With Bitcoin moving sideways, there is a likelihood that profits will be spilling over from the top ten cryptos into small capital cryptocurrencies that have potential.
Bitcoin earlier today dropped and went below fifty thousand dollars at $46,000; its market capitalization was still below one trillion. Ethereum was below 1,500 dollars, Binance BNB fell by 10.68% in the past 24hrs, Cardano is at a dollar, Polkadot dropped by nearly four percent.
The longer Bitcoin holds at fifty thousand dollars and continues moving sideways; the more bullish smaller altcoins will be, mostly the ones that have significant events coming up.
Yesterday, altcoins bounced to new highs as the Bitcoin price swung sideways while under $50K. With a lot of bullish announcements of significant events, the spotlight is now on altcoins. As Bitcoin struggles to maintain the fifty thousand dollar mark, individuals are now beginning to invest in smaller altcoins and going long on them.
One particular altcoin, SparkPoint SRK, had a significant announcement yesterday, and this is the most significant announcement SparkPoint has made to date. We have been waiting for the first big exchange for a while, and it was finally announced yesterday. The first big exchange will be Kucoin.
Kucoin is a top ten exchange currently ranked at 7th, it can be used in the United States, and Kucoin is one of the primary places where most people have access to smaller altcoins. This is one of the best listings they could have gotten.
SparkPoint's primary goal is to get on Binance; this explains why they launched their second coin, Sfuel, on the Binance smart chain.
It looks like March will be a good month for SparkPoint; every quarter, they do a massive SRK token burn which makes the token deflationary. Their current total supply is 14 billion to lend, and their goal is to reduce this to 10 billion by doing buyback and burns with their project revenue.
A new token burn is coming up in March, along with their new token Sfuel, which will be airdropped to SRK holders at the end of every quarter. The more SRK, an individual, is holding, the more Sfuel he will be airdropped.
The SparkPoint project is one of the only projects in the crypto space that do monthly roadmaps; this is very good because it keeps investors updated, and it has ongoing events coming up. You can find the roadmap on their website.
In quarter one, they have the fourth game announcement and development coming up, which could be sometime in March, along with the fourth buyback and burn program.
