The crypto market continues to show stability that many analysts believe is a precursor to a potential bull market. Most altcoins continue to make minor gains, with Solana (SOL) and XRP (XRP) showing the most promise. However, even as these two cryptos show signs of a potential upside, most analysts expect them to stay within the range of gains Bitcoin can deliver in the short term.
This is relatively minimal compared to the kind of returns new cryptos just entering the market have given investors. It also explains why more investors are increasingly drawn to Sparklo than Solana (SOL) and XRP (XRP).
Sparklo (SPRK) is all set to disrupt the precious metals market
Sparklo is generating a lot of buzz and for a good reason. Sparklo wants to make buying precious metals such as gold, silver, and platinum easier for the average investor. Through Sparklo, investors can buy tiny fractions of their favorite precious metals in the form of NFTs. Those who can buy an entire NFT can take physical ownership of the precious metal backing it.
Besides this powerful use case, investors are increasingly drawn to Sparklo for its safety element compared to most crypto presales with a price of $0.036. Sparklo has a 100-year liquidity lock, meaning the founding team cannot pull a pump and dump on investors. The Sparklo smart contract has also been audited by InterFi Network and found to be safe.
Sparklo is also drawing in investors looking to take advantage of its unique bonuses. The current ongoing Sparklo presale bonus offers 50% more on top of the tokens that an investor decides to buy. Check the link below to take advantage of this bonus offer.
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Solana (SOL) is trending, but the broader is dragging it down
Solana (SOL) has been trending for the past week and for a good reason. Solana (SOL) has seen an increase in users driven by rising costs on the Ethereum network. Data shows that Solana (SOL) user numbers hit new all-time highs in May. With high Ethereum fees, analysts expect Solana (SOL) to do well in the next bull run. However, in the short term, Solana (SOL) is held down by the broader market.
This explains why even Solana (SOL) whales are looking to cryptos that could deliver significant gains in the short term, such as Sparklo.
XRP (XRP) is doing well, but risks abound
XRP (XRP) has been one of the best performers among the top 10 large cryptos in the past week. The strong showing by XRP (XRP) has much to do with expectations that it could start getting relisted on major exchanges. In the past week alone, XRP (XRP) has experienced an inflow of $2.6 billion, quite a significant amount under current market conditions. While there are expectations that XRP (XRP) could rally, there are risks. The most significant threat to XRP (XRP) remains the lawsuit by the SEC against Ripple. If the SEC wins, it could hurt the XRP (XRP) price.
This may explain why XRP (XRP) investors are looking to other cryptos with fewer risks and more upside potential despite the optimism. One cryptocurrency that draws much more attention than XRP (XRP) is Sparklo. There is so much buying momentum around Sparklo that some analysts believe it could rally by 1,500% or more once listed on exchanges.