While old cryptocurrencies like Ripple (XRP) and Dogecoin (DOGE) Continue to give investors a tough time on their investments, Sparklo presents a new and sure way to earn maximum returns in the next bull run.
Ripple Unlocks 1 billion XRP, Ripple (XRP) Drops from $0.48
As part of the protocol’s monthly cycle, one billion Ripple (XRP) currencies were released from escrow. According to whale tracking software Whale Alert, two transactions, each containing 500 million Ripple (XRP), were released at midnight last night using the preprogrammed escrow unlock method. As a result, the price of Ripple (XRP) is said to have fluctuated several times.
Recent analysis of Ripple (XRP)’s price, Ripple (XRP) has effectively retraced below $0.4800 and has been performing bearishly over the previous day. The pair’s price soared to an intraday high of $0.4818 before retreating to a low of $0.4788. Ripple (XRP) fell 1.64 percent in the past 24-hour trading session, giving bears a solid bearish trend.
At the time of writing, Ripple (XRP) is trading at $0.4655, a decrease of 2.18% from the previous day. The token has used the $0.46 area as support to reduce the likelihood of additional falls below the $0.44 low of April 26.
Dogecoin (DOGE) Investors Should Expect a Difficult Week
After exceeding $0.100 in early April and failing to recapture that level subsequently, the price of Dogecoin (DOGE) has been on a continuous decline. Although it briefly seemed as though April would surpass March as its best month, it now seems that April marked the beginning of a sharp decline.
Since last week, Dogecoin (DOGE) has been compelled to give up on the 200-day SMA’s consistent support, and it now faces the possibility of being rejected on its topside.
According to data from TradingView, Dogecoin (DOGE) might have a sharp decline in the coming days, with 10% of the losses coming from a drop below the monthly pivot.
Investors in Dogecoin (DOGE) are told to expect a difficult week because there is a chance of a 25% price loss. At a price of about $0.056, Dogecoin (DOGE) would drop to its October 2018 low and lose all of its performance gains for 2023.
Sparklo (SPRK): A New Way to Invest in Precious Metal
With the use of valuable metals like gold, silver, and platinum, the cutting-edge blockchain-based investment platform Sparklo aims to make it possible to invest in NFT fractions. Investors will acquire their assets physically after the full purchase of the NFTs, bridging the gap between the digital and real worlds.
The Sparklo presale is currently ongoing and each SPRK token is worth just $0.017. The platform is offering a 30% on all purchases; this offer will last till 5/05/2023.
Also, to assure investor confidence and security, the team has completely frozen liquidity for 100 years, completed the smart contract audit, and is now completing the KYC audit. From this point on, the blockchain-based investing platform can only go higher.
Find out more about the Sparklo presale:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
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