It can’t be understated how bearish this news is for $ETH.
This essentially suggests that theres basically zero additional buying pressure from $SBET, basically the biggest treasury company right now beyond $600M.
Add to that the massive OI and I think $ETH won’t outperform this quarter
SBET (SharpLink Gaming)
NEW: SharpLink has acquired 10,000 $ETH directly from the Ethereum Foundation
The purchase closed at ~$25.7M, with $ETH acquired at an average price of ~$2,572
Ethereum is entering a new era of institutional relevance, and we’re proud to support its long-term strength and mission
The asset is $ETH, the ticker is $SBET
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코루
I'm currently staking $SKY to earn $SPK.
I bought a little more $SKY, and I swapped it for $SPK rewards because they seem more appealing than USDS.
The APY is around 20%... I'm hoping that as the market improves and Spark starts to gain traction, the profitability will get even better.
A couple of days ago, I wrote about why I love $AAVE, and Spark is similar in that regard.
However, the current circulation is quite low according to the tokenomics, which is a concern for long-term investment, so I'm still unsure about holding it long-term.
----
Both SKY and SPK are stablecoins and are decent in terms of lending, so I generally have a positive view of the project.
코루
I did some $SPK-related searching, but I did it because it was like a bucket of honey.
I'm sure no one will do it anyway, so I think I can share it ha ha
If you stake $SKY (formerly $MKR) now, you will get 16~17% interest in USDS
This is troublesome to explain, so I'll just put a link to it.
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MM
Out of $HYPER and onto $OMNI!
Those coins worth tens of millions are really being pushed hard, guys!
When the market is scared of tech coins, the big players pump the smaller tech caps to create FOMO again!
The large caps are just moving slowly!
MM
Nearly 1 billion USD has been liquidated again!
And this time it was the Short team, guys!
Indeed, when we are desperate and everyone is bearish, the market will unexpectedly surge.
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DeFi Dad ⟠ defidad.eth
As $ETH goes higher, I look forward to a violent repricing of protocols with major ETH deposits in-protocol like:
LRTs/LSTs: $ETHFI, $LDO
ETH lending/borrowing: $AAVE, $FLUID, $SPK, $SKY, $SYRUP, $MORPHO
More often than not, larger deposits = more revenue
DeFi Dad ⟠ defidad.eth
It has not been easy being long crypto these last 4 few years.
It hasn’t been easy the last few months.
But if you’re here, it’s now clear we’re going much higher.
In 2017, a few friends and family bought BTC and ETH at near all time highs.
They later sold at 50% lower in 2018, and definitely looked at me like I was nuts for ever recommending they buy. Most have never dipped their toes in again since then despite crypto prices going much higher.
Many I know did gladly check in with me during bear markets to remind me how low prices had gone. Revel in my misery.
What’s worse is many of them wrote off crypto in their minds and rarely asked questions over the years about it ever again.
Today feels validating to see BTC at new highs, ETH on its way finally, and DeFi cementing its status in the mainstream lately with stablecoins.
I really always wanted for more of my family and friends to enjoy the ride with us. I wanted to help them understand what I was buying into.
But none of them took the risk to get here, or had the guts.
Meanwhile many of you here did.
You took the risk.
You bought the blood.
You held on.
So cheers!
We earned this.
BTC is going higher, and ETH is going to new highs sooner than most realize.
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Convert USD to SPK
USD
SPK
Spark price performance in USD
The current price of Spark is $0.033100. Over the last 24 hours, Spark has increased by +2.16%. It currently has a circulating supply of 977,800,028 SPK and a maximum supply of 10,000,000,000 SPK, giving it a fully diluted market cap of $32.36M. At present, Spark holds the 0 position in market cap rankings. The Spark/USD price is updated in real-time.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Spark is a DeFi protocol empowering the USDS ecosystem, allowing users to earn yield on their stablecoins, participate in the USDS-centric money market, and allocate liquidity into other DeFi protocols to earn yield.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 90 new posts about Spark, driven by 63 contributors, and total online engagement reached 1.7K social interactions. The sentiment score for Spark currently stands at 90%. Compared to all cryptocurrencies, post volume for Spark currently ranks at 11203. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Spark.
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Posts
90
Contributors
63
Interactions
1,693
Sentiment
90%
Volume rank
#11203
X
Posts
85
Interactions
1,683
Sentiment
91%
Spark FAQ
How much is 1 Spark worth today?
Currently, one Spark is worth $0.033100. For answers and insight into Spark's price action, you're in the right place. Explore the latest Spark charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Spark, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Spark have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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