SPK (Spark) has pumped 44.85% in the last 24 hours.

Gate News Bot news, July 23, according to CoinMarketCap, as of the time of writing, SPK (Spark) is currently priced at $0.09541, having risen 44.85% in the last 24 hours, reaching a high of $0.10 and a low of $0.03. The current market capitalization is approximately $101 million, an increase of $31.3 million compared to yesterday.

Spark is an on-chain asset allocator that builds the most advanced and scalable yield engine in DeFi by intelligently deploying capital across DeFi, CeFi, and physical assets. Spark is built on two core pillars: liquidity deployment and on-chain solutions. With a large reserve of stablecoins, Spark can guide products from zero to one without relying on third-party capital. Everything built by Spark runs on-chain, ensuring transparency, decentralization, and community consistency.

Important news about SPK recently:

1️⃣ Sonic plans to launch the AI-driven development platform Spark Sonic is set to launch an artificial intelligence-driven development platform called Spark, which allows users to build and deploy full-stack decentralized applications without coding. This innovative initiative is expected to significantly enhance the technical strength and application scenarios of the Spark ecosystem, thereby increasing the utility and market attractiveness of the SPK token. The platform is powered by Google's Gemini large language model and features key functionalities such as no-code full-stack construction, self-debugging, built-in security logic, and context-aware interfaces.

2️⃣ SPK token price continues to rise strongly The price of the SPK token has shown a significant pump trend over the past week. On July 17, SPK recorded a 13.56% rise in 24 hours, with a market capitalization increase of 4.22 million USD. This continuous rise trend reflects the growing confidence of the market in the SPK project, attracting more investors' attention and participation. As of the latest data, SPK has surged by 44.85% in 24 hours, with a market capitalization increase of 31.3 million USD, further confirming the market's optimism about the project.

3️⃣ The Spark ecosystem continues to expand The Spark platform continues to expand its ecosystem, including core products such as Spark Savings and SparkLend. By deploying funds into DeFi, CeFi, and physical assets, Spark has built an advanced yield engine, providing users with diversified stablecoin yield opportunities. This ongoing ecosystem development helps enhance the utility and long-term value of the SPK token, providing a solid foundation for its price rise.

From a technical perspective, the SPK token has recently broken through multiple important resistance levels, showing a strong upward momentum. However, considering the significant rise in the short term, investors still need to closely monitor the potential risk of a pullback and maintain a rational investment attitude.

This message is not an investment advice; investment should be cautious of market volatility risks.