Large crypto projects are associated with massive hype or high utility. Memecoins are an essential ecosystem pillar and are driven by enormous advertising from community members. However, these projects need more utility in their functionalities and tend to dwindle after initial hype. Projects like Dogecoin have been around for a while. Still, their prices remain stagnant, trading inside monthly ranges as investors seek better opportunities on projects with real-world applications and utilities like Bitcoin Spark.

Will Dogecoin go up?

Dogecoin is a popular meme coin developed in 2013 with the brand logo of a Japanese dog breed called Shiba Inu. The project was created as a joke, with a lighthearted alternative network than Bitcoin. The platform uses a proof-of-work consensus mechanism to validate transactions and add new blocks to the network. Dogecoin users use the crypto asset as a store of value or an edge against inflation from oversupplied fiat currencies. The project is part and parcel of the ecosystem and is expected to perform moderately in the next bull market. Bitcoin Spark is the hottest alternative, potentially rewarding early adopters more than Dogecoin.

Bitcoin Spark is a better investment choice than Dogecoin

Bitcoin Spark and Dogecoin are Bitcoin alternatives. Unlike Bitcoin, which has a maximum supply, Dogecoin was developed to be abundant. DOGE is an inflationary token that has no total supply. In reality, 10,000 new DOGE coins are mined every minute, making it difficult for the token’s demand to surpass its supply. However, Bitcoin Spark has its token supply capped at 21 million, similar to the tokenomics of Bitcoin.

However, Bitcoin Spark has allocated most of its token supply to mining pools, extending the duration it will take to achieve the maximum token supply in circulation. Out of 21 million BTCS tokens, the native digital asset of the platform, Bitcoin Spark devs have segregated 16.45 million tokens for miners, which will not be achieved until a minimum of 120 years elapse.

Bitcoin Spark is the only Bitcoin alternative among the few DeFi projects with a revenue generation method and an imminent gasless network. The developers will initiate two income streams: lending out processing power and advertisement. 

Miners will be required to provide processing power to the network, which will be lent to companies or individuals doing complicated virtual activities such as film rendering. These players will pay for the processing power in BTCS tokens, and 3% of the income will be distributed to the team members behind Bitcoin Spark’s development. The remaining 97% will go to the miners.

Advertising will also be paid for in BTCS tokens. The devs will seclude small, unobstructed spaces on the website and software applications to create advertisement slots for brands. The Bitcoin Spark community will decently control the advertisement through decentralized voting. Members will vote out any ad that violates the platform’s terms of service, and advertisers will be reimbursed 85% of their payment. The 15% will be distributed to the addresses that voted against the ad.

Bitcoin Spark is currently on presale. Phase four of the ongoing ICO has just begun, and each BTCS token is selling for $2.25 alongside a  10% bonus for all orders completed during the current phase. Participants who join the project now will make 489% returns on their invested capital when the project goes live on mainnet on November 30th. Buy BTCS tokens today.

Learn more about Bitcoin Spark on:

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

The post Dogecoin’s Rise: Is Bitcoin Spark the Next Big Player appeared first on CoinChapter.

---

Filed under: Bitcoin - @ September 3, 2023 9:00 am