Spark Crypto Price has reversed the recent profit. This month it crashed by more than 57% and has been on the lowest swing since July 22.
Summary
- Spark Crypto Price has fallen by 57% this month.
- The total value that is locked in its ecosystem has jumped to a record high.
- The expansion market capitalization of Spark has risen to $ 155 million.
Spark (SPK) Token fell to $ 0.08075, giving it a market capitalization of more than $ 89 million compared to the all time of $ 190 million.
SPK falls despite the rising enrollment
The Spark Crypto -Token has fallen, even while the expanding market capitalization jumped. The stabbing market capitalization jumped by More than $ 17 million In the last 24 hours to $ 155 million. This is a major increase of more than $ 65 million on July 4.
The rising market capitalization is a positive sign, indicating that these investors expect the price to continue to rise over time.
Spark’s network is also performing well, because the total value of Sparklend has increased by $ 4.72 billion by $ 11.4 million by $ 11.4 million. The total deposits amounted to more than $ 6.98 billion and have generated $ 64.4 million in income.
Further data show that the total assets in savings have risen by $ 19 million in the last 24 hours to $ 2.26 billion. In total, the network has more than $ 7.3 billion in the last 30 days, an increase of 17%.
A potential problem with the spark token is the continuous dilution. According to Mint market capIt releases 4.65 million new tokens worth $ 373,550 a day. The following key will be unlocking in June next year when it will release 904.6 million tokens. These unlocks will continue until 2035.
Spark Crypto Price Technical Analysis
The 12-hour graph shows that the Spark token has crashed in recent days, from a highlight of $ 0.1900 on July 23 to the current $ 0.083. It has been moved under the 61.8% Fibonacci Retracement level at $ 0.0907.
SPK Price has become under the exponential advancing average of 25 years, a sign that bears have under control. The two lines of the MACD indicator have also formed a bearish crossover.
The relative strength index of SPARK token has been moved from the extreme overbough point at 90 to 49. That is why it will probably continue to fall because sellers focus on the retracement point of 78.60% at $ 0.06380.
