Meme coins have taken the cryptocurrency universe by storm. The ecosphere emanated in the decentralized ecosystem via humor and social media hype. Among them, Dogecoin, named after Shiba Inu’s dog breed, has captured the attention of numerous digital currency participants. The decentralized crypto has made several investors join the bandwagon, hoping to accumulate massive capital gains.
A millionaire in the ecosystem has expressed his belief that Bitcoin Spark could return 20x during this winter season. Despite being a new entrant into the ecosystem, Bitcoin Spark has managed to make digital currency whales put funds into the project.
How To Follow Smart Money
Smart money refers to many seasoned traders and investors who possess extensive resources, deep pockets, and a large amount of data concerning the cryptocurrency market. These institutions and individuals are often described as accumulating an edge while trading in decentralized finance.
Therefore, they greatly influence market movements and trends. At most times, they are depicted to sway the direction of certain assets. Retail investors are highly encouraged to follow or track the movements of such whales as it provides more significant insights concerning the trends.
Will Crypto Recover?
The cryptocurrency ecosphere has seen immense development during the last decade. Since the inauguration of Bitcoin, the first-ever digital currency to be pioneered, several potential whales have flocked to the niche to facilitate the development of the ecosystem. Based on previous market movements and trends, the cryptocurrency ecosystem might have an upsurge in the imminent winter of 2024.
Bitcoin Spark set to Grow 20x
Bitcoin Spark, a new initiative in the crypto sphere, has already made waves in the blockchain ecosystem. The crypto project has generated an immense traction rate in the traditional finance ecosystem. Auditing firms such as Contract Wolf and Cognitos have already conducted smart contracts and know your customer verification.
The platform has a roadmap containing information on its progress from the initial coin offering(ICO) phase to the launch and post-launch period. Users and newbies can easily navigate through the platform as it contains user-friendly interfaces.
The platform has a native currency called BTCS, which rewards community members participating in the project’s development. The maximum supply of the tokens is 21 million, which is similar to that of Bitcoin. From the 21 million tokens, 4.55 million will be allocated to the launch supply and 16.55 million to the mining reward pool.
The launch supply is distributed to initial coin offerings, team tokens, pre-launch exchanges, and liquidity pools. Participants who wish to join the project can currently enter through phase 5 of the initial coin offering phase.
The platform utilizes a unique consensus mechanism called proof-of-process to conduct transactions. The consensus mechanism blends proof-of-stake and proof-of-work algorithms. The consensus algorithm facilitates the validation of blocks and the creation of new BTCS tokens. The project also has a special algorithm that enables the non-linear distribution of rewards. The rewards are allocated to both large and small-scale participants.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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Source: https://www.thecoinrepublic.com/2023/09/17/dogecoin-millionaire-claims-bitcoin-spark-could-deliver-20x-returns-soon/