After an unprecedented bear market, the crypto market is finally showing signs of recovery. The FTX and Alameda debacle escalated the bear market alongside the TerraLuna collapse. However, bulls have started showing signs of recovery with good news from BitcoinETF applications by major institutions and investment firms. Blockchain-powered crypto projects like Shiba Inu lost 90% of their value from their all-time highs at the peak of the bull cycle prior to the great collapse. Solana has also been affected by the bear market, losing its intrinsic value against other digital platforms. Despite these projects free falling to all-time lows, a new project, Bitcoin Spark, brings hope to crypto-savvy investors.
Why did Solana Crash?
Solana’s performance was exceptional before the bear market cycle began. The platform’s high-performance blockchain grew exponentially with increasing trading volume, expansive virtual infrastructure, and a well-developed decentralized ecosystem. However, speculators believe Solana’s success was mostly attributed to Sam Bankman’s intervention and advocacy. Sam Bankman’s exchange was the most significant backer of Solana. When FTX filed for bankruptcy, Solana took a hit, and since then, its prices have been lingering toward all-time lows.
What is Bitcoin Spark?
Bitcoin Spark is an altcoin serving as a Bitcoin alternative. The platform’s main objective is to fill the gaps experienced on major blockchain platforms like Bitcoin and Ethereum. Bitcoin Spark is a true definition of improved technology, advanced research, and real-time logical applications in the blockchain arena. What makes Bitcoin Spark the go-to blockchain is its impeccable utility designed to help Web3 users achieve true decentralization.
The platform has an ongoing ICO event currently running in phase 5, distributing its native digital asset, BTCS. Each BTCS token is selling for $2.50, and all purchases are automatically allocated a 9% bonus as a token of appreciation from the Bitcoin Spark team due to early adoption.
Additionally, the platform will initiate a golden seal bonus event to distribute 75,000 BTCS tokens alongside a 125% bonus. Individuals who come first are the ones who will capitalize on the project before all the 75,000 BTCS tokens are issued. The bonus event will begin on Saturday, September 16th, at 1 p.m. UTC and end when all the allocated BTCS tokens are distributed.
New projects face immense volatility immediately after launch, and the prices tend to swing heavily as bulls and bears enter a tag of war. However, the Bitcoin Spark team has laid out a strategic plan to stabilize the price of BTCS tokens after the official mainnet launch. Since trading is the sole financial activity behind volatility, Bitcoin Spark’s project will involve promoting buyers on the token and emphasizing exclusive perks for holders.
For instance, ICO wallets that get BTCS tokens directly from the issuing address will get an exclusive two-fold mining plate lasting two years. The mining fold will encourage BTCS holders to hold by making it more profitable to keep than sell at smaller capital gains. After two years, the mining fold system will expire, and mining will be standardized across all users and mining devices. Buying BTCS puts investors at the forefront for massive gains that Solana and Shiba Inu cannot compete with.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
Buy BTCS: https://network.bitcoinspark.org/register
Disclaimer: The content of this partner post is provided by Traders Union. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
