Flare (FLR) Showcase Worrying Performance, Investors Begin to Diversify with Sparklo (SPRK)

Many cryptocurrency enthusiasts will consistently be on the lookout for new cryptocurrencies through which they can diversify their portfolios. Through having a diversified portfolio, anyone will be able to get the most out of the Web3 space, as the gains experienced with some altcoins can make up for the losses experienced by others and lessen the overall risk.

With the decrease in the value of well-established altcoins, such as VeChain (VET) and Flare (FLR) for example, investors have begun looking at the presale-stage project Sparklo in order to get significant gains, and today, we will go over the project and see why it stands out.

VeChain (VET) Experiences a Large 21.9% Decrease

VeChain (VET) made a huge announcement on Twitter that their technology will get integrated into the winner's trophies for the Internazionali BNL d'Italia, a prestigious Tennis tournament.

Additionally, the VeChain (VET) community engaged in an event where the team went over future updates to the ecosystem, including updates on VORJ, community media, and technological integrations.

Despite this, the value of the VeChain (VET) cryptocurrency has been in decline. Specifically, as of May 3, 2023, VeChain (VET)  traded at $0.02067385.In the last 30 days, VeChain (VET) decreased by 11.4%, and in the last two weeks alone, it has been down by 21.9%.

Flare (FLR) Dips by 16.9%

Last month, Flare (FLR) made waves on social media with the announcement of FlareDrop.02. Moreover, Flare (FLR) invited the community to join them on May 3, 2023, for an open space where they can ask developer questions and chat with the engineering team. 

However, the value of the Flare (FLR) cryptocurrency has been in decline. As of May 3, 2023, Flare (FLR) trades at $0.02969522.

Within the last 30 days, Flare (FLR) decreased in value by 16.9%. In the last 14 days, the crypto was also down by 15%.

Sparklo (SPRK) To Change The Way People Invest in Precious Metals

The Sparklo platform is being developed as a location in which anyone globally can gain the opportunity to make investments in silver, gold, and platinum.

Every investment will result in a non-fungible token (NFT) getting created and then fractionalized. Afterward, users can invest in the NFT either fractionally or by buying it entirely. If the NFT, for example, represents a gold bar, investors who have bought the entire NFT have the opportunity to have it delivered to them at a location of their choosing.

The platform has already been audited by the InterFi network, and the overall liquidity behind Sparklo will be locked for a total of 100 years.

As for its presale period, the price of SPRK as a token is just $0.017. Analysts predict that its value can spike by 4,000% in the upcoming months, providing investors and traders with a unique opportunity.

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