The cryptocurrency world is a fast-paced one. Hundreds of new tokens and projects are developed daily, and figuring out which project to invest in can be challenging. To help you, this article will discuss three tokens, two of which have already launched Gmx (GMX) and Aave (AAVE) with high market caps, and the last one, Sparklo (SPRK), which is currently in its first presale stage.
Is Gmx (GMX) Recovering, Or Is This A Bull Trap?
Gmx (GMX) is a decentralized spot and perpetual exchange that permits trades with no price impact and inexpensive swap fees. Gmx (GMX) is a unique multi-asset pool that supports trading and generates fees for liquidity providers through market making, swap fees, leverage trading (spreads, financing fees & liquidations), and asset rebalancing. Chainlink Oracles support TWAP pricing from top volume DEXs and dynamic pricing.
Gmx (GMX) price dropped by 7.98% last week. The trading price per Gmx (GMX) is $67.4 when writing. Gmx (GMX) has fallen by 68.82% from its previous peak of $217.32.
Aave (AAVE) Getting Ready For A Leg Up
Aave (AAVE) is a decentralized financial protocol that enables cryptocurrency lending and borrowing.
Lenders can earn interest by putting digital assets into specifically designed liquidity pools. Then, using this liquidity, borrowers can obtain a flash loan by pledging their cryptocurrency as security.
When it first launched in November 2017 under the name ETHLend, it was later rebranded as Aave (AAVE) (which means “ghost” in Finnish). This explains why the ticker for this cryptocurrency is so dissimilar from its name.
In addition to offering holders reduced platform costs, Aave (AAVE) also functions as a governance token, allowing owners a say in developing the protocol.
Aave (AAVE) price has decreased by 8.53% during the last seven days. On the previous day, the price dropped by 1.79%. The current cost per Aave (AAVE) is $67.9. The average is 89.82% less than the peak value of $666.86.
With a total market cap of $978.07 million, Gnosis (GNO) could see some positive price action soon.
Sparklo (SPRK): Reinventing Investment Platforms
Sparklo is creating an alternative-investment platform for traders and investors to invest in, and trade fractionalized NFTs backed by precious metals such as Platinum, Silver, and Gold. This innovative idea will allow retail investors with relatively low capital to enter the metals market- this was not possible in the traditional metals market.
Blockchain technology may make traditional financial transactions much faster and cheaper. Blockchain technology can lower transaction costs and boost transaction speed by eliminating intermediaries, making it more affordable for investors to acquire and sell silver, gold, and platinum commodities.
Savvy investors prefer to invest early in solid projects like Sparklo will give significant gains.
The presale price for Sparklo tokens is $0.017, and a buy bonus of 30% on all tokens purchased is valid through May 5.
Find out more about the presale: