#SPK Core Reasons for the Surge
Recently, SPK has skyrocketed! Here are the core reasons for everyone:​
Airdrop Expectations Driving the Surge​
The second phase of the Ignition airdrop is just too tempting; everyone is flocking to stake SPK, and the circulating supply has suddenly decreased. Plus, storing 1000 USD in stablecoins can earn double rewards, which has directly exploded short-term demand, causing the price to surge naturally!​
Strong Ecosystem and Technology​
The integration of DeFi, CeFi, and RWA three models, with SparkLend (TVL 4.9 billion) and liquidity layer (3.98 billion) is simply powerful. It also supports 6 chains, meaning the user base is only going to grow!​
RWA Sector is Strong​
The ecosystem's TVL has surpassed 8.1 billion, investing in stable assets like U.S. Treasury bonds. With the backing of MakerDAO, the credit aspect is quite stable. ​
Technical and Sentiment Support​
After breaking the key level of 0.094 USD, buying interest immediately followed, with trading volume soaring 351% in just 10 minutes. Indicators are all looking bullish, and market sentiment is very enthusiastic!​
Risks to Note​
After the airdrop ends, there may be some selling, and RWA is quite affected by regulation, plus SPK has historically plummeted by $BTC .