The post Shiba Inu Set To Remove Another Zero Amid Bitcoin Spark ICO Frenzy appeared first on Coinpedia Fintech News
Shiba Inu’s performance has been worrying the SHIBArmy. SHIB added another zero past its decimal point after the crypto winter as crypto bearish sentiments invaded and dominated the industry. However, technical analysis indicates that the asset is pushing to delete the zero and possibly delete another one when the entire market turns around and bullish activities take over. While this is happening to Shiba Inu, a frenzy involving an ICO is at its peak as investors spot a new promising decentralized platform called Bitcoin Spark.
Shiba Inu Price Prediction
Shiba Inu’s price action seems to mimic Bitcoin’s recent rally, signifying the possibility of a rebirth of the memecoin frenzy. Investors are keeping close tabs on Shiba Inu and other altcoins, relating their price movements with the overall market outlook and Bitcoin price movement. The interest in SHIB has also increased significantly, according to data from Whale Alert, an on-chain tracker and blockchain explorer. Whale Alert recently reported that a SHIB whale transferred $35 million worth of SHIB from an unknown wallet to another anonymous wallet. Another wallet transferred 4 trillion SHIB tokens (approximately $33.9 million) from Bitvavo to an unknown wallet.
Bitcoin Spark’s ICO blooms amid crypto meltdown
Bitcoin Spark is a new blockchain-powered project that has been trending since it initiated its first ICO phase. The project has outshined other ICO projects in the industry by raising more than $5 million in the first 8 phases of the ICO. The presale is blooming in phase 9, and each BTCS token is available for investors to purchase at $3.50. An appreciation program exists to reward participants for their early adoption of the project. In this case, phase 9 investors will get a 5% bonus calculated from their invested capital and deposited BTCS in their respective accounts.
The crypto market is usually faced with intense volatility which has a significant impact on recently launched crypto start-ups. Although Bitcoin Spark is expected to surge immediately after the mainnet release, the developers have set measures to ensure the surge is stable and the prices are less volatile. The developers have introduced an exciting feature that will benefit ICO wallets that participate in any of the ten Bitcoin Spark presale phases.
These perks include a two-fold mining rate with a two-year validity that will allow the participants to earn above-average rewards when mining BTCS. The validity will commence immediately when the first block is mined and last the following two years, enabling the participants to make thousands of dollars. After two years, the mining will stabilize for all participants, and the algorithms will push for mining equality to avoid establishing a monopoly controlled by the chosen few participants as is the case for most proof of work and proof of stake blockchains.
Bitcoin Spark’s mainnet is currently in beta tests. The platform’s developers have initiated a coalition with three white-hat hackers who will monitor the ecosystem’s test activities, identify bugs, and recommend fixing the vulnerabilities. After the mainnet release, the network will launch a proprietary bridging system allowing ICO wallets to bridge their assets to the released mainnet and start conducting network activities. The developers will establish liquidity pools on significant platforms such as Ethereum, BNB Smart Chain, and Polygon before extending their system to other smaller blockchain networks.
The new entrant is also expected to convey a new feature involving double reception of data from independent RPC providers, prompting the development of a unique wallet that accommodates more Web3 activities. Due to the utility displayed by Bitcoin Spark, analysts predict that the project could be offering a similar opportunity to investing in Bitcoin before its 2013 bullish explosion.
For more information:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
#PressRelease [Source: Coinpedia]