These Cryptos Are In The Buy Zone: Cardano, Bitcoin Spark and Axie Infinity

Identifying the right assets at the right time is paramount for those seeking hefty returns. On that note, Cardano (ADA), Bitcoin Spark (BTCS), and Axie Infinity (AXS) have been ranked among the best cryptos in the buy zone.

Cardano price prediction

Cardano (ADA) embarked on an exciting journey in October, with its price surging by around 15.4%. ADA’s chart suggests it might be in the midst of a promising breakout rally, with its indicators in strong but not yet peaked positions. Notably, the cryptoctency’s Relative Strength Index (RSI) has once again climbed above the 70 mark, signifying growing buying pressure.

Additionally, its 30-day moving average is making a strong upward move towards the 200-day average, offering a clear indication of an ongoing breakout. 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. 

AXS price 

The Axie Infinity (AXS) price recently shot up by 30% in a sudden turnaround for the P2E game, which had lost nearly 65% of its value since January. As the price hiked, on-chain data showed that trading volume also jumped, from less than $15 million in early October to more than $170 million.

While the current move is impressive, AXS is still around 97.5% below its all-time high (ATH), offering an opportune time for those seeking to invest.

What is Bitcoin Spark?

Bitcoin Spark is a revolutionary crypto project that has quickly captured the attention of the crypto community for its progressive approach. Its blockchain boasts lightning-fast and cost-effective transactionprocessing, achieved through a combination of features, including a high individual block transaction capacity, a low block time, and massive number of nodes.

Additionally, the blockchain’s multi-layered architecture enhances its scalability and versatility, enabling it to support the creation and deployment of a diverse range of smart contracts and decentralized applications (dApps).

What truly sets Bitcoin Spark apart is its groundbreaking consensus mechanism, the Proof-of-Process (PoP). This unique mechanism will reward users in a non-linear fashion for verifying blocks and contributing processing power to the network. The nonlinear functionality, combined with the network’s extensive nodes, will allow for a large number of participants.

To enhance accessibility, the Bitcoin Spark team is set to launch a network validation application compatible with various operating systems, including Windows, iOS, and Android, alongside the mainnet.

Another distinctive feature of Bitcoin Spark is the provision of remote computing resources harnessed from the validators’ contributed processing power and payable in BTCS. Impressively, 97% of the generated revenue will be allocated to network validators, in addition to newly minted BTCS and transaction fees from validated blocks. The PoP consensus mechanism has thus been considered an innovative hybrid of Proof-of-Work (PoW) and Proof-of-Stake (PoS) systems.

Furthermore, Bitcoin Spark will incorporate community-governed advertisements within its application and website. The advertisements will also be paid for in BTCS, and participants in the network will receive 50% of the generated revenue, along with additional incentives for overseeing the ad ecosystem.

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.

BTCS price

The Bitcoin Spark (BTCS) price increased from $1.50 to $3.5 as it entered the second-to-last phase of its Initial Coin Offering (ICO). Interestingly, those who invest in the current level have the potential to realize a profit of more than 300% as they receive a 5% bonus and BTCS is set to launch at $10 on November 30th. Additionally, analysts suggest Bitcoin Spark’s strategic launch timing, low market cap, limited supply, groundbreaking technology, and real-world uses are indicators of continued price increases post-launch.

The bottom line

While Cardano (ADA), Bitcoin Spark (BTCS), and Axie Infinity (AXS) are currently in the buy zone, with the potential to go up, it’s essential to carry out your own research before investing.

Learn more on BTCS and ICO:

Website | Buy BTCS

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.

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Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.