Sparklo (SPRK) Investment Promising Enough to Outperform Shiba Inu (SHIB) and Chainlink (LINK)

Cryptocurrency prices crash all the time; it is a norm. As a result, investors have mastered the act of fleeing the boat at the sign of any leakage. All of these factors contribute to the ability of one cryptocurrency outperforming the other. 

Sparklo has been gaining attention since its presale launch. This has led to predictions of it being a promising investment; perhaps promising enough to outrun current well-to-do coins like Shiba Inu (SHIB) and Chainlink (LINK).

Shiba Inu (SHIB) at a Crossroad Due to Negative Effects of High Burn Rate

Shiba Inu (SHIB)  was launched in August 2020. With about 250 million tokens lately being taken out of circulation, the circulating supply of the Shiba Inu (SHIB)   network has significantly decreased.

Shiba Inu (SHIB) is at a crossroads due to the general market slump and dwindling network activity. The token’s outstanding market performance had previously been supported by a high burn rate and an increase in network activity.

Previously, Shiba Inu (SHIB)’s market success was significantly boosted by its high burn rate and active network. The dynamics of supply and demand changed in favor of the cryptocurrency as more tokens were taken out of circulation, increasing its value. However, the token’s burn rate has also been significantly impacted by the recent decline in network activity, which has an effect on its market position. Shiba Inu (SHIB)’s future path, however, remains unpredictable as these factors vanish.

Chainlink (LINK)  Price Moving on the High Side

Chainlink (LINK), a decentralized oracle network built on Ethereum, has increased a lot in popularity in the cryptocurrency industry since its release. However, the oracle network exhibits some faults. Chainlink (LINK) pushes the boundaries of what dapps can achieve and is critical to the overall success of DeFi. The attack vectors’ complexity grows each year as new projects and special data are developed.

In comparison to other cryptocurrencies like Ethereum, which has thousands of nodes, Chainlink’s oracle network is still very tiny (332 nodes), and it would gain additional security and redundancy if it became even more decentralized.

Sparklo: Promising Enough to Outperform Shiba Inu (SHIB) and Chainlink (LINK)

Despite the fact that most cryptocurrencies may be performing better, Sparklo is becoming known as a crucial investing platform. Sparklo will be the first blockchain-based trading platform for investments with an emphasis on Silver, Gold, and Platinum. Through it, users will be able to buy gold, silver, and platinum using NFTs. Every fractionalized NFT is backed by physical assets. It passed its audit with Interfi network and has the potential to lock up liquidity for 100 making it a secured investment.

It will enable investors to trade in minted or fractionalized NFTs backed by precious metals such as gold, silver, and platinum. After acquiring a full NFT and having it delivered to their location, investors receive their actual assets.

The Sparklo presale is still ongoing, with the token costing only $0.015. Experts predict a 4,000% growth by early 2023.

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

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.