BurstCoin Price Prediction: Reasons For Investing
Undoubtedly, BurstCoin is special. Not only is it working towards complete decentralization which means a network where there are no whales or entities influencing price or on chain development but the coin is introducing new, energy efficient and environment-friendly consensus algos. Proponents call the coin an innovative green cryptocurrency. It’s a no brainier why and that’s part of the main reasons why BurstCoin—though still dabbling with inefficient but secure Proof of Work—stands out. Read below our BurstCoin Price Prediction and the Reasons for investing on this coin.
More about BurstCoin
To summarize, BurstCoin is perhaps the only coin in the crypto verse that makes use of your empty hard drive space for mining purposes. Its founder took the Satoshi Nakamoto route, forking the network off NXT and melting into the inter-webs without a trace.
A BurstCoin consortium is now tasked with developing and maintaining the network. Thanks to their special proof of capacity energy efficient and low entry consensus algorithm profitable mining is possible even from mobile devices. Once you plug in and decide to mine, the network simply “plots” on your hard drive. Your computer space is not overwritten and should you decide to opt out, all you have to do is delete these plots on the hard drive and that would be about it.
There are several pointers that make BurstCoin unique and could propel price in coming weeks/months, some of them include:
- The project is purely pro-Bono, volunteer based with emphasis on innovation. Most notably, there is no pay for developers neither is there a developer fund. Additionally, the team didn’t carry out an ICO and developers are in it not because of the money—they aren’t selling their coins despite marauding bears—but because they believe on the efficiency and superiority of Proof of Capacity as spelled out in the Burst Dymaxion white paper.
- The rate of BurstCoin adoption is growing and sooner or later, the team will officially unveil businesses that ride on their blockchain.Already, John McAfee has sounded his support. Remember, it’s possible to atomic swap BurstCoin and with plans on introducing dynamic fees model.
- BurstCoin is spearheading the drive for complete privacy as they address scalability concerns and security. The first hard fork dealt with Time-Memory Tradeoff Attacks. Future implementations include addition of a full miner tool suite and bug fixing. Other hard forks on the horizon will introduce ring signatures, Tangles on top of the BurstCoin blockchain and zk-SNARKs all of which steels user privacy.
BurstCoin Price Prediction
Still, BURST is struggling against marauding bears. At spot prices, the coin is down 98 percent from 2017 peaks. Like all coins and tokens, sliding BTC prices dragged all digital assets prices to new lows.
In the meantime, demand is mostly drawn from Singapore and this must change. Besides, POCC—credited for developing new tools—is has thrown in the towel. As such it is likely that BURST prices will sink to new lows. We might even see BURST sellers erasing all the giant strides made in 2017.
BURST coin price recovery anchors on a new development team intervening to avoid a death spiral. Moreover, astute marketing might just be what the network needs. As it is, we expect BURST to retest all-time lows of $0.00010. This will probably take months if not years before BURST rally above 2.6 cents. And this caps off our Burstcoin Price Prediction.
You can purchase BurstCoin at several exchanges including Poloniex, UpBit, Bittrex and Coinroom.