Sparklo (SPRK) Gold Investment Platform Predicted to Outshine Pax Gold (PAXG) Tracking Gold
For centuries, gold has remained one of the most sought-after investments because of its ability to act as a store of value and hedge against inflation.
For centuries, gold has remained one of the most sought-after investments because of its ability to act as a store of value and hedge against inflation. Many cryptocurrencies are built around this concept, but some projects have decided to bring gold into the digital economy.
Paxos Gold (PAX) is one such project, creating a cryptocurrency that gives investors access to gold. However, Sparklo is entering the scene soon, taking the core of Paxos Gold (PAXG) but making it better. In this article, we would see why investors are favoring Sparklo over Paxos Gold (PAXG).
Paxos Gold (PAXG) vs Sparklo, Which is the Golden Investment
Paxos Gold (PAX) is an ERC-20 token operating on the Ethereum blockchain. The crypto is completely backed by gold, meaning every 1 Paxos Gold (PAXG) you own is equivalent to one bar of gold.
On the other hand, Sparklo is building the world’s first gold, silver, and platinum blockchain investment platform to allow people fractionally invest in these precious metals. Sparklo will make gold and other precious metals more tradable, as the physical commodities aren’t easily divisible or flexible.
Unlike Paxos Gold (PAXG) which is just a cryptocurrency, Sparklo will mint an additional fractionalized digital NFT to represent the amount of gold you buy on the platform. Investors will also be able to interact with other buyers of gold, silver, and platinum on the platform.
While Paxos Gold (PAXG) offers access to gold, you never really get to see it. But in the case of Sparklo, when you buy a while NFT representing gold, you can have the physical asset (silver, gold, or platinum) delivered to any location of your choice. Now, that’s the golden investment!
Why Sparklo is Predicted to Outshine Paxos Gold (PAXG)
From the differences between how the two platforms work, it’s easy to see why many investors are storming into Sparklo. More investment opportunities, and the chance to have your own gold bar.
The use of Sparklo is also billed to rise in the coming months as the World Bank has warned that the global economic market is on the verge of a major recession, and precious metals and cryptocurrencies are positioned to thrive.
The recession could force investors to turn to precious metals to hedge against the global economic market downturn, meaning that the use of Sparklo could skyrocket, especially as it allows everybody to invest.
Market experts are predicting that the potential use cases of the platform have made some market analysts predict that Sparklo could gain more than 5,000x in the first year of its listing. When this happens, Sparklo could trump Paxos Gold (PAXG) in market capitalization.
Sparklo is currently in presale and is valued at $0.015, but the potential of the project especially as the global market nears a recession makes it worthy of a spot in the top 100 cryptocurrencies ranked by market cap.
NotifyLog.com - One stop tool for events tracking and analytics
NotifyLog is a powerful tool for events tracking and analytics. It helps you to track events from your website, mobile app, and server.CREATE YOUR FREE ACCOUNT NOW!