Which Crypto Will Perform Best in the Crypto Bull Market - Chainlink, Polkadot, or Bitcoin Spark?

Find out which crypto coin market analysts believe has the biggest potential during the ongoing bull market: Chainlink, Polkadot, and Bitcoin Spark.

Spotlight Desk

Updated on: 2 November 2023 7:47 am

Bitcoin Spark

Many crypto analysts have reached a consensus that the crypto market has entered a bull phase. Already, Chainlink, Poladot, and Bitcoin Spark have emerged as crypto coins with great potential. However, which of these cryptos do analysts think will surge the greatest in the bull market?

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Chainlink (LINK) Has Formed an Ascending Triangle

Chainlink has outperformed most of the crypto market over the last month. In October, the price of Chainlink increased by 42% to reach $11.50. Analysts have predicted that it could get better as LINK has formed an ascending triangle pattern.

This pattern was confirmed by Ali Martinez, a popular crypto market analyst. Martinez reported that bullish formation could see the Chainlink price increase by a further 14%. Based on his Chainlink price prediction, the altcoin could reach a value of $13 soon.

The price of LINK has grown along with an increase in activity on the Chainlink network. CryptoQuant reported that this top cryptocurrency has recorded 8,086 active addresses. This is a three-month high for Chainlink.?

Staking Update Has Fueled Polkadot (DOT) Price Increase

Polkadot has recorded one of the best price-performance after a major improvement to its staking platform. Polkadot has launched Staking Dashboard 1.1. The latest upgrade allows users to view their 14-day staking activity on the network.

The Polkadot crypto price increased to $4.33 since the upgrade was announced. The price movement of DOT also shows a break above a descending pattern. The Polkadot price could rally to $5, according to the price forecast from analysts, if this pattern holds.

A break above $5 could see the Polkadot coin embark on a more substantial rally. However, $5.5 and $6.5 would act as target levels for Polkdaot bulls to watch.

Bitcoin Spark (BTCS) Offers an Early Entrance Into Bitcoin

Only some projects have made as much impact as Bitcoin Spark in crypto presale. The project has garnered massive support from investors as an evolution of Bitcoin. Unlike other Bitcoin forks, Bitcoin Spark has introduced some novel features that are lacking in the original Bitcoin blockchain.

The lack of smart contract functionality on the original blockchain has been fixed by Bitcoin Spark. This will make the network more flexible as developers can build and deploy decentralized applications (dApps). The network also supports the establishment of decentralized organizations, otherwise known as DAOs.

In addition, Bitcoin Spark brings down the barrier of entry into mining. By operating a unique Proof-of-Process consensus, Bitcoin Spark will allow network users to mine with their smart devices and a stable internet connection. Analysts have predicted that Bitcoin Spark will outperform Polkadot and Chainlink in the next crypto market.?

One of the major reasons is the close connection to Bitcoin, as a fork of the network. Top analysts have forecasted an all-time high of $40 for BTCS ahead of the halving and Bitcoin spot ETF approval. Investors still have a chance to join stage IX of the Bitcoin Spark ICO, where BTCS trades at $3.50. This has made BTCS one of the best cryptocurrency to buy now.?