Uniswap (UNI) and Ripple (XRP) are looking bearish as an emerging crypto project, Sparklo (SPRK) will quickly gain traction in the crypto industry
The cryptocurrency industry is constantly evolving. Almost new initiatives are launched every day while existing projects struggle to stay relevant. Uniswap (UNI) and Ripple (XRP) are gradually losing relevance in the eyes of potential investors.
Choosing the right coin and approach when investing in the cryptocurrency market can be very beneficial, but it is not always easy. Luckily, a brand new project called Sparklo is poised to revolutionize the industry and bring exciting new options to investors.
Uniswap (UNI) is looking bearish as the price is below investors’ expectations
Uniswap (UNI) price research is pointing to a bearish continuation as bulls attempt to restore market momentum. Uniswap (UNI) price is now trading below the $5.35 resistance level, which suggests that additional losses are possible if this level is not held. Uniswap (UNI) technical indicators are also negative, suggesting that sellers will have a significant advantage over buyers shortly. Uniswap (UNI) market sentiment is down around 0.88 percent and it is currently trading below the $5.30 level. Uniswap (UNI) 24-hour trading volume is up more than 10.34 percent to $37 million, while the market cap is now $3.06 billion.
According to Uniswap (UNI) price analysis, the bears have taken control of the market. As long as sentiment is negative, the market is expected to continue its downtrend. Investors remain skeptical given the current economic climate. If the selling pressure continues, prices will continue to fall.
Ripple (XRP) price analysis shows bearish momentum
According to CoinMarketCap rating, bears have returned. As of yesterday, Ripple (XRP) price is down 2.36%.
Despite today’s plunge, Ripple (XRP) remains negative in the near-term. Traders should keep an eye on the mid-level support level around $0.463. If the buyers are unable to take the initiative by the end of the day, a close near it may be required to stage a sharp drop to the $0.4450 zone. Daily Ripple (XRP) price is poised to close below $0.47.
As a result, Ripple (XRP) sales volume has grown. With that in mind, the support level is likely to drop down by $0.44. Ripple (XRP) is recovering to a recently created support level of $0.44. As buyers have failed to take the initiative after a false breakout, traders can expect a more significant drop to the $0.40-$0.42 range.
>>>> BUY SPARKLO TOKENS <<
SPARKLO (SPRK) will continue to gain relevance amid the uncertainty in the crypto market
Early investments in reliable companies yield huge dividends. Despite the current downturn in the cryptocurrency industry, investors continue to invest in future cryptocurrencies like Sparklo.
Sparklo will be the first alternative investment platform specifically designed for crypto enthusiasts interested in precious metals.
Precious metals have traditionally been out of reach for many people, either because they need to be transported and stored, or because it is prohibitively expensive to do so. By using fractional ownership, Sparklo will make assets far more liquid and accessible to more people than ever before.
Sparklo, the first cryptocurrency protocol investment portal, will allow customers to buy gold, silver and platinum bars. For each investment, an NFT is issued and fractionated. Users who purchase the entire NFT can have the physical good shipped to their preferred location.
Sparklo plans to partner with jewelry retailers to give investors unique access to new items at discounted prices. The platform is now running the second stage of its pre saleseach Sparklo (SPRK) token costs only $0.019.
Interfi Network examined the Sparklo platform, which just completed its KYC verification process. This is done to keep the platforms safe and reassure investors.
Find out more about the Sparklo presale:
Website: https://sparklo.finance
Pre sales: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
