Ripple Still Bearish After Bitstamp Stake Acquisition, Sparklo Outshines the Crypto Market – NewsTo
Ripple Still Bearish After Bitstamp Stake Acquisition, Sparklo Outshines the Crypto Market

Ripple Still Bearish After Bitstamp Stake Acquisition, Sparklo Outshines the Crypto Market


Ripple (XRP), a giant in the crypto space, has continued to expand its reach by acquiring a stake in Bitstamp. However, its price has remained bearish, leading major Ripple (XRP) whales to seek investment in the new revolutionary platform, Sparklo. As a first-of-its-kind in the crypto space, many experts have predicted that Sparklo will outperform the crypto market with gains of up to 50x before the end of 2023.

Sparklo (SPRK) is on track to outperform the crypto market

Innovative blockchain projects have a history of showing the most upside potential. This is why many market analysts have predicted that Sparklo will outperform the crypto market in 2023. Sparklo is the first alternative investment platform built on a blockchain where investors will be able to buy precious metals like gold, silver, and platinum with digital assets.

Sparklo is building a marketplace where people can purchase gold, silver, and platinum with fractional non-fungible tokens (NFTs). Because the platform is based on fractional NFTs, investors can buy fractions of gold, silver, and platinum. Every NFT minted on Sparklo is backed by an equivalent amount of gold, silver, or platinum stored in secure vaults. On request, Sparklo can deliver the physical gold, silver, or platinum to an investor who buys an NFT representing a whole bar.

Sparklo is changing the precious metals landscape with its innovative use of blockchain technology. The project has already received massive support from investors and completed the first presale stage in record time. Now in the second stage, you can buy the native SPRK token for as low as $0.026 and earn up to a 50% bonus.

Ripple (XRP) acquires stake in Bitstamp

In a shareholder conference call, it was revealed that Ripple (XRP) had acquired a minority stake in the crypto exchange, Bitstamp. The Bitstamp stake acquired by Ripple (XRP) previously belonged to Pantera Capital, a venture capitalist firm based in the United States. Although the acquisition was made in the first quarter of 2023, it was only just revealed.

Bitstamp and Ripple (XRP) have a history, with the exchange acting as a gateway for its payment infrastructure. Bitstamp is currently the second largest exchange where Ripple (XRP) is traded. Despite the announcement, the sentiment of Ripple (XRP) has remained bearish. Over the last 24 hours, the price of Ripple (XRP) has dropped by 2.6% to trade at $0.4519. The lack of price activity is fueling the movement of investors from Ripple (XRP) to Sparklo.

Find out about the Sparklo (SPRK) presale using the links below:

Buy Presale | Website | Twitter | Telegram

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