Altcoins are seemingly on an aggressive rampage following Bitcoin’s recent bullish move. The move is set to have been reinforced by several macroeconomic indicators, including current Bitcoin ETF applications by major investment firms such as BlackRock and Grayscale. The periodic upswing recorded by most altcoins has attracted the attention of swing traders. One seasoned investor and crypto trader highlighted that the altcoin frenzy will continue for months if the current price action breaks out of the downward resistance that most altcoin higher timeframe technical charts indicate. This altcoin season could impose bullish signals for Bitcoin Spark and Near Protocol.
What is Near Protocol?
Near Protocol is a decentralized software designed to accrue computer coordination through cloud computing to create a conducive platform for Web3 programmers to develop decentralized applications. The platform capitalizes on the sharding concept, which has significantly improved the efficiency of the network. Sharding involves dividing the network into sections so node operators manage a minute section of the overall network. Sharding allows Near users to access network data faster, scaling the platform significantly. Near will likely follow the rest of the altcoins in an upward trajectory that analysts believe could be the onset of the highly coveted bull market.
Is Bitcoin Spark a good investment?
Bitcoin Spark is a new altcoin invading the crypto industry with advanced features and an improved technological background. The project is being developed based on the grounds of a Bitcoin alternative but looks to solve challenges and limitations across the industry. The project aims to make its blockchain more scalable by introducing a high-performance smart contract layer significantly inclined to support Web3 innovation.
The Bitcoin Spark smart contract has an execution layer that contains the coding platform for developers. This platform is compatible with any EVM bytecode programming language (both high and low-level languages), including Vyper and Solidity. The smart contract layer is also bordered by another parallel layer that deploys Rust contracts. The smart contract has already passed three different and independent audit processes conducted by industry-leading auditing organizations in the blockchain sector. Cognitos has also verified the KYC requirements of the founders, indicating the team’s devotion to transparency.
Bitcoin Spark’s ICO is in its sunset, with just a few days before it comes to an end. The presale has proceeded smoothly since the first phase and has finalized eight stages, raising $5 million. Only two phases are yet to be completed: the ongoing phase 9 and the incoming phase 10. The current BTCS price is pegged at $3.50 but is subject to increase in phase 10. The launch price of one BTCS is pegged at $10. However, the altcoin frenzy could quickly push the prices to $20 in the next few weeks after debut.
BTCS will make a grand appearance on exchanges Uniswap and XT.com on November 30th, just after the ICO terminates. The team has implemented measures to ensure that the BTCS price is stabilized after the centralized exchange listing. The ICO participants are encouraged to hold their tokens to capitalize on their two-fold mining rate, valid for two years.
During the validity period, the ICO participating accounts will accumulate thousands of dollars before the mining rate stabilizes. This will reduce the selling pressure that usually comes with new start-ups exchange listings. Additionally, the listing will make the project’s digital assets accessible to more investors, causing a possible increase in market cap and trading volumes simultaneously.
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