Older cryptocurrencies that led the crypto bull run in 2017 are beginning to show a resurgence. This has led to speculation that it could be a repeat of 2017, which is quite interesting because a good chunk of such cryptos has been dormant for years. For instance, Litecoin (LTC) and XRP (XRP) are among the cryptos that did exceptionally well in 2017 but failed to retest their all-time highs in 2021.
However, even as the excitement grows around the potential for these older cryptos to do well in a possible 2024 bull rally, investors are also digging into new cryptos flying under the radar. Sparklo is one such crypto yet to hit the markets, but it is drawing much attention.
Sparklo (SPRK) catches whales’ attention thanks to a strong use case
Sparklo is still in presale, but it is already attracting the attention of crypto whales. The growing excitement around Sparklo is not without basis. Sparklo wants to make it easier for investors to buy precious metals by leveraging the power of NFTs. With Sparklo, purchasing a tiny portion of gold or other precious metals as a part of an NFT will be possible. Those who choose to buy the whole NFT can take the physical delivery of the precious metal they are investing in.
But that’s not all; whales are also increasingly drawn by Sparklo ‘s security features. Many crypto presales are scams, but Sparklo has things covered on this front. With Sparklo, the smart contract is fully audited by InterFi. Liquidity is also locked up for 100 years to ensure the team never gets crafty and pulls the rug.
The price is also a main attraction to Sparklo. The price has increased since stage one when Sparklo traded at $0.015. In stage two of the presale, Sparklo ‘s price has been adjusted several times and currently sits at $0.036. It’s a sign of good things to come.
XRP (XRP) analysts eye 10X gains, but buying volumes remain low
XRP (XRP) is drawing a lot of excitement after a sustained price increase for over a week. XRP (XRP) has even crossed the $0.50 mark and looks set to keep going higher in the short term. Expectations of a possible Ripple legal win drive the current momentum around XRP (XRP). However, this is not the first time XRP (XRP) investors have been hopeful, only for the case to continue. As such, XRP (XRP) remains relatively low, rising steadily.
The real game is in the presale segment of the market. Unlike XRP (XRP), cryptos still in presale, such as Sparklo, have proven themselves as worthy investments in the last few months. Sparklo is even more exciting because, unlike the meme coins, it has fundamentals backing it up.
Litecoin (LTC) excites the market, but Bitcoin is holding it back
Litecoin (LTC) has been showing a lot of potential recently, and investors believe it is one of the top cryptos to watch in the short term. This is all thanks to the upcoming Litecoin (LTC) halving that is coming up in August. At the same time, Litecoin (LTC) has proven itself a worthy alternative to Bitcoin for everyday transactions. Litecoin (LTC) has low transaction fees and faster speeds than Bitcoin. Despite all these, Litecoin (LTC) is yet to unshackle itself from Bitcoin’s price action.
This has led investors to believe that the Litecoin (LTC) halving will only be impactful if Bitcoin is bullish. For this reason, investors are turning to cryptos showing potential for independent price action, such as Sparklo.