SPK crypto up 280% in 30 days – Will the rally hold in August?

ambcryptoPubblicato 2025-08-05Pubblicato ultima volta 2025-08-06

Key Takeaway

Spark crypto has nearly tripled in the past 30 days of trading before slightly cooling off. Is the Coinbase CEO’s backing enough to erase recent losses and extend the recovery in August?

Spark protocol [SPK] soared 280% in the past 30 days thanks to the staking craze and a shout-out from the Coinbase CEO.

The native governance token of the lending platform, Spark Finance, powered by Sky (formerly Maker), began its rally in mid-July.

In late July, the SPK crypto pumped nearly 400% from $0.036 to $0.19, marking the largest gains during the explosive run.

But it dropped afterwards, bringing the overall rally in the past 30 days to 280%.

Staking craze lights the fuse

In July, Bitcoin [BTC] hit a new record high above $120K, triggering a mini-altcoin season, especially for DeFi tokens.

Amid this positive backdrop, the Spark protocol unveiled Spark Farm, allowing stablecoin suppliers to earn SPK rewards for their digital dollars, whether USDS, DAI, USDC, etc.

Next, Overdrive was launched, allowing users to earn twice as much SPK if they lock it in the platform.

Source: DeFiLlama

The protocol’s TVL (total locked value) soared from $6.3 billion to $8.18 billion over the same period, underscoring the network growth.

The staking-driven demand fueled the rally in July. But everything faded after BTC lost $120K and dropped further.

On the 4th August, the altcoin recovered 31%. The latest rally followed a recent shout-out from Coinbase CEO Brian Armstrong and a slight BTC recovery.

Source: X

What’s next for SPK crypto price?

SPK has flashed a buy signal on the lower timeframe via the Supertrend indicator over the past five days.

If the recovery continues, the next target is the recent high of $0.19, representing a potential 47% upside.

However, for this bullish momentum to hold, $0.12 must be flipped into support. A failure to do so—marked by price rejection at that level—could empower bears to push SPK down toward $0.11 or even $0.09.

Source: SPK/USD, TradingView

To strengthen the bullish case, the On-Balance Volume (OBV) indicator must break above its overhead resistance. This would signal strong buying pressure and reinforce the potential for a sustained recovery.

SPK’s explosive rally in July was fueled by a broader market uptrend and a surge in staking activity within the Spark Finance protocol.

While a supportive statement from Coinbase’s CEO helped spark a temporary bounce, the continuation of SPK’s recovery will likely hinge on the overall market trend.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Subscribe to our must read daily newsletter

Letture associate

Orbixbit.com Crypto Exchange Review

Orbixbit is a centralized cryptocurrency exchange founded in 2018, offering trading in various digital assets. It attracts users with a simple interface, low fees, fast verification, and support for different trading styles including spot, futures, and margin trading with up to 1:20 leverage. The platform provides API access for automated trading tools and basic technical analysis. Security features include two-factor authentication (2FA), cold storage for assets, encrypted data, and multi-step withdrawal verification. The exchange states it is regulated by the Cyprus Securities and Exchange Commission (CySEC). Deposits and withdrawals are cryptocurrency-only. While the platform offers competitive fees, good liquidity for major pairs, and passive earning options, its altcoin selection can be limited and support response times may vary. Overall, Orbixbit positions itself as an alternative trading platform suitable for both beginners and experienced traders.

TheNewsCrypto37 min fa

TheNewsCrypto37 min fa

7 Key Questions Regarding 'DeepSeek Completes Over 50 Billion Yuan in Financing'

DeepSeek, the prominent Chinese AI company, has reportedly completed its first external funding round, raising over 50 billion RMB (approximately $6.9 billion USD), according to foreign media reports. This financing values the company at over $50 billion USD, a significant increase from a $10 billion valuation when the round began in April 2026. Founder Liang Wenfeng personally contributed 20 billion RMB, with other investors including Tencent, CATL (Contemporary Amperex Technology), JD.com, NetEase, and IDG Capital. Notably, the National Artificial Intelligence Industry Investment Fund also participated with a direct investment of 1 billion RMB. The funding round is distinctive for its structure. Most investors' capital is channeled into a limited partnership controlled by CEO Liang Wenfeng, rather than directly into DeepSeek. These investors face a five-year lock-up period, have no voting rights, but receive priority financial information and future investment rights. This arrangement is seen as a measure to ensure Liang's absolute control over the company's direction, aligning with its stated principles of prioritizing groundbreaking AGI (Artificial General Intelligence) research over short-term profitability. The report highlights strategic reasons for key investors. Tencent's involvement is viewed as a strategic alignment, building on existing collaborations. CATL's investment is linked to the critical energy and power infrastructure needed for AI data centers, a key growth area for the battery giant. The participation of a state-backed fund underscores the national strategic importance of AI development. Post-funding, DeepSeek is expected to accelerate infrastructure development, including building its own data centers, hire more talent, and release new model versions with enhanced capabilities like image and audio support. While this marks a major step, the company's long-term journey towards AGI remains a challenging path that will require balancing its foundational ideals with the expectations of its new investors.

