In recent crypto news, a veteran trader who has invested in the trending BTC fork, Bitcoin Spark (BTCS), shared bold predictions for Bitcoin (BTC).
Bitcoin price prediction
The Bitcoin (BTC) price has been on a remarkable upward trajectory in recent weeks, achieving levels that harken back to May 2022. Additionally, wallet addresses holding over $1,000 BTC have hit a new all-time high, underscoring the growing interest from retail traders. BTC also recently entered overbought territory for the first time since February 2021, highlighting the resilience of its current uptrend. The expert crypto trader suggests that if Bitcoin can maintain its position above the crucial $30,000 mark, it may very well rally to an impressive $48,000.
Bitcoin Spark
Bitcoin Spark has captured the attention of the crypto community for its unique approach. It’s not just another Bitcoin network clone; it’s a future-oriented blockchain that combines a limited supply of 21 million coins with innovative technologies designed to usher a new generation of digital transactions while solving the limitations of previous blockchain networks.
The Bitcoin Spark blockchain will have higher transaction capabilities per block, a shorter block time, and a significantly larger number of nodes, resulting in faster and more cost-efficient transactions for users. The blockchain is also designed with multiple but harmoniously integrated layers that result in enhanced scalability and versatility. The architecture will enable Bitcoin Spark to support the development of smart contracts and decentralized applications (Dapps) in different programming languages.
Additionally, Bitcoin Spark uses its own consensus mechanism, the Proof-of-Process (PoP), which rewards miners for confirming blocks and contributing their mining devices’ processing power to the network. The PoP will exponentially reduce the rewards per additional processing power, ensuring a fairer distribution, which, combined with the network’s massive nodes, will enable even those with low-powered devices to mine BTCS. In fact, the Bitcoin Spark team is set to launch an easy-to-use and lightweight mining application compatible with various operating systems, including iOS, Windows, Linux, and Android.
In its trailblazing move, the Bitcoin Spark network will enable institutions and individuals seeking remote computing resources to utilize the power provided by miners in exchange for BTCS. The miners will in turn receive 97% of the revenue earned in addition to the minted BTCS and transaction fees from confirmed blocks.
Going further, Bitcoin Spark’s application and blockchain explorer will include unobtrusive advertising slots, which will be paid for in BTCS and policed by the Bitcoin Spark community to maintain decentralization and credibility. Miners and network participants will receive 50% of the generated revenue plus extra incentives for policing the ads.
Notably, the Bitcoin Spark network has passed through audits from a number of reputable firms, attesting to its security, usability, and sustainability.
Bitcoin Spark price
Bitcoin Spark (BTCS) is currently trading at $3.75 in the final phase of its Initial Coin Offering (ICO), where investors are getting a 4% bonus and several other benefits. BTCS is set to launch on $10 on November 30, and experts have given astounding price predictions, with mentions of 100X. Bitcoin Spark’s strategic launch timing, low market capitalization, cutting-edge technology, and real-world uses have been highlighted as some of the significant indicators pointing to massive price increases.
For more information on Bitcoin Spark:
Website: https://bitcoinspark.org/
