In recent years, the crypto world has been marked by ups and downs with some digital currencies experiencing massive gains while others have struggled to stay afloat. Ethereum (ETH), one of the top cryptocurrencies, is struggling to remain above the $1,900 mark.
However, a new crypto project taking the ecosystem by storm. Sparklo (SPRK) is a cryptocurrency that is poised for massive profits in 2023, thanks to its growing popularity and unique features.
Ethereum (ETH) Struggles To Remain Above $1,900
Ethereum (ETH), the altcoin with the largest market cap, began a new decline recently after failing to break the $2,125 resistance, similar to BTC. It dropped below $1,950 and hit a low of $1,910 before stabilizing. Currently trading below $1,960 and the 100-hourly Simple Moving Average, Ethereum (ETH) faces immediate resistance at $1,950.
On ETH/USD’s hourly chart, a significant bearish trend line is taking shape with resistance at around $1,950. Additionally, the trend line intersects with the 23.6% Fib retracement level of the major drop from the $2,124 high to the $1,910 low.
If Ethereum (ETH) cannot surpass the $1,950 resistance, it may continue to decline. The initial support lies around the recent low of $1,920. If Ethereum (ETH) falls below that, the next significant support is at the $1,900 level, which could result in further bearish momentum for Ethereum (ETH).
Sparklo (SPRK) Offers Opportunity To Invest In Precious Metals Like Gold
Sparklo’s (SPRK) upcoming launch is set to revolutionize the cryptocurrency investment world by providing a great opportunity for investors to purchase gold, silver, and platinum bars through their platform.
Previously, purchasing these precious metals posed a considerable challenge for many as they are very expensive. However, Sparklo’s new approach aims to eliminate these difficulties and open up the market to a wider range of potential investors.
Sparklo (SPRK) has introduced fractional ownership, which promises to increase accessibility and liquidity to these assets. Meanwhile, the platform has already undergone an InterFi Network review and is currently working on a KYC application.
The aim of the project is to create an innovative investment opportunity for traders to exchange fractionalized NFTs that are backed by silver, gold, and platinum bars. Sparklo (SPRK) has the potential to shake up the crypto space and revolutionize the way investors view and trade precious metals.
Meanwhile, Sparklo (SPRK) has already opened the first stage of its token presale with the token going for $0.015 per piece.
Find out more about the presale:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance