It's interesting to see how big of a boost @sparkdotfi got after their SPK token got listed on Binance and other major exchanges such as Bybit, Coinbase, OKX, Kucoin etc 5 days ago.
At the same time they also put an end date to their campaign, which I know made people farm harder, trying to rank up before it ended. The Cookie campaign for Spark will end 14:00 UTC on Tuesday 24th of June, so make sure to put in the extra effort until then.
Some interesting market facts about Spark which is worth noticing:
- Market cap of $70M
- Fully Diluted Valuation of $410M
- Listed on all the biggest crypto exchanges
- 3,200+ on-chain holders on Ethereum
- 1500+ on-chain holders on Binance Smart Chain
The SPK token has broken out of a falling wedge after forming a bottom earlier, now retesting support.
The main resistance is around $0.045-0.046. A breakout above this level will fuel a new rally towards $0.05.
With the fundamentals of Spark, this has a big chance to do really well. As I wrote earlier, here's the key hightlights:
- $2.6B+ in liquidity already under management
- $160M+ in annualized revenue generated
- Seamless borrowing/lending via SparkLend
- Stable, sustainable yields (6.5% APY on USDC)
- Low-cost borrowing (DAI at just ~1.11% annually)
- Support for major collateral types: ETH, rETH, DAI
Spark does things differently from most DeFi platforms. They are focusing on putting users first, not just chasing profits like they easily could have done.
This one is worth looking into. I think you will like what you see if you give it a try.
If you're more interested in investing, a good entry would be once it has broken above the major resistance and confirmed it as new support.