Decentraland (MANA) And Axie Infinity (AXS) Falter As Sparklo (SPRK) Enters The Scene

Metaverse cryptocurrencies like Decentraland (MANA) and Axie Infinity (AXS) were getting a lot of hype in the 2020/21 cryptocurrency bull run. Billions of dollars flowed into that market and saw their valuations hit unexpected levels. 

However, things have since changed. The hype has died down, and investors can see Decentraland (MANA) and Axie Infinity (AXS) for their actual value. 

The smart money has realized that the idea of the Metaverse will never gain traction, or it’s still far away, and it would be better to capitalize on other opportunities.

One such opportunity is Sparklo, a new cryptocurrency many analysts believe is the one to watch for those seeking parabolic gains in the crypto market. 

Decentraland (MANA) Stagnates As Virtual Lands Collapse In Value

Decentraland (MANA) was one of the top-performing cryptocurrencies in the 2020/21 crypto bull run. This was primarily driven by accelerated growth of the value of its virtual real estate. 

That bubble has since burst, and today, Decentraland (MANA) lands are worth less than 90% of what they were in 2021. Will there be a bounce back for Decentraland (MANA)? Analysts are pessimistic about it.

For starters, owning virtual real estate has lost its allure. This has seen many large investors exit from Decentraland (MANA) and other Metaverse cryptocurrencies.

At the same time, investors have realized that virtual worlds for the gaming world are less developed for Decentraland (MANA) compared to their more established centralized counterparts. 

Besides, unlike when Decentraland (MANA) was a unique idea, today’s market is saturated with cryptocurrencies with a better value proposition. 

One cryptocurrency that is quickly taking the shine away from Decentraland (MANA) is Sparklo (SPRK).

Axie Infinity (AXS) Diminishing Returns For Gamers Dims It’s Shine

Axie Infinity (AXS) was getting much attention in 2020/21 for its play-2-earn gaming ecosystem. However, Axie Infinity (AXS) today is nothing close to what it was back then. 

Today, Axie Infinity (AXS) faces stiff competition from other P2E cryptocurrencies that give players better returns for their efforts. 

With the hype cycle over, Axie Infinity (AXS) investors and gamers have realized that the decentralized gaming world needs to be developed more to compete with centralized, well-funded gaming platforms.

With Axie Infinity (AXS)’s already significant market cap and a shrinking share of its core market, analysts don’t expect it to outperform the market. 

Sparklo Reignites Investor Hopes For Exponential Crypto Gains

Even as the broader crypto market continues to show weakness, Sparklo (SPRK) is drawing a lot of optimism from investors. 

Sparklo (SPRK)’s growing momentum has much to do with its solid use case.  Sparklo (SPRK) wants to enable anyone investing in precious metals (gold, silver, and platinum) to do so regardless of their starting capital. That’s because, with the Sparklo (SPRK) platform, investors can buy a fraction of these metals as NFTs. 

For anyone looking to jump on the Sparklo (SPRK) train early, the tokens are going for only $0.015 presale. Some analysts are optimistic that Sparklo (SPRK) could rocket into the top 100 cryptos by market cap once the presale is complete.

This is possible because, besides the strong use case, Sparklo is a transparent crypto project. It is audited by the InterFi network, and there is KYC auditing for maximum openness. 

Buy Presale: https://invest.sparklo.finance

Website: https://sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance

Chainbits is not the source of this content. This article is provided for educational purposes only. Users should exercise caution with investing/dealing with cryptocurrencies and do thorough research prior.