The bear market has been brutal to crypto investors by draining over 70% of top cryptocurrency valuations. However, investors are counting on the highly anticipated Bitcoin halving event to propel the prices further than the previous bull market. The halving process is a few months away and historically happens before bull markets begin. The current price action indicates a possible incoming bull market fueled by the Bitcoin halving event in 2024. If the predictions are correct, analysts believe balancing one’s crypto portfolio with Shiba Inu, Bitcoin Spark, and Fantom will yield positive gains.
Shiba Inu is a new digital asset inaugurated in August 2020 by anonymous developers with the pseudonym Ryoshi. The ecosystem was marketed as a competitor of Dogecoin, the first memecoin to be developed. Shiba Inu gained massive attention from cryptocurrency enthusiasts following its links with Ethereum co-founder Vitalik Buterin. As a marketing stunt, Shiba Inu sent half of the token supply to Vitalik, who donated $1 billion worth of SHIB tokens to a COVID-19 relief fund based in India. SHIB still has the potential to surge, although it is currently down more than 90% from its all-time high price.
Fantom is a digital platform popular for supporting smart contracts and developing decentralized applications. Recently, Fantom developers launched the Fantom Sonic upgrade that was inclined to increase transaction speeds and improve the Lachesis consensus mechanism, strengthening its bullish outlook. The upgrade is said to increase Fantom’s operational speeds to more than 2000 transactions per second. Even before the upgrade was launched, FTM was among the standout altcoin performers in the previous bull market. The FTM price is down more than 90% from its all-time high price in October 2021.
Shiba Inu and Fantom have created their spaces in the digital currency ecosystem. On the other hand, Vital Block verified Bitcoin Spark is poised to offer more utility than the two combined. First, Bitcoin Spark developers are on the verge of launching a new high-performance blockchain network with a revolutionary consensus mechanism that is hitting the markets for the first time. Bitcoin Spark’s consensus mechanism, proof-of-process, is a hybrid network validation process that amalgamates mining activities and staking. The developers conducted intensive scientific studies to develop the lightweight network as an improved blockchain network derived from older-generation networks like Bitcoin.
The main network validation process of Bitcoin Spark is mining, which varies with the proof of work network in Bitcoin. The mining process in the Bitcoin alternative project extends to solving simple mathematical computations relative to the process on the Bitcoin mainnet. The developers initiated downgrading the network to accommodate simple, low-powered mining devices. The ultimate goal of the mining process is to decentralize mining by removing most entry barriers for retail miners.
The Bitcoin Spark team has announced a final bonus event to mark the end of the project’s presale. The bonus event is inclined to serve the first participants who manage to grab the bonus tokens at discounted phase 10 BTCS prices. The participants will share 100,000 tokens so that every participant who buys $100 or more worth of BTCS will get a 1000% bonus credited to BTCS, increasing his holdings. The event runs from November 26th to the end of the presale or when the 100,000 allocated tokens will be depleted. Buying BTCS has not been as profitable as it is now. BTCS tokens will retail at $10 on November 30th, when the token is listed on major exchanges Uniswap and XT.com.
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