• Apecoin (APE) and MultiverseX (EGLD) have seen a decrease in investor interest as Sparklo (SPRK) is predicted to deliver a potential 4,000x return.
• Apecoin (APE) has been successful since its launch in March 2022, but lack of utility has caused investors to turn away.
• MultiversX (EGLD), while offering more utility, has seen low developer activity which has caused investor concern.
Apecoin (APE) Loses Investor Allure
Bored Ape Yacht Club (BAYC) launched Apecoin (APE) in March 2022 via airdrop and the crypto was an instant hit. However, due to its limited use as a utility and governance token behind the APE ecosystem, investors have started to look for alternative platforms.
MultiversX (EGLD) Investors Grow Weary
MultiversX (EGLD) was created to enable faster new applications for users, businesses, society, and governments. Despite allowing developers to deploy highly scalable smart contracts and DeFi protocols on the platform, there has been low developer activity and this hasn’t helped the growth or price movement of EGLD tokens. As a result, investors are slowly moving out of MultiversX (EGLD).
Sparklo Predicted To Be The Best Investment Of 2023
Sparklo is being touted as one of the best investments for 2023 because it not only offers utility but also solves problems by building the first-ever decentralized cross-chain protocol that enables interoperability between different blockchains simultaneously. This makes Sparklo an attractive investment option for many cryptocurrency traders looking for promising projects with strong potential returns.
Why Are Investors Turning Away From ApeCoin And MultiversX?
The success of ApeCoin initially caused Ethereum’s blockchain to halt when it was released but due to its limited use as a utility token behind APE’s ecosystem there is little left that it is used for aside from trading which explains why investors are turning away from it. Similarly, MultiverseX although offering more utility than ApeCoin has seen low developer activity leading investors to be wary about their investments in EGLD tokens.
The fast-paced nature of the cryptocurrency market means investors must always be on the lookout for projects offering great investment opportunities with high returns. While both ApeCoin and multiverseX once held appeal they no longer do so causing many investors to turn towards Sparklo which experts predict could deliver returns as high as 4,000x this year making it one of the most promising investments right now