marsbit45 min fa

7 Key Questions Regarding 'DeepSeek Completes Over 50 Billion Yuan in Financing'

marsbit45 min fa

The World Cup is Here: The Battle for Entry into Prediction Markets Has Begun

The 2026 FIFA World Cup has begun, and alongside the on-field competition, a new off-field battleground is emerging: prediction markets. These blockchain-based platforms, which convert crowd wisdom into tradable probabilities, are gaining significant traction. However, their complexity—involving wallets, gas fees, and smart contracts—has historically limited participation to crypto-native users. Centralized exchanges (CEXs), like Gate, are tackling this adoption barrier. By integrating with leading prediction market protocol Polymarket, Gate simplifies the user experience. Users can participate directly with their exchange account and USDT, bypassing complex Web3 steps. Gate offers a streamlined "Prediction Mode" for casual users and a professional "Trading Mode" with advanced tools. Key features include two-way trading (allowing users to buy or sell positions before event resolution), support for diverse markets (sports, crypto, macroeconomics), and a suite of information tools like a "Smart Money" leaderboard, wallet tracking, and AI-powered insights. For the World Cup, Gate launched a dedicated hub aggregating schedules, standings, and relevant markets. This allows fans to seamlessly follow games and trade on outcomes, transforming passive viewing into active participation where they can monetize their predictions and trade on shifting consensus throughout a match. The article argues that prediction markets have proven their value in event forecasting. The next challenge is mass adoption. The competition is shifting from building effective protocols to creating accessible user entry points. By lowering technical barriers and building a complete ecosystem for information and trading, platforms like Gate aim to transition prediction markets from a niche crypto tool to a mainstream platform for expressing and trading on collective intelligence.

Odaily星球日报55 min fa

The World Cup is Here: The Battle for Entry into Prediction Markets Has Begun

Odaily星球日报55 min fa

Spain Held to a Draw by Cape Verde, Jucom Prediction Market Witnesses Historic Upset

In a major upset at the 2026 FIFA World Cup, tournament favorites Spain were held to a surprising 0-0 draw by debutants Cape Verde in their Group H opener on June 16, Beijing time. Despite dominating possession (74%) and recording 27 shots with an expected goals figure of 2.16, Spain failed to break down a resilient Cape Verde defense, with their 40-year-old goalkeeper Vozinha making 7 saves to earn Man of the Match. Pre-match predictions on the Jucom prediction market had heavily favored Spain, assigning them a 92% win probability. The actual result, a goalless draw, triggered significant volatility across related prediction markets. This outcome forces a market-wide reassessment of several key probabilities, including Spain's likelihood of winning the group and the tournament itself, while Cape Verde's previously near-zero chance of advancing is now being re-evaluated. The event highlights both the efficiency and the inherent limitations of prediction markets. While prices aggregate known information, football's low-scoring, high-variance nature means unquantifiable in-game factors can lead to unlikely results. The core value of such markets lies not in perfect foresight but in their ability to dynamically reflect how new information is incorporated into collective expectations. Platforms like Jucom, which track outcomes from single matches to the final champion, provide a real-time lens into how global consensus evolves with each game.

链捕手59 min fa

Spain Held to a Draw by Cape Verde, Jucom Prediction Market Witnesses Historic Upset

链捕手59 min fa

USDe Circumvents GENIUS Act Yield Ban: How Synthetic Dollars Became Crypto's Most Successful Gray Area?

USDe, the synthetic dollar from Ethena, circumvents the GENIUS Act's prohibition on paying interest to stablecoin holders. Unlike regulated payment stablecoins like USDC, which must hold cash/Treasury reserves, USDe is a delta-neutral synthetic asset backed by crypto collateral and hedged perpetual short positions. It generates yield from funding rates and staking rewards, not issuer-paid interest, placing it outside the Act's scope. Growing to over $14B at its peak, USDe represents a significant regulatory gap. While Germany's BaFin has restricted it, US institutional adoption is rising, as seen with Janus Henderson's partnership. The core debate is whether USDe is an innovative yield-bearing instrument or an unregulated security posing unique risks, highlighting the need for specific rules for synthetic dollars that current legislation does not address.

Foresight News1 h fa

USDe Circumvents GENIUS Act Yield Ban: How Synthetic Dollars Became Crypto's Most Successful Gray Area?

Foresight News1 h fa

Trading

Spot

Futures

Articoli Popolari

Come comprare SPK

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Spark (SPK) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente SparkSPK.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Spark (SPK)Dopo aver acquistato Spark (SPK), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Spark (SPK)Scambia facilmente Spark (SPK) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

210 Totale visualizzazioniPubblicato il 2025.06.23Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di SPK SPK sono presentate come di seguito.