In the Web3 arena, it is player vs player. The hemisphere is highly competitive, and Web3 infrastructures are constantly racing against each other. Newer projects tend to employ advanced technology and modern application methods to introduce exclusive perks, making them more lucrative deals for investors than existing platforms. Bitcoin Spark is a newcomer in the DeFi space. However, experts believe the platform will overtake Dogecoin after its mainnet release.
Will Dogecoin hit $1?
Dogecoin is a popular memecoin that has earned a special place in the heart of the Web3 arena. The crypto platform rose to popularity after mimicking a popular meme about a Shiba Inu dog that had gone viral at the time. The platform even adopted the Shiba Inu representation as its Mascot. Over time, Dogecoin has gotten celebrity endorsement from prominent people in various industries.
Only Fans model and adult filmmaker Mia Khalifa endorsed the project in 2021 through a tweet. Musicians like Snoop Dog, who has been active in the Web3 arena, convinced his followers to buy Dogecoin. Despite the hype, Dogecoin will hardly make it to $1. The project is an inflationary token, which means it has an infinite amount of tokens. Oversupply reduces the overall demand, making the project less lucrative as an investment and, therefore, less likely to hit the $1 mark.
Is Bitcoin Spark a good investment?
Bitcoin Spark is a crypto platform making its first steps into the DeFi arena. However, the founders are experienced Web3 enthusiasts and have already coordinated smart contract audits from three different auditing platforms. Bitcoin Spark developers have published a total mint supply of 21 million BTCS tokens, of which 16.45 million BTCS have been allocated to the mining pools for network validation.
The launch supply of Bitcoin Spark is 4.55 million BTCS tokens, which represent 21.66% of the maximum supply. 4.3 million BTCS tokens have been minted on the Ethereum network as ERC-20 tokens to power the ongoing ICO event. The remaining supply will be available once the platform goes live on the mainnet, a process expected to occur soon after the ICO is completed.
Bitcoin Spark’s ICO event has progressed significantly in the past few weeks, reaching phase 7 and having raised millions of dollars already. With only three ICO phases remaining, this could be the last chance investors get BTCS available for less than the launch price of $10. After purchasing BTCS tokens before phase 7 ends, investors will automatically receive a 7% bonus calculated from their invested capital and deposited immediately into their account. By just holding until the ICO ends, investments made in phase 7 will be worth 357% at the official launch.
Like most Web3 networks, Bitcoin Spark will be a gas network, meaning that community members will pay transaction fees in BTCS to transact funds and crypto assets on the network. The fees will be directed to the mining pools to reward miners for their validation and transaction approvals. Spark will be the smallest unit of a BTCS coin, which will be equivalent to 0.000000000001BTCS.
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