Investors turn to Sparklo as Bitcoin (BTC) and Ripple (XRP) struggle with low liquidity and lawsuits – Cryptopolitan

by James · May 7, 2023

The cryptocurrency market has recently seen an exciting development, with new cryptocurrencies taking on the old ones. One such example is Sparklo, which has challenged old cryptocurrencies, Ripple (XRP) and Bitcoin (BTC).

Despite the fact that Bitcoin (BTC) and Ripple (XRP) are old players in the field, the young competitor Sparklo has managed to steal the limelight from them.

Investors looking to profit from Sparklos (SPRK) pre-sale

Sparklo aims to create the first blockchain investment platform dedicated to trading and investing in silver, gold and platinum. It plans to maintain the current conditions for precious metal investments while taking advantage of all the benefits of adopting blockchain technology.

Global buyers and sellers will be connected via Sparklo. When they want to buy or sell something, they can all give each other price quotes in the same way that traders in traditional metal investment platforms can.

Like any exchange, this price competition pushes everyone to offer very competitive prices, including Sparklo itself, so that traders always get the best offer from the provider.

Interfi Network has approved Sparklo, and the platform’s KYC application has been approved. The platform will also lock in liquidity for 100 years.

Due to Sparklo’s use of blockchain technology, which enables safe, open transactions without intermediaries, investors can be comfortable knowing that their money is safe.

The platform’s token presale is currently ongoing with stage two having just gone live. Each Sparklo (SPRK) token is currently selling for just $0.019.

>>>> BUY SPARKLO TOKENS <<

Flash Rally in Bitcoin (BTC): A Case of Low Liquidity

On May 2, Bitcoin (BTC) saw a temporary spike on the well-known cryptocurrency exchange Bitfinex. For a short period it cost more than $56,000, an increase of 100%.

The sudden price rise in Bitcoin (BTC) confused many Bitcoin (BTC) traders and investors because it was short and was followed by an equally rapid decline.

The Bitcoin (BTC) platform’s low liquidity, which encouraged price manipulation and increased the market impact of large orders, is to blame for the problem. Due to a number of factors, such as increased regulatory scrutiny and a general decline in Bitcoin (BTC) trading activity, there was minimal liquidity at the time.

Possible Conclusion of SEC v. Ripple (XRP) Litigation

The legal dispute between the SEC and Ripple (XRP) is gradually coming to an end. After filing their individual motions for summary judgment, the Ripple (XRP) SEC is awaiting Judge Analisa Torres’ ruling.

At the time of writing, the judge’s decision-making process has no set deadline. However, the Ripple (XRP) community relies on estimates provided by John Deaton, CEO of the leading blockchain company and inventor of CryptoLaw.

Deaton expects the decision to be made on or around May 6 in accordance with Judge Torres’ previous timeline; however, the CEO of Ripple (XRP) believes that the decision will be made in the first half of 2023. In particular, Ripple (XRP) is confident that Judge Torres will deliver the verdict before the end of the year.

Find out more about the Sparklo sale:

Website: https://sparklo.finance

Advance sales: https://invest.sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram:

Disclaimer. This is a paid press release. Readers should do their own due diligence before taking any action related to the Promoted Company or any of its affiliates or services. Cryptopolitan.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on content, goods or services mentioned in the press release.