Ripple (XRP) And Cardano (ADA) Struggle With Bearish Momentum, Sparklo (SPRK) Keeps Building
With the emergence of different innovations in the crypto space, the competition is getting tougher. Old cryptocurrencies are struggling to remain valuable, new cryptocurrencies are fighting to be in the spotlight.
Sparklo, one of the new innovations in the cryptocurrency market, has been capturing the attention of investors with its unique features and use cases. While other old cryptocurrencies like Ripple (XRP) and Cardano (ADA) struggle to remain valuable in the market, Sparklo is building itself to make the ranks of the most famous cryptocurrencies in the market.
Ripple (XRP) Struggles For a Spot on Coinbase Alongside Bitcoin (BTC) and Ethereum (ETH)
The omission of other assets, including Ripple (XRP), from Coinbase’s newly announced international exchange has caused criticism from Ripple (XRP) advocates.
Coinbase, America’s biggest cryptocurrency exchange, just launched its worldwide platform, “Coinbase International Exchange,” to serve institutional investors outside of the United States. Despite operating outside of US jurisdiction, the exchange initially only supported Bitcoin (BTC) and Ethereum (ETH), excluding other cryptocurrencies including Ripple (XRP). This prompted reactions from pro-Ripple (XRP) lawyers.
On May 2, Coinbase made the announcement of the debut, saying that it will initially offer Bitcoin (BTC) and Ethereum (ETH) perpetual futures markets paid in USDC, allowing for up to 5x leverage.
After the announcement, Bill Morgan, an advocate for Ripple (XRP), responded by mockingly pointing out that the exchange only accepts Bitcoin (BTC) and Ethereum (ETH).
Cardano (ADA) Price Faces Resistance
This past week, Cardano (ADA)’s price made a couple attempts to surpass the $0.415 threshold. On the other hand, the bulls struggled to gain traction for a consistent ascent over $0.415.
The outcome was another decline for Cardano (ADA) near the $0.38 support. A bottom has formed at $0.3800, similar to what happened with Bitcoin and Ethereum, and the price of Cardano (ADA) is exhibiting a few bearish signs.
The 61.8% Fib retracement level of the most recent slide from the $0.4149 swing high to the 0.3800 low is very close to $0.4015. If there is an upward break in Cardano (ADA)’s price above the $0.402 and $0.405 resistance levels, the price of Cardano (ADA) might start making a significant rise.
Sparklo Continues To Storm the Cryptocurrency Market
Sparklo is a cryptocurrency initiative that aids the purchase and trade of precious metals such as platinum, gold, and silver. The platform is based on the Ethereum blockchain and follows the ERC-20 token standard.
In contrast to traditional ways of precious metal investing, Sparklo users can purchase and sell precious metals directly from one another, boosting transaction security and speed.
Sparklo’s capacity to provide liquidity for precious metals is one of its distinguishing qualities. Each Sparklo network purchase is backed by the appropriate amount of precious metal held in a safe location. This guarantees that every token has a complete physical asset backing, making it a more safe investment choice.
For consumers who wish to transfer money quickly and economically, Sparklo is a desirable alternative because of its low transaction charge and speedy transaction timeframes.
The Sparklo platform has been audited by Interfi Network and recently completed its KYC verification process. This is to ensure and assure investors of the platforms’ security.
Currently, the platform is carrying out stage one of its presale, which is coming to an end soon. Each Sparklo (SPRK) token is going for just $0.017. Plus there is a 50% bonus offer on all purchases done within the next 24 hours, making this an exciting opportunity to participate in the tokens’ presale.
Find out more about the Sparklo presale:
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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