Visa’s recent move to extend its crypto partnership to Solana has sent ripples through the cryptocurrency market. As one of the world’s leading payment technology companies, Visa’s involvement in crypto is a significant indicator of the growing acceptance and adoption of digital assets. This partnership holds implications for Solanaand emerging blockchains like Bitcoin Spark (BTCS) that aim to revolutionize the crypto landscape.
Bitcoin Spark (BTCS)
Visa’s use of blockchain for digital payments, especially for its USDC stablecoin, is good news for new blockchain technologies like BTCS. BTCS deploys a Proof-of-Process mechanism, which revolutionizes how blockchains make money and encourages people to get involved. By blending PoW systems with a PoS system, miners can put their processing power to practical use, unlike Bitcoin’s power-hungry hexadecimal equations that only serve to validate transactions. Bitcoin Spark diversifies its income sources through mining and unobtrusive ads in the blockchain explorer and the Bitcoin Spark application. Miners and the development team can supplement mining income with advertising revenue, tapping into the ever-expanding advertising industry. Many devices bear unused processing power during most of the day. Bitcoin Spark offers a cost-effective way for organizations or individuals in need of extra computational capacity to rent this power, allowing miners to earn money similarly to PoW. The remote processing system will eventually become an integral part of finality on the Bitcoin Spark network, establishing a self-sustaining and open product with legitimate revenue streams, vital during market fluctuations.
Bitcoin Spark is in ICO phase five at $2.50 with a 9% bonus and 436% expected ROI at launch. With its diverse income sources, the overall network can survive and thrive in the Web3 era, where there’s a growing focus on single-use cases and closed revenue systems. The features make the BTCS blockchain a candidate for Visa partnerships.
Is Solana a good investment?
Solana is a rapidly growing blockchain with great potential. It has a strong track record of performance, weathering the 2021 market crash. Solana has been actively expanding its ecosystem by integrating various popular crypto technologies like Web3, NFTs, Metaverse, P2E games, DeFi, and dApps. It has also launched many successful crypto programs and tokens. Additionally, more brands are looking to build on Solana, creating more uses for SOL tokens. All of these factors, along with a recovering market, make Solana a promising cryptocurrency in smart contract circles. However, its FTX connection and SEC crossfire dampen its recovery journey.
Solana price prediction
Solana, like many other cryptocurrencies, experienced a significant peak in 2021 during the last bull market when its price reached an all-time high of $260. Since then, Solana’s price has dropped considerably. In 2023, Solana’s price stabilized in the range of low to mid $20.
In July 2023, Solana’s price prediction noted a brief breakout from a descending resistance, which analysts saw as a potential trend reversal. However, this reversal was short-lived and less extreme than anticipated. The recent Visa news has drawn attention to Solana price prediction, with analysts closely monitoring prices above $22. If Solana can convincingly surpass $25 and $27, it would be bullish.
More details on Bitcoin Spark here:
Website: https://bitcoinspark.org/
