ApeCoin (APE) and Uniswap (UNI) See Volume Fall as Investors Rush to Buy Sparkle (SPRK)

After every crypto bear market, investors dump older cryptocurrencies that have lost the hype factor in favor of newer market entrants.

This trend is still evident. While ApeCoin (APE) and Uniswap were among the cryptocurrencies that delivered parabolic gains to investors in the past, they do not seem to be attracting a lot of new money.

While ApeCoin (APE) and Uniswap (UNI) see whale activity drying up, new entrant, Sparklo (SPRK) has seen investor activity increase. Analysts believe that if this trend continues, Sparkle, which is still in pre-sale, could easily break into the top 100 cryptocurrencies by market cap.

Uniswap (UNI) is no longer interesting for new investors

Uniswap (UNI) was an exciting cryptocurrency in its early days and was highly anticipated. Uniswap (UNI) was one of the first cryptocurrencies that made it easy to trade Ethereum tokens in a decentralized environment.

Today, this use case is no longer unique. Although Uniswap (UNI) still holds a large market share, a number of competitors are slowly eating away at its dominance.

At the same time, Uniswap (UNI) already has a huge market cap, which means that with each subsequent bull run, the return on investment will continue to decline. Most analysts believe that investors will never get the kind of returns they did with Uniswap (UNI) in the last bull market.

To make things worse, Uniswap (UNI) has dealt with the issue of decentralization in recent years. While Uniswap (UNI) is considered a DEX, delisting the synthetic token in fear of harsh regulatory pushback from US authorities calls into question the decentralization of Uniswap (UNI).

A combination of these factors is likely to play against Uniswap (UNI) in the coming bull cycle. Unsurprisingly, savvy investors are turning to Sparklo (SPRK).

AppCoin (APE) is bearish due to demand for meme NFTs

ApeCoin (APE) took advantage of the meme coin craze to popularize the idea of ​​meme NFTs. Back in 2022, APE NFTs were going for thousands of dollars. However, with the crypto bear market of 2022 the prices have dropped.

With some NFTs losing 98% of their value, ApeCoin (APE) has crashed as investors are no longer keen on investing in NFTs with no underlying value. This is evident in the death toll of whales willing to bet on ApeCoin (APE).

Controversy over ownership of the Bored Ape NFTs, and concerns over racism haven’t made things any easier for AppCoin (APE) either. For most analysts, there is little chance of ApeCoin returning to its most recent all-time high.

Sparkle benefits from the woes of older hyped altcoins

While ApeCoin (APE) and Uniswap (UNI) continue to struggle, whales are buying Sparklo (SPRK) in droves. The growing interest in Sparklo (SPRK) is not sudden. Sparkle (SPRK) has emerged as one of the best cryptocurrencies for anyone looking to invest in high potential altcoins.

Sparklo (SPRK) is revolutionizing the idea of ​​investing in precious metals (gold, platinum and silver) by making it possible to buy a fraction of them in the form of NFTs.

While other NFTs are dying, investors are excited about Sparklo (SPRK) because the NFT has real value.

Investors also like that Sparklo (SPRK) is quite affordable, at a presale price of $0.015. At the same time, Sparkle (SPRK) has an element of transparency that most presale tokens lack. Sparklo (SPRK) is KYC audited, and smart contracts are fully audited by Interfi Network.

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