Frax Share (FRX) and GMX (GMX) offer investors little chance at a price swing, as the tokens are expected to continue their downtrends. This has heightened interest in the Sparklo presale, which offers uptrend price movement.
Sparklo (SPRK): What is all the Fuss?
The fuss around Sparklo stems from its unique fundamentals, which involve investing in fractionalized NFTs backed by rare metals. Through the platform, investors will be able to invest in bits of precious metals such as platinum bars, silver, and gold.
With a cheap price of only $0.017 and a 30% bonus until May 5th, Sparklo’s early adopters are in crypto’s paradise, considering the profits they are about to amass. According to different analysts, the project is expected to have at least 2,000% growth next year.
In addition, the smart contract has been audited by InterFi Network, KYC is ongoing, and liquidity has been locked for literally a lifetime—100 years. These have contributed to improving investors’ trust in the project, making all the fuss worthwhile.
Frax Share (FXS) to Continue Its Bearish Descent
Frax Share (FXS) is a fractional-algorithmic stablecoin system. The protocol aims to provide scalable, decentralized, and algorithmic money. A recent development around the Frax Share (FXS) protocol is the announcement by the team lead that Curve / Convex LPs are on the verge of being supported on FraxLend.
Nevertheless, irrespective of this development and others occurring in the protocol, the price of Frax Share (FXS) has been predicted to continue its bearish descent. Frax Share (FXS) has been bearish on the 24-hour, 7-day, and 30-day timeframes up until a year.
With Frax Share’s (FXS) continuous bearish decline, investors are shying away from investing in it for the Sparklo presale, which offers more returns on investment.
GMX (GMX): Improving Users’ Experience
GMX (GMX) is a decentralized spot and perpetual exchange supporting low swap fees and zero price impact trades. In a recent tweet posted on its official account, viewed almost 30,000 times, GMX (GMX) contributors were reported to have updated the UI referral page of GMX V2. In addition, they also added the claim reward for affiliates and a subgraph for V2 referral stats, merged with the V1 to display on the interface.
These changes are intended to provide a better experience for GMX (GMX) users. However, regarding the GMX (GMX) price, it is just recovering from a recent downtrend by recording a 0.5% increase in price after a 5.6% decrease in the past 7 days at the time of writing. Nevertheless, it is still too early to predict correctly what the price movement will be or have a bias for any. However, the bearish trend is likely to continue, as a price swing at this point might be difficult to maintain by the bulls. Consequently, Sparklo is seen as a better investment by investors.
Find out more about the presale:
Buy Presale: https://invest.sparklo.finance
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.