According to CoinMarketCap, the global crypto market has dipped by 0.79%, with major cryptocurrencies such as Bitcoin and Ethereum trading in the red region.
Meanwhile, altcoins such as Polygon (MATIC) and Polkadot (DOT) are currently witnessing price fluctuations. However, investors are turning to more promising projects like Sparklo (SPRK), which just began its stage one token presale.
Polygon (MATIC) price manage to recover above key support level
Starting last Thursday, Polygon’s (MATIC) price exhibited a positive trend lasting four consecutive days. Throughout this sequence, the price of Polygon surged from a minimum of $1.0959 to a peak of $1.1885 on Sunday.
However, Polygon has experienced a steep decline in the past few days. Yesterday, the Polygon (MATIC) price experienced a decline of over 7%, falling from its initial price of $1.1718 to $1.0550. However, the token regained some ground and concluded the trading session above the support level of $1.0773, finishing at $1.0843.
CoinMarketCap data reveals that MATIC is trading at $1.09. The price drop observed within the past 24 hours has caused a reversal in the altcoin’s weekly price performance, resulting in a negative trend. Consequently, the current Polygon (MATIC) price has fallen by 1.94% within the last week.
Polkadot (DOT) continues downward trend
According to the analysis of Polkadot (DOT), the token’s price has plummeted significantly today. The bears have made a robust comeback, despite yesterday’s bullish trend.
The bullish trend shifted due to several hours of bearish activity, leading to a huge price correction for Polkadot today.
CoinMarketCap data shows that Polkadot (DOT) is trading at $6.41 by press time, a -0.34% price drop in the last 24 hours and a -0.06% decline in the past week.
Sparklo (SPRK) launches stage one token presale
Sparklo, a Web3 project that allows individuals to invest in rare metals such as gold, silver, and platinum, has launched the first phase of its presale. This exciting development provides investors with new avenues for investment opportunities. Besides, the platform has introduced an innovative solution called fractionalization.
Fractionalization aims to overcome obstacles– accessibility and high costs – restricting investors from trying to invest in precious metals. This means investors can purchase fractions of silver, gold, and platinum, backed by physical assets, as non-fungible tokens (NFTs) on the Sparklo (SPRK) platform.
As a result, this concept of fractionalization has attracted a significant amount of interest from investors. Furthermore, Sparklo aims to make metal investing more accessible to retail investors by eliminating the previously present barriers.
In stage one of the presale, investors can buy the Sparklo (SPRK) token for $0.015 per unit. They can buy the token using a wide range of digital currencies like Bitcoin, Ethereum, Tether, and Polygon, among others.