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The post Stop Throwing Money Away On Meme Dog Coins, Bitcoin Spark’s Real Use Will Mint Millionaires appeared first on Coinpedia Fintech News
While the crypto market is closely associated with massive gains as crypto projects record all-time highs, the recent bear market gave investors a reality check after Bitcoin stormed to lows below $20k. The bear market caused crypto prices to fall rapidly, with low-utility tokens facing the highest impact. Dog-themed memecoins suffered immensely despite their hype in recent years. This makes high-utility projects like Bitcoin Spark the best bet for investors looking for high returns on invested capital.
Will Dogecoin hit $1?
Dogecoin’s market cap increased significantly, especially with endorsements from public figures. The memecoin has become among Elon Musk’s favourite cryptocurrencies, according to his posts on the X platform (formerly Twitter). The cryptocurrency, however, has a limited chance of getting to $1. This is because Dogecoin is an inflationary cryptocurrency, which means that new DOGE coins are minted by miners when validating the network and approving transactions. Eventually, the supply of DOGE increases, causing a reduction in demand that causes a sharp decline in Dogecoin prices.
Will Shiba Inu Go Up?
Shiba Inu reached its all-time high price in 2021, just months after the meme project launched on Ethereum. The meme coin’s performance was exceptional after the founders sent a huge amount of the token’s supply to Vitalik Buterin’s public wallet address and marketed the project as an extended project of Vitalik Buterin. Although Shiba Inu registered significant gains at the time, the project still needs to progress with developments in Web3. Shibarium, the widely anticipated reforms for the Shiba Inu community, has not impacted the price in any way. The crypto asset is still trading miles away from its all-time high.
Bitcoin Spark’s development would outperform Dogecoin and Shiba Inu
Memecoins can be great investment vehicles. However, they are oversaturated, and most never hit mainstream adoption. Online entrepreneurs and blockchain enthusiasts should invest their hard-earned funds in utility projects with a special place in DeFi. Memecoins have no real utility apart from all crypto assets’ generalized use cases. This makes their performance below market expectations, as many investors seek long-term gains.
While Shiba Inu and Dogecoin struggle to pull investors, Bitcoin Spark is selling out its ongoing IC event. Bitcoin Spark’s ICO is in the seventh phase, with BTCS tokens selling for $3 each. This is a massive bargain, and the digital asset could easily surge after launching the Spark mainnet soon after the ICO ends. The ICO is scheduled to be completed successfully towards the end of November, and the mainnet release is estimated to follow afterward.
Bitcoin Spark is bringing an edge of technology reforms to the crypto industry by providing a faster, cheaper, more scalable, and more interoperable blockchain than Bitcoin and most of their blockchain-based projects.
The project also intends to introduce improved automated smart contracts deployed in Rust and codable in several programming languages, including high- and low-level ones. The smart contracts on the Spark mainnet will have four layers, each working independently but all working together to perform specific Web3 activities. To become a part of this thrilling start-up, purchase BTCS tokens and get a 7% bonus on all orders completed.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
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