Crypto Selloff Softens With SHIB, SOL and BTCS Showing Strong Support

The cryptocurrency market has recently witnessed a notable selloff, causing ripples of concern among investors. However, amidst this downturn, certain cryptocurrencies have displayed remarkable resilience and strong support, providing a glimmer of hope for the community. In particular, Shiba Inu (SHIB), Solana (SOL), and Bitcoin Spark (BTCS) have stood firm in the face of market fluctuations, garnering attention for their ability to weather the storm. 

Bitcoin Spark (BTCS)

Bitcoin Spark, the fast-rising Bitcoin fork. It is making waves in its ICO phase seven as it attracts diverse investors and whales, with the current BTCS price of $3.00 and a 7% bonus. As the project forecasts a $10 launch price, BTCS guarantees an ROI of 357% in November.

Bitcoin Spark deploys a new technology powered by the Proof-of-Process (PoP) protocol. PoP eases mining entry and reward distribution by applying the tenets of PoS and PoW. Miners contribute processing power and provide stake to earn rewards computed in a nonlinear formula to observe equality and fairness.

Bitcoin Spark application eases the operations in the BTCS ecosystem, allowing users and investors to onboard the platform. With a simplified interface and availability on regular devices, the application suits anyone willing to mine, guaranteeing inclusivity. BTCS encourages widespread device usage to curtail high energy consumption and preserve sustainability. BTCS’ main essence of its existence is to address the BTC challenges while offering new solutions.

The platform has been rigorously tested and subjected to audits and a Cognitos KYC for compliance, stability, and security. It deploys a multi-layered structure that will support smart contracts, dApps development, and BTCS Wallet after the launch. The BTCS price prediction is upbeat for an explosive launch that will see ICO holders benefit immensely.

SHIB Price Prediction

Despite Shiba Inu’s price decrease during a broader crypto market decline, it’s experiencing a remarkable increase in significant investments from large holders. According to SHIB price prediction

Shiba Inu’s major holders surged, indicating accumulation and potential price bottoms, suggesting that significant players are buying the dip in bulk. Even though Shiba Inu’s price has dropped by about 4.2% in the last 24 hours, its network activity suggests the possibility of a bullish reversal. If Shiba Inu manages to reclaim specific key moving averages, it might confirm a comeback. Despite the ongoing bearish sentiment, the recent influx of whales offers hope, indicating potential gains if the broader crypto market stages a relief rally. Traders should remain attentive to confirmation of accumulation that could kickstart a recovery while taking precautions due to memes volatility.

SOL Price

Investors are closely monitoring Solana, a leading Layer-1 network, due to its vibrant ecosystem with significant NFT volumes and DeFi projects benefiting from low transaction costs and high speed. The recent Helium move to Solana showcases the appeal and potential of its blockchains. Predictions suggest the SOL price could rise, reaching $29 by 2024.

However, concerns have emerged as the SOL price experienced a dip following fears that the bankrupt crypto exchange FTX might liquidate substantial portions of SOL and other Solana-affiliated crypto assets. FTX’s estate holds crypto assets on the Solana network, with SOL tokens accounting for a reported $128M and the rest comprising various Solana-based altcoins like Wrapped Bitcoin (wBTC), Maps token (MAPS), Serum (SRM), and other “Sam coins.”

Learn more on BTCS and ICO:

Website: https://bitcoinspark.org/