Popular cryptocurrency Chainlink (LINK) which occupies a good spot among the top 100 cryptocurrencies has recently seen its price take a nose dive to $7.04. Chainlink (LINK) price analysis has seen its price in the past 48 hours and support level at $6.99, as the upcoming project Sparklo is set to gain traction at its current presale price of just $0.017.
Sparklo (SPRK) A Distinctive Crypto Project
Since there are a lot of ongoing crypto projects each promising something unique, Sparklo stands out as one of the most distinctive of them all with a different approach towards investing in precious metals leveraging blockchain technology.
Sparklo will be a dedicated investment platform allowing anyone who wants to fractionally invest in precious metals like silver, gold and platinum invest in them. Each investment will result in a Non Fungible Token (NFT) being minted and fractionalized. If a user buys the whole NFT, they can have the option of having real-world assets ( gold,silver and platinum) delivered physically to any location of their choice.
The team is processing a KYC application and the results will be posted this month. Sparklo has passed its audit by Interfi network in order to ensure the security of the platform and guarantee its users and investors the safety of their funds. As most knowledgeable investors know, investing into solid projects with good prospects early is where substantial gains are often made. We would highly suggest checking Sparklo out.
The main goal of Sparklo as a cryptocurrency protocol is to be the first investing platform that makes it possible for its users to purchase gold, silver, and platinum bars by utilizing an innovative approach . With a presale price of just $0.017, we believe this could be an opportunity to get into a future blue-chip cryptocurrency at an extremely good and affordable price. Furthermore, it will partner with jewelry stores to market their products, whilst Sparklo investors will get to benefit from first hand access to luxury accessories as well as other perks such as discounts. Investors will be able invest in NFTs representing real luxury investment.
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Chainlink (LINK) Price Analysis
The price is still being observed by an extended fall trendline on the prior 24-hour Chainlink (LINK) price analysis chart. Market capitalization and volume of Chainlink (LINK) traded have since gone down along with the price, with the trading volume down 33% since the start of yesterday’s session.
Currently trading at $7.16, ChainLink (LINk) is under immediate downside pressure due to the $6.99 support level. If this support fails.
On the more advantageous side, the LINK/USD pair faces an immediate price ceiling at the $7.22 mark and could experience more sell pressure if it fails to break this level.
Although Chainlink (LINK) could see some positive price movements in the near future, we believe it would be strategic and wise to look to other opportunities within the crypto market with the possibility of higher growth potential and significant returns on investment like the upcoming Sparklo project.
Find out more about the Sparklo presale: