The state of some of the most popular cryptocurrencies is ever-evolving due to the various developments, updates, and changes introduced to them.
Ethereum (ETH) transfer fees have increased, and the overall wait times have climbed, sparking interest in alternative cryptocurrencies in their presale stage, such as Sparklo.
Ethereum (ETH) and Its Increased Fees
Ethereum (ETH) is the second-largest cryptocurrency in terms of market capitalization and is known for its move toward the Proof-of-Stake (PoS) consensus model.
However, with its recent hard fork, known as the Shanghai update, the deposits have exceeded withdrawals, and the overall wait times have increased. Most notably, however, the Ethereum (ETH) transfer fees have jumped significantly.
Close to $2 billion worth of Ethereum (ETH) is waiting to be withdrawn, with an average fee per transfer exceeding $12.
Additionally, nansen.ai statistics showcase that deposits exceeded withdrawals for the first time since the implementation of Shepela on April 12.
Ethereum (ETH) dived in value in the last 24 hours, where it traded at $1,988.86 on April 19, 2023, indicating a decrease of 5.2%.
Sparklo (SPRK) and Its Innovation In The Web3 Space
With the dip in the value of Ethereum (ETH) as a result of the increased fees, newer altcoins have had time to shine, and one of the best projects that took the attention of investors is Sparklo.
The Sparklo platform will be developed as an investment platform where each user can gain fractional ownership over silver, gold, or platinum.
The platform will be developed to operate through the creation of non-fungible tokens (NFTs) whenever someone makes an investment, which will also be fractionalized. This means that if someone wants to buy gold without needing to buy an entire gold bar, they can just buy a fraction of it.
The Sparklo platform will also work with jewelry stores and will help them bring their products to market through the platform while also enabling investors earlier access to new products and even discounts.
The team is also processing a KYC application, and the platform has already been audited by InterFi Network.
Picking The Best Crypto For Diversification
Sparklo will create the first alternative-investment platform that is tailored towards cryptocurrency investors, and with a price of $0.015 at its early presale, analysts in the Web3 space predict that its value can reach 40x by the end of 2023.
With the various innovations it brings to the table, the platform eliminates many of the barriers of entry to the precious metals asset class and enables anyone globally to fulfill their goal of diversifying their portfolio.
Sparklo is a very promising investment opportunity that anyone can check out at the level one presale line below.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance