When it comes to making hefty returns, identifying the right assets at the right time is of paramount importance. As a result, Axie Infinity (AXS), Bitcoin Spark (BTCS), and Cardano (ADA) have been rated among the best cryptos to buy.
Estimated Cardano price
Its price soared by around 15.4% in October, as Cardano (ADA) embarked on an exciting journey. With its indicators strong but not yet peaked, ADA’s chart suggests it might be beginning a breakout rally. One important indicator of growing buying pressure is the cryptocurrency’s Relative Strength Index (RSI) which has climbed above 70 once again.
In addition, its 30-day moving average is moving upward towards the 200-day moving average, indicating that it is continuing to break out. Analysts suggest that if ADA manages to hold above the $0.30 level, it could sustain its upward trend, potentially reaching the $0.4 levels.
The price of AXS
After losing nearly 65% of its value since January, Axie Infinity’s price recently spiked by 30%. From less than $15 million in early October to more than $170 million in mid-October, on-chain data showed that trading volume jumped along with the price hike.
As impressive as the current move is, AXS is still around 97.5% below its all-time high (ATH), making it a desirable time for investors.
What is Bitcoin Spark?
Having quickly captured the attention of the crypto community for its progressive approach, Bitcoin Spark is a revolutionary crypto project. Through a combination of features, such as a high transaction capacity per block, a low block time, and a massive number of nodes, its blockchain boasts lightning-fast and cost-effective transaction processing.
In addition to its scalability and versatility, the blockchain’s multilayered architecture allows it to support smart contracts and decentralized applications (dApps).
The Proof-of-Process (PoP) is what truly distinguishes Bitcoin Spark. As users verify blocks and contribute processing power to the network, they are rewarded non-linearly. With the network’s extensive nodes and nonlinear functionality, many people can participate.
In addition to the mainnet, Bitcoin Spark will launch a network validation application compatible with Windows, iOS, and Android.
Remote computing resources made possible by validators’ contributions are another distinctive characteristic of Bitcoin Spark. Besides newly minted BTCS and transaction fees from validated blocks, 97% of the generated revenue will be allocated to network validators. Hence, a hybrid Proof-of-PoS and Proof-of-Work consensus mechanism has been developed called PoP
A community-governed advertising system will also be incorporated into Bitcoin Spark’s website and application. BTCS will also be used to pay for advertising, and participants will receive 50% of the generated revenue, as well as additional incentives for managing the whole system.
These distinguishing features collectively make Bitcoin Spark a noteworthy addition to the cryptocurrency landscape, heralding exciting possibilities for blockchain technology. Notably, the network has been subject to multiple third-party audits, affirming its security and reliability.
The price of BTCs
With its ICO entering the second-to-last phase, the price of Bitcoin Spark (BTCS) increased from $1.50 to $3.5. By investing at the current price, investors can earn over 300% as BTCS will launch on November 30th at $10. The timed launch of Bitcoin Spark, low market cap, limited supply, groundbreaking technology, and real-world uses indicate that the price will continue to rise after launch.
In summary
It is important to carry out your own research before investing in Cardano (ADA), Bitcoin Spark (BTCS), and Axie Infinity (AXS), which are currently in the buy zone.