The cryptocurrency market is yet to get out of bear territory, and Decentraland (MANA) and Polygon (MATIC) have not been spared.
While analysts expect the whole crypto market to rebound at some point, they are not overly optimistic about Polygon (MATIC) and Decentraland (MANA). The expectation is that they could rebound too, but any chances of extraordinary gains are low.
Instead, analysts expect parabolic gains from cryptocurrencies yet to reach the top 500 by market cap. These are the ones that have room to expand in market capitalization without necessitating unrealistic valuations.
One cryptocurrency that is in this category is Sparklo (SPRK). This crypto is still in the presale stage, and analysts believe it could easily do 1,000X in a crypto bull cycle.
Decentraland (MANA) was one of the top crypto performers in the 2021 crypto rally. However, after the bear market that started in December 2021, investors no longer seem interested in Decentraland (MANA).
Analysts believe this has to do with the fact that many have realized that there is no underlying to the virtual lands that gave value to Decentraland (MANA).
Today, these lands are trading at losses of up to 98%, and with no underlying demand, the odds are that Decentraland (MANA) may never come back.
Decentraland (MANA) woes are compounded by its gaming ecosystem. It is weak compared to other gaming crypto and even traditional game.
These weak prospects for Decentraland (MANA) have seen smart money start flowing away and into newer cryptocurrencies with better potential.
Sparklo (SPRK) is emerging as a replacement for Decentraland (MANA) in terms of investor interest.
Polygon (MATIC) continues to trade in a bearish trend like the rest of the market. While analysts expect Polygon (MATIC) to rebound once the broader market stabilizes, many don’t expect it to give exceptional gains compared to when it first hit the scene.
That’s because today, Polygon (MATIC) is just one of the many Ethereum layer-2 solutions that dot the market. With no edge over competitors, smart money does not expect any exceptional returns from Polygon (MATIC).
At the same time, Polygon (MATIC) investors understand that with its large market cap, the room for a major upside is shrinking.
Analysts believe those gains will come from Sparklo (SPRK), which is still in presale.
Sparklo (SPRK) has recently had a surge in investor interest, an indicator that investors expect it to outperform the market in the next bull market.
Analysts believe those betting big on Sparklo (SPRK) are spot on. For starters, Sparklo (SPRK) has a strong use case.
Sparklo (SPRK) aims to help investors buy fractions of top precious metals like gold, silver, and platinum as NFTs. By investing in Sparklo (SPRK) NFTs, you are not just hoping for someone to buy higher but investing in a tiny unit of either gold, silver, or platinum.
Other than its strong use case, investing in Sparklo (SPRK) makes sense because of its high level of transparency.
Sparklo (SPRK) is so transparent that investors its smart contract is fully audited by InterFi Network and given a clean bill of health. Sparklo (SPRK) also has a continuous KYC audit. The price of Sparklo (SPRK) it’s currently $0.015 but will increase to $0.017 by the end of this week.
Buy Presale: https://invest.sparklo.finance