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FTX, the bankrupt cryptocurrency exchange, has made headlines with its decision to sell a staggering $3.5 billion in crypto assets through an Over-the-Counter (OTC) sale. These claims rattled the market, as an expert explains that this could be the opportune moment to consider investments in SHIB and BTCS. FTX’s recovery plan includes locking up some assets for several years. FTX’s creditors and former customers are hoping for a $3.5B billion liquidation to recover their funds. However, this move could trigger panic and significant selling pressure in the crypto market. BTCS could offer a potential solution for savvy investors.
Bitcoin Spark (BTCS)
Bitcoin Spark presents a solid investment vehicle amid market instability caused by FTX sell-off claims. BTCS cryptocurrency project aims to simplify crypto mining and make it more accessible to various users through Proof-of-Process (PoP), which streamlines the mining solution.
The BTCS application allows users to contribute their processing power to the network, earning rewards in return. BTCS employs a fair distribution rewards system and slows down miners if their hash rate significantly exceeds the network average. BTCS projects a more inclusive and simplified approach to cryptocurrency mining. The application runs on various operating systems, including iOS, Windows, Mac, Android, and Linux, making it accessible to diverse users. Miners can customize the percentage of device resources allocated to mining, allowing for flexibility in mining activities.
The project’s focus on security, ease of access, and non-linear rewards distribution aims to attract more participants to secure the network, reduce the risk of a 51% attack, and make mining profitable regardless of energy prices or asset values. Ultimately, Bitcoin Spark seeks to democratize mining and promote decentralization within the cryptocurrency ecosystem.
BTCS ICO provides gains of up to 436% upon successful launch at $10. At the current phase five, the BTCS token is at $2.50 with an on-top bonus of 9%.
Will Shiba Inu Coin Reach $1?
Shiba Inu (SHIB) is a crypto built on the Ethereum blockchain, making it an ERC-20 token. As of now, the total supply of Shiba Inu stands at a staggering 589 trillion tokens in circulation. The most recent SHIB price is 0.00000724 USD after a slight decrease of -0.02% in its value within the last 24 hours. This cryptocurrency is actively traded on a vast network of markets, demonstrating its popularity and liquidity. Over the past day, Shiba Inu has seen a trading volume of approximately $162M, reflecting the significant interest and activity surrounding this digital asset within the cryptocurrency markets. However, Shiba Inu may not reach $1 as its enormous token supply and its meme tag may inhibit its quest. A $1 achievement would require a significant $589T market cap. Yet, the SHIB’s burn mechanism may not favor such a feat.
SHIB Price prediction
SHIB’s price has been in a downtrend during the past month despite the recently increased SHIB burn rate following the launch of Shibarium, which the Shiba Inu community eagerly anticipated. Currently, Shiba Inu is trading at $0.00000729, marking a 36% drop from its high of $0.000001131 on August 12th. SHIB Price prediction suggests that the next crucial support level for Shiba Inu is at $0.0000070. It hasn’t dipped below this level since mid-June, so Bulls need to defend it aggressively. If SHIB closes below $0.0000070, it could face more selling pressure, potentially dropping to $0.00000650 and revisiting the swing low of $0.00000597.
More on Bitcoin Spark and ICO here:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
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