Amidst a bearish market, Shiba Inu has defied the odds and soared to new heights, reaching a four-month high. Many analysts credit the surge to the expected launch of Shibarium as whales buy into SHIB. As excitement welcomes Bitcoin Spark (BTCS), investors and enthusiasts expect it to replicate a similar meteoric rise and follow SHIB’s surge in 2021. 

Can Shiba Inu Coin reach $1?

Shiba Inu coin may not attain $1 anytime soon as the current SHIB price struggles to reach one cent. Its humongous total supply of 589 trillion coins has long impeded the SHIB price increase. The Shibarium blockchain is expected to boost SHIB’s burn mechanism to achieve scarcity to achieve a price increase. However, a 500+ trillion market cap is unattainable soon.

Will Shiba Inu go up?

Shiba Inu is witnessing a SHIB and BONE price increase after attaining a four-month rise. As the platform prepares to launch the layer 2 Shibarium blockchain, many predict a surge in SHIB price. The resurgent interest by whales signifies good news ahead of the launch, and many expect the platform to accelerate token burning. The SHIB ecosystem’s rapid surge in trading activity will continue attracting significant attention, propelling Shiba Inu into the spotlight as one of the most talked-about cryptocurrencies in the market. However, investors exercise caution as meme coin price rises may not be sustained without adequate hype.

Bitcoin Spark (BTCS)

BTCS is a robust BTC hard fork fronting a new blockchain technology, Proof-Of-Process (PoP). This innovative consensus mechanism addresses Bitcoin challenges, including the lack of smart contracts, high transaction costs, mining dominance by a few individuals, and low TPS capacity. Some key features of Bitcoin Spark (BTCS) include the implementation of PoP, which allows users to contribute their processing power to the network for mining and transaction processing. As such, PoP helps in achieving a more decentralized and secure network.

Bitcoin Spark strives to introduce a smart contract layer that seamlessly integrates with the network. The smart contract opens up possibilities for various applications and use cases, and expands the capabilities of the blockchain. BTCS focuses on increasing TPS by decreasing the time per block and increasing the number of individual transaction capabilities per block for improved transaction speeds and efficiency.

Bitcoin Spark introduces unique revenue generation models, including CPU rental and advertising to help sustain the network and provide incentives to participants. With a fixed supply of 21 million tokens, BTCS applies the same tokenomics as BTC but diverts on the time to reach the maximum supply. BTCS extends its time to 120 years to ensure a more gradual distribution of tokens over time.

Bitcoin Spark application offers an easy interface to avail processing power for mining. It also implements a multi-layer system that supports different programming languages for application building, enhancing flexibility and accessibility. The app will be compatible with Mac, iOS, Windows, Linux, and Android, ensuring that users with any smart device can participate in the network.

Bitcoin Spark’s debuted its ICO phase one priced at $1.50 per token, with a 20% bonus for early investors. Imagine a fresh chance to buy Bitcoin at $1. Analysts project a potential 800% gain for investors, making it an attractive investment opportunity this year.

Learn about Bitcoin Spark and ICO here:

Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register

The post Shiba Inu Skyrockets While Markets are Red – Can Bitcoin Spark repeat SHIB’s 120X trajectory? appeared first on CoinChapter.

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Filed under: Bitcoin - @ August 9, 2023 7:00 am