Algorand (ALGO) a popular altcoin among the top 100 cryptos has experienced slower growth over time, and although the vast majority of the market has witnessed recovery, this altcoin coin continues to trade at its recent lows.

The situation here is not just an absence of growth, but also an absence of investor backing, and given their current circumstances, investors cannot be held accountable for their lack of real conviction in Algorand (ALGO). With upcoming promising projects like Sparklo presale gaining more traction for a price of just $0.017 investors are now moving in to invest.

Algorand (ALGO) Investors Incur Losses

Algorand’s (ALGO) price for the last 48 hours has been trading at a four-month low, even as many other altcoins have charted year-to-date highs. About 96% of all Algorand (ALGO) holders bought their supplies out of FOMO around September 2021 highs of $2.4. Over time a lot of these investors moved their supply around, which is, at the moment, in the hands of mid-term holders.

These investors are often referred to as “all-time highers,” because they have all purchased their holdings at prices higher than $1.89. With Algorand’s (ALGO) price at its current level, investors are currently underwater, which means there are incurring losses.

For Algorand (ALGO) holdings to turn profitable again an increase in the value of the altcoin must range from 870% to 1000%. Since the likelihood of this happening is highly impossible, it seems like the only option for these investors is to either HODL or dump their stash though dumping will have a further negative effect on the price.

Sparklo (SPRK) A Unique Upcoming Project

Sparklo within the vast pool of upcoming cryptocurrency projects, Sparklo stands out as one of the most promising projects. Sparklo will be a platform enabling investment in alternative asset’s market with a focus on the precious metals (Gold, Silver, Platinum) market.

Investors can acquire NFTs reflecting their tangible investments in Gold, Silver, and Platinum. As a potential future blue-chip cryptocurrency, Sparklo offers a distinctive opportunity to invest in a promising crypto project like it with an affordable for everyone to take part in the project.

With a presale price of just $0.017 you can take part in this promising project with a significant opportunity for growth and expansion. Sparklo has already undergone auditing by the Interfi network to enhance its security and to guarantee investors safety of their funds.

Investors can now acquire NFTs representing real deluxe investments in real world platinum, gold and silver bars. Furthermore, Sparklo aims to work with jewelry shops to help them bring their products to market, whilst investors will benefit from first-access to new products as well as other perks such as discounts. Sparklo presents an opportunity for early investors to make significant gains due to its uniqueness and innovative approach , we recommend you to check Sparklo out.

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