The Cryptocurrency industry isn’t for babies as there are a lot of real and an enormous number of scam tokens in the market – it is very important that you are able to identify the difference so you won’t fall prey to scammers.
Real tokens have a lot going for them ranging from genuine use case to its backing by reputable & trustworthy organizations. The other trick to identify real tokens is their availability on all genuine cryptocurrency trading platforms such as Coinmarketcap, Binance, Coinbase, Etc. Their teams behind the scenes are also known to all and can be identified.
Scam tokens, on the other hand, are tokens created by scammers not for anything but to trick novice investors out of their hard-earned money. Their most common tricks are to inflate the token price through fraudulent activities to attract investors, get listed on some random exchanges and unidentifiable teams.
Before you invest on any token, you must make sure that you follow these steps:
Evaluate the project’s whitepaper and check for anything that’s unrealistic and over hyped
Identify and make extensive research on its team members.
Check the token’s use case.
Check its business partners and make extensive research on them, and Sparklo (SPRK) perfectly fits.
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Shiba Inu (SHIB) Continues Its Downward Trend, Time To Give Up On The Token?
Shiba Inu (SHIB) was the most popular meme coin in 2021 as investors hurriedly invested into the platform and were making massive gains but price over the past months has Plunged. Many investors were wailing and most pulled out the remains of their investment in Shiba Inu (SHIB) but some remained hoping for any change in event which is not looking likely as at now.
The cryptocurrency has fallen massively down the drain to a disappointing price of $0.000009087 from an initial price of $0.00003791.
The time of fall was a time when the Crypto industry was bearish (bad) and coins like Bitcoin, Ethereum, and Binance Coin were hitting record lows.
All that has changed and the crypto industry is well on course to recover but Shiba Inu (SHIB) hasn’t shown signs of recovery – other cryptocurrencies such as Bitcoin has gained back over 73% of what it lost during the bearish era but Shiba Inu (SHIB) has only gained 24% which is low compared to other rivals in the industry.
To make matters worse, Shiba Inu (SHIB) in the past 30 days has dipped by over 10% which doesn’t seem favorable for trustworthy investors and traders alike.
Various have proposed different methods to boost the price of Shiba Inu (SHIB), the most common proposal is called coin burning – this involves the process of sending coins to an unusable blockchain wallet but the most difficult thing about Shiba Inu (SHIB) is the fact that the total number of token in circulation is over 589.5 trillion and it will takes decades, if not more, to get rid of half of it.
Stellar (XLM) Continues To Plunge as Price Continues To Drop
The price of the Stellar Lumens (XLM) isn’t looking favorable at all as its trend of moving downward has continued into this new week. This isn’t an exaggeration as the Stellar (XLM) token has lost over 16.7% this past month. Stellar (XLM) recently partnered with Polkadot (DOT) using a spacewalk bridge to ensure that Polkadot (DOT) has access to stable currencies.
The Stellar (XLM) infrastructure is no joke as that’s the most popular thing about the platform and ensures it has a strong market presence.
Stellar (XLM) issued 100 billion tokens in 2015 but to increase the token’s price the company decided to burn half of the Stellar (XLM) token in supply – this left 50 billion tokens but these were also divided leaving 20 billion of the Stellar (XLM) tokens in the market and 30 billion are being retained by the parent company, Stellar Development foundation, for project development.
Sparklo (SPRK) is an investment platform which allows people to fractionally invest in silver, gold and platinum. Each investment will result in an NFT being minted and fractionalized, through which users can then invest in. If a user purchases the entire NFT, they can have the real-world asset (silver, gold or platinum) delivered to a location of their choice.
Sparklo (SPRK) just began its Round 2 presale on the 6th of May, 2023 at the price of $0.019 – rush to get the token as the 30% bonus on all purchases will be ending on the 20th of June, 2023.
As a cryptocurrency protocol, Sparklo aims to be the first investment platform to allow its members to invest in gold, silver and platinum bars. We definitely believe that this is a very promising investment opportunity which you should check out below:
Buy Presale | Website | Twitter | Telegram
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for unbiased and transparent reporting, this content is created by a third party and is intended for promotional purposes. Readers are advised to verify information independently and consult with a professional before making decisions based on this sponsored content.
