Crypto enthusiasts always consider many investment choices as they explore the factors that could influence their value. One of the questions lingering on many a DOGE investor’s mind is whether the internet-famous meme coin will regain its former glory as high-potential blockchains like Bitcoin Spark offer a better alternative.
Will Dogecoin go up?
The meme coins’ speculative landscape featuring Dogecoin’s meteoric rise and subsequent fluctuations has sparked enthusiasm and skepticism. As such, investors ponder if it is resilient enough to execute a resurgence. DOGE’s investors look to a bullish 2023 as Elon Musk’s X (Twitter) hints at accepting it as a payment system. Consequently, DOGE soared 4%, lending credence to the fact that it owes its existence to Musk and social media hype. However, DOGE’s rise is often countered by a subsequent downtrend, making it a highly volatile investment.
Is Dogecoin dead?
Dogecoin is not dead, though dormant of late. The recent Twitter changes retained Dogecoin as one of the payment mediums, and optimistic investors hope the move may accelerate its recovery. As the largest meme coin by market valuation, it commands a market cap of $10 billion. DOGE’s downside is its speculative nature and lack of intrinsic value.
Bitcoin Spark (BTCS)
Bitcoin Spark is an innovative project offering a crypto platform of enhanced security, speed, and scalability. It deploys advanced blockchain technology, innovative infrastructure, and unique features, differentiating it from existing cryptocurrencies.
Bitcoin Spark addresses BTC’s deviation from Satoshi’s vision through a truly decentralized network and leveled playing ground. Bitcoin Spark uses an all-new blockchain technology called “Proof-Of-Process” (PoP), which combines proof-of-work and proof-of-stake. It employs a unique algorithm that ensures rewards are not solely computed on raw processing power or stake size but distributed among network participants. This approach reduces the risk of any single entity gaining too much mining power and increases overall security.
Bitcoin Spark’s rewards system is elastic and adjustable to commensurate revenue generated, the price of BTCS, and the number of miners in the ecosystem. The ultimate effect is a self-sustaining revenue stream that maintains profitability. The system prioritizes revenue generation and aims to remain relevant as technology advances. Under the arrangement, users provide stake and processing power to the network, with rewards calculated on a blend of stake and work done for those remotely using the computing power. Rewards will be skewed to prioritize work done versus stake size, incentivizing contribution to the network’s revenue-generating capabilities.
Bitcoin Spark empowers users to provide processing power to the network through an application operating within a virtual environment. The application requires device permissions for resource management but not those unrelated to its purposes, such as media files or phone capabilities. This virtual environment ensures no other processes are running on the device for a secure and controlled mining experience. The Bitcoin Spark network operates in four loosely defined layers, each serving a specific purpose. The execution layer is for block creation, the consensus layer is for validating blocks, the mining layer is for processing power, and the rewards layer is for allocating rewards to miners.
Bitcoin Spark kickstarts ICO on Aug 1, with one BTCS at $1.50 and bonuses of 20%. Imagine being able to buy Bitcoin when it was only 1$. There will be price increases as the project progresses to the subsequent phases and ultimately launch at $10. Conversely, bonuses decrease accordingly, making it worthwhile to invest in the early stages.
As DOGE remains dormant without new developments, its prospects dim. Bitcoin Spark’s entry into the scene with unique features and promising technology offers an alternative for investors seeking prospective assets for long-term potential.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.