Transform Your Investment With Sparklo: Trade Fractionalized NFTs Backed By Precious Metals9. May 2023
• The article examines how Sparklo will change the investment industry and compares it to Neo (NEO), a rapidly growing blockchain network.
• Neo (NEO) is currently oversold, with a Relative Strength Index (RSI) reading of 32.75, indicating bearish sentiment among investors towards the project.
• Sparklo is built on the Ethereum blockchain and aims to create an alternative investment platform where users can trade and invest in fractionalized NFTs backed by precious metals.
Neo (NEO) describes itself as a “rapidly growing and developing” network to serve as the cornerstone for the future economy where digital assets, identities, and payments coexist. When it originally debuted in February 2014 under Antshares, this project was considered China’s debut public blockchain. The open-source protocol changed to Neo (NEO) three years later. The team behind this project runs an EcoBoost campaign intended to encourage individuals to create decentralized apps and smart contracts on its blockchain and a global community of developers that construct new infrastructure for the network and remove entry hurdles.
Relative Strength Index
A popular indicator for determining if a cryptocurrency is oversold (below 30) or overbought (over 70) is the Relative Strength Index (RSI) momentum oscillator. The NEO market is now in a rather negative position, as the RSI reading is 32.75. Several analysts have predicted that people’s sentiment towards Neo (NEO) is bearish. Based on today’s pivot point (P1) at $10.13, Neo (NEO) has support levels of $9.95, $9.81, and $9.63, with the last being the strongest resistance levels for NEO are also at $1027, $1045$, and $1058$. The current Neo price is $1025$, with 27781419 trades for the day It has a total supply of 100000000and acirculating supply of 70538831
Sparklo(SPRK)is built onthe Ethereumblockchainandaimstocreate thefirstalternativeinvestmentplatformthatallowsusertotradeandinvestinfractionalized NFTsbackedbypreciousmetals Unlike traditional metalsmarkettheplatformwill eliminate intermediariesanddecreasetransaction fees Sparklowill employ thesecurityfeaturesavailableontheERC20networkTheKYCapplicationhas beensubmittedandapproved AlsoInterfinetworkhasauditedthesmartcontractthatgovernsSparkloThelevelonepresale endedyesterdayandsparklohasbegunitssecondpresalesphaseThepriceofatokenisnow019buyerswillgeta30bonusonalltokens .
The article discusses how bearish sentiments from investors have caused them to think twice about investing in specific projects after mass adoption of cryptocurrencies took place in 2017 To succeedinthisWeb3projectitmusthaveasubstantialinnovationthatskeepdrivinginvestorsintotheproject .
In conclusion Sparklo offers an innovative alternative investment platform that allows users to trade fractionalized NFTs backed by precious metals while decreasing transaction fees On the other hand Neo has seen bearish sentiment from investors due to its low Relative Strength Index score This shows how different projects fare differently even when they are within similar industries