The post Bitcoin Alternative ICO Outperforms Expectations, Huge End Of ICO Bonus Expected appeared first on Coinpedia Fintech News Numerous alternative projects have emerged over the years with unique features and opportunities despite Bitcoin being the pioneer and flagship crypt...
The post Bitcoin Alternative ICO Outperforms Expectations, Huge End Of ICO Bonus Expected appeared first on Coinpedia Fintech News
Numerous alternative projects have emerged over the years with unique features and opportunities despite Bitcoin being the pioneer and flagship cryptocurrency. Bitcoin Spark’s ICO has surpassed expectations, breaking records and turning heads in the crypto community with the upcoming launch and bonuses. Expectations are now high as an exciting bonus event rewarding loyal supporters will cap the ICO peak.
Bitcoin Spark (BTCS)
Bitcoin Spark is a BTC fork with a revolutionary distributed ledger technology and a merged consensus mechanism. PoP (Proof of Process) is the driving force seeking to decentralize mining by making it accessible and inclusive. Previous mining systems are skewed toward centralization as it encourages control by those with massive resources. BTCS executes its vision through the Bitcoin Spark mining application available on standard devices and compatible with iOS and Android devices.
The project is running an ICO, currently in phase eight at $3.25 with a 6% bonus and expected gains of 326%. The proposed bonus event will feature a range of 100% to 500% for successful BTCS purchases. The team has capped the minimum qualifying purchases at $100 with a 100% bonus credited directly to the account. Bonuses above 100% will be claimed via support staff or the official website with the links at the bottom of this article.
Bitcoin Spark’s platform is compliant, transparent, and stable as per audit and KYC findings. As a result, it plans on more diverse developments to onboard several players, such as dApp developers, and introduce smart contracts via its multi-layered approach. BTCS has witnessed adoption by a large user base diversifying into the project from other projects, having seen BTCS’ potential to rewrite Bitcoin’s history while pursuing its original vision.
BTCS mining will be all-inclusive as miners rent out processing power, making it available to everyone regardless of the financial muscle. It plans to distribute rewards in a nonlinear method that ensures fairness and discourages single-entity control.
Bitcoin price
Bitcoin (BTC), at $34K at press time, is on a positive streak, gaining value since October 15. Its price is approaching the $35,000 mark and could go even higher to $45,000. This upward trend is supported by indicators like the Relative Strength Index (RSI) and the Awesome Oscillator (AO). If the bulls stay strong, BTC could reach $45,000. On the flip side, if investors start taking profits, the price might drop to a zone around $30,000, signalling a downtrend.
Why is Bitcoin going up?
The Bitcoin price surged above $35,000 for the first time since May 2022, propelled by positive sentiment around a potential Bitcoin exchange-traded fund (ETF) and a short squeeze. Bitcoin registered a more than 10% gain, reaching as high as $35,100, and is now up nearly 110% from its 2022 low. The listing of BlackRock’s spot Bitcoin ETF on a clearing firm was pivotal in the Bitcoin price surge to a level not seen in over a year. Despite multiple spot Bitcoin ETF proposals, the SEC had not approved any of the applicants, including BlackRock, ARK Invest, and Fidelity. This move also lifted the broader cryptocurrency market, with Ethereum, Solana, and Polygon showing gains. The SEC’s recent actions, including a court ruling in Grayscale’s lawsuit, have fueled hopes for a Bitcoin-related ETF approval. Such an ETF would expose investors to Bitcoin price movements without directly owning the cryptocurrency.
Learn more on BTCS and ICO:
Website: https://bitcoinspark.org/