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Memecoins have become a buzz in the cryptocurrency realm. The ecosystem gained massive ranks due to social media trends, online societies, and internet memes because of these memecoins. During this period, Shiba Inu was among the rising memecoins. However, the memecoin significantly plunged during the 2022 crypto winter. Bitcoin Spark is promising to transform the blockchain ecosystem by promoting decentralization and providing massive utility.
Will Shiba Inu reach 1 cent?
The Shiba Inu ecosystem has been vital in developing the distributed ledger technology. The memecoin surged due to the hype it created in the internet and social media platforms, making venture capitalists invest their capital into the project. The native token for the digital currency is SHIB. SHIB acts as a gas and governance token for the ecosystem. There are several circulating theories on whether SHIB will reach 1 cent. The answer is undetermined, as all crypto enthusiasts await the 2024 bull run. However, the supply of Shiba Inu shows a high unlikelihood of the token reaching 1 cent.
Bitcoin Spark Enters Blockchain with Pertinent Perks
The Web3 community is yet to experience cutting-edge technology that has an outburst and a spark that initiates attraction to many investors. Despite being a startup in the crypto community, Bitcoin Spark has already made a significant entry, captivating the attention of institutional and individual online entrepreneurs.
The platform utilizes blockchain technology to enhance user efficiency, transparency, and trust which are integral elements of a decentralized distributed ledger network. Moreover, the project has already been audited by audit firms Vital Block and Cognitos. This is clear evidence that security and accountability are maintained within the platform.
Bitcoin Spark native token, called BTCS, acts as a gas currency for the community. Community participants who undertake network activities such as mining and validation, which lead to Bitcoin Spark’s progress, are rewarded in BTCS.
The platform’s native token has a maximum supply of 21 million which is similar to that of Bitcoin. This is because Bitcoin Spark is a Bitcoin fork. From the maximum supply, 4.55 million will be issued to the launch supply. This is an aggregate of 21.66% of the maximum supply. In addition, 16.45 million of the maximum supply will be distributed to mining rewards where users can validate blocks and earn the token for up to 120 years.
Cryptocurrency enthusiasts who wish to join the project have the perfect opportunity to participate in building Bitcoin Spark. The project is on the third stage of its initial coin offering (ICO). Community members can purchase BTCS at $2 each and are entitled to a bonus of 12% for each complete purchase. These participants will also have a 560% launch profit when the project goes live on 30th November, when BTCS will be pegged at $10 for each token.
Bottomline
The crypto industry has successfully skyrocketed due to memecoins such as Shiba Inu. Memecoins made global investors realize the worth of blockchain technology. Therefore many firms and individuals joined the bandwagon to gain a share of the capital gains. Bitcoin Spark is regarded as the new crypto project that will amaze several individuals in the traditional finance markets. The project has salient features that already depict the development of the distributed ledger.
Find out more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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