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With the next crypto bull run quickly approaching, experts recommended investing in affordable altcoins like XRP, Polygon (MATIC), and Bitcoin Spark (BTCS).
The Polygon (MATIC) price recently witnessed a 6% surge in a week. The Relative Strength Index (RSI) is currently making its second attempt to breach the pivotal 50, which has historically propelled Polygon's price northward. Additionally, the Awesome Oscillator (AO) has been consistently displaying a series of green bars, adding to the bullish sentiment. Analysts suggest that increased buying pressure could drive Polygon's price to test the supply zone between $0.6450 and $0.7075. They argue that confirmation of the uptrend will come with a break and close above the midline at $0.6757, which aligns with the 50-day Exponential Moving Average (EMA).
The XRP lawsuit commenced in December 2020 when the United States Securities and Exchange Commission (SEC) alleged a breach of securities regulations in the initial and subsequent XRP token sales. After nearly three years of legal battles, a pivotal moment arrived on July 13, 2023, when District Judge Analisa Torres declared that XRP's retail sales didn't meet the legal criteria for a security. Nevertheless, Ripple was found culpable of breaching securities laws in its direct sales of XRP tokens to institutional investors. The SEC, undeterred, sought to appeal the decision in August, citing substantial differences in legal interpretation. However, the tides turned on October 3 when Judge Torres denied the SEC's motion to appeal, citing a lack of compelling legal grounds or substantial differences of opinion. With the regulatory overhang lifting, it's increasingly likely that more financial institutions will integrate XRP into their operations. This increased adoption could lead to a surge in demand for XRP, potentially driving up its price.
Bitcoin Spark has captured the attention of the crypto community with its ability to retain Bitcoin's fixed supply of 21 million coins while introducing a range of innovative features designed to usher in a new era of crypto transactions.
The Bitcoin Spark blockchain boasts fast and cost-effective transaction processing due to its short block time, high individual block transaction capabilities, and massive modes. The blockchain also offers a scalable infrastructure for building smart contracts and decentralized applications (DApps). It has a dedicated smart contract layer with separate execution systems that all reach finality on the main network, allowing for a wide variety of programming languages.
Notably, Bitcoin Spark uses its proprietary consensus mechanism, the Proof-of-Process (PoP), which non-linearly rewards users for confirming transactions and contributing their processing power. The nonlinear approach, coupled with the network's extensive nodes, allows even low-powered devices to run the network. In fact, the Bitcoin Spark team will provide a user-friendly network application compatible with various operating systems, including iOS, Android, and Windows.
Organizations and individuals will be able to use the contributed power for remote computing through the Bitcoin Spark network in exchange for BTCS. The revenue generated will then be distributed among the validators.
Additionally, the Bitcoin Spark application and website will have small spaces for advertisements, which will be community-policied to promote decentralization and security. Advertisers will also pay in BTCS, and the revenue generated will be split between the network participants and the development team.
Bitcoin Spark (BTCS) is currently selling at $3.00 in Phase 7 of its Initial Coin Offering (ICO). Investing at this level grants a 7% bonus and various other advantages, including extra tokens. Notably, BTCS will launch at $10, signifying a 357% profit for phase 7 investors and an outstanding 800% for those who invested in Phase 1. Several analysts have suggested a 100X price increase for Bitcoin Spark (BTCS), pointing to its limited supply, low market capitalization, innovative technology, real-world applicability, and timing of launch as compelling reasons for their predictions.
Website: https://bitcoinspark.org/
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
