• This article discusses the comparison between Sparklo (SPRK) presale token and Maker (MKR).
• Maker (MKR) is a decentralized lending protocol led by a DAO. The DAO has made various proposals to improve the protocol, but its price remains bearish.
• Sparklo presale is an upcoming blockchain-based investment platform that deals in rare metals such as silver, gold, and platinum bars.
Maker (MKR) is one of the world’s largest decentralized lending protocols run by a decentralized autonomous organization (DAO). It has been actively voting on proposals in order to improve its protocol, including increasing the stability fees and creating a Coinbase Custody as a collateral asset. Despite these efforts, Maker’s (MKR) price remains bearish at $703 with 2.9% and 2.3% increase in the past 7 and 30 days respectively.
Sparklo presale is an upcoming project that promises investors respite from the bear market by investing in fractionalized non-fungible tokens (NFTs) backed by precious metals such as silver, gold, and platinum bars. With Sparklo’s potential uptrend movement inclination, investors are now more confident about taking part in this presale than investing in Maker (MKR).
Facing Bear Market
The current crypto market has been relatively bearish which makes it difficult for investors to find projects with an uptrend movement inclination. This has led some investors to consider alternative projects like Sparklo’s presale rather than investing in Maker (MKR).
Improvement Proposals for Maker
The DAO of Maker (MKR) has been actively participating in voting on proposals intended to benefit the protocol and elevate it. Some of these proposals include increasing the stability fees and voting to create a Coinbase Custody as a collateral asset, resulting up to $500 million being transferred into USDC stablecoins from which Maker will receive 2.6% yields annually on deposits.
In conclusion, despite improvements made in MKR’s protocol through various proposals from its DAO, its price still remain bearish prompting investors to consider alternative projects like Sparko’s pre-sale instead due to its potential uptrend movement inclination compared against MKR’s bearish battles