Investing in cryptocurrencies has its good and bad days. Disappointments can come from even the best cryptocurrencies in the industry; just like the current predicament of PancakeSwap (CAKE) and Shiba Inu (SHIB). However, all can’t be bad in the industry as new projects like Sparklo keep providing exciting investment opportunities for crypto enthusiasts.
PancakeSwap (CAKE) Falls Due To Staking Reward Debate
PancakeSwap (CAKE) token holders have become nervous as the community considers modifying the token's economic basis. This has caused the price of PancakeSwap (CAKE) to drop. Even though the proposed modification is likely advantageous for PancakeSwap, the debate has had a particularly negative effect on the price of the cryptocurrency over the past week.
Users may trade multiple cryptocurrencies, offer liquidity to trading pools, and earn rewards in the form of PancakeSwap (CAKE) tokens on PancakeSwap because it is a decentralized exchange (DEX). Unfortunately, because of the project's modified economic model, there is a lot of confusion among users.
Staking might help PancakeSwap (CAKE) in the long run, but it has a cost because it would restrict how many tokens stakers can obtain. This will subsequently lead to a decline in the incentives for staking.
Since then, there has been a decrease in the number of CAKE investors, which has undoubtedly caused the price of PancakeSwap (CAKE) to fall over the previous several days. PancakeSwap (CAKE) is still down more than 23% over the last seven days. The performance of the cryptocurrency for the past month is saddening, as PancakeSwap (CAKE) has lost nearly 30% of its value.
Shiba Inu (SHIB) at Risk of Dipping to the $0.000009 Level
Shiba Inu (SHIB), the once-popular meme currency, is on the verge of falling below $0.000009 as it battles to maintain its present support. An asset's long-term consolidation at this level typically signals a breakdown.
Shiba Inu (SHIB) already tested the $0.000009 price level during a recent period of increased market volatility, when Bitcoin almost immediately lost 9% of its value. Three factors that might pose serious problems for Shiba Inu (SHIB), which has been decreasing over the past several months, are a breach, continuous consolidation, and shaky support.
Furthermore, Shiba Inu (SHIB) has had technical difficulties and has been left out of the meme coin market's recent surge. In contrast to other meme currencies, Shiba Inu (SHIB) has not been able to capitalize on the increase in interest in this sector. This absence from the meme coin rally could be detrimental to investor confidence and lead to a possible decline in the price of Shiba Inu (SHIB).
>>>> BUY SPARKLO TOKENS <<<
Sparklo (SPRK) Continues to Spark Excitement
In order to make investing in gold, silver, and platinum simple for investors, Sparklo has developed a novel protocol for the cryptocurrency market. It accomplishes this by employing recently issued, fractionalized NFTs. Upon complete payment for an NFT, the investor would receive the asset (gold, silver, and platinum).
Buyers or Investors of Sparklo (SPRK) tokens may feel secure knowing that the team is processing a KYC verification. Plus, the smart contract has successfully passed its audit, and the team plans on locking away liquidity for 100 days.
The presale will employ 60% of the 1,000,000,000 tokens that Sparklo is issuing. The token is now only worth $0.015, and buyers will get a 30% bonus on all transactions. It's crucial to keep in mind that by the end of April, one Sparklo token will cost $0.017, as predicted by the industry.
Find out more about the Sparklo presale:
Website: https://sparklo.finance
Presale: https://invest.sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
