Coinbase Launches in Canada – North American Investors Increasingly Buying ADA, SHIB and BTCS
In a significant development for cryptocurrency, Coinbase, the second largest crypto exchange in the world by volume, officially launched in Canada. This move opens up new avenues for North American investors to dive into the exciting world of digital assets.
And it’s becoming increasingly evident that they have an interest in Cardano (ADA), Shiba Inu (SHIB), and Bitcoin Spark (BTCS).
What you'll learn 👉
Is Cardano a good investment?
Cardano has gained significant attention in the cryptocurrency space due to its innovative technology and commitment to scalability, sustainability, and security. It boasts an academically rigorous approach to blockchain development, fortifying its long-term viability.
Additionally, Cardano has many projects built on its blockchain ecosystem, spanning sectors such as finance, healthcare, and supply chain management. Moreover, Cardano has formed meaningful partnerships and collaborations with governments and organizations, highlighting its capacity to make a real-world impact. Given these attributes, Cardano (ADA) presents itself as a compelling investment opportunity.
Will Shiba Inu coin reach $1?
While there are potential catalysts on the horizon for Shiba Inu (SHIB), reaching the $1 mark is a significant challenge. There are currently around 589 Trillion Shiba Inu tokens in circulation, meaning that if the coin were to reach $1, it would need to have a market cap of around $589 Trillion.
For context, the global market capitalization in 2022 amounted to $98.5 Trillion. Even with a strategy to burn coins in place, the Shiba Inu (SHIB) supply and market capitalization is still too high for it to reach $1 anytime soon.
Bitcoin Spark: Rewriting the history of Bitcoin
Bitcoin Spark (BTCS) has been referred to as the new Bitcoin (BTC) by several crypto analysts. This is because this innovative project has similar characteristics to the original cryptocurrency, including a limited supply of 21 million. Bitcoin Spark, however, has many significant developments that set it apart and position it for greater adoption.
The Bitcoin Spark network will have a massive number of nodes, reduced block time, and enhanced individual block transaction capabilities to ensure it has higher transaction throughput and lower fees than its predecessor. The network will also support smart contracts through a multi-layered smart contract execution system. This design will allow for both high-level and low-level programming languages to be used, promoting a diverse network of developers and smart contract styles. Bitcoin is therefore poised to have a robust ecosystem of decentralized applications (Dapps) catering to a wide range of user needs and preferences.
Bitcoin Spark introduces a groundbreaking consensus mechanism known Proof-of-Process (PoP), which rewards users for validating blocks and providing processing power to the network. The Bitcoin Spark application will enable anyone with a smart device to participate in network validation by permitting secure and isolated access to their device’s processing unit. The processing power provided to the network is then rented out to clients who require remote computing power. The clients will pay using BTCS, which will be used to incentivize network participants further.
The Bitcoin Spark network will also offer other services within its network which will provide additional income streams for participants. For example, small slots will be left for advertisements on the Bitcoin Spark application and website. Network participants will receive 50% of the revenue generated and additional incentives for policing the ads.
Conclusion
North American investors increasingly buying ADA, SHIB, and BTCS suggests potential for increased worldwide adoption. Thus, investors and traders should keep an eye on these cryptocurrencies.
For more information on Bitcoin Spark:
Disclaimer: We advise readers to do their own research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in cryptoassets is high-risk; consider the potential for loss. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.
