The best way to think about SparkPoint (SRK) is an entire ecosystem of decentralized products and applications set up by SparkPoint technologies Inc. under the leadership of two blockchain experts called Andy Agnas and Rico Zuniga.
SparkPoint is a very diversified project with many potentially lucrative income streams that could drive the valuation of the SRK token higher in the future.
This article will guide you through how to buy SRK using Swapzone’s market-leading aggregator technology and then see if the experts think this is a good long-term investment.
Table of contents
1. Head Over To The Swapzone’s SRK Swap Page
Getting some SRK into your cryptocurrency wallet using Swapzone is a breeze, and it can help you avoid paying sky-high fees. To get started, visit the SRK swap page and choose the crypto you want to swap for SRK – there are loads of options, but we will use Bitcoin (BTC) in this example.
2. How Many SRK Tokens Are You Looking To Purchase?
On the swap page, you’ll see a ‘you send’ box; here, you’ll need to enter how much BTC you want to swap. Upon entering the BTC, the estimated amount of SRK you’ll receive will be displayed in the you get box.
It’s worth bearing in mind that the amount you get is an estimation as it could potentially fluctuate up or down, so don’t be concerned if this happens.
3. Select The Exchange Perfect For You
Now that you’ve completed step 2, Swapzone will work its magic and provide you with the best swap options. The list is divided into the fastest, the best rating, and the best rate. Spend a few minutes deciding which exchange best suits your needs, and then go ahead and click the exchange button highlighted in blue.
4. Enter Your Payment Details
Having selected the perfect exchange, you now need to fill in your wallet details, enter the SRK address that you want the tokens to be sent to, and then a refund address for BTC where a refund can be sent in case the transaction fails. If you wish to receive news and offers from Swapzone, enter your e-mail address.
It’s crucial that you double-check all the details you enter in this step, as a mistake could lead to your SRK being sent to the wrong wallet and potentially disappearing forever. Finally, to finish the step accept the terms and conditions and click on the proceed to exchange button.
5. Send BTC
To pay for the swap, you need to send the amount of BTC you specified in the send box to the address generated by the transaction. Make sure you deposit the correct amount and that you enter the address without any mistakes, as entering the wrong address will result in the BTC being lost.
6. All Done!
When the BTC reaches the send address, your swap will be completed, and the SRK tokens will be sent to your wallet, so head over to your wallet to check your balance. The Swapzone aggregator helped you quickly carry out a secure exchange at a very competitive market rate.
Could SRK Be A Profitable Investment?
(Disclaimer: None of the information in this article should be considered as investment advice; always do your research before investing.)
The SparkPoint network has five main products SparkPoint Wallet, SparkPlay, SparkEarn, SparkLearn, and SparkDefi.
The project’s valuation grows due to the expansion of the five elements, which, when taken as a whole, offer a very diverse ecosystem that generates income from NFT trading, payments, DeFi, and even selling educational courses on blockchain technology.
SRK is an ERC-20 token, and according to the project’s official website, it has a total circulating supply of 14 billion that will be reduced over time to 10 billion through burning events. The concept of burning events allows tokens to become deflationary assets, theoretically resulting in increased valuations.
According to CoinGecko, SRK trades at $0.00043 as of writing which is 98% below its all-time high of $0.0252 in March 2021.
Considering the considerable drop from the all-time-high, you might think about buying the dip; let’s see if the experts believe this would be a good move.
CoinDataFlow issues more than one prediction based on how much Bitcoin (BTC) will grow; the best-case scenario sees SRK hit $0.0015 in 2023 and $0.02 by 2025. The most bearish scenario would result in SRK essentially holding its price for the next few years.
CryptoPredictions is forecasting an excellent 2022 performance with a return of over 50% by the end of the year. In 2025 they give SRK a maximum price target of $0.0014, representing a near 200% gain.
CoinArbitrageBot is by far the most bullish analyst for SRK; they expect the token to return around 900% in the next 12 months and hit $0.018 in 2025, meaning a gain of over 4000%.
Overall the analysts appear to have a lot of faith in the SRK token’s future despite its crash in the last 12 months.