BTC, BTCS and BCH. Which Will skyrocket first?
The question of which digital asset will experience the next skyrocketing surge is a constant source of fascination for investors and crypto enthusiasts. As market enthusiasts analyze the factors that could propel these cryptocurrencies to new heights, investors are constantly looking for the next big price surge. Will it be Bitcoin (BTC), Bitcoin Spark (BTCS), or Bitcoin Cash (BCH)?
What is BCH?
Bitcoin Cash (BCH) emerged in 2017 to address the need for quicker and more affordable payment processing. Since its inception, Bitcoin Cash has gained prominence and, with a current market cap of $3,758,615,877 is among the top 20 cryptocurrencies in the market. BCH is a cryptocurrency born from a divergence in the Bitcoin community’s opinions about the best way to enhance transaction capacity. The disagreement led to the creation of a new blockchain with distinct features from its predecessor. The split caused significant debate and decisions for those involved in the cryptocurrency ecosystem. Miners had to choose which blockchain to support, exchanges had to determine whether to facilitate trading of the new currency, and investors had to decide their interest in this new cryptocurrency and its perceived value.
Apart from differences in block size and transaction speed, Bitcoin Cash operates similarly to Bitcoin. It functions as a decentralized digital ledger based on open-source technology and utilizes a proof-of-work mechanism. Miners play a crucial role by confirming and adding transactions to the blockchain. They achieve this by solving cryptographic equations and earning Bitcoin Cash tokens as a reward. Like Bitcoin, BCH has a total limit of 21 million coins.
Why BTC is Low?
Over the weekend, Bitcoin’s price was around $26,000, a drop of more than 10% in the past week, a significant fall since the FTX crash. The cryptocurrency market has been unstable recently, causing experts and investors search for answers. One significant cause was Elon Musk’s SpaceX decision to write off its Bitcoin holdings by $373M, which sparked a chain reaction of BTC selling, fueling the downward trend.
In addition, analysts believe the decreasing interest in Bitcoin Exchange-Traded Funds (ETFs) and broader issues like global economic conditions and government policies are impacting cryptocurrencies. BTC price is hovering around $25,500 and $27,000. Crypto watchers are closely monitoring to see if it can cross the $27,000 mark as it would indicate a positive upswing.
How BTCS will generate the most profit?
Bitcoin Spark (BTCS) aims to generate substantial profit through a multifaceted approach that capitalizes on its innovative Proof-Of-Process (PoP) mining mechanism. BTCS’ unique PoP consensus mechanism blends PoS and PoW. This hybrid approach allows users to contribute their processing power to the network, earning rewards based on both stake and the work done. This incentivizes miners to actively participate in the network, enhancing security and efficiency.
BTCS incorporates unobtrusive advertising within its application and website. A portion of the advertising revenue goes to the team, ensuring ongoing development and maintenance, whereas the rest is distributed to miners and network participants. The decentralized nature of ad policing and removal, where the community can vote to remove inappropriate ads, adds to the engagement and control of users. BTCS will actively involve its community through various decision-making processes, fostering a sense of ownership and commitment. Community members can participate in voting on various matters, including the removal of ads and other governance-related issues. This engagement attracts more users and investors.
BTCS plans to introduce a smart contract layer, expanding its use cases and utility. Smart contracts enable various applications, from DeFi to NFTs. This integration enhances the network’s potential revenue streams and user adoption. The Bitcoin Spark application will double as a custodial wallet.
BTCS ICO phase three is almost ending, signifying the end of an affordable BTCS price at $2.00 with a bonus of 12%. Phase three holders expect gains of 560%. The conclusion of phase three will usher in phase four with an increased BTCS price and a lower bonus offer. At phase three, you can imagine Bitcoin acquisition at $1 and watch your BTCS skyrocket.
Read more on BTCS here:
Website: https://bitcoinspark.org/
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Filed under: Bitcoin - @ August 30, 2023 11:14 am