Dogecoin developers aimed to make fun of digital currencies to demystify the hype surrounding Bitcoin. The “joke” went too far, and the platform quickly gained mainstream adoption. The platform rose by market cap as hype around its existence spread like wildfire on social platforms such as Reddit and X (Twitter). Although Dogecoin pioneered the rise of memecoins, most do not make it to mainstream adoption, leading to massive losses for investors. Bitcoin Spark could offer better returns than guessing which memecoin will explode.
Why are memecoins poor investments?
Memecoins lack utility and functionalities in the crypto world. They are driven by social media hype from online Web3 communities. However, when the hype dwindles, they slowly decline, and their prices plummet. For instance, Shiba Inu rose to popularity in 2020, exploding to all-time highs and reaching a market cap of $44 billion at its peak. However, the hype behind the memecoin died out, causing SHIB prices to plummet more than 90%. Other meme coins, such as Dogecoin, are inflationary tokens with no max supply of DOGE. This makes the meme coin difficult to surge since new DOGE coins are minted by miners every day.
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Bitcoin Spark is better than memecoins
While meme coins have earned a special place in the blockchain ecosystem, Bitcoin Spark is proving to have massive gains better than those issued by meme coins. For instance, any order executed in the current ICO phase 7 will automatically get an allocated bonus of 7%. The current BTCS price has stagnated at $3 but will gradually increase with the incoming ICO phases. Subsequently, the bonus will reduce as the ICO progresses towards its end. This means that now could be the lowest BTCS price you can get.
The BTCS tokens are already in great demand, and whales and institutional investors have started to buy into the ICO. The launch price of one BTCS token is $10, which means a 357% capital gain for all investments made before the ICO phase 7 ends.
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After undergoing numerous audit processes from independent Web3 auditing firms, Bitcoin Spark stands solid as a transparent project whose founding members are accountable for their developments. The founders have also undergone intensive KYC scrutiny from two independent firms and have emerged victorious, having passed all audits. Each auditing firm has published its audit reports, compiling information about Bitcoin Spark.
Bitcoin Spark is an epicenter of Web3 innovation through its unique smart contract layer. Unlike other smart contracting platforms, Bitcoin Spark will allow devs to use various EVM-compatible programming languages, including Vyper and Solidity, to allow diversification during the deployment of decentralized applications.
Bitcoin Spark has a unique network verification method called proof-of-process, whose functionalities link proof-of-work and proof-of-stake. The primary network validation method will be the proof-of-work aspect that will involve mining activities. However, the mining process will be less cumbersome than other mining networks like Bitcoin, allowing users to use an application for their electronic gadgets to run the network and earn BTCS.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Disclaimer: The above is a sponsored post, the views expressed are those of the sponsor/author and do not represent the stand and views of Outlook Editorial.
