Will Shiba Inu Reach $1?
Shiba Inu is a decentralized platform that seeks to promote a massive improvement in cryptocurrency market capitalization. The digital currency has its native token, SHIB, which acts as a gas currency for the ecosystem.
- SHIB is also utilized in awarding community members participating in the project’s development.
- The platform utilizes the proof-of-stake consensus algorithm based on the Ethereum network.
- The platform is projected to surge amid the incoming digital currency bull run in 2024. However, due to its token supply, it is unlikely that a SHIB token will be worth $1 any time soon.
Is Polygon a Good Investment?
Polygon is a layer two scaling solution developed on the Ethereum mainnet. The decentralized platform has made developed in blockchain technology as it contains various mechanisms that improve transaction speeds.
Once the transaction speed is increased, there is a reduction in transaction costs. The network utilizes a proof-of-stake mechanism where users stake their MATIC tokens. MATIC is the native token of the decentralized platform. The native currency can be utilized for awarding participants who partake in the network’s development process.
Bitcoin Spark is Defying Market Conditions
Bitcoin Spark is the new digital currency that will take over the crypto sphere with its native token, BTCS. The network has a maximum supply of 21 million tokens allocated to mining pool rewards and launch supply. The launch supply will then be distributed to team tokens, pre-launch exchanges, liquidity pools, and initial coin offerings.
The network has an ongoing presale, which is currently at phase 6, where each BTCS is sold at $2.75, hence having an 8% bonus. Moreover, individuals who purchase the token will receive 393% capital gains during the token launch on November 30th.
Bitcoin Spark has a unique revenue generation system from other digital currency platforms. These methods are advertising and renting processing power. The processing power is acquired from validator nodes. The team behind the project will take 3% of the revenue generated from the processing power for maintenance and upkeep.
There is also an advertising method where the platform uses a small, unique, unused space of its website and application for brand promotion. Advertising will be conducted elastically as there will be a surge in price when there is an increase in demand and a drop in price when the demand decreases. Moreover, the team will take 50% of the revenue generated in this field for their income and upkeep. The platform will provide other ways of generating revenue.