The SPARK token price stood to a record high this week and continued with a trend that started on July 9 when it crashed to a low point.
Spark (SPK) rose on Tuesday to $ 0.096 from a low point of a low of $ 0.0467. This increase happened in a large volume environment, with its trade volume of more than $ 1.28 billion.
Spark prize jumped when data from third parties showed that network growth accelerated. According to Defi LamaThe total value locked the important milestone of $ 8 billion for the first time ever.
Spark’s TVL has risen by 38% in the last 30 days, making it the fifth largest player in decentralized finances after an Aave, Lido, Eigenlayer and Etherfi.
Most SPARK assets are in the loan protocol, which has more than $ 4.8 billion, followed by its savings platform with $ 2.45 billion. The SPAR -Liquidity layer has $ 4 billion in assets and will yield an estimated $ 212 million in annual income.
Spark’s savings platform almost has 200,000 Users and more than $ 2.45 billion in assets. The current growth of assets means more income for the Spark protocol. It has generated more than $ 66 million in reimbursements and $ 5.6 million in income in the last 12 months.
Spark Price also jumped when investors continued to use their tokens. More than 120 million SPK coins have been plotted since the AirDrop in June. Many of these users encourage their tokens because of the spark points, so that users are able to use and earn symbiotic points that have a 3x -multiplier.
Spark Token Rally coincided with the constant profits under Defi -Tokens, with popular names such as Aave, Uniswap and Eigenlayer that rises with double digits.
Technical analysis of spark price
The three -hour graph shows that the Varkoke Price has organized a strong recovery after the soil at $ 0.029 on July 9. It has slowly formed a cup and trade pattern, a popular bullish continuation sign in technical analysis.
This C&H had a depth of approximately 55%. That is why measuring the same distance to the top of the cup gives the target price at $ 0.1030, which is approximately 55% above the current level. A drop under support for $ 0.05 will invalidate the Bullish Spark prediction.
