With the current state of the crypto market, it is essential to explore the possible earnings that can be obtained from Ethereum (ETH) and Bitcoin Spark (BTCS).
Ethereum price prediction
While there have been many projections of Ethereum‘s future price movements, the one recently put forth by Standard Chartered has elicited considerable excitement among crypto enthusiasts. According to the global banking giant, Ethereum (ETH) has the potential to surge to $8,000 within the next two years. This bullish outlook is rooted in Ethereum’s expanding role in smart contracts, gaming, and the tokenization of traditional assets. Geoff Kendrick, the Head of FX Research at Standard Chartered, further projected a structural valuation ranging from $26,000 to $35,000 by 2040, supported by the growing real-world applications in Ethereum’s blockchain. These predictions underscore Ethereum’s potential to yield substantial earnings for investors who capitalize on its current price, which is around 68.40% below its all-time (ATH) of $ 4,891.70.
What is Bitcoin Spark (BTCS)?
Bitcoin Spark is a new blockchain that was inspired by Satoshi Nakamoto’s vision. It seeks to address the limitations of previous blockchain platforms and introduce a new era of digital transactions.
The Bitcoin Spark blockchain ensures quick transaction processing and low transaction costs through its short block time, high individual transaction capabilities per block, and massive number of nodes. The blockchain also has multiple layers, including a smart contract layer with multiple execution systems that attain singular network finality, allowing for a variety of high-level and low-level programming languages. This positions it as a robust platform capable of supporting smart contracts and decentralized applications (DApps) catering to diverse use cases.
Bitcoin Spark has especially received recognition for its groundbreaking consensus mechanism, the Proof-of-Process (PoP), which is an effective hybrid of Proof-of-Stake (PoS) and Proof-of-Work (PoW) systems. Users are required to stake BTCS tokens and provide processing power to the network in order to confirm blocks and earn rewards. However, the PoP exponentially reduces rewards as additional stake and processing power are added. This nonlinear approach, combined with the network’s massive nodes, ensures a more equitable distribution of rewards and allows for broader participation, promoting true decentralization. Notably, the Bitcoin Spark network will have a native application developed by its team, compatible with a wide range of operating systems, including Windows, Mac OS, iOS, and Android. The application will serve as a wallet and as the network validation application, enabling accessible and seamless participation.
Interestingly, Bitcoin Spark will channel the contributed computing power to institutions and individuals seeking remote computing resources, who then pay for the service in BTCS, the network’s native cryptocurrency. Network validators will receive newly minted BTCS and transaction fees from confirmed blocks plus 97% of the revenue generated from what would have otherwise been dormant processing power.
Additionally, Bitcoin Spark will have advertising spaces on its application and website, with a strong emphasis on community policing to uphold decentralization. Advertisers pay in BTCS, and 50% of the revenue, along with incentives for monitoring the ads, is allocated to network participants.
Notably, Bitcoin Spark is currently in Phase 8 of 10 in its Initial Coin Offering (ICO), with BTCS selling at $3.25 and investors getting a 6% bonus, among other benefits.
Bitcoin Spark (BTCS) future
Bitcoin Spark is set to officially launch on the market on 30th November, with BTCS at $10. This denotes a 326% increase for investors in Phase 8 and an 800% for those who invested in the first phase. Many analyses, including a recent one by Oscar Ramos, suggest that Bitcoin Spark has a great future ahead. As Bitcoin-inspired crypto, there’s a limited supply of 21 million BTCS coins, which shows potential for long-term value increases. Additionally, Bitcoin Spark has innovative technologies, unique real-world uses, and a community-centered approach, which is bound to attract many users, increasing demand and subsequently its price. Moreover, Bitcoin Spark’s low market cap, coupled with its launch being close to the predicted 2024 bull run, suggests potential for massive price rallies for BTCS.
The bottom line:
While Ethereum (ETH) and Bitcoin Spark (BTCS) have significant potential to provide massive profits, it’s essential to do your own research before investing.
To get more information on Bitcoin Spark and its ICO:
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
