The negative market has always been a source of concern for many crypto investors and traders because when certain projects fall, it is difficult for them to regain their footing. Market analysts predict a Bitcoin (BTC) crash as Avalanche gradually loses value due to user participation. Sparklo’s Presale service provides the solution to market investors.
Avalanche (AVAX) Taking A Notable Plunge In The Number And Users Or Interactions In Its Ecosystem
Since 2022, the total value locked (TVL) on Avalanche (AVAX) has been on a consistent downward trend. Despite numerous attempts to increase user numbers, the TVL showed no significant improvement.
Furthermore, the Avalanche (AVAX) network observed a decline in interest in the NFT market. According to AVAXNFTSTATS statistics, Avalanche’s (AVAX) overall daily mint volume has decreased significantly over the last month. This meant that new NFTs were not being formed on the Avalanche (AVAX) network very regularly. Unfortunately, interest in Avalanche’s (AVAX) top-tier NFT collections, such as Roostr and MadSkullz, was waning.
The number of daily active users on the Avalanche (AVAX) network, on the other hand, declined by 9% in the past week, according to token terminal statistics. As a result, the total income earned decreased by 19.1%.
Popular Avalanche (AVAX) dApps including Benqi, CelerNetwork, and Beefy Finance have had a decrease in unique active wallets during the previous week, according to Dapp Radar.
Bitcoin (BTC) Facing More Bearish Resistance
The entire market value was $1.21 trillion at the time of writing, showing that today’s market session is quite calm. The entire market cap has slightly decreased by 0.16% during the past 24 hours, reaching its present level. Despite the fact that Bitcoin (BTC) entered today’s session with minute bull indications and has registered a 0.14% increase in the last twenty-four hours, the cryptocurrency is still seeing sellers close to the $30,000 mark.
Despite the fact that the market value of Bitcoin (BTC) climbed by 0.1% during the same time period, the trading volume of Bitcoin (BTC) has declined by 14%. Bollinger bands are moving in closer proximity, which suggests that today’s volatility for Bitcoin (BTC) remains unchanged.
The MACD signal is approaching its average line, indicating that bulls aim to push it back over the positive zone and propel the crypto king Bitcoin (BTC) back over the $30,000 barrier.
Sparklo Providing an Alternative for Investors to Gain Yield
Sparklo’s goal is to build the first blockchain investment platform dedicated to trading and investing in silver, gold, and platinum. It intends to maintain present precious metal investing conditions while making use of all the benefits of blockchain technology adoption.
Sparklo will connect global buyers and merchants. When they wish to purchase or sell anything, they may all provide price bids to each other in the same way that traders on traditional metal investment platforms can. Millions of tokens were sold at the initial presale stage due to Sparklo’s cutting-edge solutions, and investors are continuously buying at the time.
The price of each Sparklo (SPRK) token is presently $0.019, with stage one of its presale finishing today. In addition, there is a 30% bonus on all purchases; this offer is valid through June 20, 2023.
Sparklo consumers will be able to invest in NFTs that are truly luxurious. Sparklo, a new blockchain technology, wants to be the first investing platform that allows users to invest in precious metals including gold, silver, and platinum.
Find out more about the Sparklo presale
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