Altcoins and the 2024 Crypto Bull Run
With the predicted 2024 crypto bull run quickly approaching, experts recommend seeking alternative cryptocurrencies. That said, Bitcoin Spark (BTCS), Fantom (FTM), and Polygon (MATIC) have been ranked among the best altcoins for the next bull run.
Will Altcoins go up?
During crypto bull runs, altcoins often experience significant upward movements. As Bitcoin (BTC), the leading cryptocurrency, gains value, it attracts more mainstream attention and investors who seek additional opportunities for profit. Additionally, during bullish periods, astute traders and investors are more willing to take risks, leading them to explore lesser-known projects with the hope of identifying the next big success. As such, altcoins get increased demand, which consequently leads to higher prices. The choice of the altcoin is fueled by a combination of factors, including technological innovations, partnerships, and real-world use cases.
Bitcoin Spark (BTCS)
Bitcoin Spark has gained significant attention within the crypto community since its Initial Coin Offering (ICO) started on August 1st. This innovative Satoshi-inspired crypto project merges a capped supply of 21 million coins with technologies and features designed to usher in a new generation of digital transactions.
- Fast transaction processing and low transaction costs
- Short block time, high individual block transaction capacities, and a vast network of nodes
- Multiple layers for scalability and versatility
- Dedicated smart contract layer with separate execution systems for developing smart contracts and decentralized applications (DApps)
- Decentralized CPU and GPU renting with the Proof-of-Process (PoP) consensus mechanism
- Launch of a lightweight, secure, and easy-to-use application compatible with popular operating systems
Furthermore, the Bitcoin Spark development team has ensured the sustainability of the network through multiple audits. The project’s ICO will enter its last phase on November 15th at $3.75, with its launch scheduled for November 30th at $10.
Fantom vs Polygon
Fantom (FTM) and Polygon (MATIC) are both prominent contenders, each offering unique solutions to address scalability and transaction efficiency issues.
Fantom is a layer-1 blockchain that utilizes a Directed Acyclic Graph (DAG) structure to achieve high throughput and low latency. This architecture positions Fantom as a high-performance platform capable of catering to diverse, decentralized applications (DApps) and smart contracts.
On the other hand, Polygon is a Layer-2 scaling solution, providing a framework for building and connecting multiple blockchains, known as sidechains, to the Ethereum network. This modular approach allows developers to create decentralized applications (DApps) with increased efficiency and reduced transaction fees while benefiting from the security of Ethereum.
While market dynamics can be unpredictable, the innovative approaches of Bitcoin Spark, Fantom, and Polygon make them noteworthy players to watch in the upcoming bull run.