Bull markets begin with pessimism in the lows raided by bear markets. Most people need help understanding the psychology of the markets that dictate true wealth is made during tough times. Most wait for the entire market to turn bullish to give them the bullish signal to go long on crypto projects. The downside of this strategy is that you might be buying a top, and the ultimate price drop is inevitable at this point. The crypto market is currently recovering from a bear market. Solana, Bitcoin Spark, and ADA are cryptocurrencies investors should have in their portfolios.
What is Bitcoin Spark?
Bitcoin Spark is a BTC fork with a top-performance blockchain network and a Vital Block audited smart contracting platform that boosts the growth of Web3 technology and innovation growth. The Bitcoin Spark mainnet, upon release, will offer a substitute network for the high-energy affinity proof of work in blockchains like that of Bitcoin. Bitcoin was developed in 2009 with outdated technology, resulting in a low-performance blockchain that charges massive transaction speeds and experiences network delays during high transactions. Bitcoin Spark bears the solutions to these challenges and, at the same time, brings enormous utility to the cryptocurrency ecosystem.
Most Bitcoin alternatives are just Bitcoin clones. However, Bitcoin Spark is different. The Bitcoin Spark team has taken time to analyze the challenges in the Bitcoin ecosystem as well as the limitations facing the crypto market to develop the next-generation blockchain technology. Instead of a Bitcoin duplicate, Bitcoin Spark features improved technological applications that maximize the network’s usability and, at the same time, promote privacy and decentralization.
The Bitcoin Spark network is the gateway to increased transaction speeds, reduced block time, and significantly lower transaction costs (which, in time, will be eliminated). The network also enhances innovation and Web3 creativity by providing developers with a smart contract medium to deploy decentralized applications.
Bitcoin mining has been a complicated subject that many retailers have wished to take part in. Thanks to Bitcoin Spark’s unveiling proof of process consensus mechanism, anyone can mine BTCS tokens, unlike the case of Bitcoin, which has massive entry barriers that only the ultra-wealthy take advantage of. The Bitcoin Spark network is undemanding. Therefore, the process can be effectively executed without sophisticated mining equipment. All users need is a recent smart device (powered by any operating system) and a stable internet connection with speeds of up to 50Mbps, making the mining process more accessible and decentralized.
Are ADA and SOL good investments?
Investors must understand what utility these two projects bring to analyze if Cardano and Solana are suitable investments. Cardano and Solana are smart contract platforms with high-performance blockchain networks. The two networks currently rank among the top technical crypto platforms offering networks that rival Ethereum in the devolution and provision of decentralized economies. Cardano and Solana may average better returns than what banks give to savings accounts on an annualized APY, making them good investment opportunities for the long run. However, buying BTCS tokens bears the most potential for returns.
Learn more about Bitcoin Spark on:
Website: https://bitcoinspark.org/
