Has Shiba Inu had its day? Is Bitcoin Spark the next blow-up crypto?

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Following the inauguration of Shiba into the cryptocurrency world, several investors joined the bandwagon, increasing the market cap of blockchain technology. Nevertheless, the memecoin failed to meet its purpose of maintaining its peak even under the extreme bear market that faced the decentralized finance community. Bitcoin Spark, the new Bitcoin alternative crypto project ecosystem, has more utility than memecoins like Shiba Inu.

Shiba Inu price prediction

Shiba Inu is a meme token that sparked a wave of frenzy among crypto enthusiasts by marketing itself as the Dogecoin “killer.” Amid the crypto market stumble in 2022 that caused several crypto firms like Voyager Digital to file for bankruptcy protection, the digital asset still aims to captivate insights within the traditional finance universe. As a result, its blockchain users, participants, and community members are likely to support the project causing its price to increase.

Bitcoin Spark Storms the Cryptocurrency Realm

Several blockchain-powered projects have exploded, only to fail within two or three years after excessive hype. The new crypto platform, Bitcoin Spark, will act as an alternative to Bitcoin and hence will be considered a satisfactory element for blockchain participants. Besides offering utilities common to Bitcoin, Bitcoin Spark has a unique infrastructure that will attract investors worldwide.

Bitcoin, the digital gold, has played a critical role in developing the Web3 ecosystem. It can be attributed to its peer-to-peer transaction that saves individuals from using a third-party system, promoting decentralization in finance. However, the network faces shortcomings such as low scalability, high transaction cost, low transaction speeds (7TPS), and lack of a smart contract layer that would otherwise enhance its scalability.

The solution for the above disadvantages is Bitcoin Spark. The platform has smart contracts within its network containing multiple layers where developers can create applications using different programming languages like Solidify and Vyper. Transaction speed can be increased by improving the transaction capabilities in a single block. Blockchain natives will now rest assured of reduced transaction costs in mining as the project will increase the number of nodes with lower running costs and initial outlay.

Additionally, transactions will be conducted in the community using BTCS, the gas token of the platform. The total supply of BTCS is 21 million, of which 4 million tokens have been allocated to the ongoing presale. Bitcoin Spark participants can now purchase the tokens as the first phase of ICO has already commenced. Each BTCS token is selling for $1.50, and all orders during this stage are eligible for a 20% bonus. At the end of the ICO (launch period, 30th November), participants who got involved in the project in the first phase will have an 800% profit.

Bottomline

Emerging digital assets such as Shiba Inu have already done their part in attracting individuals globally into the industry before their hype died out. However, Bitcoin Spark is here to stay and offers quality services to its community members. The platform has a strong marketing team with adequate strategies to make the projected surge to new highs upon its debut. Moreover, the disadvantages embedded within Bitcoin and Ethereum are solved in Bitcoin Spark’s ecosystem.