The crypto market continues to show positive signals, with top cryptos showing signs of increased buying momentum. Among the cryptocurrencies investors are watching ahead of the next bull run are Ethereum (ETH) and Shiba Inu (SHIB). However, the top 10 cryptos are yet to show any major price moves.
Instead, most of the attention is going toward upcoming cryptos still in the presale stages. Quite expected after several presale cryptos rallied by thousands of percentages in the last few months despite the sluggish broader market. One crypto that is currently catching the eye of investors is Sparklo. The attention around Sparklo is so high that some analysts predict 1,500% or more gains within the year.
Sparklo (SPRK) is looking to transform precious metals trading
Sparklo is exciting the market to make it easier to invest in precious metals. With Sparklo, investors can buy tiny fractions of precious metals in NFTs. Investors that can take full ownership of an NFT can also take physical ownership of the metals they buy. By leveraging blockchain tech, Sparklo will also make it possible to trade precious metals in a P2P market, increasing speed and drastically cutting costs.
But that’s not all; Sparklo ‘s element of security is also drawing investors in. A good number of new cryptocurrencies end up being pumped and dumped. Sparklo is designed to ensure that the founding team cannot pull a rug pull, thanks to the 100-year liquidity lock feature. The Sparklo smart contract is also fully audited and found safe.
The best part is that Sparklo’s price has continuously been adjusted upwards. Sparklo was going for $0.015 in stage one of the presale and was adjusted several times upwards. In the ongoing stage two of the Sparklo presale, the price has been adjusted upwards and currently stands at $0.036. With ongoing bonus offers, it is not surprising that investors are rushing in to buy Sparklo.
Ethereum (ETH) investors excited ahead of upgrade but no price jump
Ethereum (ETH) continues to hold steady above $1800. Investors are increasingly bullish that Ethereum (ETH) could see some positive price action ahead of the upcoming EIP 4844 upgrade. The upgrade is part of the continuous process of making Ethereum (ETH) scale better. However, even as excitement builds up, analysts don’t expect significant moves since the broader market is yet to turn bullish.
While consensus estimates are that Ethereum (ETH) could do 20 – 30% in the short term, new cryptos are where the money is expected to come from. For instance, analysts expect Sparklo to easily make gains of 1,500% within the year, much higher than the consensus estimate on Ethereum (ETH).
Shiba Inu (SHIB) trading at a discount but buying volumes low
Shiba Inu (SHIB) continues to stagnate even as the broader market shows signs of a rebound. Shiba Inu (SHIB) metrics show that liquidity continues to shrink, an indicator that investors could be losing interest. This is reasonably expected as Shiba Inu (SHIB) now has to contend with new upcoming meme coins that are giving investors 10s of thousands of percentages in gains.
Investors are also abandoning Shiba Inu (SHIB) for fundamentally strong cryptos still in the presale stages. Money is increasingly flowing away from Shiba Inu (SHIB) into high-potential presales like Sparklo. Analysts believe Sparklo could end the year with 1500% or more gains. That’s more than anything Shiba Inu (SHIB) investors can expect this year.