The price of the spark card increased to a record record this week, continuing a trend that began on July 9 when it crashed into a historical minimum.
Spark (Splash) rose to $ 0.096 in the last check on Tuesday from a historical minimum of $ 0.0467. This increase occurred in a high volume environment, with its negotiation volume exceeding $ 1.28 billion.
Spark Price jumped when third -party data showed that the growth of their network accelerated. According Defi flameIts closed total value crossed the important milestone of $ 8 billion for the first time.
The spark TVL has increased by 38% in the last 30 days, which makes it the fifth largest player in decentralized finances after Aave, Lido, Eigenlayer and Etherfi.
Most SPARK assets are in their loan protocol, which has more than $ 4.8 billion, followed by its savings platform that has $ 2.45 billion. The SPAR liquidity layer has $ 4 billion in assets and will earn an estimated $ 212 million in annual revenues.
The spark savings platform has almost 200,000 users and more than $ 2.45 billion in assets under administration. The continuous growth of assets means more income for the SPARK protocol. It has generated more than $ 66 million in rates and $ 5.6 million in revenues in the last 12 months.
Spark Price also jumped as investors continued to bet on their tokens. More than 120 million SPK currencies have been attached from their Airdrop in June. Many of these users are betting their tokens due to the spark points, which allows users to bet and win Symbiotic spark points, which have a 3x multiplier.
Spark Token Rally has coincided with the continuous profits between the Defi tokens, with popular names such as Aave, Uniswap and Eigenlayer flying by two digits.
Price Spark Technical Analysis
The three -hour table shows that the price of Token Spark has organized a strong recovery after bottom at $ 0.029 on July 9. He has slowly formed a cup and handling pattern, a popular optimistic continuation sign in technical analysis.
This C&H had a depth of approximately 55%. Therefore, measure the same distance from the top side of the Cup gives the target price to $ 0.1030, which is approximately 55% above the current level. A fall under the support at $ 0.05 will invalidate the prognosis of Alcista spark.
