![]() Initially, we’d expect to see some bearish momentum as people sell their holdings. So, with that in mind, our Spark price prediction estimates that this coin will likely be worth less than $1 when it goes live. Usually, when tokens are airdropped to crypto holders, these tokens are instantly liquidated for quick cash, forcing the price downwards. However, as people who buy cryptocurrency may know, the price may be either very high or very low when a token first goes live. Nobody knows what the Spark price live will begin at, so making assumptions about this would be purely a guess. Let’s take a look at the technical and fundamental factors that could shape the Spark price. ![]() However, we can still make some projections given the information we do have. Spark Price ForecastĪs noted earlier, it isn’t easy to make a logical Spark forecast, given that the token has not yet been released. Thus, there is no current Spark price to base any logical technical analysis on. Trading on large exchanges such as Binance and Coinbase will likely determine the price, as the laws of supply and demand will therefore come into play. Notably, nobody knows what the price of Spark will be when it is released. Finally, Spark will also act as a governance token, giving holders the right to vote on changes to the Flare network. Users will have to pay fees in Spark for facilitating transactions whilst also using Spark as collateral in situations such as lending or borrowing. Once Flare is released, the Spark token will be used as a utility token within the network. Due to this, Flare hopes to scale its smart contract network and allow them to handle much more tasks. Flare will use elements of the Ethereum (ETH) Virtual Machine, which enables smart contract functionality across a network of computers. ![]() Returning to the Flare network, this network will incorporate advanced protocols and mechanisms to help differentiate itself from the current options that individuals and institutions have. However, many delays occurred, meaning that Spark tokens have not yet been provided to XRP holders. These tokens will be airdropped to users’ wallets and were due to be released earlier this year. So, if you were to invest in XRP, you will be eligible to receive some Spark tokens once they are released. The critical difference in the Flare network is that it will have smart contract functionality, providing an avenue into elements such as decentralised finance (DeFi) and other decentralised apps (dApps). Spark will be the native token of the Flare network, which will be a fork from the XRP network. The most important thing to be aware of here is that Spark has not yet been released – therefore has no price. Let’s take a look at what Spark is and how it may perform. This token has been rumoured for quite some time and will be provided for free to current XRP holders. If you were to buy XRP, you might have heard mention of Spark. Spark Price History – the Story of 2021 So Far This could give Spark a valuation of just under $1 – although this is purely speculation, and there is no way of telling what the token might be worth.Ħ7% of retail investor accounts lose money when trading CFDs with this provider.
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