In the past few weeks, the cryptocurrency market has printed lovely greens for traders. While we have had some minor retracements, analysts have predicted that the next Bull run might be around the corner. With Bitcoin (BTC), between its $26,500 support and $30,000 for days now. It may finally be time for solid alts to gain traction after ETH has its run share. But the main focus of this article will be on Polkadot (DOT), Cronos (CRO), and Sparklo (SPRK).
Polkadot (DOT) Puts Up A Strong Defence At Support Zone
Polkadot (DOT) is an open-source, sharded multichain network that can handle numerous transactions across various chains simultaneously, making it a highly scalable network. Polkadot (DOT) aims to link and secure a network of specialized blockchains. It enables cross-chain transfers of tokens, data, and assets, making it possible for blockchains to communicate with one another. Polkadot (DOT) was created to serve as a fundamental framework for Web3.
Polkadot (DOT) is currently trading at its major support zone of $5.9 after seeing a weekly high of $6.9. Technical analysts predict Polkadot (DOT) will reach a trading price of $8 during Bitcoin’s next rally, owing to the news that a top gaming platform recently ditched the Ethereum fork for Polkadot (DOT). Holders and investors believe this move would bring Polkadot (DOT) to new highs, provided Bitcoin keeps its rising momentum.
Investors are wondering just how high up Polkadot (DOT) can go, seeing as it recorded a 7.38% drop in price in the past seven days. Also, if Polkadot (DOT) Loses this support zone, the price might drop to $5.
Cronos (CRO), Amazon Price Rally: Will It Hold?
The Price of Cronos (CRO) recently went over $0.07, marking a 13% rise in the last 24 hours, thanks to the partnership announcement between Cronos (CRO) and Amazon Web Services (AWS)- a cloud computing service provided by Amazon. Despite this fresh spike in price, Cronos (CRO) has been in a yearly straight fall, dropping about 75% of its value.
Cronos (CRO) is the cryptocurrency of crypto.com, a payment, trading, and financial services company, developed by Crono Protocol Labs. Cronos (CRO) launched in the last quarter of 2018.
One of the items in the portfolio of services offered by Crypto.com that aims to hasten the adoption of cryptocurrencies worldwide is Cronos (CRO). The Cronos (CRO) blockchain is a propeller that powers the Crypto.com Pay mobile payments app.
Sparklo (SPRK) Over-performing in its First Presale Stage
Sparklo is an innovative cryptocurrency system that aims to create the first alternative-investment platform tailored explicitly for cryptocurrency investors. The platform will enable buyers, sellers, and investors to fractionally or wholly invest and trade silver, gold, and platinum bars.
Sparklo is currently in its first presale stage and is selling for only $0.015, and it will increase to $0.017 after this weekend and offer a 30% bonus on all buys. It might be a blue-chip project as it allows users to invest in NFTs representing luxury investments in precious metals like gold, silver, and platinum.
Sparklo promises to be an investment opportunity that will produce impressive ROIs.
Find out more about the presale:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
