ApeCoin (APE) And Uniswap (UNI) See Volumes Declines As Investors Rush To Buy Sparklo (SPRK)

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

This trend is still evident now. While ApeCoin (APE) and Uniswap were among the cryptocurrencies that gave investors parabolic gains in the past, they don’t seem to be attracting lots of new money. 

While ApeCoin (APE) and Uniswap (UNI) see whale activity dry up, new entrant, Sparklo (SPRK) has seen an upsurge in investor activity. Analysts believe that if this trend continues, Sparklo, which is still in the presale, could easily make it to the top 100 cryptocurrencies by market cap.

Uniswap (UNI) No Longer Interesting To New Investors

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

Today, this use case is no longer unique. While Uniswap (UNI) still has a sizeable market share, tons of competitors are slowly eating away into its dominance. 

At the same time, Uniswap (UNI) already has a large market cap, which means with each subsequent bull run, the returns on investment will keep getting smaller. Most analysts believe investors will never see the kind of returns they saw with Uniswap (UNI) in past bull markets. 

To make things worse, Uniswap (UNI) has, in recent years, dealt with the issue of decentralization. While Uniswap (UNI) is supposed to be a DEX, delisting synthetic tokens out of fear of harsh regulatory pushback from US authorities put to question the decentralization of Uniswap (UNI).

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

ApeCoin (APE) Bearish As Demand For Meme NFTs Dies

ApeCoin (APE) capitalized on 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, prices have collapsed.

With some NFTs losing 98% of their value, ApeCoin (APE) has crashed as investors are no longer eager to invest in NFTs with no underlying value. This is evident in the dying number of whales looking to bet on ApeCoin (APE). 

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

Sparklo 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 a fluke. Sparklo (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 as NFTs. 

While other NFTs are dying out, investors are excited about Sparklo (SPRK) because the NFTs have actual value. 

Investors also love that at a presale price of $0.015, Sparklo (SPRK) is quite affordable. At the same time, Sparklo (SPRK) has an element of transparency that most presale tokens lack. Sparklo (SPRK) has a KYC audit, and the smart contract is fully audited by the InterFi network.