The investor who turned $500 into $2 million is now buying into the Sparklo (SPRK) presale – Crypto Mode

An investor created a business that turned $500 into $2 million, and as such, has a high level of experience in different markets and investments and knows what to look out for.

By getting into a blockchain-based project early, typically throughout an Initial Coin Offering (ICO) period or presale phase, the native cryptocurrency behind a project is typically offered at a very low value. It is offered at a discount when compared to the anticipated launch price.

Upon picking up some momentum, a project also has the potential to explode in value. While this might not be the case with every single cryptocurrency, and there is a high level of caution involved when making any investment, through diversification and proper alignment of funds, any investor has the potential to find a hidden gem. This investor has now considered the SPRK token a potential cryptocurrency that can increase in value.

Cryptocurrencies have gathered quite a reputation due to their volatility. This means that they can see sudden fluctuations in price, which are far higher when compared to traditional investments, such as stocks.

Sparklo is being developed as an alternative-investment platform that can allow any user to get into the precious metal asset class without spending much money upfront.

This means that each investment will result in a non-fungible token (NFT) that gets minted on top of a blockchain and fractionalized. So instead of buying a single bar of gold that could be worth a lot of money that needs to be delivered upfront, investors can buy a small fraction of that bar.

If users purchase the entire NFT, they can have the real-world asset delivered to them. With the current volatility of FIAT currencies, and the inflation rates increasing, most investors and traders will look at precious metals, which have historically proven to be a hedge against inflation.

Sparklo will also work with jewelry stores to help them bring their products to different markets, and investors will gain access to them first at a discounted value.

As the person who turned $500 into $2 million knows, making investments in early projects, where significant gains can often be made, is an essential part of the diversification of their portfolio.