Summary
- This week has experienced generally slow traction in prices and sentiments across Web3.
- Stacks (STX)’s price is on a slightly positive trend, while Flow (FLOW) continues on a down trend.
- More investors are considering staking in the Sparklo presale, which will bring precious metals market to the blockchain.
Slow Traction Across Web3
This week has experienced generally slow traction in prices and sentiments across Web3. Analysts feel that investors are looking to spend more on new projects with predictions for high yields in the future.
Stacks (STX) & Flow (FLOW)
Stacks (STX) is a layer-1 blockchain for NFTs (non-fungible tokens), decentralized apps (dApps), DeFi, and smart contracts for Bitcoin. Stacks’s native token (STX) has been on a slightly positive trend this week, increasing by 0.66% to its current price of $0.75. Meanwhile, Flow (FLOW) is the cryptocurrency used in Flow, a decentralized blockchain designed for NFTs. This week has been bearish for Flow as its price has fallen by 4.97% to $0.89 over the past 1 week. Social media sentiments about these two cryptocurrencies have also been bearish overall this week.
Sparklo Presale
In more interesting developments, Sparklo is bringing the precious metals market to the blockchain with its presale offer that is attracting more investors who predict high yields from this project in the future. Decentralizing metal markets will make them more accessible and allow users to trade platinum, gold, and silver without third parties or intermediaries involved in transactions resulting into lower transaction costs as well as improved security of assets stored digitally on blockchains rather than held physically by traders or investor’s custodians .