Though the cryptocurrency market was relatively stable in April, May may be a pivotal month for altcoins. Many alternative cryptocurrencies have the potential to set new all-time highs if the market experiences an upswing at this time. Traders and investors will find Sparklo as a new opportunity to try out something entirely new in blockchain technology.

Meanwhile, a lot is happening in the capital market with altcoins like Maker (MKR) and Terra Classic (LUNC). As we enter the month of May, it’s important to make smart investments when venturing into crypto.

Maker (MKR) Price Prediction: Is MKR Looking To Head For $800?

The Maker (MKR) price has been consolidating, as indicated by the recent patterns. Maker (MKR), a decentralized autonomous organization (DAO) whose value is fixed relative to the US dollar, has become interestingly popular.

In recent months, Maker (MKR) has skyrocketed in both user and Defi space popularity. Also, in the DeFi ecosystem, it has quickly become one of the most popular stablecoins.

Although Maker (MKR) total deposits and loans have stayed about the same, there has been a modest decrease in Maker (MKR) TVL, which is now close to $7.491 billion.

Maker (MKR) being the 67th largest cryptocurrency by market cap, experienced a drop in price volume by 36%. From recent analysis, the daily chart shows that prices are hovering at $696. Experts believe that the Maker (MKR) price rise may stall out at the $800 mark.

The last few days have seen a rise in Maker (MKR)’s association with Ethereum. Maker (MKR) is in a consolidated trend right now, but it has the potential to break out to a new high very soon. Investors believe that potential growth is anticipated for Maker (MKR).

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Daniel Shin, Terra Classic (LUNC) Classic Founder indicted in South Korea

The defendants made a profit of almost $346 million before the crash. Prosecutors also say they stole money and improperly shared clients’ payment information. After the fall, crypto hedge company, Three Arrows Capital went bankrupt, and the cryptocurrency market as a whole dropped by $2 trillion.

Despite being promoted as a “stablecoin,” Terra Classic (LUNC) has no physical assets or fiat backing. Luna, the native cryptocurrency of the Terra Classic (LUNC) blockchain, was said to have a mechanism to restore its value to $1 if its value ever failed. Investors found the 20 percent yearly returns on coin deposits under the Anchor lending program particularly enticing.

Prosecutors, however, claim that the Terra Classic (LUNC) blockchain was a “fabrication” from the beginning and that the whole system was founded on a lie. Its worth plummeted in May 2022, when investors tried selling off their holdings all at once out of fear for the platform. Terra Classic (LUNC) is now worth less than two cents at the time of this writing.

Bloomberg reports that ten people with ties to Terra Classic (LUNC), including Daniel Shin, have been charged with various crimes, including violations of capital markets law. In addition, prosecutors have blocked the defendants’ assets totaling 246.8 billion won ($184.7 million).

Sparklo (SPRK) Top on the List For Investors

Low-income investors can buy a small piece of rare metals like gold, silver, and platinum for a fraction of the full price, thanks to Sparklo. The token, which is currently on presale, is offering a new blockchain idea. With Sparklo, NFTs will be issued as investments, fractionalized against the underlying asset (gold, silver, or platinum), and sold to various investors.

If you buy the full NFT from Sparklo, they will ship the underlying asset wherever you want. As a result, one NFT transaction might get you a physical gold or platinum bar shipped right to your door.

Moreover, Sparklo plans to partner with jewelry retailers, offering investors special discounts and early access to their products.

In the meantime, Sparklo has made substantial changes to the safety of its platform. InterFi Network has conducted an audit, and a know-your-customer (KYC) audit is underway.

The price of Sparklo token is presently $0.017, and the company is offering a 30% bonus valid till May 5. What it means is that when you buy 10000 SPRK, you get 13000 SPRK in return. However, after May 5th, the bonus won’t be given again. The token’s price has been forecast to reach $0.70 by the end of the third quarter of 2023; therefore now is the time to buy. Experts predict a massive increase of 4,000% soon. So, the time is now to invest in this promising project.

Website: https://sparklo.finance

Presale: https://invest.sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.