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Sparklo (SPRK) Huge Beneficiary As Capital Flight Hits Binance Coin (BNB) And Polygon (MATIC)

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The SEC’s move to go after cryptocurrency exchanges has escalated. The latest is that the SEC has been granted its request to freeze the assets of Binance US. While the move by the SEC to go after Coinbase and Binance seem to have little impact on the market, several cryptos are feeling it, mainly Binance Coin (BNB) and Polygon (MATIC). Investors are increasingly opting out of these cryptocurrencies in search of safer options.

One of the cryptos that are benefiting from the outflow is Sparklo. Sparklo is still in presale, and going by the increased uptake by investors, analysts expect a 1,500% or more rally once the presale is complete.

Sparklo (SPRK) excites investors with its revolutionary use case

Sparklo is one of the hottest crypto presales and for a good reason. Sparklo wants to make precious metals investing easy and accessible to the average investor. This will be done through NFTs backed by precious metals such as gold and silver. The best part is that those who buy the whole unit of the NFTs can physically deliver the precious metal backing the NFT.

But that is not all. Sparklo is also a breath of fresh air in a market full of scam presales. One of the key features that make Sparklo safe is that there is a 100-year lock on liquidity. This means there is minimal chance of the founders doing a rug pull. Sparklo’s smart contract is also fully audited by InterFi Network and found safe from bugs.

Besides its strong features and use cases, Sparklo’s presale price action also captivates many investors. Since stage one of its presale, Sparklo’s price has continuously been adjusted upwards. Currently, Sparklo is in stage two of its presale and going for $0.036. That’s a significant upside adjustment compared to its stage one price of $0.015. If the current uptake by investors is anything to go by, the odds are that Sparklo could do well once it hits exchanges. Some analysts are even predicting a 1,500% rally within the year.


Polygon (MATIC) shows weakness after being labeled a security

Polygon (MATIC) is one of the tokens the SEC labeled unregistered security in its lawsuit against Coinbase. While some other labeled cryptos have recovered, Polygon (MATIC) is sliding further. This is mainly due to whale selling after the SEC announcement. The most recent is a whale that transferred $95 million of Polygon (MATIC) from a cold wallet to Binance after the news.

While Polygon (MATIC) continues to experience a slide in value, that money is flowing to market segments with high potential. One of them is in crypto presales, where there is a lot of activity at the moment. Some crypto presales like the Sparklo one have excited the market so much that analysts predict thousands of percentages in gains once it hits the market.

Binance Coin (BNB) slides as court freezes Binance US assets

Binance Coin (BNB) is taken a bigger hit than most top 10 cryptocurrencies. This is not surprising because Binance Coin (BNB) powers the Binance Exchange, a crypto exchange now in the SEC’s spotlight. The latest news that has hit Binance Coin (BNB) is the freezing of Binance US assets at the request of the SEC. As the uncertainties pile up, Binance Coin (BNB) investors are increasingly looking to other options that offer a mix of low risk and high return.

Sparklo has emerged as one of the top options that offer a mix of both. Investors are finding Sparklo low risk because it’s yet to hit the mainstream markets, and the market cap is low. This gives it significant room to expand once it gets listed. This explains the growing consensus that 1,500% or more in ROI is possible.

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