With more industry watchers predicting the future of crypto in the next 5 years, Bitcoin Spark’s stunning rise amid XRP’s flail has placed it as a frontrunner for the next big thing in crypto.
The XRP price has remained within the confines of a symmetrical triangle pattern over the past month. Symmetrical triangles are historically viewed as continuation patterns, suggesting a prolonged influence on the token’s price. The 200-day EMA offers a solid resistance against buyers. And despite a higher high formation in the RSI indicator indicating buyers’ attempt to gain control, the lower low formation in price shows that sellers are dominating. Analysts suggest given this trend, XRP is leaning more towards breaching the symmetrical triangle’s lower support. They argue that if this happens, it could trigger amplified selling pressure that could push the XRP price further down towards the $0.45 or $0.42 support level.
Bitcoin Spark is a groundbreaking cryptocurrency project that aspires to bridge the gap between real-world applications and the blockchain’s trifecta of security, scalability, and decentralization. The Bitcoin Spark network harnesses the latent processing power lying dormant on countless devices worldwide. It then ingeniously offers individuals and organizations the opportunity to rent out this underutilized computational capacity at an affordable rate. Facilitating this computational marketplace is Bitcoin Spark’s proprietary consensus mechanism, the Proof-of-Process (PoP), which rewards users for validating transactions and contributing their processing power to the network. The Bitcoin Spark network will have a vast number of nodes, ensuring decentralization by accommodating a large pool of validators. Furthermore, it employs an algorithm within the PoP that reduces rewards per additional power exponentially to ensure a fairer distribution of incentives.
Participation in network validation will be straightforward, requiring users to install the native Bitcoin Spark application and grant it access to their device’s processing unit. The application will be compatible with various operating systems, including Windows, iOS, and Android. It will function within a secure virtual environment, ensuring no interference with the device’s primary operating system functions, and will also dynamically adjust the processing power consumption, accounting for factors such as battery life and concurrent device usage.
The pooled processing power is then transformed into remote computing power, offering decentralized CPU/GPU rental services to Bitcoin Spark’s clients, who pay for the service using BTCS tokens. The revenue generated will flow to network validators, establishing an additional income stream to newly minted BTCS and transaction fees.
Moreover, Bitcoin Spark will incorporate unobtrusive advertisement slots on its application and website, subject to community oversight to uphold compliance with rules and regulations. This provides a credible advertising avenue, combining crypto with the marketing industry, as advertisers will be required to pay in BTCS. Network participants will receive a 50% share of the revenue generated, plus additional incentives for policing the ads.
Bitcoin Spark will also support smart contracts and decentralized applications (Dapps). It has a multi-layered infrastructure with a smart contact layer that accommodates a range of high-level and low-level programming languages, ensuring scalability and diversity.
Bitcoin Spark is currently in Phase 6 of its Initial Coin Offering (ICO), with BTCS trading at $2.75 and investors receiving an 8% bonus. BTCS will launch at $10, marking a substantial 393% increase from its present value. Analysts suggest there are several factors pointing to a sustained price increase after launch. First, Bitcoin Spark has a limited supply of 21 million, mirroring the scarcity factor that has resulted in significant value appreciation for Bitcoin (BTC). Additionally, Bitcoin Spark benefits from a low market cap, which creates room for massive price surges. The timing of Bitcoin Spark’s launch also aligns with the start of the next anticipated crypto bull run, traditionally associated with robust rallies for low-cap gems. The project team’s commitment to investor asset security, underscored by multiple KYC audits, further instills confidence among potential investors. This, combined with the project’s innovative technology, is expected to attract many users, creating demand and potentially driving prices up.
Website: https://bitcoinspark.org/
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