The recent collapse of the FTX exchange greatly impaired many activities in the cryptocurrency world, ranging from investors losing trust in centralized exchanges and their tokens to the price of these tokens seeing a significant decline.
However, not only exchange tokens were affected by the FTX crash. Other projects and tokens also significantly affected their prices and activities.
Follow through as we explore two of such tokens, KuCoin Token (KCS) and Synthetix (SNX), then compare to a ground-breaking project that is getting attention from this investors-Sparklo.
Investors Swarm to Sparklo (SPRK) For Maximum Returns
After April 30, the Sparklo presale price rose from $0.015 to $0.017, coupled with a 30% bonus on all buys, which would end by May 5. The bonus compensates investors that buy early into this innovative project.
Asides from this, Sparklo offers to bridge the gap between retail investors and the metals market. This is done by creating the first investment platform that allows users to trade and invest in gold, silver, and platinum assets.
Each investment will result in the minting and fractionalizing of an NFT backed by the equivalent real-life asset. Since Sparklo is built on the Ethereum blockchain, investors can be confident that their assets are secured.
Additionally, Sparklo’s smart contract has been audited by Interfi Network and has its liquidity locked for 100 years. Some analysts have projected that Sparklo can deliver up to 4,000% profits and break into the top 100 cryptos by market cap after launch.
Investors Wary Of Exchange Token KuCoin Token (KCS)
KuCoin Token (KCS) is a native token of the KuCoin exchange launched in 2017. KuCoin Token (KCS) was created as a ‘profit-sharing ‘token that traders use to get the value of the KuCoin Token Exchange. KuCoin Token (KCS) was built on the Ethereum network, having an initial supply of 200 million, subject to buybacks and periodic burns totaling 100 million.
Nearing the end of 2021, KuCoin Token (KCS) reached an all-time high of $28.79 before dropping to its average price of $21. However, since the FTX crash, KuCoin Token (KCS) has left the two-figure price and is currently trading at $7.76.
Synthetix (SNX) Continous Decline Becomes A Worry For Investors
Synthetix (SNX) is a decentralized liquidity protocol integrated into an exchange platform built on Optimism and Ethereum network. Synthetix (SNX) aims to track and provide returns on the underlying asset without requiring a user to hold the asset directly. Recent Synthetix (SNX) developments hope to enable future trading with significantly low fees using off-chain oracles.
Synthetix (SNX) also introduces non-block assets that give users access to a more significant financial market, expanding the cryptocurrency market.
The Synthetix (SNX) platform rewards holders who stake their Synthetix (SNX) on the Synthetix exchange with a share of the transaction fees.
The total supply of Synthetix (SNX) is 317.648 million, and only about 258.82 million is in circulation. The token reached its All-time-high price of $28.77 in February 2021 and is currently trading for $2.33, a 50% drop from a year range.
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
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- Source: Plato Data Intelligence: PlatoData
